Deferred Charges, Net

3 Months Ended

Jun. 30, 2015

Deferred Charges, Net.

Deferred Charges, Net

4. Deferred Charges, Net

The analysis and movement of deferred charges is presented in the table below:

	Financing costs		Drydocking costs		Total deferred charges, net
Balance, April 1, 2015	13,296,216		669,705		13,965,921
Additions	3,321,687		—		3,321,687
Amortization	(223,740	)	(62,212	)	(285,952	)
Balance, June 30, 2015	16,394,163		607,493		17,001,656

Financing costs incurred during the three months ended June 30, 2015 relate to a $758 million debt facility that we entered into in March 2015 (the “2015 Debt Facility”). See Note 7 below.

There were no drydockings during the three months ended June 30, 2015.