Vessels, Net (Tables)

3 Months Ended

Jun. 30, 2015

Vessels, Net

Schedule of vessels, net

	Cost		Accumulated depreciation		Net book value
Balance, April 1, 2015	439,180,669		(19,204,616	)	419,976,053
Additions	241,450,881		—		241,450,881
Disposals	(268,281	)	26,060		(242,221	)
Depreciation	—		(4,749,861	)	(4,749,861	)
Balance, June 30, 2015	680,363,269		(23,928,417	)	656,434,852