Financial Instruments and Fair Value Disclosures (Tables)

3 Months Ended

Jun. 30, 2015

Financial Instruments and Fair Value Disclosures

Schedule of financial derivatives

		June 30, 2015		March 31, 2015
Derivatives not designated as hedging instruments	Balance sheet location	Asset derivatives	Liability derivatives	Asset derivatives	Liability derivatives
Interest rate swap agreements	Long-term liabilities—Derivative instruments	—	11,343,576	—	12,730,462

Schedule of effect of derivative instruments on the consolidated statement of operations

Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	Three months ended June 30, 2015			Three months ended June 30, 2014
Interest Rate Swap—Change in fair value	Gain/(loss) on derivatives, net	$	1,386,886		$	(33,554	)
Interest Rate Swap—Realized loss	Gain/(loss) on derivatives, net	(1,244,491		)	(1,354,590		)
Loss on derivatives—net		$	142,395		$	(1,388,144	)