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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 13,652,883 $ 3,667,249
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,857,427 2,466,942
Amortization of financing costs 223,740 277,431
Unrealized (gain)/loss on derivatives (1,386,886) 33,555
Stock-based compensation expense 896,539 8,251
Loss on disposal of assets 105,549  
Unrealized exchange differences (106,399) 120,830
Other non-cash items 21,182  
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 15,552,080 (3,861,206)
Prepaid expenses and other receivables (46,305) (249,102)
Due from related parties (19,890,974) 126,466
Inventories 1,005,092 (444,088)
Trade accounts payable 505,911 1,212,529
Accrued expenses and other liabilities 1,409,214 119,249
Due to related parties 93,754 217,122
Payments for drydocking costs   (215,318)
Net cash provided by operating activities 16,892,807 3,479,910
Cash flows from investing activities:    
Payments for vessels and vessels under construction (204,076,675) (61,193,283)
Restricted cash deposits (3,302,789)  
Proceeds from disposal of assets 136,660  
Payments to acquire other fixed assets (191,254) (79,017)
Net cash used in investing activities (207,434,058) (61,272,300)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 127,378,019  
Repayment of long-term debt borrowings (2,818,562) (1,278,500)
Proceeds from common shares issuances   155,830,178
Financing costs paid (4,218,263)  
Payments relating to issuance costs   (620,931)
Net cash provided by financing activities 120,341,194 153,930,747
Effects of exchange rates on cash and cash equivalents 94,657 (120,830)
Net (decrease)/increase in cash and cash equivalents (70,105,400) 96,017,527
Cash and cash equivalents at the beginning of the period 204,821,183 279,131,795
Cash and cash equivalents at the end of the period $ 134,715,783 $ 375,149,322