Deferred Charges, Net

6 Months Ended

Sep. 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	7,437,370		—		7,437,370
Amortization	(634,500	)	(125,108	)	(759,608	)
Balance, September 30, 2015	20,099,086		544,597		20,643,683

Financing costs incurred during the six months ended September 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 six months ended September 30, 2015.