Financial Instruments and Fair Value Disclosures (Tables)

6 Months Ended

Sep. 30, 2015

Financial Instruments and Fair Value Disclosures

Schedule of financial derivatives

		September 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	—	16,455,007	—	12,730,462

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

		Three months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	September 30, 2015			September 30, 2014
Interest Rate Swap—Change in fair value	Gain/(loss) on derivatives, net	$	(5,111,430	)	$	1,690,606
Interest Rate Swap—Realized loss	Gain/(loss) on derivatives, net	(1,230,333		)	(1,348,297		)
Gain/(loss) on derivatives—net		$	(6,341,763	)	$	342,309

		Six months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	September 30, 2015			September 30, 2014
Interest Rate Swap—Change in fair value	Gain/(loss) on derivatives, net	$	(3,724,544	)	$	1,657,052
Interest Rate Swap—Realized loss	Gain/(loss) on derivatives, net	(2,474,824		)	(2,702,887		)
Gain/(loss) on derivatives—net		$	(6,199,368	)	$	(1,045,835	)