Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 31,839,639	$ 46,411,962
Trade receivables, net and accrued revenues	1,382,311	107,317
Prepaid expenses and other receivables	2,079,074	2,247,706
Due from related parties	24,693,405	54,504,359
Inventories	2,886,237	2,288,073
Total current assets	62,880,666	105,559,417
Fixed assets
Vessels, net	1,619,392,122	1,667,224,476
Other fixed assets, net	386,288	591,288
Total fixed assets	1,619,778,410	1,667,815,764
Other non-current assets
Deferred charges, net	1,886,686	294,935
Derivative instruments	4,961,435
Due from related parties—non-current	19,800,000	17,600,000
Restricted cash	50,812,789	50,812,789
Other non-current assets	93,417	95,271
Total assets	1,760,213,403	1,842,178,176
Current liabilities
Trade accounts payable	5,699,438	6,826,503
Accrued expenses	5,756,643	9,721,477
Due to related parties	556,364	708,210
Deferred income	8,110,293	4,606,540
Current portion of long-term debt	65,978,786	66,265,643
Total current liabilities	86,101,524	88,128,373
Long-term liabilities
Long-term debt—net of current portion and deferred financing fees	700,715,644	746,354,613
Derivative instruments	69,750	21,647,965
Other long-term liabilities	427,008	447,988
Total long-term liabilities	701,212,402	768,450,566
Total liabilities	787,313,926	856,578,939
Commitments and contingencies
Shareholders' equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding
Common stock, $0.01 par value, 450,000,000 shares authorized, 58,335,007 and 58,057,493 shares issued, 54,967,332 and 56,125,028 shares outstanding (net of treasury stock), as of December 31, 2016 and March 31, 2016, respectively	583,350	580,575
Additional paid-in-capital	851,827,474	848,179,471
Treasury stock, at cost; 3,367,675 and 1,932,465 shares as of December 31, 2016 and March 31, 2016, respectively	(33,897,269)	(20,943,816)
Retained earnings	154,385,922	157,783,007
Total shareholders' equity	972,899,477	985,599,237
Total liabilities and shareholders' equity	$ 1,760,213,403	$ 1,842,178,176