Long-Term Debt (Tables)

9 Months Ended

Dec. 31, 2016

Long-Term Debt

Schedule of loans outstanding

RBS secured bank debt	December 31, 2016		March 31, 2016
Tranche A	$	35,700,000	$	37,400,000
Tranche B		25,570,000		28,127,000
Tranche C		42,140,000		43,967,500
Total RBS secured bank debt	$	103,410,000	$	109,494,500
2015 Debt Facility
Commercial Financing	$	230,977,160	$	241,442,384
KEXIM Direct Financing		181,945,598		194,827,596
KEXIM Guaranteed		179,993,011		192,736,763
K-sure Insured		91,396,155		97,867,129
Total 2015 Debt Facility	$	684,311,924	$	726,873,872
Total debt obligations	$	787,721,924	$	836,368,372
Less: deferred financing fees		21,027,494		23,748,116
Debt obligations—net of deferred financing fees	$	766,694,430	$	812,620,256
Presented as follows:
Current portion of long-term debt	$	65,978,786	$	66,265,643
Long-term debt—net of current portion and deferred financing fees		700,715,644		746,354,613
Total	$	766,694,430	$	812,620,256

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2016	$	23,748,116
Additions		99,785
Amortization		(2,820,407)
Balance, December 31, 2016	$	21,027,494