XML 38 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Revenues
12 Months Ended
Mar. 31, 2017
Revenues.  
Revenues

13. Revenues

 

Revenues comprise the following:

 

 

 

 

 

 

 

 

 

 

 

 

    

Year ended

 

 

March 31, 2017

 

March 31, 2016

 

March 31, 2015

Net pool revenues—related party

 

$

115,753,153

 

$

202,918,232

 

$

 —

Time charter revenues

 

 

49,474,510

 

 

38,737,172

 

 

26,098,290

Voyage charter revenues

 

 

1,296,952

 

 

46,194,134

 

 

77,331,934

Other revenues

 

 

922,556

 

 

1,358,291

 

 

698,925

Total revenues

 

$

167,447,171

 

$

289,207,829

 

$

104,129,149

 

Time charter revenue included a profit-sharing element of the time charter agreements of $7.8 million for the year ended March 31, 2015. There was no profit-sharing element of the time charter agreements for the years ended March 31, 2017 and 2016. Other revenue represents income from charterers relating to reimbursement of expenses such as costs for security guards and war risk insurance.