Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 17,018,552	$ 46,411,962
Trade receivables, net and accrued revenues	11,030	107,317
Prepaid expenses and other receivables	1,903,804	2,247,706
Due from related parties	42,457,000	54,504,359
Inventories	2,580,742	2,288,073
Total current assets	63,971,128	105,559,417
Fixed assets
Vessels, net	1,603,469,247	1,667,224,476
Other fixed assets, net	317,348	591,288
Total fixed assets	1,603,786,595	1,667,815,764
Other non-current assets
Deferred charges, net	1,884,174	294,935
Derivative instruments	5,843,368
Due from related parties—non-current	19,800,000	17,600,000
Restricted cash	50,874,146	50,812,789
Other non-current assets	75,469	95,271
Total assets	1,746,234,880	1,842,178,176
Current liabilities
Trade accounts payable	7,075,622	6,826,503
Accrued expenses	5,386,397	9,721,477
Due to related parties	11,162	708,210
Deferred income	7,313,048	4,606,540
Current portion of long-term debt	65,978,785	66,265,643
Total current liabilities	85,765,014	88,128,373
Long-term liabilities
Long-term debt—net of current portion and deferred financing fees	683,985,463	746,354,613
Derivative instruments		21,647,965
Other long-term liabilities	482,685	447,988
Total long-term liabilities	684,468,148	768,450,566
Total liabilities	770,233,162	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, 58,342,201 and 58,057,493 shares issued, 54,974,526 and 56,125,028 shares outstanding (net of treasury stock), as of March 31, 2017 and March 31, 2016, respectively	583,422	580,575
Additional paid-in-capital	852,974,373	848,179,471
Treasury stock, at cost; 3,367,675 and 1,932,465 shares as of March 31, 2017 and March 31, 2016, respectively	(33,897,269)	(20,943,816)
Retained earnings	156,341,192	157,783,007
Total shareholders' equity	976,001,718	985,599,237
Total liabilities and shareholders' equity	$ 1,746,234,880	$ 1,842,178,176