Vessels, Net (Tables)

12 Months Ended

Mar. 31, 2017

Vessels, Net

Schedule of vessels, net

			Accumulated
	Cost		depreciation		Net book Value
Balance, April 1, 2015	$	439,180,669	$	(19,204,616)	$	419,976,053
Vessels delivered		1,292,872,267		—		1,292,872,267
Other additions		195,272		—		195,272
Disposals		(4,268,279)		429,214		(3,839,065)
Depreciation		—		(41,980,051)		(41,980,051)
Balance, March 31, 2016	$	1,727,979,929	$	(60,755,453)	$	1,667,224,476
Other additions		984,639		—		984,639
Transfers out		(195,273)		—		(195,273)
Depreciation		—		(64,544,595)		(64,544,595)
Balance, March 31, 2017	$	1,728,769,295	$	(125,300,048)	$	1,603,469,247