Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Current assets
Cash and cash equivalents	$ 35,363,045	$ 17,018,552
Trade receivables, net and accrued revenues	2,730	11,030
Prepaid expenses and other receivables	2,688,092	1,903,804
Due from related parties	37,441,188	42,457,000
Inventories	2,458,407	2,580,742
Total current assets	77,953,462	63,971,128
Fixed assets
Vessels, net	1,587,588,137	1,603,469,247
Other fixed assets, net	246,628	317,348
Total fixed assets	1,587,834,765	1,603,786,595
Other non-current assets
Deferred charges, net	1,900,452	1,884,174
Derivative instruments	3,883,944	5,843,368
Due from related parties—non-current	19,800,000	19,800,000
Restricted cash	18,075,146	50,874,146
Other non-current assets	78,879	75,469
Total assets	1,709,526,648	1,746,234,880
Current liabilities
Trade accounts payable	4,451,775	7,075,622
Accrued expenses	6,412,584	5,386,397
Due to related parties	33,212	11,162
Deferred income	7,610,612	7,313,048
Current portion of long-term debt	45,658,482	65,978,785
Total current liabilities	64,166,665	85,765,014
Long-term liabilities
Long-term debt—net of current portion and deferred financing fees	674,665,830	683,985,463
Derivative instruments	410,767
Other long-term liabilities	532,323	482,685
Total long-term liabilities	675,608,920	684,468,148
Total liabilities	739,775,585	770,233,162
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, 58,610,665 and 58,342,201 shares issued, 55,105,318 and 54,974,526 shares outstanding (net of treasury stock), as of June 30, 2017 and March 31, 2017, respectively	586,107	583,422
Additional paid-in-capital	854,495,905	852,974,373
Treasury stock, at cost; 3,505,347 and 3,367,675 shares as of June 30, 2017 and March 31, 2017, respectively	(34,982,171)	(33,897,269)
Retained earnings	149,651,222	156,341,192
Total shareholders' equity	969,751,063	976,001,718
Total liabilities and shareholders' equity	$ 1,709,526,648	$ 1,746,234,880