Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Revenues.
Net pool revenues—related party	$ 28,475,359	$ 37,659,385
Time charter revenues	12,564,655	12,532,351
Other revenues, net	(14,542)	324,040
Total revenues	41,025,472	50,515,776
Expenses
Voyage expenses	239,445	755,804
Vessel operating expenses	16,885,289	16,095,552
Depreciation and amortization	16,293,158	16,192,745
General and administrative expenses	8,534,909	5,611,310
Total expenses	41,952,801	38,655,411
Other income—related party	633,883	552,901
Operating income/(loss)	(293,446)	12,413,266
Other income/(expenses)
Interest and finance costs	(7,477,734)	(7,038,209)
Interest income	15,816	23,178
Unrealized loss on derivatives	(2,370,191)	(4,369,859)
Realized loss on derivatives	(612,863)	(2,256,788)
Gain on early extinguishment of debt	4,117,364
Foreign currency loss, net	(68,916)	(62,709)
Total other income/(expenses), net	(6,396,524)	(13,704,387)
Net loss	$ (6,689,970)	$ (1,291,121)
Loss per common share – basic (in dollars per share)	$ (0.12)	$ (0.02)
Loss per common share – diluted (in dollars per share)	$ (0.12)	$ (0.02)