Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Current assets
Cash and cash equivalents	$ 50,844,921	$ 17,018,552
Trade receivables, net and accrued revenues	206,942	11,030
Prepaid expenses and other receivables	2,021,132	1,903,804
Due from related parties	26,802,209	42,457,000
Inventories	2,542,490	2,580,742
Total current assets	82,417,694	63,971,128
Fixed assets
Vessels, net	1,571,311,420	1,603,469,247
Other fixed assets, net	269,863	317,348
Total fixed assets	1,571,581,283	1,603,786,595
Other non-current assets
Deferred charges, net	1,875,174	1,884,174
Derivative instruments	4,224,541	5,843,368
Due from related parties—non-current	19,800,000	19,800,000
Restricted cash	18,081,836	50,874,146
Other non-current assets	81,616	75,469
Total assets	1,698,062,144	1,746,234,880
Current liabilities
Trade accounts payable	5,922,308	7,075,622
Accrued expenses	5,466,683	5,386,397
Due to related parties	823,486	11,162
Deferred income	7,387,890	7,313,048
Current portion of long-term debt	126,286,358	65,978,785
Total current liabilities	145,886,725	85,765,014
Long-term liabilities
Long-term debt—net of current portion and deferred financing fees	592,497,785	683,985,463
Derivative instruments	99,204
Other long-term liabilities	566,932	482,685
Total long-term liabilities	593,163,921	684,468,148
Total liabilities	739,050,646	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, 58,620,727 and 58,342,201 shares issued, 55,115,380 and 54,974,526 shares outstanding (net of treasury stock), as of September 30, 2017 and March 31, 2017, respectively	586,207	583,422
Additional paid-in-capital	855,671,376	852,974,373
Treasury stock, at cost; 3,505,347 and 3,367,675 shares as of September 30, 2017 and March 31, 2017, respectively	(34,982,171)	(33,897,269)
Retained earnings	137,736,086	156,341,192
Total shareholders' equity	959,011,498	976,001,718
Total liabilities and shareholders' equity	$ 1,698,062,144	$ 1,746,234,880