Financial Instruments and Fair Value Disclosures (Tables)

6 Months Ended

Sep. 30, 2017

Financial Instruments and Fair Value Disclosures

Schedule of financial derivatives

		September 30, 2017				March 31, 2017
	Other non-current assets		Long-term liabilities		Other non-current assets		Long-term liabilities
Derivatives not designated as hedging instruments	Derivative instruments		Derivative instruments		Derivative instruments		Derivative instruments
Interest rate swap agreements	$	4,224,541	$	99,204	$	5,843,368	$	—

Schedule of effect of derivative instruments on the consolidated statement of operations

		Three months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	September 30, 2017		September 30, 2016
Interest Rate Swap—Change in fair value	Unrealized gain/(loss) on derivatives	$	652,160	$	6,528,203
Interest Rate Swap—Realized loss	Realized loss on derivatives		(435,920)		(2,333,915)
Gain/(loss) on derivatives, net		$	216,240	$	4,194,288

		Six months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	September 30, 2017		September 30, 2016
Interest Rate Swap—Change in fair value	Unrealized gain/(loss) on derivatives	$	(1,718,031)	$	2,158,344
Interest Rate Swap—Realized loss	Realized loss on derivatives		(1,048,783)		(4,590,703)
Gain/(loss) on derivatives, net		$	(2,766,814)	$	(2,432,359)