Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues.
Net pool revenues—related party	$ 20,468,380	$ 20,837,311	$ 48,943,739	$ 58,496,696
Time charter revenues	12,507,394	12,465,684	25,072,049	24,998,035
Voyage charter revenues	1,733,247		1,733,247
Other revenues, net	20,000	308,238	5,458	632,278
Total revenues	34,729,021	33,611,233	75,754,493	84,127,009
Expenses
Voyage expenses	1,275,521	466,218	1,514,966	1,222,022
Vessel operating expenses	15,740,438	16,339,345	32,625,727	32,434,897
Depreciation and amortization	16,464,707	16,365,517	32,757,865	32,558,262
General and administrative expenses	5,421,145	5,203,915	13,956,054	10,815,225
Total expenses	38,901,811	38,374,995	80,854,612	77,030,406
Other income—related parties	638,070	552,922	1,271,953	1,105,823
Operating income/(loss)	(3,534,720)	(4,210,840)	(3,828,166)	8,202,426
Other income/(expenses)
Interest and finance costs	(8,602,430)	(7,160,119)	(16,080,164)	(14,198,328)
Interest income	28,226	30,317	44,042	53,495
Unrealized gain/(loss) on derivatives	652,160	6,528,203	(1,718,031)	2,158,344
Realized loss on derivatives	(435,920)	(2,333,915)	(1,048,783)	(4,590,703)
Gain on early extinguishment of debt			4,117,364
Foreign currency (gain)/loss, net	(22,452)	766	(91,368)	(61,943)
Total other income/(expenses), net	(8,380,416)	(2,934,748)	(14,776,940)	(16,639,135)
Net loss	$ (11,915,136)	$ (7,145,588)	$ (18,605,106)	$ (8,436,709)
Loss per common share – basic (in dollars per share)	$ (0.22)	$ (0.13)	$ (0.34)	$ (0.16)
Loss per common share – diluted (in dollars per share)	$ (0.22)	$ (0.13)	$ (0.34)	$ (0.16)