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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (18,605,106) $ (8,436,709)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 32,757,865 32,558,262
Amortization of financing costs 2,898,375 1,893,141
Unrealized (gain)/loss on derivatives 1,718,031 (2,158,344)
Stock-based compensation expense 2,699,788 2,077,804
Gain on early extinguishment of debt (4,117,364)  
Unrealized foreign currency (gain)/loss, net (201,649) 3,557
Other non-cash items 31,920 237,005
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue (195,912) 81,737
Prepaid expenses and other receivables (117,328) (300,917)
Due from related parties 15,654,791 20,993,789
Inventories 38,252 217,435
Other non-current assets (6,147) (13)
Trade accounts payable (1,011,069) (1,075,286)
Accrued expenses and other liabilities 384,106 (1,166,187)
Due to related parties 812,324 (175,422)
Payments for drydocking costs (419,958)  
Net cash provided by operating activities 32,320,919 44,749,852
Cash flows from investing activities:    
Capital expenditures (297,534) (1,351,731)
Restricted cash deposits (7,690)  
Restricted cash released 32,800,000  
Payments to acquire other fixed assets (88,447) (3,095)
Net cash provided by (used in) investing activities 32,406,329 (1,354,826)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 97,000,000  
Repayment of long-term debt borrowings (124,121,733) (33,276,251)
Purchase of treasury stock (1,084,902) (12,853,465)
Financing costs paid (2,832,856) (99,785)
Payments relating to issuance costs (10,710)  
Net cash used in financing activities (31,050,201) (46,229,501)
Effects of exchange rates on cash and cash equivalents 149,322 4,413
Net increase/(decrease) in cash and cash equivalents 33,826,369 (2,830,062)
Cash and cash equivalents at the beginning of the period 17,018,552 46,411,962
Cash and cash equivalents at the end of the period $ 50,844,921 $ 43,581,900