Financial Instruments and Fair Value Disclosures (Tables)

9 Months Ended

Dec. 31, 2017

Financial Instruments and Fair Value Disclosures

Schedule of financial derivatives

		December 31, 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	$	7,896,497	$	—	$	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	December 31, 2017		December 31, 2016
Interest Rate Swap—Change in fair value	Unrealized gain on derivatives	$	3,771,160	$	24,381,306
Interest Rate Swap—Realized loss	Realized loss on derivatives		(369,941)		(8,390,014)
Gain/(loss) on derivatives, net		$	3,401,219	$	15,991,292

		Nine months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	December 31, 2017		December 31, 2016
Interest Rate Swap—Change in fair value	Unrealized gain on derivatives	$	2,053,129	$	26,539,650
Interest Rate Swap—Realized loss	Realized loss on derivatives		(1,418,724)		(12,980,717)
Gain/(loss) on derivatives, net		$	634,405	$	13,558,933