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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net loss $ (16,934,691) $ (3,397,085)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 49,224,187 48,944,183
Amortization of financing costs 4,585,593 2,820,407
Unrealized gain on derivatives (2,053,129) (26,539,650)
Stock-based compensation expense 3,977,219 3,238,940
Gain on early extinguishment of debt (4,117,364)  
Unrealized foreign currency (gain)/loss, net (141,903) 346,165
Other non-cash items 77,342 256,630
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue (228,360) (1,274,994)
Prepaid expenses and other receivables (769,410) 168,632
Due from related parties 10,620,942 27,610,954
Inventories 561,614 (598,164)
Other non-current assets (7,089) 1,854
Trade accounts payable (1,070,331) (1,460,727)
Accrued expenses and other liabilities (2,361,552) (227,353)
Due to related parties 44,660 (151,846)
Payments for drydocking costs (461,478) (533,096)
Net cash provided by operating activities 40,946,250 49,204,850
Cash flows from investing activities:    
Capital expenditures (297,534) (1,755,832)
Restricted cash deposits (11,008,812)  
Restricted cash released 32,800,000  
Payments to acquire other fixed assets (5,305) (7,029)
Net cash provided by/(used in) investing activities 21,488,349 (1,762,861)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 149,000,000  
Repayment of long-term debt borrowings (168,814,690) (48,646,448)
Purchase of treasury stock (1,084,902) (12,953,453)
Financing costs paid (3,002,235) (99,785)
Net cash used in financing activities (23,901,827) (61,699,686)
Effects of exchange rates on cash and cash equivalents 81,967 (314,626)
Net increase/(decrease) in cash and cash equivalents 38,614,739 (14,572,323)
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 $ 55,633,291 $ 31,839,639