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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (20,596,558) $ (6,689,970)
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:    
Depreciation and amortization 16,265,056 16,293,158
Amortization of financing costs 793,212 1,098,827
Unrealized (gain)/loss on derivatives (1,707,616) 2,370,191
Stock-based compensation expense 1,632,538 1,524,217
Gain on early extinguishment of debt   (4,117,364)
Unrealized foreign currency (gain)/loss, net 133,579 (75,142)
Other non-cash items 23,370 15,689
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 325,625 8,300
Prepaid expenses and other receivables (291,354) (784,288)
Due from related parties (7,026,698) 5,015,812
Inventories (819,287) 122,335
Other non-current assets 5,291 (3,410)
Trade accounts payable 1,432,822 (2,511,722)
Accrued expenses and other liabilities (412,057) 516,824
Due to related parties (315,803) 22,050
Payments for drydocking costs (1,405) (395,189)
Net cash provided by/(used in) operating activities (10,559,285) 12,410,318
Cash flows from investing activities:    
Capital expenditures (60,320) (276,396)
Net cash used in investing activities (60,320) (276,396)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 65,137,500 97,000,000
Repayment of long-term debt borrowings (82,228,759) (120,738,340)
Purchase of treasury stock (461,489) (350,279)
Financing costs paid (160,611) (2,541,005)
Net cash used in financing activities (17,713,359) (26,629,624)
Effects of exchange rates on cash and cash equivalents (107,132) 41,195
Net decrease in cash, cash equivalents and restricted cash (28,440,096) (14,454,507)
Cash, cash equivalents, and restricted cash at the beginning of the period 129,368,380 67,892,698
Cash, cash equivalents, and restricted cash at the end of the period $ 100,928,284 $ 53,438,191