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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Mar. 31, 2018
Current assets    
Cash and cash equivalents $ 48,244,169 $ 103,505,676
Trade receivables, net and accrued revenues 8,203 336,162
Prepaid expenses and other receivables 2,758,407 2,471,415
Due from related parties 42,375,930 26,880,720
Inventories 2,146,835 2,012,907
Total current assets 95,533,544 135,206,880
Fixed assets    
Vessels, net 1,507,941,555 1,539,111,833
Other fixed assets, net 155,637 203,678
Total fixed assets 1,508,097,192 1,539,315,511
Other non-current assets    
Deferred charges, net 1,880,556 1,574,522
Derivative instruments 17,023,975 14,264,899
Due from related parties—non-current 20,900,000 19,800,000
Restricted cash - non-current 35,636,008 25,862,704
Other non-current assets 89,619 85,640
Total assets 1,679,160,894 1,736,110,156
Current liabilities    
Trade accounts payable 7,721,058 6,329,193
Accrued expenses 6,512,098 4,702,808
Due to related parties 11,162 345,515
Deferred income 4,724,985 5,564,557
Current portion of long-term debt 63,968,414 65,067,569
Total current liabilities 82,937,717 82,009,642
Long-term liabilities    
Long-term debt—net of current portion and deferred financing fees 662,567,722 694,035,583
Other long-term liabilities 1,191,390 651,569
Total long-term liabilities 663,759,112 694,687,152
Total liabilities 746,696,829 776,696,794
Commitments and contingencies
Shareholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding
Common stock, $0.01 par value, 450,000,000 shares authorized, 58,859,295 and 58,640,161 shares issued, 55,166,775 and 55,090,165 shares outstanding (net of treasury stock), as of September 30, 2018 and March 31, 2018, respectively 588,595 586,402
Additional paid-in-capital 861,065,088 858,109,882
Treasury stock, at cost; 3,692,520 and 3,549,996 shares as of September 30, 2018 and March 31, 2018, respectively (36,356,446) (35,223,428)
Retained earnings 107,166,828 135,940,506
Total shareholders' equity 932,464,065 959,413,362
Total liabilities and shareholders' equity $ 1,679,160,894 $ 1,736,110,156