Long-Term Debt (Tables)

6 Months Ended

Sep. 30, 2018

Long-Term Debt

Schedule of loans outstanding

	September 30, 2018		March 31, 2018
2015 Debt Facility
Commercial Financing	$	181,838,421	$	187,989,229
KEXIM Direct Financing		133,432,153		141,004,162
KEXIM Guaranteed		137,857,316		145,348,064
K-sure Insured		68,509,793		72,313,416
Total 2015 Debt Facility	$	521,637,683	$	546,654,871
Japanese Financings
Corsair Japanese Financing	$	49,020,833	$	50,645,833
Concorde Japanese Financing		53,576,923		55,192,308
Corvette Japanese Financing		54,115,385		55,730,769
CJNP Japanese Financing		21,230,000		—
CMNL Japanese Financing		20,130,942		—
CNML Japanese Financing		22,369,038		—
Total Japanese Financings	$	220,443,121	$	161,568,910
2017 Bridge Loan	$	—	$	66,940,405
Total debt obligations	$	742,080,804	$	775,164,186
Less: deferred financing fees		15,544,668		16,061,034
Debt obligations—net of deferred financing fees	$	726,536,136	$	759,103,152
Presented as follows:
Current portion of long-term debt	$	63,968,414	$	65,067,569
Long-term debt—net of current portion and deferred financing fees		662,567,722		694,035,583
Total	$	726,536,136	$	759,103,152

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2018	$	16,061,034
Additions		1,080,848
Amortization		(1,597,214)
Balance, September 30, 2018	$	15,544,668