Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net loss	$ (28,773,678)	$ (18,605,106)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:
Depreciation and amortization	32,702,709	32,757,865
Amortization of financing costs	1,597,214	2,898,375
Unrealized (gain)/loss on derivatives	(2,759,076)	1,718,031
Stock-based compensation expense	2,957,399	2,699,788
Gain on early extinguishment of debt		(4,117,364)
Unrealized foreign currency (gain)/loss, net	160,216	(201,649)
Other non-cash items	46,576	31,920
Changes in operating assets and liabilities
Trade receivables, net and accrued revenue	327,959	(195,912)
Prepaid expenses and other receivables	(270,499)	(117,328)
Due from related parties	(16,595,210)	15,654,791
Inventories	(133,928)	38,252
Other non-current assets	(3,979)	(6,147)
Trade accounts payable	1,025,472	(1,011,069)
Accrued expenses and other liabilities	1,085,801	384,106
Due to related parties	(334,353)	812,324
Payments for drydocking costs	(281,366)	(419,958)
Net cash provided by/(used in) operating activities	(9,248,743)	32,320,919
Cash flows from investing activities:
Vessel-related capital expenditures	(1,144,400)	(297,534)
Payments to acquire other fixed assets	(15,183)	(88,447)
Net cash used in investing activities	(1,159,583)	(385,981)
Cash flows from financing activities:
Proceeds from long-term debt borrowings	65,137,500	97,000,000
Repayment of long-term debt borrowings	(98,220,882)	(124,121,733)
Purchase of treasury stock	(1,238,642)	(1,084,902)
Financing costs paid	(628,144)	(2,832,856)
Payments relating to issuance costs		(10,710)
Net cash used in financing activities	(34,950,168)	(31,050,201)
Effects of exchange rates on cash and cash equivalents	(129,709)	149,322
Net increase (decrease) in cash, cash equivalents and restricted cash	(45,488,203)	1,034,059
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	$ 83,880,177	$ 68,926,757

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The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585

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- Definition

The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

+ References

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- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

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