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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Mar. 31, 2018
Current assets    
Cash and cash equivalents $ 34,947,580 $ 103,505,676
Trade receivables, net and accrued revenues 8,203 336,162
Due from related parties 56,826,894 26,880,720
Inventories 2,146,557 2,012,907
Prepaid expenses and other current assets 3,632,923 2,471,415
Total current assets 97,562,157 135,206,880
Fixed assets    
Vessels, net 1,493,150,911 1,539,111,833
Other fixed assets, net 125,007 203,678
Total fixed assets 1,493,275,918 1,539,315,511
Other non-current assets    
Deferred charges, net 1,750,847 1,574,522
Derivative instruments 10,354,709 14,264,899
Due from related parties—non-current 20,900,000 19,800,000
Restricted cash - non-current 35,635,252 25,862,704
Other non-current assets 88,200 85,640
Total assets 1,659,567,083 1,736,110,156
Current liabilities    
Trade accounts payable 5,312,513 6,329,193
Accrued expenses 9,670,170 4,702,808
Due to related parties 11,162 345,515
Deferred income 4,558,683 5,564,557
Current portion of long-term debt 63,968,414 65,067,569
Total current liabilities 83,520,942 82,009,642
Long-term liabilities    
Long-term debt—net of current portion and deferred financing fees 647,362,343 694,035,583
Other long-term liabilities 1,208,060 651,569
Total long-term liabilities 648,570,403 694,687,152
Total liabilities 732,091,345 776,696,794
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, 58,869,711 and 58,640,161 shares issued, 55,177,191 and 55,090,165 shares outstanding (net of treasury stock), as of December 31, 2018 and March 31, 2018, respectively 588,699 586,402
Additional paid-in-capital 862,295,309 858,109,882
Treasury stock, at cost; 3,692,520 and 3,549,996 shares as of December 31, 2018 and March 31, 2018, respectively (36,356,446) (35,223,428)
Retained earnings 100,948,176 135,940,506
Total shareholders' equity 927,475,738 959,413,362
Total liabilities and shareholders' equity $ 1,659,567,083 $ 1,736,110,156