Long-Term Debt (Tables)

9 Months Ended

Dec. 31, 2018

Long-Term Debt

Schedule of loans outstanding

	December 31, 2018		March 31, 2018
2015 Debt Facility
Commercial Financing	$	178,763,017	$	187,989,229
KEXIM Direct Financing		129,646,149		141,004,162
KEXIM Guaranteed		134,111,942		145,348,064
K-sure Insured		66,607,981		72,313,416
Total 2015 Debt Facility	$	509,129,089	$	546,654,871
Japanese Financings
Corsair Japanese Financing	$	48,208,333	$	50,645,833
Concorde Japanese Financing		52,769,231		55,192,308
Corvette Japanese Financing		53,307,692		55,730,769
CJNP Japanese Financing		20,868,125		—
CMNL Japanese Financing		19,788,542		—
CNML Japanese Financing		22,017,708		—
Total Japanese Financings	$	216,959,631	$	161,568,910
2017 Bridge Loan	$	—	$	66,940,405
Total debt obligations	$	726,088,720	$	775,164,186
Less: deferred financing fees		14,757,963		16,061,034
Debt obligations—net of deferred financing fees	$	711,330,757	$	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		647,362,343		694,035,583
Total	$	711,330,757	$	759,103,152

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2018	$	16,061,034
Additions		1,080,847
Amortization		(2,383,918)
Balance, December 31, 2018	$	14,757,963