Financial Instruments and Fair Value Disclosures (Tables)

9 Months Ended

Dec. 31, 2018

Financial Instruments and Fair Value Disclosures

Schedule of financial derivatives

		December 31, 2018				March 31, 2018
	Other non-current assets		Long-term liabilities		Other non-current assets		Long-term liabilities
Derivatives not designated as hedging instruments	Derivative instruments		Derivative instruments		Derivative instruments		Derivative instruments
Interest rate swap agreements	$	10,354,709	$	—	$	14,264,899	$	—

Schedule of effect of derivative instruments on the consolidated statement of operations

		Three months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	December 31, 2018		December 31, 2017
Interest Rate Swap—Change in fair value	Unrealized gain/(loss) on derivatives	$	(6,669,266)	$	3,771,160
Interest Rate Swap—Realized gain/(loss)	Realized gain/(loss) on derivatives		881,276		(369,941)
Gain/(loss) on derivatives, net		$	(5,787,990)	$	3,401,219

		Nine months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	December 31, 2018		December 31, 2017
Interest Rate Swap—Change in fair value	Unrealized gain/(loss) on derivatives	$	(3,910,190)	$	2,053,129
Interest Rate Swap—Realized gain/(loss)	Realized gain/(loss) on derivatives		2,494,832		(1,418,724)
Gain/(loss) on derivatives, net		$	(1,415,358)	$	634,405

Summary of carrying value and estimated fair value of Japanese Financings

	December 31, 2018				March 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
Corsair Japanese Financing	$	48,208,333	$	46,611,990	$	50,645,833	$	50,645,833
Concorde Japanese Financing		52,769,231		50,680,948		55,192,308		55,192,308
Corvette Japanese Financing		53,307,692		51,164,264		55,730,769		55,730,769
CJNP Japanese Financing		20,868,125		21,428,814		—		—
CMNL Japanese Financing		19,788,542		20,331,022		—		—
CNML Japanese Financing		22,017,708		22,593,937		—		—