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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net loss $ (34,992,330) $ (16,934,691)
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:    
Depreciation and amortization 49,133,072 49,224,187
Amortization of financing costs 2,383,918 4,585,593
Unrealized (gain)/loss on derivatives 3,910,190 (2,053,129)
Stock-based compensation expense 4,187,724 3,977,219
Gain on early extinguishment of debt   (4,117,364)
Unrealized foreign currency (gain)/loss, net 285,938 (141,903)
Other non-cash items 121,397 77,342
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 327,959 (228,360)
Prepaid expenses and other current assets (704,832) (769,410)
Due from related parties (31,046,174) 10,620,942
Inventories (133,650) 561,614
Other non-current assets (2,560) (7,089)
Trade accounts payable (1,015,506) (1,070,331)
Accrued expenses and other liabilities 4,061,128 (2,361,552)
Due to related parties (334,353) 44,660
Payments for drydocking costs (579,711) (461,478)
Net cash provided by/(used in) operating activities (4,397,790) 40,946,250
Cash flows from investing activities:    
Vessel-related capital expenditures (2,703,247) (297,534)
Purchases of investment securities (499,690)  
Payments to acquire other fixed assets (1,062) (5,305)
Net cash used in investing activities (3,203,999) (302,839)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 65,137,500 149,000,000
Repayment of long-term debt borrowings (114,212,965) (168,814,690)
Purchase of treasury stock (1,238,642) (1,084,902)
Financing costs paid (628,144) (3,002,235)
Net cash used in financing activities (50,942,251) (23,901,827)
Effects of exchange rates on cash and cash equivalents (241,508) 81,967
Net increase/(decrease) in cash, cash equivalents and restricted cash (58,785,548) 16,823,551
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 $ 70,582,832 $ 84,716,249