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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Revenues.      
Revenues $ 158,032,485 $ 159,334,760 $ 167,447,171
Expenses      
Voyage expenses 1,697,883 2,213,773 2,965,978
Charter hire expenses 237,525    
Vessel operating expenses 66,880,568 64,312,644 66,108,062
Depreciation and amortization 65,201,151 65,329,951 65,057,487
General and administrative expenses 24,434,246 26,186,332 21,732,864
Professional and legal fees related to the BW Proposal 10,022,747    
Total expenses 168,474,120 158,042,700 155,864,391
Other income-related party 2,479,599 2,549,325 2,410,542
Operating income/(loss) (7,962,036) 3,841,385 13,993,322
Other income/(expenses)      
Interest and finance costs 40,649,231 35,658,045 28,971,942
Interest income 1,755,259 440,059 137,556
Unrealized gain/(loss) on derivatives (7,816,401) 8,421,531 27,491,333
Realized gain/(loss) on derivatives 3,788,123 (1,328,886) (13,797,478)
Gain on early extinguishment of debt   4,117,364  
Other loss, net (61,619) (234,094) (294,606)
Total other income/(expenses), net (42,983,869) (24,242,071) (15,435,137)
Net loss $ (50,945,905) $ (20,400,686) $ (1,441,815)
Weighted average shares outstanding basic and diluted (in shares) 54,513,118 54,039,886 54,079,139
Loss per common share—basic and diluted (in dollars per share) $ (0.93) $ (0.38) $ (0.03)
Net pool revenue - related party      
Revenues.      
Revenues $ 120,015,771 $ 106,958,576 $ 115,753,153
Time charter revenue      
Revenues.      
Revenues 37,726,214 50,176,166 49,474,510
Voyage charter revenue      
Revenues.      
Revenues   2,068,491 1,296,952
Other revenues, net      
Revenues.      
Revenues $ 290,500 $ 131,527 $ 922,556