Long-term Debt (Tables)

3 Months Ended

Jun. 30, 2019

Long-term Debt

Schedule of loans outstanding

	June 30, 2019		March 31, 2019
2015 Debt Facility
Commercial Financing	$	172,612,210	$	175,687,613
KEXIM Direct Financing		122,074,140		125,860,144
KEXIM Guaranteed		126,621,194		130,366,568
K-sure Insured		62,804,358		64,706,170
Total 2015 Debt Facility	$	484,111,902	$	496,620,495
Japanese Financings
Corsair Japanese Financing	$	46,583,333	$	47,395,833
Concorde Japanese Financing		51,153,846		51,961,538
Corvette Japanese Financing		51,692,308		52,500,000
CJNP Japanese Financing		20,144,375		20,506,250
CMNL Japanese Financing		19,103,720		19,446,131
CNML Japanese Financing		21,315,030		21,666,369
Total Japanese Financings	$	209,992,612	$	213,476,121
Total debt obligations	$	694,104,514	$	710,096,616
Less: deferred financing fees		13,261,559		14,005,830
Debt obligations—net of deferred financing fees	$	680,842,955	$	696,090,786
Presented as follows:
Current portion of long-term debt	$	63,968,414	$	63,968,414
Long-term debt—net of current portion and deferred financing fees		616,874,541		632,122,372
Total	$	680,842,955	$	696,090,786

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2019	$	14,005,830
Amortization		(744,271)
Balance, June 30, 2019	$	13,261,559