Long-term Debt (Tables)

6 Months Ended

Sep. 30, 2019

Long-term Debt

Schedule of loans outstanding

	September 30, 2019		March 31, 2019
2015 Debt Facility
Commercial Financing	$	169,536,806	$	175,687,613
KEXIM Direct Financing		118,288,136		125,860,144
KEXIM Guaranteed		122,875,819		130,366,568
K-sure Insured		60,902,547		64,706,170
Total 2015 Debt Facility	$	471,603,308	$	496,620,495
Japanese Financings
Corsair Japanese Financing	$	45,770,833	$	47,395,833
Concorde Japanese Financing		50,346,154		51,961,538
Corvette Japanese Financing		50,884,615		52,500,000
CJNP Japanese Financing		19,782,500		20,506,250
CMNL Japanese Financing		18,761,310		19,446,131
CNML Japanese Financing		20,963,690		21,666,369
Total Japanese Financings	$	206,509,102	$	213,476,121
Total debt obligations	$	678,112,410	$	710,096,616
Less: deferred financing fees		12,566,911		14,005,830
Debt obligations—net of deferred financing fees	$	665,545,499	$	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		601,577,085		632,122,372
Total	$	665,545,499	$	696,090,786

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2019	$	14,005,830
Additions		40,547
Amortization		(1,479,466)
Balance, September 30, 2019	$	12,566,911