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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income/(loss) $ 46,786,955 $ (28,773,678)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 32,739,839 32,702,709
Amortization of financing costs 1,479,466 1,597,214
Unrealized (gain)/loss on derivatives 6,737,899 (2,759,076)
Stock-based compensation expense 2,196,527 2,957,399
Unrealized foreign currency (gain)/loss, net 150,136 160,216
Other non-cash items, net (619,937) 46,576
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 129,833 327,959
Prepaid expenses and other current assets (289,615) (270,499)
Due from related parties (24,620,959) (16,595,210)
Inventories (210,334) (133,928)
Other non-current assets (765,940) (3,979)
Trade accounts payable 334,806 1,025,472
Accrued expenses and other liabilities (1,663,353) 1,085,801
Due to related parties (451,826) (334,353)
Payments for drydocking costs (1,129,168) (281,366)
Net cash provided by (used in) operating activities 60,804,329 (9,248,743)
Cash flows from investing activities:    
Vessel-related capital expenditures (4,144,490) (1,144,400)
Payments to acquire other fixed assets (132,505) (15,183)
Net cash used in investing activities (4,276,995) (1,159,583)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings   65,137,500
Repayment of long-term debt borrowings (31,984,207) (98,220,882)
Purchase of treasury stock (7,237,403) (1,238,642)
Financing costs paid (22,503) (628,144)
Net cash used in financing activities (39,244,113) (34,950,168)
Effects of exchange rates on cash and cash equivalents (87,173) (129,709)
Net increase (decrease) in cash, cash equivalents and restricted cash 17,196,048 (45,488,203)
Cash, cash equivalents, and restricted cash at the beginning of the period 66,472,646 129,368,380
Cash, cash equivalents, and restricted cash at the end of the period $ 83,668,694 $ 83,880,177