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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Mar. 31, 2019
Current assets    
Cash and cash equivalents $ 64,691,247 $ 30,838,684
Restricted cash - current 1,620,000  
Trade receivables, net and accrued revenues 842,495 1,384,118
Due from related parties 69,135,975 44,455,643
Inventories 2,222,543 2,111,637
Derivative instruments 1,590,000  
Prepaid expenses and other current assets 3,721,270 3,798,987
Total current assets 143,823,530 82,589,069
Fixed assets    
Vessels, net 1,447,166,072 1,478,520,314
Other fixed assets, net 214,131 160,283
Total fixed assets 1,447,380,203 1,478,680,597
Other non-current assets    
Deferred charges, net 6,235,920 2,000,794
Derivative instruments 1,033,323 6,448,498
Due from related parties—non-current 22,000,000 19,800,000
Restricted cash - non-current 35,630,353 35,633,962
Other non-current assets 1,729,701 217,097
Total assets 1,657,833,030 1,625,370,017
Current liabilities    
Trade accounts payable 13,761,191 7,212,580
Accrued expenses 5,838,090 3,436,116
Due to related parties 11,162 489,644
Deferred income 2,076,493 4,258,683
Current portion of long-term operating leases 393,523  
Current portion of long-term debt 63,968,414 63,968,414
Total current liabilities 86,048,873 79,365,437
Long-term liabilities    
Long-term debt—net of current portion and deferred financing fees 586,305,003 632,122,372
Derivative instruments 1,466,329  
Other long-term liabilities 1,988,049 1,199,650
Total long-term liabilities 589,759,381 633,322,022
Total liabilities 675,808,254 712,687,459
Commitments and contingencies
Shareholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding
Common stock, $0.01 par value, 450,000,000 shares authorized, 59,078,230 and 58,882,515 shares issued, 53,987,172 and 55,167,708 shares outstanding (net of treasury stock), as of December 31, 2019 and March 31, 2019, respectively 590,783 588,826
Additional paid-in-capital 866,429,768 863,583,692
Treasury stock, at cost; 5,091,058 and 3,714,807 shares as of December 31, 2019 and March 31, 2019, respectively (52,406,243) (36,484,561)
Retained earnings 167,410,468 84,994,601
Total shareholders' equity 982,024,776 912,682,558
Total liabilities and shareholders' equity $ 1,657,833,030 $ 1,625,370,017