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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Mar. 31, 2020
Current assets    
Cash and cash equivalents $ 142,933,974 $ 48,389,688
Restricted cash - current 3,060,568 3,370,178
Short-term investments 14,980,530 14,923,140
Trade receivables, net and accrued revenues 201,126 820,846
Due from related parties 48,212,850 66,847,701
Inventories 2,142,284 1,996,203
Prepaid expenses and other current assets 4,530,590 3,266,999
Total current assets 216,061,922 139,614,755
Fixed assets    
Vessels, net 1,424,522,713 1,437,658,833
Other fixed assets, net 156,313 185,613
Total fixed assets 1,424,679,026 1,437,844,446
Other non-current assets    
Deferred charges, net 7,978,878 7,336,726
Due from related parties-non-current 23,100,000 23,100,000
Restricted cash - non-current 75,035 35,629,261
Operating lease right-of-use assets 24,602,683 26,861,551
Other non-current assets 438,843 1,573,104
Total assets 1,696,936,387 1,671,959,843
Current liabilities    
Trade accounts payable 11,627,716 13,552,796
Accrued expenses 6,241,676 4,080,952
Due to related parties 2,069,241 436,850
Deferred income 1,468,205 2,068,205
Derivative instruments 2,742,980 2,605,442
Current portion of long-term operating lease liabilities 9,307,708 9,212,589
Current portion of long-term debt 53,267,783 53,056,125
Total current liabilities 86,725,309 85,012,959
Long-term liabilities    
Long-term debt-net of current portion and deferred financing fees 594,246,205 581,919,094
Long-term operating lease liabilities 15,297,749 17,651,939
Derivative instruments 9,511,097 9,152,829
Other long-term liabilities 1,203,136 1,170,824
Total long-term liabilities 620,258,187 609,894,686
Total liabilities 706,983,496 694,907,645
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, 59,434,919 and 59,083,290 shares issued, 51,030,637 and 50,827,952 shares outstanding (net of treasury stock), as of June 30, 2020 and March 31, 2020, respectively 594,349 590,833
Additional paid-in-capital 868,736,757 866,809,371
Treasury stock, at cost; 8,404,282 and 8,255,338 shares as of June 30, 2020 and March 31, 2020, respectively (88,382,079) (87,183,865)
Retained earnings 209,003,864 196,835,859
Total shareholders' equity 989,952,891 977,052,198
Total liabilities and shareholders' equity $ 1,696,936,387 $ 1,671,959,843