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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Mar. 31, 2020
Current assets    
Cash and cash equivalents $ 145,059,032 $ 48,389,688
Restricted cash - current 434,753 3,370,178
Short-term investments   14,919,384
Trade receivables, net and accrued revenues 271,105 820,846
Due from related parties 55,106,691 66,847,701
Inventories 2,175,046 1,996,203
Prepaid expenses and other current assets 6,373,328 3,270,755
Total current assets 209,419,955 139,614,755
Fixed assets    
Vessels, net 1,409,385,592 1,437,658,833
Other fixed assets, net 138,791 185,613
Total fixed assets 1,409,524,383 1,437,844,446
Other non-current assets    
Deferred charges, net 9,396,006 7,336,726
Due from related parties-non-current 23,100,000 23,100,000
Restricted cash - non-current 81,411 35,629,261
Operating lease right-of-use assets 22,330,097 26,861,551
Other non-current assets 247,958 1,573,104
Total assets 1,674,099,810 1,671,959,843
Current liabilities    
Trade accounts payable 12,113,664 13,552,796
Accrued expenses 5,423,768 4,080,952
Due to related parties 259,463 436,850
Deferred income 276,493 2,068,205
Derivative instruments 136,633 2,605,442
Current portion of long-term operating lease liabilities 9,408,049 9,212,589
Current portion of long-term debt 70,155,283 53,056,125
Total current liabilities 97,773,353 85,012,959
Long-term liabilities    
Long-term debt-net of current portion and deferred financing fees 564,343,412 581,919,094
Long-term operating lease liabilities 12,924,909 17,651,939
Derivative instruments 8,148,758 9,152,829
Other long-term liabilities 1,318,204 1,170,824
Total long-term liabilities 586,735,283 609,894,686
Total liabilities 684,508,636 694,907,645
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, 59,450,019 and 59,083,290 shares issued, 50,881,889 and 50,827,952 shares outstanding (net of treasury stock), as of September 30, 2020 and March 31, 2020, respectively 594,500 590,833
Additional paid-in-capital 869,143,327 866,809,371
Treasury stock, at cost; 8,568,130 and 8,255,338 shares as of September 30, 2020 and March 31, 2020, respectively (89,688,467) (87,183,865)
Retained earnings 209,541,814 196,835,859
Total shareholders' equity 989,591,174 977,052,198
Total liabilities and shareholders' equity $ 1,674,099,810 $ 1,671,959,843