Long-term Debt (Tables)

9 Months Ended

Dec. 31, 2020

Long-term Debt

Schedule of loans outstanding

	December 31, 2020		March 31, 2020
2015 AR Facility
Commercial Financing	$	155,355,698	$	163,385,998
KEXIM Direct Financing		93,017,799		110,716,127
KEXIM Guaranteed		97,502,342		115,385,072
K-sure Insured		48,113,783		57,098,924
Total 2015 AR Facility	$	393,989,622	$	446,586,121
Japanese Financings
Corsair Japanese Financing	$	41,708,333	$	44,145,833
Concorde Japanese Financing		46,307,692		48,730,769
Corvette Japanese Financing		46,846,154		49,269,231
CJNP Japanese Financing		—		19,058,750
CMNL Japanese Financing		17,049,256		18,076,488
CNML Japanese Financing		19,206,994		20,261,012
Cresques Japanese Financing		49,935,000		—
Total Japanese Financings	$	221,053,429	$	199,542,083
Total debt obligations	$	615,043,051	$	646,128,204
Less: deferred financing fees		11,119,724		11,152,985
Debt obligations—net of deferred financing fees	$	603,923,327	$	634,975,219
Presented as follows:
Current portion of long-term debt	$	51,820,283	$	53,056,125
Long-term debt—net of current portion and deferred financing fees		552,103,044		581,919,094
Total	$	603,923,327	$	634,975,219

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2020	$	11,152,985
Additions		3,972,004
Amortization		(4,005,265)
Balance, December 31, 2020	$	11,119,724