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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 19,970,903 $ 12,705,955
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,912,013 34,093,127
Amortization of operating lease right-of-use assets 4,742,924 4,559,804
Amortization of financing costs 1,370,929 3,265,563
Unrealized gain on derivatives (1,148,724) (3,472,880)
Stock-based compensation expense 1,937,378 2,337,623
Gain on disposal of vessel (3,466,210)  
Unrealized foreign currency (gain)/loss, net 166,990 (111,922)
Other non-cash items, net 584,810 (75,418)
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue (145,009) 549,741
Prepaid expenses and other current assets (2,772,407) (2,575,710)
Due from related parties 26,710,137 11,741,010
Inventories 172,148 (178,843)
Other non-current assets (330,691) 1,325,146
Operating lease liabilities-current and long-term (4,752,052) (4,560,428)
Trade accounts payable (256,884) 774,474
Accrued expenses and other liabilities (292,299) (385,279)
Due to related parties (80,369) (177,387)
Payments for drydocking costs (2,633,424) (3,110,101)
Net cash provided by operating activities 73,690,163 56,704,475
Cash flows from investing activities:    
Payments for vessels under construction and vessel capital expenditures (12,713,099) (7,317,186)
Purchases of investment securities (2,250,681) (230,841)
Proceeds from sale of investment securities 3,742,429  
Proceeds from maturity of short-term investments   15,000,000
Proceeds from disposal of vessel 43,423,787  
Payments to acquire other fixed assets   (11,566)
Net cash provided by investing activities 32,202,436 7,440,407
Cash flows from financing activities:    
Proceeds from long-term debt borrowings   55,378,172
Repayment of long-term debt borrowings (25,910,141) (55,173,254)
Repurchase of common stock (20,868,757) (2,617,805)
Financing costs paid (68,604) (3,695,105)
Dividend paid (40,207,344)  
Net cash used in financing activities (87,054,846) (6,107,992)
Effects of exchange rates on cash and cash equivalents (63,115) 149,179
Net increase in cash, cash equivalents, and restricted cash 18,774,638 58,186,069
Cash, cash equivalents, and restricted cash at the beginning of the period 84,727,199 87,389,127
Cash, cash equivalents, and restricted cash at the end of the period $ 103,501,837 $ 145,575,196