Long-term Debt (Tables)

9 Months Ended

Dec. 31, 2021

Long-term Debt

Schedule of loans outstanding

	December 31, 2021		March 31, 2021
2015 AR Facility
Commercial Financing	$	134,396,466	$	155,205,698
KEXIM Direct Financing		68,911,186		89,474,512
KEXIM Guaranteed		72,958,655		93,997,081
K-sure Insured		35,828,187		46,333,895
Total 2015 AR Facility	$	312,094,494	$	385,011,186
Japanese Financings
Corsair Japanese Financing	$	38,458,334	$	40,895,833
Concorde Japanese Financing		43,076,923		45,500,000
Corvette Japanese Financing		43,615,385		46,038,462
CMNL/CJNP Japanese Financing		—		16,706,845
CNML Japanese Financing		17,801,637		18,855,655
Cresques Japanese Financing		46,515,000		49,080,000
Total Japanese Financings	$	189,467,279	$	217,076,795
BALCAP Facility	$	83,400,000	$	—
Total debt obligations	$	584,961,773	$	602,087,981
Less: deferred financing fees		8,693,950		10,615,937
Debt obligations—net of deferred financing fees	$	576,267,823	$	591,472,044
Presented as follows:
Current portion of long-term debt	$	69,530,028	$	51,820,283
Long-term debt—net of current portion and deferred financing fees		506,737,795		539,651,761
Total	$	576,267,823	$	591,472,044

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2021	$	10,615,937
Additions		1,310,639
Amortization		(3,232,626)
Balance, December 31, 2021	$	8,693,950