Long-term Debt (Tables)

3 Months Ended

Jun. 30, 2022

Long-term Debt

Schedule of loans outstanding

	June 30, 2022		March 31, 2022
2015 AR Facility
Commercial Financing	$	71,596,370	$	91,651,888
KEXIM Direct Financing		29,087,824		44,406,733
KEXIM Guaranteed		40,158,551		47,190,358
K-sure Insured		17,814,236		23,132,295
Total 2015 AR Facility	$	158,656,981	$	206,381,274
Japanese Financings
Corsair Japanese Financing	$	36,833,334	$	37,645,833
Concorde Japanese Financing		41,461,538		42,269,231
Corvette Japanese Financing		42,000,000		42,807,692
Cresques Japanese Financing		44,805,000		45,660,000
Cratis Japanese Financing		48,640,000		49,660,000
Copernicus Japanese Financing		48,640,000		49,660,000
Chaparral Japanese Financing		64,093,936		64,662,242
Caravelle Japanese Financing		48,800,000		49,700,000
Cougar Japanese Financing		50,000,000		—
Total Japanese Financings	$	425,273,808	$	382,064,998
BALCAP Facility	$	79,731,035	$	81,574,172
Total debt obligations	$	663,661,824	$	670,020,444
Less: deferred financing fees		6,625,637		7,257,486
Debt obligations—net of deferred financing fees	$	657,036,187	$	662,762,958
Presented as follows:
Current portion of long-term debt	$	51,929,438	$	72,075,571
Long-term debt—net of current portion and deferred financing fees		605,106,749		590,687,387
Total	$	657,036,187	$	662,762,958

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2022	$	7,257,486
Additions		277,198
Amortization		(909,047)
Balance, June 30, 2022	$	6,625,637