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Fair Value Measurements (Tables)
6 Months Ended 12 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Fair Value Disclosures [Abstract]    
Summary of Fair Value of Freestanding Derivative
     Fair Values of Derivative Financial
Instruments Asset (Liability)
 
Derivative financial instruments not designated as
hedging instruments:
   Balance Sheet
Location
     September 30,
2019
     March 31,
2019
 

Freestanding Option

    
Dividend
receivable
 
 
   $ 34,547      $ 81,264  

The following table summarizes the fair value of the freestanding derivative at March 31, 2019 and 2018:

 

    Fair Values of Derivative Financial Instruments
Asset (Liability)
 
Derivative financial instruments not designated as hedging instruments:   Balance
Sheet
Location
    March 31,
2019
    March 31,
2018
 

Freestanding Option

   
Dividend
receivable
 
 
  $ 81,264     $ 59,116  
    $ 81,264     $ 59,116  
Reconciliation of Fair Value Derivative Using Unobservable Inputs
     Six Months Ended
September 30,
 
     2019      2018  

Balance at beginning of period

   $ 81,264      $ 59,116  

Increase in fair value based on ASC 505 equity-based compensation

     —          8,269  

Settlements due to exercise of awards

     (1,324      (744

Change in fair value of equity-based awards

     (45,393      —    
  

 

 

    

 

 

 

Balance at end of period

   $ 34,547      $ 66,641  
  

 

 

    

 

 

 

The following table presents a reconciliation of the fair value of the derivative for which the Company uses significant unobservable inputs:

 

     Year Ended
March 31, 2019
     Year Ended
March 31, 2018
     Period from
June 17, 2016
(inception) to
March 31, 2017
 

Balance at beginning of period

   $ 59,116      $ 39,724      $ —    

Receipt of derivative upon contribution of assets to the Joint Venture

     —          —          39,724  

Increase in fair value based on ASC 505 equity-based compensation

     20,135        24,700        —    

Settlements due to exercise of awards

     (1,297      (5,308      —    

Change in fair value following the performance completion date

     3,310        —          —    

Balance at end of period

   $ 81,264      $ 59,116      $ 39,724  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

Description

   Balance at
September 30,
2019
     Quoted in
Markets
Identical
(Level 1)
     Significant Other
Observable Inputs
(Level 2)
     Significant
Unobservable Inputs
(Level 3)
 

Other Investments (see Note 11)

   $ 274,391      $ —        $ 274,391      $ —    

Dividend Receivable

     34,547        —          —          34,547  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 308,938      $ —        $ 274,391      $ 34,547  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

Description

   Balance at
March 31,
2019
     Quoted in
Markets
Identical
(Level 1)
     Significant Other
Observable Inputs
(Level 2)
     Significant
Unobservable Inputs
(Level 3)
 

Other Investments (see Note 11)

   $ —        $ —        $ —        $ —    

Dividend Receivable

     81,264        —          —          81,264  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 81,264      $ —        $ —        $ 81,264