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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Mar. 31, 2016
Current assets    
Cash and cash equivalents $ 47,321,200 $ 46,411,962
Trade receivables, net and accrued revenues 88,835 107,317
Prepaid expenses and other receivables 2,283,533 2,247,706
Due from related parties 44,573,756 54,504,359
Inventories 2,132,043 2,288,073
Total current assets 96,399,367 105,559,417
Fixed assets    
Vessels, net 1,651,418,843 1,667,224,476
Other fixed assets, net 521,710 591,288
Total fixed assets 1,651,940,553 1,667,815,764
Other non-current assets    
Deferred charges, net 265,015 294,935
Due from related parties—non-current 18,700,000 17,600,000
Restricted cash 50,812,789 50,812,789
Other non-current assets 94,663 95,271
Total assets 1,818,212,387 1,842,178,176
Current liabilities    
Trade accounts payable 6,018,390 6,826,503
Accrued expenses 7,479,144 9,721,477
Due to related parties 592,284 708,210
Deferred income 5,984,104 4,606,540
Current portion of long-term debt 65,978,785 66,265,643
Total current liabilities 86,052,707 88,128,373
Long-term liabilities    
Long-term debt—net of current portion and deferred financing fees 731,833,039 746,354,613
Derivative instruments 26,017,824 21,647,965
Other long-term liabilities 433,048 447,988
Total long-term liabilities 758,283,911 768,450,566
Total liabilities 844,336,618 856,578,939
Commitments and contingencies
Shareholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding
Common stock, $0.01 par value, 450,000,000 shares authorized, 58,314,443 and 58,057,493 shares issued, 55,101,413 and 56,125,028 shares outstanding (net of treasury stock), as of June 30, 2016 and March 31, 2016, respectively 583,145 580,575
Additional paid-in-capital 849,598,537 848,179,471
Treasury stock, at cost; 3,213,030 and 1,932,465 shares as of June 30, 2016 and March 31, 2016, respectively (32,797,799) (20,943,816)
Retained earnings 156,491,886 157,783,007
Total shareholders' equity 973,875,769 985,599,237
Total liabilities and shareholders' equity $ 1,818,212,387 $ 1,842,178,176