Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income/(loss)	$ (1,291,121)	$ 13,652,883
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation and amortization	16,192,745	4,857,427
Amortization of financing costs	948,407	223,740
Unrealized loss/(gain) on derivatives	4,369,859	(1,386,886)
Stock-based compensation expense	1,009,798	896,539
Loss on disposal of assets		105,549
Unrealized exchange differences	88,067	(106,399)
Other non-cash items	20,953	21,182
Changes in operating assets and liabilities
Trade receivables, net and accrued revenue	18,482	15,552,080
Prepaid expenses and other receivables	(35,827)	(46,305)
Due from related parties	8,830,603	(19,890,974)
Inventories	156,030	1,005,092
Other non-current assets	608
Trade accounts payable	(212,475)	505,911
Accrued expenses and other liabilities	(198,144)	1,409,214
Due to related parties	(115,926)	93,754
Net cash provided by operating activities	29,782,059	16,892,807
Cash flows from investing activities:
Payments for vessels and vessels under construction	(1,241,220)	(204,076,675)
Restricted cash deposits		(3,302,789)
Proceeds from disposal of assets		136,660
Payments to acquire other fixed assets	(606)	(191,254)
Net cash used in investing activities	(1,241,826)	(207,434,058)
Cash flows from financing activities:
Proceeds from long-term debt borrowings		127,378,019
Repayment of long-term debt borrowings	(15,657,054)	(2,818,562)
Purchase of treasury stock	(11,853,983)
Financing costs paid	(42,047)	(4,218,263)
Net cash provided by/(used in) financing activities	(27,553,084)	120,341,194
Effects of exchange rates on cash and cash equivalents	(77,911)	94,657
Net increase/(decrease) in cash and cash equivalents	909,238	(70,105,400)
Cash and cash equivalents at the beginning of the period	46,411,962	204,821,183
Cash and cash equivalents at the end of the period	$ 47,321,200	$ 134,715,783

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