5. Vessels, Net


			Accumulated
	Cost		depreciation		Net book Value
Balance, April 1, 2017	$	1,728,769,295	$	(125,300,048)	$	1,603,469,247
Other additions		218,685		—		218,685
Depreciation		—		(16,099,795)		(16,099,795)
Balance, June 30, 2017	$	1,728,987,980	$	(141,399,843)	$	1,587,588,137

Additions to vessels, net were largely due to capital improvements made to one of our VLGCs during the three months ended June 30, 2017. Vessels, with a total carrying value of $1,587.6 million and $1,603.5 million as of June 30, 2017 and March 31, 2017, respectively, are first‑priority mortgaged as collateral for our long-term debt facilities (refer to Note 6 below). No impairment loss was recorded for the periods presented.