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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income/(loss) $ 82,415,867 $ (34,992,330)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 49,450,242 49,133,072
Amortization of financing costs 2,199,487 2,383,918
Unrealized (gain)/loss on derivatives 5,291,504 3,910,190
Stock-based compensation expense 2,848,033 4,187,724
Unrealized foreign currency (gain)/loss, net 68,225 285,938
Other non-cash items, net (1,010,948) 121,397
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 541,623 327,959
Prepaid expenses and other current assets (479,382) (704,832)
Due from related parties (26,880,332) (31,046,174)
Inventories (110,906) (133,650)
Other non-current assets (405,342) (2,560)
Trade accounts payable 1,325,869 (1,015,506)
Accrued expenses and other liabilities (1,265,635) 4,061,128
Due to related parties (478,482) (334,353)
Payments for drydocking costs (3,133,783) (579,711)
Net cash provided by (used in) operating activities 110,376,040 (4,397,790)
Cash flows from investing activities:    
Vessel-related capital expenditures (12,370,273) (2,703,247)
Purchases of investment securities   (499,690)
Proceeds from sale of investment securities 1,503,302  
Payments to acquire other fixed assets (140,323) (1,062)
Net cash used in investing activities (11,007,294) (3,203,999)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings   65,137,500
Repayment of long-term debt borrowings (47,976,310) (114,212,965)
Purchase of treasury stock (15,813,246) (1,238,642)
Financing costs paid (40,547) (628,144)
Net cash used in financing activities (63,830,103) (50,942,251)
Effects of exchange rates on cash and cash equivalents (69,689) (241,508)
Net increase (decrease) in cash, cash equivalents and restricted cash 35,468,954 (58,785,548)
Cash, cash equivalents, and restricted cash at the beginning of the period 66,472,646 129,368,380
Cash, cash equivalents, and restricted cash at the end of the period $ 101,941,600 $ 70,582,832