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Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Mar. 31, 2017
Current assets    
Cash and cash equivalents $ 103,505,676 $ 17,018,552
Trade receivables, net and accrued revenues 336,162 11,030
Prepaid expenses and other receivables 2,471,415 1,903,804
Due from related parties 26,880,720 42,457,000
Inventories 2,012,907 2,580,742
Total current assets 135,206,880 63,971,128
Fixed assets    
Vessels, net 1,539,111,833 1,603,469,247
Other fixed assets, net 203,678 317,348
Total fixed assets 1,539,315,511 1,603,786,595
Other non-current assets    
Deferred charges, net 1,574,522 1,884,174
Derivative instruments 14,264,899 5,843,368
Due from related parties—non-current 19,800,000 19,800,000
Restricted cash 25,862,704 50,874,146
Other non-current assets 85,640 75,469
Total assets 1,736,110,156 1,746,234,880
Current liabilities    
Trade accounts payable 6,329,193 7,075,622
Accrued expenses 4,702,808 5,386,397
Due to related parties 345,515 11,162
Deferred income 5,564,557 7,313,048
Current portion of long-term debt 65,067,569 65,978,785
Total current liabilities 82,009,642 85,765,014
Long-term liabilities    
Long-term debt—net of current portion and deferred financing fees 694,035,583 683,985,463
Other long-term liabilities 651,569 482,685
Total long-term liabilities 694,687,152 684,468,148
Total liabilities 776,696,794 770,233,162
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, 58,640,161 and 58,342,201 shares issued, 55,090,165 and 54,974,526 shares outstanding (net of treasury stock), as of March 31, 2018 and March 31, 2017, respectively 586,402 583,422
Additional paid-in-capital 858,109,882 852,974,373
Treasury stock, at cost; 3,549,996 and 3,367,675 shares as of March 31, 2018 and March 31, 2017, respectively (35,223,428) (33,897,269)
Retained earnings 135,940,506 156,341,192
Total shareholders' equity 959,413,362 976,001,718
Total liabilities and shareholders' equity $ 1,736,110,156 $ 1,746,234,880