Quarterly report pursuant to Section 13 or 15(d)

Brokerage and Other Receivables, Net

v3.19.3
Brokerage and Other Receivables, Net
6 Months Ended
Sep. 30, 2019
Other Receivables, Net, Current [Abstract]  
Brokerage and Other Receivables, Net
   

September 30,

2019

   

March 31,

2019

 
             
Margin lending receivables   $ 74,440     $ 46,716  
Receivables from purchase or sale of securities     1,768       27,684  
Receivables from brokerage clients     331       824  
Dividends accrued     16       108  
Other receivables     464       130  
                 
Allowance for receivables     (136 )     (1,626 )
                 
Total brokerage and other receivables, net   $ 76,883     $ 73,836  

 

On September 30, 2019 and March 31, 2019, amounts due from a single related party customer were $55,489 and $31,792, respectively or 72% and 43%, respectively of total brokerage and other receivables, net. Based on experience, the Company considers receivables due from related parties fully collectible. As of September 30, 2019 and March 31, 2019, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amount of $136 and $1,626, respectively.