Annual report pursuant to Section 13 and 15(d)

Brokerage and Other Receivables, Net

v3.20.2
Brokerage and Other Receivables, Net
12 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Brokerage and Other Receivables, Net
   

March 31,

2020

   

March 31,

2019

 
             
Marginal lending receivables   $ 107,770     $ 46,716  
Receivables from brokerage clients     4,396       824  
Receivable from sale of securities     1,498       27,684  
Bank commissions receivable     218       17  
Receivable for underwriting and market-making services     67       88  
Dividends accrued     1       108  
Other receivables     50       25  
                 
Allowance for receivables     (313 )     (1,626 )
                 
Total brokerage and other receivables, net   $ 113,687     $ 73,836  

 

On March 31, 2020 and March 31, 2019, amounts due from a single related party customer were $90,696 and $31,792, respectively or 80% and 43%, respectively of total brokerage and other receivables, net. Based on historical data, the Company considers receivables due from related parties fully collectible. As of March 31, 2020 and 2019, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amount of $313 and $1,626, respectively.