Brokerage and Other Receivables, Net
|12 Months Ended|
Mar. 31, 2020
|Brokerage and Other Receivables, Net||
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.
The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef