Quarterly report pursuant to Section 13 or 15(d)

Customer Liabilities

v3.20.2
Customer Liabilities
3 Months Ended
Jun. 30, 2020
Customer Liabilities  
NOTE 11 - CUSTOMER LIABILITIES

NOTE 11 - CUSTOMER LIABILITIES

 

The Company recognizes customer liabilities associated with funds held by our brokerage and bank customers. Customer liabilities consist of:

 

 

 

June 30,

2020

 

 

March 31,

2020

 

Brokerage customers

 

$ 717,904

 

 

$ 115,922

 

Banking customers

 

 

90,848

 

 

 

52,510

 

Total

 

$ 808,752

 

 

$ 168,432

 

 

As of June 30, 2020, banking customer liabilities consisted of current accounts and deposits of $29,399 and $61,449, respectively. As of March 31, 2020, banking customer liabilities consisted of current accounts and deposits of $25,384 and $27,126, respectively.