RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) |
3 Months Ended | 12 Months Ended | |
|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Mar. 31, 2020 |
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| Commission income | $ 30,790,000 | $ 19,826,000 | |
| Commission expenses | 2,445,000 | $ 924,000 | |
| Loans issued to related parties | 739,000 | $ 1,477,000 | |
| Bank commission receivables | 8,982,000 | 8,982 | |
| Margin lending receivables | 83,401,000 | 105,892,000 | |
| Receivables from brokerage | 3,611,000 | 3,611 | |
| Accounts payable | 303,000 | 1,879,000 | |
| Lending payables | 32,495,000 | 4,306,000 | |
| Bank Account [Member] | |||
| Customer liabilities | 26,150 | 26,150,000 | |
| Brokerage Accounts [Member] | |||
| Customer liabilities | 579,661,000 | ||
| Restricted customer cash | 12,574,000 | 25,563,000 | |
| Cash and cash equivalents | $ 216,000 | $ 212,000 | |
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- References No definition available.
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- References No definition available.
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- Definition Primarily represents commissions incurred in the period based upon the sale by commissioned employees or third parties of the entity's goods or services, and fees for sales assistance or product enhancements performed by third parties (such as a distribut No definition available.
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Amount due from parties in nontrade transactions, classified as other. No definition available.
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- Definition Amount of cash restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. No definition available.
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- Definition Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow associated with the collection, including prepayments, of loans receivable issued for financing of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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- Details
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