DEBT SECURITIES ISSUED (Details Narrative) - USD ($) |
6 Months Ended | |
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Sep. 30, 2020 |
Mar. 31, 2020 |
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Annual rate | 7.00% | |
Debt securities | $ 1,054,000 | |
Debt securities issued | $ 66,462,000 | $ 72,296,000 |
Debt description | The Company’s debt securities also include $20,496 in the aggregate number of notes of FRHC issued from December 2019 to February 2020. The FRHC notes, denominated in U.S. dollars, have minimum denominations of $100 bear interest at an annual rate of 7.000% and are due in 2022. | |
Debt accrued interest | $ 100 | $ 1,081,000 |
Maximum [Member] | ||
Maturity dates | January 2023 | |
Coupon rates | 1200.00% | |
Minimum [Member] | ||
Maturity dates | May 2021 | |
Coupon rates | 65.00% |
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- Definition Identification of the lender and information about a contractual promise to repay a short-term or long-term obligation, which includes borrowings under lines of credit, notes payable, commercial paper, bonds payable, debentures, and other contractual obligations for payment. This may include rationale for entering into the arrangement, significant terms of the arrangement, which may include amount, repayment terms, priority, collateral required, debt covenants, borrowing capacity, call features, participation rights, conversion provisions, sinking-fund requirements, voting rights, basis for conversion if convertible and remarketing provisions. The description may be provided for individual debt instruments, rational groupings of debt instruments, or by debt in total. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after the effects of master netting arrangements, of securities loaned to entities in exchange for collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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