SECURITIES SOLD, NOT YET PURCHASED AT FAIR VALUE
|9 Months Ended|
Dec. 31, 2020
|SECURITIES SOLD, NOT YET PURCHASED AT FAIR VALUE|
|NOTE 12- SECURITIES SOLD, NOT YET PURCHASED||
NOTE 12– SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE
As of December 31, 2020, and March 31, 2020, the Company’s securities sold, not yet purchased at fair value was $9,078 and $0, respectively.
During the nine months ended December 31, 2020, the Company sold shares that were not owned by the Company in the amount of $8,508. During the nine months ended December 31, 2020, the Company recognized a loss on the change in the fair value and foreign exchange of financial liabilities in the amounts of $346 and $224, respectively, in the Condensed Consolidated Statements of Operations and Statements of Other Comprehensive Income.
A short sale involves the sale of a security that is not owned in the expectation of purchasing the same security (or a security exchangeable) at a later date at a lower price. A short sale involves the risk of a theoretically unlimited increase in the market price of the security that would result in a theoretically unlimited loss.
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements
No definition available.