SECURITIES SOLD, NOT YET PURCHASED AT FAIR VALUE
|12 Months Ended|
Mar. 31, 2021
|SECURITIES SOLD, NOT YET PURCHASED AT FAIR VALUE|
|NOTE 15- SECURITIES SOLD, NOT YET PURCHASED||
NOTE 15 - SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE
As of March 31, 2021 and 2020, the Company’s securities sold, not yet purchased - at fair value was $8,592 and $0, respectively.
During the year ended March 31, 2020, the Company sold shares that were not owned by the Company and recognized financial liabilities at fair value in the amount of $3,550 and closed short positions in the amount of $4,377. During the year ended March 31, 2020, the Company recognized a loss on the change in fair value of financial liabilities at fair value in the Consolidated Statements of Operations and Statements of Other Comprehensive Income/(Loss) in the amount of $827.
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.