RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | |||
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Jul. 31, 2021 |
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
Mar. 31, 2021 |
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Commission income | $ 84,444,000 | $ 41,167,000 | $ 150,416,000 | $ 71,957,000 | ||
Receivables from brokerage | 268,000 | 962,000 | ||||
Margin lending receivables | 216,171,000 | 216,171,000 | $ 9,886,000 | |||
Lending payables | 44,327,000 | 44,327,000 | 13,810,000 | |||
Accounts payable | 240,000 | 240,000 | 339,000 | |||
Customer liabilities | 359,384,000 | 359,384,000 | 327,610,000 | |||
Restricted stock based compensation expense | 385,000 | 0 | 566,000 | 0 | ||
Loans amount | 13,428 | 13,428 | 0 | |||
Percentages of outstanding equity interest | 23.88% | |||||
Sale of Freedom UA shares | $ 416,000 | 416,000 | 416,000 | |||
Commission expenses | 5,245,000 | $ 7,936,000 | 10,527,000 | $ 10,381,000 | ||
Sold of loan | 2,860 | |||||
Purchase of loan | 19,474 | |||||
Brokerage Accounts [Member] | ||||||
Restricted customer cash | 248,371,000 | 248,371,000 | 156,878,000 | |||
Financial liabilities | 1,876,000 | 1,876,000 | 1,707,000 | |||
Cash and cash equivalents | $ 22,890,000 | $ 22,890,000 | $ 12,256,000 |
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- Definition Amount of fees and commissions from financial services and banking activities and correspondent clearing. Includes fees from depositor accounts, credit cards, merchant discounts, and fiduciary and trust activities, guarantee fees, investment advisory, man 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 For entities that provide full or partial financing and servicing for customers supplementary to its major operations (such as a manufacturer or a homebuilder providing and servicing loans to buyers), represents the liabilities associated with such activities, including accounts payable and accrued liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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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- Definition Cash outflows under financing arrangements with vendors (seller-financed debt), which had a maturity date at inception of more than one year (or more than one operating cycle, if longer); such debt may have arisen from purchases of property, plant and equipment or other productive assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A device of credit enhancement where a part of the purchase price for the receivable/ payable is retained to serve as a cash collateral. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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