Annual report pursuant to Section 13 and 15(d)

BROKERAGE AND OTHER RECEIVABLES, NET

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BROKERAGE AND OTHER RECEIVABLES, NET
 12 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
BROKERAGE AND OTHER RECEIVABLES, NET BROKERAGE AND OTHER RECEIVABLES, NET
Brokerage and other receivables, net of the Company are comprised of the following:
March 31, 2022 March 31, 2021
Margin lending receivables $ 349,179  $ 58,095 
Receivables from brokerage clients 4,707  4,199 
Long-term installments receivables 1,367  1,280 
Receivable from sale of securities 884  484 
Bank commissions receivable 709  767 
Receivable for underwriting and market-making services 296  564 
Dividends accrued 45  1,392 
Other receivables 2,987  56 
Allowance for receivables (2,607) (2,036)
Total brokerage and other receivables, net $ 357,567  $ 64,801 
On March 31, 2022 and 2021, amounts due from a single related party customer were $102,680 and $8,948, respectively or 29% and 14% respectively, of total brokerage and other receivables, net. Based on historical data, the Company considers receivables due from related parties fully collectible. As of March 31, 2022 and 2021, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amounts of 2,607 and $2,036, respectively.