Annual report pursuant to Section 13 and 15(d)

SECURITIES SOLD, NOT YET PURCHASED AT FAIR VALUE

v3.22.1
SECURITIES SOLD, NOT YET PURCHASED AT FAIR VALUE
 12 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE As of March 31, 2022 and 2021, the Company's securities sold, not yet purchased - at fair value was $14,103 and $8,592, respectively.
During the year ended March 31, 2022, the Company sold shares that were not owned by the Company in the amount of $11,478. During the year ended March 31, 2022, the Company recognized a gain on the change in fair value of financial liabilities in the amount of $1,384 in the Consolidated Statements of Operations and Statements of Other Comprehensive Income.
During the year ended March 31, 2021, the Company sold shares that were not owned by the Company and recognized financial liabilities at fair value in the amount of $8,531. During the year ended March 31, 2021, 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 in the amount of $61.
Shares sold that are not owned (also known as 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.