Annual report pursuant to Section 13 and 15(d)

BROKERAGE AND OTHER RECEIVABLES, NET

v3.23.1
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
(recast) (recast)
Margin lending receivables $ 138,983  $ 43,138 
Receivables from brokerage clients 4,439  3,896 
Long-term installments receivables 1,367  1,280 
Receivable from sale of securities 884  484 
Bank commissions receivable 598  697 
Receivable for underwriting and market-making services 296  564 
Dividends accrued 45  1,392 
Other receivables 2,975  48 
Allowance for receivables (2,107) (1,981)
Total brokerage and other receivables, net $ 147,480  $ 49,518 
On March 31, 2022 and 2021, amounts due from a single related party customer were $102,669 and $8,948, respectively or 70% 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 $2,107 and $1,981, respectively.