Quarterly report pursuant to Section 13 or 15(d)

BROKERAGE AND OTHER RECEIVABLES, NET

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BROKERAGE AND OTHER RECEIVABLES, NET
 3 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Brokerage and Other Receivables, Net BROKERAGE AND OTHER RECEIVABLES, NET
Brokerage and other receivables as of December 31, 2021, and March 31, 2021, consisted of:
December 31, 2021 March 31, 2021
(Recast) (Recast)
Margin lending receivables $ 186,373  $ 43,138 
Receivables from brokerage clients 3,637  3,896 
Long-term installments receivables 1,208  1,280 
Receivable from sale of securities 1,050  484 
Receivable for underwriting and market-making services 812  564 
Bank commissions receivable 337  697 
Dividends accrued 120  1,392 
Bonds coupon receivable —  — 
Other receivables 2,380  48 
Allowance for receivables (1,759) (1,981)
Total brokerage and other receivables, net $ 194,158  $ 49,518 
As of December 31, 2021, and March 31, 2021, amounts due from a single related party customer were $125,799 a $9,866, respectively or 65% and 20% respectively, of total margin lending, brokerage and other receivables, net. Approximately 59% and 83% of these balances were due from Freedom Securities Trading Inc. (formerly known as FFIN Brokerage Services, Inc.) (“FFIN Brokerage”), a company owned by the Company's controlling shareholder, chairman and chief executive officer, Timur Turlov. Based on historical data, the Company considers receivables due from related parties fully collectible. As of December 31, 2021, and March 31, 2021, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amounts of $1,759 and $1,981, respectively.