Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS OF SUBSIDIARIES

v3.25.0.1
ACQUISITIONS OF SUBSIDIARIES
 9 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
ACQUISITIONS OF SUBSIDIARIES ACQUISITIONS OF SUBSIDIARIES
Acquisition of SilkNetCom
On September 17, 2024, the Company completed the acquisition of SilkNetCom LLP by purchasing 100% of its participating interest. SilkNetCom LLP specializes in the field of provider services, IT and construction of telecommunications networks in private and public sectors.
The purpose of the acquisition of SilkNetCom LLP was to use the acquired assets and licenses to develop our telecommunications business.
As of September 17, 2024, the date of the acquisition of SilkNetCom LLP, the fair value of the net assets of SilkNetCom LLP was $23,672. The total purchase price was allocated as follows:

As of September 17, 2024
ASSETS
Cash and cash equivalents 54 
Margin lending, brokerage and other receivables, net 7,417 
Fixed assets, net 41,770 
Other assets, net 270 
TOTAL ASSETS 49,511 
LIABILITIES
Margin lending and trade payables 3,519 
Current income tax liability 5 
Other liabilities 22,315 
TOTAL LIABILITIES 25,839 
Net assets acquired 23,672 
Goodwill 208 
Total purchase price 23,880 
Acquisition of EliteCom
On October 17, 2024, the Company completed the acquisition of EliteCom LLP by purchasing 100% of its participating interest. EliteCom LLP provides telecommunications services, including Internet access, telephone services and cable television for individuals (B2C), provision of Internet access services for legal entities (B2B).
The purpose of the acquisition of EliteCom LLP was to use the acquired assets and licenses to develop our telecommunications business.
As of October 17, 2024, the date of the acquisition of EliteCom LLP, the fair value of the net assets of EliteCom LLP was $1,721. The total purchase price was allocated as follows:
As of October 17, 2024
ASSETS
Cash and cash equivalents 38 
Margin lending, brokerage and other receivables, net 84 
Fixed assets, net 1,890 
Intangible assets 674 
Other assets, net 84 
TOTAL ASSETS 2,770 
LIABILITIES
Margin lending and trade payables 24 
Current income tax liability 30 
Other liabilities 995 
TOTAL LIABILITIES 1,049 
Net assets acquired 1,721 
Goodwill 1,298 
Total purchase price 3,019