Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities    
Net income $ 22,530  
Adjustments to reconcile net income used in operating activities    
Depreciation and amortization 198  
Change in deferred taxes 672  
Stock compensation expense 792  
Unrealized gain on trading securities (19,542)  
Net gain on derivative (490)  
Changes in operating assets and liabilities:    
Trading securities (105,258)  
Brokerage and other receivables (2,161)  
Loans issued (185)  
Other assets (2,532)  
Customer liabilities 6,215  
Current income tax liability (144)  
Trade payables 1,381  
Securities repurchase agreement obligation 85,814  
Other liabilities 602  
Net cash flows used in operating activities (12,108)  
Cash Flows From Investing Activities    
Purchase of fixed assets (1,125)  
Acquisition of Freedom UA, net of cash received 432  
Proceeds from sale of fixed assets 8  
Acquisition of FFIN Bank 0  
Proceeds on sale of investments available-for-sale 0  
Net cash flows used in investing activities (685)  
Cash Flows From Financing Activities    
Proceeds from issuance of debt securities 9,853  
Repurchase of debt securities (2,449)  
Proceeds from issuance of common stock 0  
Proceeds from private placement 11,045  
Capital contributions 8,594  
Net cash flows from financing activities 27,043  
Effect of changes in foreign exchange rates on cash and cash equivalents (630)  
NET CHANGE IN CASH AND CASH EQUIVALENTS 13,620  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 35,365  
CASH AND CASH EQUIVALENTS, END OF PERIOD 48,985  
Supplemental disclosure of cash flow information:    
Cash paid for interest 8,467  
Income tax paid 583  
Non-cash investing and financing activities:    
Common stock issued for acquisition of Freedom UA 1,485  
Assets received from acquisition of Freedom UA 1,229  
Liabilities assumed from acquisition of Freedom UA $ 176  
(Recast)    
Cash Flows From Operating Activities    
Net income [1]   $ 390
Adjustments to reconcile net income used in operating activities    
Depreciation and amortization [1]   156
Change in deferred taxes [1]   (974)
Stock compensation expense [1]   0
Unrealized gain on trading securities [1]   (2,837)
Net gain on derivative [1]   0
Changes in operating assets and liabilities:    
Trading securities [1]   (32,179)
Brokerage and other receivables [1]   (236)
Loans issued [1]   21
Other assets [1]   (7)
Customer liabilities [1]   2,278
Current income tax liability [1]   (50)
Trade payables [1]   64
Securities repurchase agreement obligation [1]   27,121
Other liabilities [1]   (91)
Net cash flows used in operating activities [1]   (6,344)
Cash Flows From Investing Activities    
Purchase of fixed assets [1]   (145)
Acquisition of Freedom UA, net of cash received [1]   0
Proceeds from sale of fixed assets [1]   13
Acquisition of FFIN Bank [1]   (2,771)
Proceeds on sale of investments available-for-sale [1]   140
Net cash flows used in investing activities [1]   (2,763)
Cash Flows From Financing Activities    
Proceeds from issuance of debt securities [1]   6,618
Repurchase of debt securities [1]   (2,425)
Proceeds from issuance of common stock [1]   6,574
Proceeds from private placement [1]   0
Capital contributions [1]   368
Net cash flows from financing activities [1]   11,135
Effect of changes in foreign exchange rates on cash and cash equivalents [1]   2,182
NET CHANGE IN CASH AND CASH EQUIVALENTS [1]   4,210
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD [1]   19,380
CASH AND CASH EQUIVALENTS, END OF PERIOD [1]   23,590
Supplemental disclosure of cash flow information:    
Cash paid for interest [1]   2,287
Income tax paid [1]   124
Non-cash investing and financing activities:    
Common stock issued for acquisition of Freedom UA [1]   0
Assets received from acquisition of Freedom UA [1]   0
Liabilities assumed from acquisition of Freedom UA [1]   $ 0
[1] See Notes 1 and 3 for information regarding recast amounts and basis of financial statement presentation.