Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF SHAREHOLDERS??? EQUITY

v3.8.0.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Non-Controlling Interest
Total
Beginning balance, shares at Mar. 31, 2016 [1] 11,213,926          
Beginning balance, amount at Mar. 31, 2016 [1] $ 11 $ 23,937 $ 9,803 $ (11,166) $ 2,826 $ 25,411
Capital contributions [1]   10,722       10,722
Acquisition of FFIN Bank [1]     64   (2,835) (2,771)
Translation difference [1]       4,498   4,498
Available-for-sale securities revaluation [1]       (269)   (269)
Net income [1]     6,287   9 6,296
Ending balance, shares at Mar. 31, 2017 [1] 11,213,926          
Beginning balance, amount at Mar. 31, 2017 [1] $ 11 34,659 16,154 (6,937) 0 43,887
Capital contributions   8,594       8,594
Issuance of shares of common stock in the private placement, shares 9,108,279          
Issuance of shares of common stock in the private placement, amount $ 9 40,435       40,444
Acquisition of Freedom RU, shares 20,665,023          
Acquisition of Freedom RU, amount $ 21 (21)       0
Acquisition of Freedom UA, shares 387,700          
Acquisition of Freedom UA, amount $ 0 1,485       1,485
Acquisition of Freedom CY, shares 12,758,011          
Acquisition of Freedom CY, amount $ 13 (13)       0
Stock based compensation, shares 3,900,000          
Stock based compensation, amount $ 4 1,617       1,621
Debt forgiveness by shareholder   293       293
Fractional shares from reverse stock split, shares 273          
Fractional shares from reverse stock split, amount $ 0         0
Translation difference       (457)   (457)
Net income     19,233     19,233
Ending balance, shares at Mar. 31, 2018 58,033,212          
Beginning balance, amount at Mar. 31, 2018 $ 58 $ 87,049 $ 35,387 $ (7,394) $ 0 $ 115,100
[1] See Notes 1 and 3 for information regarding recast amounts and basis of financial statement presentation.