Annual report pursuant to Section 13 and 15(d)

17. Trade Payables

v3.8.0.1
17. Trade Payables
12 Months Ended
Mar. 31, 2018
Accounts Payable [Abstract]  
Trade Payables
   

March 31,

2018

   

March 31,

2017 (Recast)

 
             
Margin lending payable   $ 6,604     $ -  
Trade payable for securities purchased     1,065       -  
Guaranty fee received     709       -  
Payable for acquisition of servers     395       -  
Payables to suppliers of goods and services     151       272  
Related party payable     -       261  
Other     74       7  
                 
Total   $ 8,998     $ 540  

 

During the year ended March 31, 2018, the Company received guaranty fee of $709 pursuant to a reverse repurchase agreement. The agreement specifies that Company has a right to claim a certain amount to be placed as a guaranty fee if the share price of the pledged securities falls significantly from the price as of the date of the transaction. In the event the price of the pledged securities falls further the Company can require an increase in the guaranty fee. The guaranty fee shall be returned by the end of the agreement terms that are ranging from January 25, 2019 to February 1, 2019.