Annual report pursuant to Section 13 and 15(d)

7. Brokerage and Other Receivables, Net

v3.19.2
7. Brokerage and Other Receivables, Net
 12 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Brokerage and Other Receivables, Net

 

    March 31, 2019   March 31, 2018
        (Recast)
Margin lending receivables   $ 46,716     $ 17,276
Receivable from purchase or sale of securities   27,684   6,061
Receivables from brokerage clients   824   710
Dividends accrued   108   -
Receivable for underwriting and market-making services   88   72
Other receivables   25   55
Bank commissions receivable   17   1,016
Bonds coupon receivable   -   119
         
Allowance for receivables   (1,626)   (424)
         
Total brokerage and other receivables, net   $ 73,836   $ 24,885

 

On March 31, 2019 and March 31, 2018, amounts due from a single related party customer were $31,792 or 43% and $6,564 or 26%, respectively. Based on experience, the Company considers receivables due from related parties fully collectible. During the year ended March 31, 2019 and 2018, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amount of $1,626 and $424, respectively.