Annual report pursuant to Section 13 and 15(d)

3. Revision of Financial Statement (Details)

v3.19.2
3. Revision of Financial Statement (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
ASSETS      
Cash and cash equivalents $ 49,960    
Restricted cash 38,460    
Trading securities 167,949    
Available-for-sale securities, at fair value 2    
Brokerage and other receivables, net 73,836    
Loans issued 2,525    
Deferred tax assets 1,265    
Fixed assets, net 5,563    
Intangible assets, net 4,226    
Goodwill 2,936 $ 3,288  
Other assets, net 4,189    
TOTAL ASSETS 350,911    
LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)      
Securities sold, not yet purchased - at fair value 0    
Loans received 4,008    
Debt securities issued 28,538    
Customer liabilities 82,032    
Trade payables 32,695    
Deferred distribution payments 8,534    
Securities repurchase agreement obligations 73,621    
Current income tax liability 754    
Other liabilities 3,132    
TOTAL LIABILITIES 233,314    
STOCKHOLDERS' EQUITY      
Preferred stock 0    
Common stock 58    
Additional paid in capital 99,093    
Retained earnings 41,498    
Accumulated other comprehensive loss (23,052)    
TOTAL STOCKHOLDERS' EQUITY 117,597 127,032 $ 43,887
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 350,911    
Revenue:      
Fee and commission income 44,316    
Net gain on trading securities 20,162    
Interest income 13,925    
Net gain on derivatives 0    
Net (loss)/gain on foreign exchange operations (4,118)    
TOTAL REVENUE, NET 74,285    
Expense:      
Interest expense 14,649    
Fee and commission expense 6,238    
Operating expense 43,134    
Provision for impairment losses 1,498    
Other (income)/expense, net 236    
Loss from disposal of subsidiary 15    
TOTAL EXPENSE 65,770    
NET INCOME BEFORE INCOME TAX 8,515    
Income tax (expense) (1,368)    
NET INCOME 7,147    
OTHER COMPREHENSIVE INCOME/(LOSS)      
Change in unrealized gain on investments available-for-sale, net of tax effect 0    
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect 22    
Foreign currency translation adjustments, net of tax (15,517)    
COMPREHENSIVE INCOME/(LOSS) $ (8,348)    
As Previously Reported      
ASSETS      
Cash and cash equivalents   64,531  
Restricted cash   13,671  
Trading securities   212,319  
Available-for-sale securities, at fair value   2  
Brokerage and other receivables, net   21,109  
Loans issued   8,754  
Deferred tax assets   1,046  
Fixed assets, net   2,362  
Intangible assets, net   0  
Goodwill   1,798  
Other assets, net   4,494  
TOTAL ASSETS   330,086  
LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)      
Securities sold, not yet purchased - at fair value   1,135  
Loans received   7,143  
Debt securities issued   10,840  
Customer liabilities   21,855  
Trade payables   8,998  
Deferred distribution payments   8,534  
Securities repurchase agreement obligations   154,775  
Deferred income tax liabilities   387  
Other liabilities   1,319  
TOTAL LIABILITIES   214,986  
STOCKHOLDERS' EQUITY      
Preferred stock   0  
Common stock   58  
Additional paid in capital   87,049  
Retained earnings   35,387  
Accumulated other comprehensive loss   (7,394)  
TOTAL STOCKHOLDERS' EQUITY   115,100  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   330,086  
Revenue:      
Fee and commission income   10,796  
Net gain on trading securities   33,746  
Interest income   8,184  
Net gain on derivatives   643  
Net gain on sale of fixed assets   5  
Net (loss)/gain on foreign exchange operations   1,850  
TOTAL REVENUE, NET   55,224  
Expense:      
Interest expense   14,244  
Fee and commission expense   2,066  
Operating expense   18,927  
Provision for impairment losses   0  
Other (income)/expense, net   275  
TOTAL EXPENSE   35,512  
NET INCOME BEFORE INCOME TAX   19,712  
Income tax (expense)   (479)  
NET INCOME   19,233  
OTHER COMPREHENSIVE INCOME/(LOSS)      
Change in unrealized gain on investments available-for-sale, net of tax effect   0  
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect   0  
Foreign currency translation adjustments, net of tax   (457)  
COMPREHENSIVE INCOME/(LOSS)   18,776  
Revision      
ASSETS      
Cash and cash equivalents   1,200  
Restricted cash   8,291  
Trading securities   276  
Available-for-sale securities, at fair value   238  
Brokerage and other receivables, net   3,776  
Loans issued   0  
Deferred tax assets   (274)  
Fixed assets, net   48  
Intangible assets, net   5,692  
Goodwill   1,490  
Other assets, net   79  
TOTAL ASSETS   20,816  
LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)      
Securities sold, not yet purchased - at fair value   0  
Loans received   0  
Debt securities issued   382  
Customer liabilities   8,817  
Trade payables   15  
Deferred distribution payments   0  
Securities repurchase agreement obligations   0  
Deferred income tax liabilities   (387)  
Other liabilities   57  
TOTAL LIABILITIES   8,884  
STOCKHOLDERS' EQUITY      
Preferred stock   0  
Common stock   0  
Additional paid in capital   13,131  
Retained earnings   (1,036)  
Accumulated other comprehensive loss   (163)  
TOTAL STOCKHOLDERS' EQUITY   11,932  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   20,816  
Revenue:      
Fee and commission income   1,378  
Net gain on trading securities   481  
Interest income   651  
Net gain on derivatives   0  
Net gain on sale of fixed assets   (5)  
Net (loss)/gain on foreign exchange operations   28  
TOTAL REVENUE, NET   2,533  
Expense:      
Interest expense   491  
Fee and commission expense   222  
Operating expense   2,773  
Provision for impairment losses   423  
Other (income)/expense, net   (279)  
TOTAL EXPENSE   3,630  
NET INCOME BEFORE INCOME TAX   (1,097)  
Income tax (expense)   61  
NET INCOME   (1,036)  
OTHER COMPREHENSIVE INCOME/(LOSS)      
Change in unrealized gain on investments available-for-sale, net of tax effect   (76)  
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect   54  
Foreign currency translation adjustments, net of tax   (141)  
COMPREHENSIVE INCOME/(LOSS)   (1,199)  
(Recast)      
ASSETS      
Cash and cash equivalents   65,731  
Restricted cash   21,962  
Trading securities   212,595  
Available-for-sale securities, at fair value   240  
Brokerage and other receivables, net   24,885  
Loans issued   8,754  
Deferred tax assets   772  
Fixed assets, net   2,410  
Intangible assets, net   5,692  
Goodwill   3,288 $ 981
Other assets, net   4,573  
TOTAL ASSETS   350,902  
LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)      
Securities sold, not yet purchased - at fair value   1,135  
Loans received   7,143  
Debt securities issued   11,222  
Customer liabilities   30,672  
Trade payables   9,013  
Deferred distribution payments   8,534  
Securities repurchase agreement obligations   154,775  
Current income tax liability   0  
Deferred income tax liabilities   0  
Other liabilities   1,376  
TOTAL LIABILITIES   223,870  
STOCKHOLDERS' EQUITY      
Preferred stock   0  
Common stock   58  
Additional paid in capital   100,180  
Retained earnings   34,351  
Accumulated other comprehensive loss   (7,557)  
TOTAL STOCKHOLDERS' EQUITY   127,032  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   350,902  
Revenue:      
Fee and commission income   12,174  
Net gain on trading securities   34,227  
Interest income   8,835  
Net gain on derivatives   643  
Net gain on sale of fixed assets   0  
Net (loss)/gain on foreign exchange operations   1,878  
TOTAL REVENUE, NET   57,757  
Expense:      
Interest expense   14,735  
Fee and commission expense   2,288  
Operating expense   21,700  
Provision for impairment losses   423  
Other (income)/expense, net   (4)  
Loss from disposal of subsidiary   0  
TOTAL EXPENSE   39,142  
NET INCOME BEFORE INCOME TAX   18,615  
Income tax (expense)   (418)  
NET INCOME   18,197  
OTHER COMPREHENSIVE INCOME/(LOSS)      
Change in unrealized gain on investments available-for-sale, net of tax effect   (76)  
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect   54  
Foreign currency translation adjustments, net of tax   (598)  
COMPREHENSIVE INCOME/(LOSS)   $ 17,577