Annual report pursuant to Section 13 and 15(d)

14. Loans Received

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14. Loans Received
12 Months Ended
Mar. 31, 2018
Loans Receivable, Net [Abstract]  
Loans Received

Company

 

Lender

  March 31, 2018     Interest rate  

Term

 

Maturity date

JSC Freedom Finance   JSC AsiaCreditBank   $ 7,044       7 % 1 year   2/5/2019

FFINEU Investments Limited

 

D-FINANCE Inc.

  $ 99       1 %

1 year

 

12/11/2018

Total       $ 7,143                

 

During the year ended March 31, 2018, the Company received USD denominated loans from JSC AsiaCreditBank in the total amount of $7,031 under a credit line agreement with $9,000 in total available for withdrawal. The Company pledged 2.4 million shares of Kcell with a fair value $12,579 as of March 31, 2018, to collateralize the AsiaCreditBank loan. The D-FINANCE loan is unsecured. As of March 31, 2018, accrued interest on the loans totaled $16.