7. Brokerage and Other Receivables, Net
|12 Months Ended|
Mar. 31, 2019
|Brokerage and Other Receivables, Net||
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.
The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef