Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash

v3.19.2
Restricted Cash
3 Months Ended
Jun. 30, 2019
Restricted Cash [Abstract]  
Restricted Cash

As of June 30, 2019 and March 31, 2019, the Company’s restricted cash consisted of deferred distribution payments, cash segregated in a special custody account for the exclusive benefit of our brokerage customers and required reserves with the Central Bank of the Russian Federation which represents cash on hand balance requirements. The deferred distribution payment amount is a reserve held for distribution to shareholders who have not yet claimed their distributions from the 2011 sale of the Company’s oil and gas exploration and production operations of $8,534. This distribution is currently payable, subject to the entitled shareholders completing and submitting to the Company the necessary documentation to claim his, her or its distribution payments. The Company has no control over when, or if, any entitled shareholder will submit the necessary documentation to claim his, her, or its distribution payment.

  

Restricted cash consisted of:

 

   

June 30,

2019

   

March 31,

2019

 
             
Brokerage customers’ cash   $ 32,622     $ 28,931  
Deferred distribution payments     8,534       8,534  
Reserve with Central Bank of Russia     671       732  
Guaranty deposits     610       263  
Total restricted cash   $ 42,437     $ 38,460