Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of Goodwill

Balance as of March 31, 2020

 

$ 2,607

 

 

 

 

 

 

Acquisition of Freedom Bank KZ

 

 

1,928

 

Acquisition of Prime Executions

 

 

1,514

 

Acquisition of Zerich

 

 

45

 

Foreign currency translation

 

 

108

 

 

 

 

 

 

Balance as of December 31, 2020

 

$ 6,202

 

Schedule of Statements of Other Comprehensive Income reclassifications:

 

 

For the nine months ended

December 31, 2019

 

STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (as reclassified)

 

As previously

reported

 

 

Reclassified

 

 

As reclassified

 

 

 

 

 

 

 

 

 

 

 

Expense:

 

 

 

 

 

 

 

 

 

Interest expense

 

$ 9,976

 

 

 

(1,362 )

 

$ 8,614

 

Fee and commission expense

 

 

14,068

 

 

 

-

 

 

 

14,068

 

Operating expense

 

 

43,214

 

 

 

1,362

 

 

 

44,576

 

Recovery of impairment losses

 

 

(1,316 )

 

 

-

 

 

 

(1,316 )

Other expense, net

 

 

675

 

 

 

-

 

 

 

675

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL EXPENSE

 

$ 66,617

 

 

 

-

 

 

$ 66,617