TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE (Tables)
|
9 Months Ended |
Dec. 31, 2020 |
|---|
| TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE |
|
| Schedule of trading securities |
|
|
December 31,
2020
|
|
|
March 31,
2020
|
|
|
|
|
|
|
|
|
Debt securities |
|
$ |
286,780 |
|
|
$ |
87,014 |
|
Equity securities |
|
|
57,388 |
|
|
|
69,530 |
|
Exchange traded notes |
|
|
1,145 |
|
|
|
- |
|
Total trading securities |
|
$ |
345,313 |
|
|
$ |
156,544 |
|
|
|
|
|
|
|
|
|
|
Equity securities |
|
$ |
1 |
|
|
$ |
1 |
|
Certificate of deposit |
|
|
- |
|
|
|
5,076 |
|
Mutual investment funds |
|
|
- |
|
|
|
672 |
|
Debt securities |
|
|
- |
|
|
|
405 |
|
Preferred shares |
|
|
- |
|
|
|
284 |
|
Total available-for-sale securities, at fair value |
|
$ |
1 |
|
|
$ |
6,438 |
|
|
| Schedule of Fair Value Measurements of Assets |
|
|
|
|
|
Fair Value Measurements at |
|
|
|
|
|
|
December 31, 2020, using |
|
|
|
|
|
|
Quoted Prices in Active Markets for |
|
|
Significant Other Observable |
|
|
Significant Unobservable |
|
|
|
December 31, |
|
|
Identical Assets |
|
|
Inputs |
|
|
Inputs |
|
|
|
2020 |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities |
|
$ |
286,780 |
|
|
$ |
285,968 |
|
|
$ |
812 |
|
|
$ |
- |
|
Equity securities |
|
|
57,388 |
|
|
|
38,705 |
|
|
|
- |
|
|
|
18,683 |
|
Exchange traded notes |
|
|
1,145 |
|
|
|
1,145 |
|
|
|
- |
|
|
|
- |
|
Total trading securities |
|
$ |
345,313 |
|
|
$ |
325,818 |
|
|
$ |
812 |
|
|
$ |
18,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity securities |
|
$ |
1 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1 |
|
Total available-for-sale securities, at fair value |
|
$ |
1 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1 |
|
|
|
|
|
|
Fair Value Measurements at |
|
|
|
|
|
|
March 31, 2020, using |
|
|
|
March 31, |
|
|
Quoted Prices in Active Markets for Identical Assets |
|
|
Significant Other Observable Inputs |
|
|
Significant Unobservable Inputs |
|
|
|
2020 |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities |
|
$ |
87,014 |
|
|
$ |
87,014 |
|
|
$ |
- |
|
|
$ |
- |
|
Equity securities |
|
|
69,530 |
|
|
|
58,271 |
|
|
|
- |
|
|
|
11,259 |
|
Total trading securities |
|
$ |
156,544 |
|
|
$ |
145,285 |
|
|
$ |
- |
|
|
$ |
11,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity securities |
|
$ |
1 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1 |
|
Debt securities |
|
|
405 |
|
|
|
- |
|
|
|
405 |
|
|
|
- |
|
Certificate of deposit |
|
|
5,076 |
|
|
|
- |
|
|
|
5,076 |
|
|
|
- |
|
Mutual investment funds |
|
|
672 |
|
|
|
672 |
|
|
|
- |
|
|
|
- |
|
Preferred shares |
|
|
284 |
|
|
|
- |
|
|
|
284 |
|
|
|
- |
|
Total available-for-sale securities, at fair value |
|
$ |
6,438 |
|
|
$ |
672 |
|
|
$ |
5,765 |
|
|
$ |
1 |
|
|
| Schedule of Significant unobservable inputs relevant to determination of fair value |
Type |
|
Valuation Technique |
|
FV as of December 31, 2020 |
|
|
FV as of March
31, 2020
|
|
|
Significant Unobservable Inputs |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity securities |
|
DCF |
|
$ |
18,332 |
|
|
$ |
11,259 |
|
|
Discount rate |
|
|
9.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Estimated number of years |
|
9 years |
|
Equity securities |
|
DCF |
|
$ |
351 |
|
|
$ |
- |
|
|
Discount rate |
|
|
18.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Estimated number of years |
|
9 years |
|
|
| Schedule of investments |
|
|
Trading
securities
|
|
|
Available-for-sale securities |
|
Balance as of March 31, 2020 |
|
$ |
11,259 |
|
|
$ |
1 |
|
|
|
|
|
|
|
|
|
|
Sale of investments that use Level 3 inputs |
|
|
(2 |
) |
|
|
- |
|
Purchase of investments that use Level 3 inputs |
|
|
474 |
|
|
|
- |
|
Revaluation of investments that use Level 3 inputs |
|
|
6,952 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2020 |
|
$ |
18,683 |
|
|
$ |
1 |
|
|
|
Trading
securities
|
|
|
Available-for-sale securities |
|
Balance as of March 31, 2019 |
|
$ |
504 |
|
|
$ |
1 |
|
|
|
|
|
|
|
|
|
|
Sale of investments that use Level 3 inputs |
|
|
(497 |
) |
|
|
- |
|
Purchase of investments that use Level 3 inputs |
|
|
10,430 |
|
|
|
- |
|
Revaluation of investments that use Level 3 inputs |
|
|
829 |
|
|
|
- |
|
Foreign currency translation |
|
|
(7 |
) |
|
|
- |
|
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2020 |
|
$ |
11,259 |
|
|
$ |
1 |
|
|
| Fair value of available for sale securities |
|
|
December 31, 2020 |
|
|
|
Assets measured at amortized cost |
|
|
Unrealized loss accumulated in other comprehensive income/(loss) |
|
|
Assets measured at fair value |
|
|
|
|
|
|
|
Equity securities |
|
$ |
1 |
|
|
$ |
- |
|
|
$ |
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2020 |
|
$ |
1 |
|
|
$ |
- |
|
|
$ |
1 |
|
|
|
March 31, 2020 |
|
|
|
Assets measured at amortized cost |
|
|
Unrealized loss accumulated in other comprehensive income/(loss) |
|
|
Assets measured at fair value |
|
|
|
|
|
|
|
Certificate of deposit |
|
$ |
5,050 |
|
|
$ |
26 |
|
|
$ |
5,076 |
|
Mutual investment funds |
|
|
696 |
|
|
|
(24 |
) |
|
|
672 |
|
Debt securities |
|
|
456 |
|
|
|
(51 |
) |
|
|
405 |
|
Preferred shares |
|
|
306 |
|
|
|
(22 |
) |
|
|
284 |
|
Equity securities |
|
|
1 |
|
|
|
- |
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2020 |
|
$ |
6,509 |
|
|
$ |
(71 |
) |
|
$ |
6,438 |
|
|