Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Dec. 31, 2017
Mar. 31, 2017
ASSETS    
Cash and cash equivalents $ 34,847  
Restricted cash 14,138  
Trading securities 199,207  
Available-for-sale securities, at fair value 2  
Brokerage and other receivables 2,922  
Loans issued 250  
Deferred tax assets 325  
Fixed assets 2,028  
Goodwill 1,856  
Other assets 3,271  
TOTAL ASSETS 258,846  
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Derivative liability 0  
Debt securities issued 10,625  
Customer liabilities 13,911  
Current income tax liability 0  
Trade payables 2,218  
Deferred distribution payments 8,534  
Securities repurchase agreement obligation 137,436  
Other liabilities 599  
TOTAL LIABILITIES 173,323  
Commitments and Contingencies (Note 17) 0  
STOCKHOLDERS’ EQUITY    
Preferred stock - $0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding 0  
Common stock - $0.001 par value; 500,000,000 shares authorized; 52,606,600 shares outstanding as of December 31, 2017 and 11,213,926 shares outstanding as of March 31, 2017, respectively 52  
Additional paid in capital 56,533  
Retained earnings 38,684  
Accumulated other comprehensive loss (9,746)  
TOTAL STOCKHOLDERS’ EQUITY 85,523  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 258,846  
(Recast)    
ASSETS    
Cash and cash equivalents [1]   $ 22,616
Restricted cash [1]   12,749
Trading securities [1]   81,575
Available-for-sale securities, at fair value [1]   2
Brokerage and other receivables [1]   514
Loans issued [1]   65
Deferred tax assets [1]   1,026
Fixed assets [1]   1,096
Goodwill [1]   981
Other assets [1]   739
TOTAL ASSETS [1]   121,363
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Derivative liability [1]   495
Debt securities issued [1]   3,459
Customer liabilities [1]   7,635
Current income tax liability [1]   149
Trade payables [1]   545
Deferred distribution payments [1]   8,534
Securities repurchase agreement obligation [1]   56,289
Other liabilities [1]   370
TOTAL LIABILITIES [1]   77,476
Commitments and Contingencies (Note 17) [1]   0
STOCKHOLDERS’ EQUITY    
Preferred stock - $0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding [1]   0
Common stock - $0.001 par value; 500,000,000 shares authorized; 52,606,600 shares outstanding as of December 31, 2017 and 11,213,926 shares outstanding as of March 31, 2017, respectively [1]   11
Additional paid in capital [1]   34,659
Retained earnings [1]   16,154
Accumulated other comprehensive loss [1]   (6,937)
TOTAL STOCKHOLDERS’ EQUITY [1]   43,887
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY [1]   $ 121,363
[1] See Notes 1 and 3 for information regarding recast amounts and basis of financial statement presentation.