Quarterly report pursuant to Section 13 or 15(d)

Loans Received

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Loans Received
3 Months Ended
Jun. 30, 2018
Loans Receivable, Net [Abstract]  
Loans Received

Borrower

 

Lender

  June 30, 2018     March 31, 2018     Interest rate  

Term

 

Maturity date

JSC Freedom Finance   Bank   $ 9,049     $ 7,044       7 % 1 year   2/5/2019
Freedom Holding Corp.   Non-Bank     4,834       -       3 % 3 months   9/30/2018
FFINEU Investments Limited   Non-Bank     94       99       1 % 1 year   12/11/2018
Total       $ 13,977     $ 7,143                

 

As of June 30, 2018 and March 31, 2018, the Company had received United States dollar denominated loans from JSC AsiaCreditBank in the total amount of $8,954 and $7,031, respectively, under a credit line agreement with $9,000 in total available for withdrawal. The Company pledged 3.1 million shares of Kcell with a fair value $13,970 as of June 30, 2018, to collateralize the AsiaCreditBank loan. Non-bank loans received are unsecured. As of June 30, 2018 and March 31, 2018, accrued interest on the loans totaled $68 and $16, respectively.