XML 145 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Mar. 31, 2023
ASSETS      
Cash and cash equivalents $ 4,399 $ 7,913 $ 8,726 [1]
Restricted cash 314 64 819 [1]
Investments, at fair value:      
Investments 331,367 329,119 497,221
Other assets, net 11,912 14,699 32,903 [1]
Intangible assets 3,100 3,100 3,100 [1]
Goodwill 10,212 13,606 2,367,926 [1]
Total assets 361,304 368,501 2,910,695 [1]
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Accounts payable and accrued expenses 103,012 157,157 65,724 [1]
Other liabilities 34,796 31,727 14,622 [1]
Warrant liability 180 178 [1]
Customer ExAlt Trusts loan payable, net   52,129 [1]
Debt due to related parties 120,554 120,505 99,314 [1]
Total liabilities 258,542 309,567 231,789 [1]
Redeemable noncontrolling interests      
Total temporary equity 251,052 251,052 950,493 [1]
Shareholder’s equity      
Additional paid-in capital 1,852,187 1,848,068 [2] 1,579,742 [1],[2]
Accumulated deficit (2,011,547) (2,059,214) [1]
Stock receivable (20,038) (20,038) [1]
Treasury stock, at cost (3,444) (3,444) (3,444) [1]
Accumulated other comprehensive income (loss) 255 276 9,900 [1]
Noncontrolling interests 34,293 42,231 142,213 [1]
Total equity (deficit) (148,290) (192,118) 1,728,413 [1]
Total liabilities, temporary equity, and equity 361,304 368,501 2,910,695 [1]
Preferred Series A Subclass 0 [Member]      
Redeemable noncontrolling interests      
Preferred Series A Subclass 1 Unit Accounts, nonunitized 251,052 251,052 251,052 [1]
Series A Preferred Stock [Member]      
Shareholder’s equity      
Preferred stock, value [1]
Series B Preferred Stock [Member]      
Shareholder’s equity      
Preferred stock, value [1]
Common Class A [Member]      
Shareholder’s equity      
Common stock, value 4 3 [2] 2 [1],[2]
Common Class B [Member]      
Shareholder’s equity      
Common stock, value [2] [1],[2]
Preferred Series A Subclass 1 [Member]      
Redeemable noncontrolling interests      
Preferred Series A Subclass 1 Unit Accounts, nonunitized   699,441 [1]
Variable Interest Entity, Primary Beneficiary [Member]      
Investments, at fair value:      
Investments 331,367 329,113 491,859 [1]
Parent Company [Member]      
Investments, at fair value:      
Investments $ 6 $ 5,362 [1]
[1] Retroactively adjusted March 31, 2023 for the de-SPAC merger transaction as described in Note 4.
[2] Periods presented have been adjusted to reflect the 1-for-80 reverse stock split on April 18, 2024. See Note 1 - Summary of Significant Accounting Policies - Reverse Stock Split, for additional information.