SEGMENT REPORTING

12 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Company historically operated as a single operating segment. With the planned restructuring of the Company's operations, coupled with the continued expansion, there was an election to reorganize operations geographically into five regional segments: Central Asia, Europe, United States, Middle East/Caucasus and Russia (planned to be divested). These operating segments are based on how our CODM will be making decisions about allocating resources and assessing performance.

The segment reporting has been recast to remove the Russian segment due to its presentation in the financial statements as discontinued operations. In addition, segment reporting was restated for the errors described in Note 4, and restated segment information was provided to CODM in their reports.

The following tables summarize the Company's Statement of operation by its geographic segments. Intercompany balances were eliminated for separate disclosure:

	Year ended March 31, 2022 (Restated)
STATEMENTS OF OPERATIONS	Central Asia		Europe		US		Middle East/Caucasus	Total
Fee and commission income	$	24,374	$	306,525	$	4,545	—	$	335,444
Net gain/(loss) on trading securities	11,604		142,195		2,546		—	156,345
Interest income	75,130		14,540		483		—	90,153
Net gain/(loss) on foreign exchange operations	6,012		(5,598)		1,565		—	1,979
Net gain/(loss) on derivative	946		—		—		—	946
TOTAL REVENUE, NET	118,066		457,662		9,139		—	584,867
Interest expense	$	54,894	$	8,747	$	1,808	—	$	65,449
Fee and commission expense	7,945		64,518		780		—	73,243
Operating expense	42,076		27,069		19,136		283	88,564
Provision for impairment losses/(recoveries)	2,149		57		—		—	2,206
Other expense/(income), net	489		7		819		(3)	1,312
TOTAL EXPENSE	107,553		100,398		22,543		280	230,774
NET INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS	$	10,513	$	357,264	$	(13,404)	(280)	$	354,093
Income tax (expense)/benefit	1,237		(26,786)		(12,989)		9	(38,529)
NET PROFIT/(LOSS) FROM CONTINUING OPERATIONS	$	11,750	$	330,478	$	(26,393)	(271)	$	315,564

	Year ended March 31, 2021 (Restated)
STATEMENTS OF OPERATIONS	Central Asia		Europe		US		Middle East Caucasus	Total
Fee and commission income	$	17,055	$	197,844	$	1,097	—	$	215,996
Net gain on financial instruments through profit and loss	18,414		8		7,489		—	25,911
Interest income	18,498		3,635		682		—	22,815
Net gain/(loss) on foreign exchange operations	1,658		(300)		(215)		—	1,143
Net gain on derivative	86		—		—		—	86
TOTAL REVENUE, NET	$	55,711	$	201,187	$	9,053	—	$	265,951
Interest expense	$	12,770	$	3,663	$	2,173	—	$	18,606
Fee and commission expense	1,211		64,521		246		—	65,978
Operating expense	19,674		10,921		4,843		15	35,453
Provision for impairment losses	1,014		108		395		—	1,517
Other (expense)/income, net	(88)		(3)		(15)		—	(106)
TOTAL EXPENSE	$	34,581	$	79,210	$	7,642	15	$	121,448
NET INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS	$	21,130	$	121,977	$	1,411	(15)	$	144,503
Income tax (expense)/benefit	210		(14,013)		(9,559)		—	(23,362)
NET PROFIT/(LOSS) FROM CONTINUING OPERATIONS	$	21,340	$	107,964	$	(8,148)	(15)	$	121,141

	Year ended March 31, 2020 (Restated)
STATEMENTS OF OPERATIONS	Central Asia		Europe		US		Middle East Caucasus	Total
Fee and commission income	$	2,810	$	58,382	$	—	—	$	61,192
Net gain/(loss) on financial instruments through profit and loss	8,121		257		(46)		—	8,332
Interest income	7,932		5,451		198		—	13,581
Net gain/(loss) on foreign exchange operations	517		(313)		84		—	288
Net gain/(loss) on derivative	—		—		—		—	—
TOTAL REVENUE, NET	$	19,380	$	63,777	$	236	—	$	83,393
Interest expense	$	9,533	$	343	$	324	—	$	10,200
Fee and commission expense	629		18,600		186		—	19,415
Operating expense	18,262		3,500		3,916		—	25,678
Provision for impairment losses	(1,254)		—		—		—	(1,254)
Other (expense)/income, net	282		(11)		(8)		—	263
TOTAL EXPENSE	$	27,452	$	22,432	$	4,418	—	$	54,302
NET INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS	$	(8,072)	$	41,345	$	(4,182)	—	$	29,091
Income tax (expense)/benefit	(16)		(4,467)		(450)		—	(4,933)
NET PROFIT/(LOSS) FROM CONTINUING OPERATIONS	$	(8,088)	$	36,878	$	(4,632)	—	$	24,158

The following tables summarize the Company's total asset and total liabilities by its geographic segments. Intercompany balances were eliminated for separate disclosure:

	March 31, 2022 (recast)
	Central Asia		Europe		US		Middle East Caucasus		Held for Sale		Total
Total assets	$	1,207,149	$	765,699	$	172,661	$	355	$	825,419	$	2,971,283
Total liabilities	$	985,938	$	489,899	$	175,121	$	172	$	812,478	$	2,463,608
Net assets	$	221,211	$	275,800	$	(2,460)	$	183	12,941		$	507,675

	March 31, 2021 (recast)
	Central Asia	Europe	US	Middle East Caucasus	Held for Sale	Total
Total assets	714,380	591,072	46,682	140	748,048	2,100,322
Total liabilities	557,747	530,227	60,106	3	676,568	1,824,651
Net assets	156,633	60,845	(13,424)	137	71,480	275,671