SEGMENT REPORTING (Tables)

9 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize the Company's Statement of Operations and Statements of Other Comprehensive Income by its geographic segments. Intercompany balances were eliminated for separate disclosure:

	Three months ended December 31, 2021 (Restated)
STATEMENTS OF OPERATIONS	Central Asia		Europe		U.S.		Middle East/Caucasus	Total
Fee and commission income (1)	$	6,993	$	83,162	$	1,256	—	91,411
Net gain on trading securities	6,432		481		101		—	7,014
Interest income	19,845		4,940		14		—	24,799
Net gain/(loss) on foreign exchange operations	1,747		(437)		(209)		5	1,106
Net (loss)/ gain on derivative	(314)		—					(314)
TOTAL REVENUE, NET	34,703		88,146		1,162		5	124,016
Fee and commission expense	2,381		18,106		153		—	20,640
Interest expense	14,097		3,919		418		—	18,434
Operating expense / (income)	11,909		10,517		5,903		(86)	28,243
Provision for impairment losses	—		—		32		—	32
Other income /(expense) , net	(83)		(13)				2	(94)
TOTAL EXPENSE	28,304		32,529		6,506		(84)	67,255
NET INCOME BEFORE INCOME TAX	$	6,399	$	55,617	$	(5,344)	89	$	56,761
Income tax expense	1,294		(7,176)		4,114		—	(1,768)
NET PROFIT/(LOSS)	$	7,693	$	48,441	$	(1,230)	89	$	54,993

	Nine months ended December 31, 2021 (Restated)
STATEMENTS OF OPERATIONS	Central Asia		Europe		U.S.		Middle East/Caucasus	Total
Fee and commission income (1)	$	18,258	$	241,066	$	3,391	—	262,715
Net gain/(loss) on trading securities	16,102		179,473		(305)		—	195,270
Interest income	51,250		8,015		74		—	59,339
Net gain/(loss) on foreign exchange operations	4,472		(497)		(207)		5	3,773
Net (loss)/ gain on derivative	(1,028)		—		—		—	(1,028)
TOTAL REVENUE, NET	89,054		428,057		2,953		5	520,069
Fee and commission expense	3,797		56,946		503		—	61,246
Interest expense	35,891		7,422		1,119		—	44,432
Operating expense	29,099		20,089		14,275		81	63,544
Provision for impairment losses	571		11		32		—	614
Other income/(expense), net	503		(21)		—		(2)	480
TOTAL EXPENSE	69,861		84,447		15,929		79	170,316
NET INCOME BEFORE INCOME TAX	19,193		343,610		(12,976)		(74)	349,753
Income tax (expense)/ benefit	1,324		(21,190)		(19,114)		—	(38,980)
NET PROFIT/(LOSS)	20,517		322,420		(32,090)		(74)	310,773

	Three months ended December 31, 2020 (Restated)
STATEMENTS OF OPERATIONS	Central Asia	Europe	U.S.	Total
Fee and commission income	3,445	54,629	25	58,099
Net gain on trading securities	6,768	28	7,176	13,972
Interest income	2,980	2,031	213	5,224
Net gain/(loss) on foreign exchange operations	295	88	(280)	103
Net (loss)/ gain on derivative	946	—	—	946
	14,434	56,776	7,134	78,344
TOTAL REVENUE, NET
Fee and commission expense	332	17,874	89	18,295
Interest expense	1,603	1,096	524	3,223
Operating expense	4,776	4,070	1,492	10,338
Provision for impairment losses	952	—	—	952
Other income/ (expense), net	16	(1)	—	15
TOTAL EXPENSE	7,679	23,039	2,105	32,823
NET INCOME BEFORE INCOME TAX	6,755	33,737	5,029	45,521
Income tax (expense)/benefit	(3)	(3,548)	(3,048)	(6,599)
NET PROFIT/(LOSS)	6,752	30,189	1,981	38,922

	Nine months ended December 31, 2020 (Restated)
STATEMENTS OF OPERATIONS	Central Asia	Europe	U.S.	Total
Fee and commission income	11,754	124,208	25	135,987
Net gain on trading securities	12,117	87	7,039	19,243
Interest income	8,379	2,731	652	11,762
Net gain/(loss) on foreign exchange operations	605	(238)	(225)	142
Net (loss)/ gain on derivative	61	—	—	61
TOTAL REVENUE, NET	32,916	126,788	7,491	167,195
Fee and commission expense	618	44,927	226	45,771
Interest expense	5,020	2,018	1,764	8,802
Operating expense	12,640	6,671	2,925	22,236
Provision for impairment losses	770	404	399	1,573
Other income/(expense), net	(41)	(16)	—	(57)
TOTAL EXPENSE	19,007	54,004	5,314	78,325
NET INCOME BEFORE INCOME TAX	13,909	72,784	2,177	88,870
Income tax (expense)/benefit	(6)	(7,381)	(4,311)	(11,698)
NET PROFIT/(LOSS)	13,903	65,403	(2,134)	77,172

(1) All trading of U.S. and European exchange traded and OTC securities by all of the Company's securities brokerage firms, excluding PrimeEx, are routed to and executed through Freedom EU and all fee and commission income for those transactions is recognized at Freedom EU.

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

	December 31, 2021 (Restated)
	Central Asia		Europe		U.S.		Middle East/Caucasus		Held for Sale		Total
Total assets	1,157,484		622,309		27,219		387		919,592		2,726,991
Total liabilities	905,796		344,521		75,279		178		809,727		2,135,501
Net assets	$	251,688	$	277,788	$	(48,060)	$	209	$	109,865	$	591,490

	March 31, 2021 (Restated)
	Central Asia		Europe		U.S.		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		60,117		3		676,568		1,824,662
Net assets	$	156,633	$	60,845	$	(13,435)	$	137	$	71,480	$	275,660