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SEGMENT REPORTING
 3 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company historically organized its operations in a single operating segment. Following the divestiture of the Company's Russian subsidiaries and the related corporate restructuring, the Company elected to reorganize its operations geographically into regional segments. The Company currently organizes its operations into the following four regional segments: Central Asia and Eastern Europe, Europe Excluding Eastern Europe, the United States and Middle East/Caucasus. These operating segments are based on how the Company's CODM makes decisions about allocating resources and assessing performance.

The following tables summarize the Company's Statement of Operations by its geographic segments. There are no revenues from transactions between the segments and intercompany balances have been eliminated for separate disclosure:
Three months ended June 30, 2023
STATEMENTS OF OPERATIONS
Central Asia and Eastern Europe
Europe, excluding Eastern Europe
The United States
Middle East/CaucasusTotal
Fee and commission income (1)
$73,385 $19,166 $6,152 $— $98,703 
Net gain/(loss) on trading securities31,594 214 (173)181 31,816 
Interest income142,038 5,914 1,387 10 149,349 
Insurance underwriting income44,889 — — — 44,889 
Net gain/(loss) on foreign exchange operations19,923 (320)(362)60 19,301 
Net (loss)/gain on derivative(30,778)173 — — (30,605)
Other income/(expense)
1,732 217 838 (30)2,757 
TOTAL REVENUE, NET282,783 25,364 7,842 221 316,210 
Fee and commission expense23,798 4,572 265 49 28,684 
Interest expense86,664 6,812 1,570 — 95,046 
Insurance claims incurred, net of reinsurance21,514 — — — 21,514 
Payroll and bonuses24,167 4,754 2,293 416 31,630 
Professional services562 2,738 3,280 45 6,625 
Stock compensation expense829 91 313 — 1,233 
Advertising expense3,731 4,026 95 248 8,100 
General and administrative expense16,028 4,029 4,113 305 24,475 
Allowance for credit losses
13,771 552 3 — 14,326 
TOTAL EXPENSE191,064 27,574 11,932 1,063 231,633 
INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS$91,719 $(2,210)$(4,090)$(842)$84,577 
Income tax expense(27)(2,430)(14,199)— (16,656)
INCOME FROM CONTINUING OPERATIONS$91,692 $(4,640)$(18,289)$(842)$67,921 
Three months ended June 30, 2022
STATEMENTS OF OPERATIONS
Central Asia and Eastern Europe
Europe, excluding Eastern Europe
The United States
Middle East/CaucasusTotal
Fee and commission income (1)
$8,250 $80,062 $1,134 $— $89,446 
Net gain/(loss) on trading securities21,589 (15,425)(1,731)— 4,433 
Interest income39,852 4,269 4,442 — 48,563 
Insurance underwriting income24,241 — — — 24,241 
Net gain/(loss) on foreign exchange operations4,267 570 (234)(10)4,593 
Net gain on derivative1,266 — — — 1,266 
Other (expense)/income
(93)(2)6 57 (32)
TOTAL REVENUE, NET99,372 69,474 3,617 47 172,510 
Fee and commission expense10,714 12,427 153 21 23,315 
Interest expense31,968 2,696 5,407 — 40,071 
Insurance claims incurred, net of reinsurance16,692 — — — 16,692 
Payroll and bonuses11,730 2,732 1,745 206 16,413 
Professional services721 1,272 2,206 56 4,255 
Stock compensation expense1,101 156 619 — 1,876 
Advertising expense2,149 1,681 7 — 3,837 
General and administrative expense5,066 5,724 690 138 11,618 
Allowance for credit losses/(recoveries)
2,431 — (3)— 2,428 
TOTAL EXPENSE82,572 26,688 10,824 421 120,505 
INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS$16,800 $42,786 $(7,207)$(374)$52,005 
Income tax (expense)/benefit
(61)(7,223)(1,605)10 (8,879)
INCOME FROM CONTINUING OPERATIONS$16,739 $35,563 $(8,812)$(364)$43,126 
(1) All trading of U.S. and European exchange traded and OTC securities by all Freedom 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 subsidiary received the initial order from external client.
The following tables summarize the Company's total assets and total liabilities by its geographic segments. Intercompany balances have been eliminated for separate disclosure:
June 30, 2023
Central Asia and Eastern Europe
Europe, excluding Eastern Europe
The United States
Middle East/CaucasusTotal
Total assets$5,674,747 $785,218 $75,453 $4,347 $6,539,765 
Total liabilities5,202,661 480,761 24,372 6,235 5,714,029 
Net assets$472,086 $304,457 $51,081 $(1,888)$825,736 

March 31, 2023
Central Asia and Eastern Europe
Europe, excluding Eastern Europe
The United States
Middle East/CaucasusTotal
Total assets$4,303,126 $677,425 $101,365 $2,642 $5,084,558 
Total liabilities3,868,326 384,921 60,198 377 4,313,822 
Net assets$434,800 $292,504 $41,167 $2,265 $770,736 

Central Asia and Eastern Europe Segment
Operations in Kazakhstan, Kyrgyzstan, Uzbekistan, along with the Company's headquarters in Kazakhstan, form the Central Asia and Eastern Europe segment. Within this segment, the Group conducts business under different securities licenses as required by the respective jurisdictions in the Central Asia and Eastern Europe region.
Group companies in the Central Asia and Eastern Europe segment provide comprehensive financial solutions, including lending such as digital auto loans and digital mortgage loans, payments, asset management products, bank guarantees, on demand and time deposits, various types of insurance coverage to meet the needs of the Group's customers and small businesses. The Group's insurance offerings include life insurance, obligatory insurance, tourist medical health insurance and auto insurance. These insurance products are designed to offer comprehensive coverage and tailored solutions to protect individuals, property, auto and businesses in the event of unforeseen events or risks.
Europe Excluding Eastern Europe Segment    
Operations in Cyprus, United Kingdom and Germany. Companies in the Europe Excluding Eastern Europe segment offer a broad suite of market-making, prime brokerage, lending, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, merchants, government and municipal entities.
Companies in this segment cater to clients from the European Union by offering comprehensive solutions to support their investment needs. The Group's services in this segment encompass direct access to the world's largest stock exchanges, providing its clients with a gateway to global investment opportunities. Additionally, the Group's offerings in this segment include professional securities analytics, empowering clients with valuable insights and market intelligence to make informed investment decisions. To ensure a seamless experience, it provides user-friendly trading applications that offer convenience and flexibility.
United States Segment
Companies in the United States segment offer a full array of investment banking and capital markets advisory services, including initial public offerings, mergers, and acquisitions, debt and equity financing, corporate banking, trading, hedging, and research, equity research, delivering in-depth analysis, insights into individual stocks and sectors. It provides macro-economic strategy research to help clients navigate the broader economic landscape and make informed investment decisions.

To ensure clients are well-informed, companies in this segment offer a daily morning note that covers key market updates, trends, and potential opportunities. It also provides technical research, focusing on chart patterns and technical indicators to assist clients in identifying potential entry and exit points in the market.

In addition, companies in the United States segment conduct research in specific sectors such as energy and consumer, offering valuable insights into industry trends and company analysis. It facilitates corporate access research, enabling clients to gain access to top management and industry experts for a deeper understanding of specific companies or sectors.

Middle East/Caucasus Segment

Companies in the Middle East/Caucasus segment offer securities broker-dealer services, financials educational center services, financial intermediary center services and financial consulting services. The segment is currently in the developmental stage and does not generate profit at the moment. As a developing segment, the focus is on establishing a strong presence, building strategic relationships, and expanding client base in the region.