SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

VIE, consolidated statements

The carrying amounts of Freedom UA’s consolidated assets and liabilities were as follows as of March 31, 2023:

	March 31, 2023
Cash and cash equivalents	26
Restricted cash	1,936
Trading securities	4,010
Margin lending, brokerage and other receivables, net	1,616
Fixed assets, net	782
Intangible assets, net	131
Right-of-use asset	135
Other assets	56
Total assets	8,692
Customer liabilities	5,837
Securities repurchase agreement obligations	12
Trade payables	25
Lease liability	159
Other liabilities	298
Total liabilities	6,331

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill for the three months ended June 30, 2023 and the year ended March 31, 2023, were as follows:

	Central Asia and Eastern Europe		Europe, excluding Eastern Europe		US		Middle East/ Caucasus		Total
Goodwill, gross
Balance as of March 31, 2022	$	5,104	$	—	$	1,626	$	—	$	6,730
Forex	34		—		—		—		34
Balance as of June 30, 2022	5,138		—		1,626		—		6,764
Balance as of March 31, 2023	$	6,792	$	—	$	7,400	$	—	$	14,192
Forex	(1)		—		—		—		(1)
Acquired	36,760		—		—		—		36,760
Balance as of June 30, 2023	43,551		—		7,400		—		50,951
Accumulated impairment
Balance as of March 31, 2022	$	832	$	—	$	—	$	—	$	832
Impairment expense	—		—		—		—		—
Balance as of June 30, 2022	832		—		—		—		832
Balance as of March 31, 2023	$	—	$	—	$	—	$	—	$	—
Impairment expense	—		—		—		—		—
Balance as of June 30, 2023	—		—		—		—		—

Goodwill, net of impairment
Balance as of June 30, 2022	$	4,306	$	—	$	1,626	$	—	$	5,932
Balance as of March 31, 2023	$	6,792	$	—	$	7,400	$	—	$	14,192
Balance as of June 30, 2023	$	43,551	$	—	$	7,400	$	—	$	50,951

Revision of prior period statements

The following table illustrates the impact of ASC 326.

	March 31, 2023		ASC 326 Adoption Impact		April 1, 2023
Allowance for credit losses for loans
Mortgage loans	$	554	$	2,216	$	2,770
Car loans	$	759	$	6,462	$	7,221
Collateralized bank customer loans	$	—	$	35	$	35
Uncollateralized banks customer loans	$	233	$	7,436	$	7,669
Right of claim for purchased retail loans	1,246		9,046		10,292
Allowance for credit losses for other financial assets	—		249		249
Total allowance for credit losses	$	2,792	$	25,444	$	28,236
Retained earnings
Total allowance increase			$	25,444
Decrease to retained earnings, pre-tax			$	25,444
Tax effect			$	—
Forex effect			$	(1)
Decrease to retained earnings, net of tax effect			$	25,443