SEGMENT REPORTING (Tables)

3 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

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/Caucasus		Total
Fee and commission income (1)	$	73,385	$	19,166	$	6,152	$	—	$	98,703
Net gain/(loss) on trading securities	31,594		214		(173)		181		31,816
Interest income	142,038		5,914		1,387		10		149,349
Insurance underwriting income	44,889		—		—		—		44,889
Net gain/(loss) on foreign exchange operations	19,923		(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, NET	282,783		25,364		7,842		221		316,210
Fee and commission expense	23,798		4,572		265		49		28,684
Interest expense	86,664		6,812		1,570		—		95,046
Insurance claims incurred, net of reinsurance	21,514		—		—		—		21,514
Payroll and bonuses	24,167		4,754		2,293		416		31,630
Professional services	562		2,738		3,280		45		6,625
Stock compensation expense	829		91		313		—		1,233
Advertising expense	3,731		4,026		95		248		8,100
General and administrative expense	16,028		4,029		4,113		305		24,475
Allowance for credit losses	13,771		552		3		—		14,326
TOTAL EXPENSE	191,064		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/Caucasus		Total
Fee and commission income (1)	$	8,250	$	80,062	$	1,134	$	—	$	89,446
Net gain/(loss) on trading securities	21,589		(15,425)		(1,731)		—		4,433
Interest income	39,852		4,269		4,442		—		48,563
Insurance underwriting income	24,241		—		—		—		24,241
Net gain/(loss) on foreign exchange operations	4,267		570		(234)		(10)		4,593
Net gain on derivative	1,266		—		—		—		1,266
Other (expense)/income	(93)		(2)		6		57		(32)
TOTAL REVENUE, NET	99,372		69,474		3,617		47		172,510
Fee and commission expense	10,714		12,427		153		21		23,315
Interest expense	31,968		2,696		5,407		—		40,071
Insurance claims incurred, net of reinsurance	16,692		—		—		—		16,692
Payroll and bonuses	11,730		2,732		1,745		206		16,413
Professional services	721		1,272		2,206		56		4,255
Stock compensation expense	1,101		156		619		—		1,876
Advertising expense	2,149		1,681		7		—		3,837
General and administrative expense	5,066		5,724		690		138		11,618
Allowance for credit losses/(recoveries)	2,431		—		(3)		—		2,428
TOTAL EXPENSE	82,572		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/Caucasus		Total
Total assets	$	5,674,747	$	785,218	$	75,453	$	4,347	$	6,539,765
Total liabilities	5,202,661		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/Caucasus		Total
Total assets	$	4,303,126	$	677,425	$	101,365	$	2,642	$	5,084,558
Total liabilities	3,868,326		384,921		60,198		377		4,313,822
Net assets	$	434,800	$	292,504	$	41,167	$	2,265	$	770,736