3. Revision of Financial Statement (Tables)

12 Months Ended

Mar. 31, 2018

Accounting Changes and Error Corrections [Abstract]

Revision of financial statements

	As of March 31, 2017
BALANCE SHEETS (RECAST)	As previously reported			Recast			As recasted
ASSETS
Cash and cash equivalents	$	51		$	22,565		$	22,616
Restricted cash		8,534			4,215			12,749
Trading securities		-			81,575			81,575
Available-for-sale securities, at fair value		-			2			2
Brokerage and other receivables, net		-			481			481
Loans issued		-			65			65
Deferred tax assets		-			1,026			1,026
Fixed assets, net		2			1,094			1,096
Goodwill		-			981			981
Other assets, net		-			772			772
TOTAL ASSETS	$	8,587		$	112,776		$	121,363
LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT)
Derivative liability	$	-		$	495		$	495
Loans received		-			2			2
Debt securities issued		-			3,459			3,459
Customer liabilities		-			7,635			7,635
Current income tax liability		-			149			149
Trade payables		206			334			540
Deferred distribution payments		8,534			-			8,534
Securities repurchase agreement obligation		-			56,289			56,289
Other liabilities		-			373			373
TOTAL LIABILITIES		8,740			68,736			77,476
STOCKHOLDERS’ EQUITY/(DEFICIT)
Preferred stock		-			-			-
Common stock		280			(269	)		11
Additional paid in capital		776			33,883			34,659
Retained earnings/(Accumulated deficit)		(1,209	)		17,363			16,154
Accumulated other comprehensive loss		-			(6,937	)		(6,937	)
TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT)		(153	)		44,040			43,887
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	8,587		$	112,776		$	121,363

	For the year ended March 31, 2017
STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (RECAST)	As previously reported			Recast			As recasted
Revenue:
Fee and commission income	$	-		$	4,090		$	4,090
Net gain on trading securities		-			10,806			10,806
Interest income		4			2,002			2,006
Net gain on derivatives		-			1,905			1,905
Net realized gain on investments available for sale		-			276			276
Net gain on sale of fixed assets		-			29			29
Net gain on foreign exchange operations		-			274			274
TOTAL REVENUE, NET	$	4		$	19,382		$	19,386
Expense:
Interest expense	$	-		$	3,807		$	3,807
Fee and commission expense		-			346			346
Operating expense		582			8,669			9,251
Other expense, net		-			210			210
TOTAL EXPENSE	$	582		$	13,032		$	13,614
NET INCOME/(LOSS) BEFORE INCOME TAX	$	(578	)	$	6,350		$	5,772
Income tax benefit		-			524			524
NET INCOME/(LOSS) BEFORE NONCONTROLLING INTERESTS	$	(578	)	$	6,874		$	6,296
Less: Net income attributable to noncontrolling interest in subsidiary		-			9			9
NET INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	$	(578	)	$	6,865		$	6,287
OTHER COMPREHENSIVE INCOME
Changes in unrealized gain on investments available-for-sale, net of tax effect	$	-		$	7		$	7
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect		-			(276	)		(276	)
Foreign currency translation adjustments, net of tax		-			4,465			4,465
COMPREHENSIVE INCOME/(LOSS) BEFORE NONCONTROLLING INTERESTS	$	(578	)	$	11,070		$	10,492
Less: Comprehensive income attributable to noncontrolling interest in subsidiary		-			9			9
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	$	(578	)	$	11,061		$	10,483