| DISAGGREGATED REVENUE |
In addition to the information shown in the above disclosures, the revenue from contracts with customers within
FASB ASC 606 and other sources of revenue is disaggregated as follow:
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|
For the years ended March 3l,
|
|
|
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|
2025
|
|
|
2024
|
|
|
2023
|
|
| |
|
Point in
time
|
|
|
Over
time
|
|
|
Total
|
|
|
Point in
time
|
|
|
Over
time
|
|
|
Total
|
|
|
Point in
time
|
|
|
Over
time
|
|
|
Total
|
|
|
Revenue from contracts with customers
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brokerage and commission income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brokerage commission and handling charge income*
|
|
$
|
507,728
|
|
|
$
|
—
|
|
|
$
|
507,728
|
|
|
$
|
644,861
|
|
|
$
|
—
|
|
|
$
|
644,861
|
|
|
$
|
373,201
|
|
|
$
|
—
|
|
|
$
|
373,201
|
|
|
Brokerage commission and handling charge income – related party*
|
|
|
2,539,260
|
|
|
|
—
|
|
|
|
2,539,260
|
|
|
|
1,757,731
|
|
|
|
—
|
|
|
|
1,757,731
|
|
|
|
1,707,334
|
|
|
|
—
|
|
|
|
1,707,334
|
|
|
Bond distribution commission income
|
|
|
1,316,684
|
|
|
|
—
|
|
|
|
1,316,684
|
|
|
|
5,827,674
|
|
|
|
—
|
|
|
|
5,827,674
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Margin financing services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
|
—
|
|
|
|
135,938
|
|
|
|
135,938
|
|
|
|
—
|
|
|
|
150,819
|
|
|
|
150,819
|
|
|
|
—
|
|
|
|
22,633
|
|
|
|
22,633
|
|
|
Interest income – related party
|
|
|
—
|
|
|
|
1,040,634
|
|
|
|
1,040,634
|
|
|
|
—
|
|
|
|
1,016,179
|
|
|
|
1,016,179
|
|
|
|
—
|
|
|
|
181,550
|
|
|
|
181,550
|
|
|
Software licensing (including subscription based) and related support services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Software license
|
|
|
500,000
|
|
|
|
—
|
|
|
|
500,000
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
667,951
|
|
|
|
—
|
|
|
|
667,951
|
|
|
Software license – related party
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,592,060
|
|
|
|
1,592,060
|
|
SaaS service
|
|
|
— |
|
|
|
92,391 |
|
|
|
92,391 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
M&S
|
|
|
—
|
|
|
|
9,826
|
|
|
|
9,826
|
|
|
|
—
|
|
|
|
176,303
|
|
|
|
176,303
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
M&S – related party
|
|
|
—
|
|
|
|
1,200,000
|
|
|
|
1,200,000
|
|
|
|
—
|
|
|
|
1,197,551
|
|
|
|
1,197,551
|
|
|
|
—
|
|
|
|
1,194,045
|
|
|
|
1,194,045
|
|
|
Other sources of revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal transactions & proprietary trading
|
|
|
—
|
|
|
|
105,483
|
|
|
|
105,483
|
|
|
|
—
|
|
|
|
(715,309
|
)
|
|
|
(715,309
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Total revenues
|
|
$
|
4,863,672
|
|
|
$
|
2,584,272
|
|
|
$
|
7,447,944
|
|
|
$
|
8,230,266
|
|
|
$
|
1,825,543
|
|
|
$
|
10,055,809
|
|
|
$
|
2,748,486
|
|
|
$
|
2,990,288
|
|
|
$
|
5,738,774
|
|
| |
*
|
Total handling charge
income, including amounts from a related party, was $281,000, $221,000 and $113,000 for the years
ended March 31, 2025, 2024 and 2023, respectively.
|
|