| Disaggregation of Revenue from Contracts with Customers |
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
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2024
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2023
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|
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Point in
time
|
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Over
time
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|
Total
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Point in
time
|
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Over
time
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|
|
Total
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Point in
time
|
|
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Over
time
|
|
|
Total
|
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|
Revenue from contracts with customers
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|
|
|
|
|
|
|
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|
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|
|
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Brokerage and commission income
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|
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|
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|
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|
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|
|
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Brokerage commission and handling charge income*
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$
|
507,728
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|
$
|
—
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|
|
$
|
507,728
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|
|
$
|
644,861
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|
|
$
|
—
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|
|
$
|
644,861
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|
|
$
|
373,201
|
|
|
$
|
—
|
|
|
$
|
373,201
|
|
|
Brokerage commission and handling charge income – related party*
|
|
|
2,539,260
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|
|
|
—
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|
|
|
2,539,260
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|
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|
1,757,731
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|
|
|
—
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|
|
|
1,757,731
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|
|
|
1,707,334
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|
|
|
—
|
|
|
|
1,707,334
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|
|
Bond distribution commission income
|
|
|
1,316,684
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|
|
|
—
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|
|
|
1,316,684
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|
|
|
5,827,674
|
|
|
|
—
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|
|
|
5,827,674
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|
|
|
—
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|
|
—
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|
|
—
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|
Margin financing services
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Interest income
|
|
|
—
|
|
|
|
135,938
|
|
|
|
135,938
|
|
|
|
—
|
|
|
|
150,819
|
|
|
|
150,819
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|
|
|
—
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|
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|
22,633
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|
22,633
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Interest income – related party
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|
—
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1,040,634
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|
1,040,634
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|
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—
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|
1,016,179
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|
|
1,016,179
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|
|
|
—
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|
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|
181,550
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|
|
|
181,550
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Software licensing (including subscription based) and related support services
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Software license
|
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|
500,000
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|
|
|
—
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|
500,000
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|
|
—
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|
|
|
—
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|
|
|
—
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|
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|
667,951
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|
|
—
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|
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|
667,951
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Software license – related party
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|
—
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|
|
—
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|
|
—
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—
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—
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—
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|
|
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—
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|
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|
1,592,060
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|
|
|
1,592,060
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SaaS service
|
|
|
— |
|
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|
92,391 |
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|
92,391 |
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|
|
— |
|
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|
— |
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|
— |
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|
— |
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|
— |
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|
— |
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M&S
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—
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|
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|
9,826
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|
|
9,826
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|
|
|
—
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|
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|
176,303
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|
176,303
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|
|
—
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|
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—
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|
|
—
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M&S – related party
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—
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1,200,000
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|
|
|
1,200,000
|
|
|
|
—
|
|
|
|
1,197,551
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|
|
|
1,197,551
|
|
|
|
—
|
|
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|
1,194,045
|
|
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|
1,194,045
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Other sources of revenue
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Principal transactions & proprietary trading
|
|
|
—
|
|
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|
105,483
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|
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|
105,483
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|
|
|
—
|
|
|
|
(715,309
|
)
|
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|
(715,309
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
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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
|
|
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*
|
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.
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