v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Revenues      
Principal transactions and proprietary trading $ 105,483 $ (715,309) $ 0
Total revenues 7,447,944 10,055,809 5,738,774
Operating costs and expenses      
Commissions and brokerage fees 246,259 401,843 77,045
Interest expenses 289,943 158,441 18,041
Compensation and benefits 3,222,730 2,108,656 749,983
Share-based compensation expenses 8,788,109 0 379,867
Research and development expenses 427,672 0 0
Professional service fees 1,747,163 1,957,781 354,195
Market information 880,827 580,584 266,190
Lease costs 532,552 435,824 98,721
Other general and administrative expenses 988,179 666,741 165,702
Total operating costs and expenses 18,099,299 7,112,615 2,672,321
Operating (loss) income (10,651,355) 2,943,194 3,066,453
Other income (loss):      
Income from foreign currency spread [1] 150,987 49,694 680,721
Impairment loss on investment (618,630) 0 0
Loss on share of equity method investment (578,256) 0 0
Others (116,823) (56,400) 48,392
Total other (loss) income (1,162,722) (6,706) 729,113
(Loss) income before income tax expenses (11,814,077) 2,936,488 3,795,566
Income tax expense (153,428) (439,934) (714,861)
Net (loss) income $ (11,967,505) $ 2,496,554 $ 3,080,705
Net (loss) income per ordinary share, Basic (in dollars per share) $ (0.29) $ 0.04 [2] $ 0.09 [2]
Net (loss) income per ordinary share, Diluted (in dollars per share) $ (0.29) $ 0.04 [2] $ 0.09 [2]
Weighted average ordinary shares outstanding, Basic (in shares) 41,793,690 62,816,064 [2] 34,733,424 [2]
Weighted average ordinary shares outstanding, Diluted (in shares) 41,793,690 62,816,064 [2] 34,733,424 [2]
Net (loss) income $ (11,967,505) $ 2,496,554 $ 3,080,705
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustment 83,466 85,550 (117,463)
Total comprehensive (loss) income (11,884,039) 2,582,104 2,963,242
Nonrelated Party [Member]      
Revenues      
Brokerage and commission income 1,824,412 6,472,535 373,201
Interest income 135,938 150,819 22,633
Software licensing and related support services income 602,217 176,303 667,951
Related Party [Member]      
Revenues      
Brokerage and commission income 2,539,260 1,757,731 1,707,334
Interest income 1,040,634 1,016,179 181,550
Software licensing and related support services income 1,200,000 1,197,551 2,786,105
Operating costs and expenses      
Software licensing (including subscription based) and related support outsourcing cost - related party $ 975,865 $ 802,745 $ 562,577
[1] Refer to Note 8 to the consolidated financial statements.
[2] The presentation of net income per ordinary share and weighted average ordinary shares outstanding have been retrospectively adjusted to give effect to the changes in par value and a six-for-one stock split. Refer to Note 9 for more details.