CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) |
12 Months Ended | ||||||||
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Mar. 31, 2025 |
Mar. 31, 2024 |
Mar. 31, 2023 |
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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 | ||||||
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of other-than-temporary decline in value that has been recognized against investment accounted for under equity method of accounting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of fees and commissions from banking, advisory, brokerage, and securities underwriting activities. Activities include, but are not limited to, underwriting securities, private placements of securities, investment advisory and management services, merger and acquisition services, sale and servicing of mutual funds, and other related consulting fees. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of realized and unrealized gain (loss) resulting from the difference between acquisition price and selling price or fair value of trading assets and trading liabilities, and from the firm's direct investment activity, conducted separately from customer trading activities, including, but not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses incurred for commissions and brokerage fees during the period. No definition available.
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- Definition Outsourced software licensing and related support services charged by a sub-contractor, which is a related party of the Group. No definition available.
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- Definition Amount of revenue recognized from software licensing and related support services, including licensing and Software-as-a-Service ("SaaS") based delivery of trading platform applications, upgrades and enhancements, maintenance and other related services to securities brokers and financial institutions. No definition available.
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