v3.26.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (1,175,539) $ (5,969,348)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 35,345 33,904
Amortization of right-of-use assets 425,657 141,986
Loss from disposal of property and equipment 1,556
(Reversal of allowance) allowance for expected credit loss (633,300) 2,839,907
Impairment of long-term investment 500,000 256,420
Share-based compensation 60,194 72,223
Unrealized gain from foreign exchange forward contract (400)
Interest income from loan business (345,241) (832,724)
Unrealized (gain) loss from available-for-sale investments (31,202) 23,464
Realized income from available-for-sale investments (118,968)
Deferred tax benefits (43,566)
Change in operating assets and liabilities:    
Receivables from customers (290,000) 434,315
Loans receivable from customers (492,687) (99,054)
Loans receivables from customers – related party (156,361) 1,554,623
Receivables from broker-dealers and clearing organizations (20,698,841) (7,983,468)
Securities owned, at fair value (273,535) 417,190
Other assets (632,095) 245,047
Payable to customers 39,011,094 587,492
Payable to customers – a related party (869,030)
Contract liabilities 53,255
Payables to holders of structured notes (6,139,179)
Accrued expenses and other liabilities 12,595 (54,194)
Income tax recoverable and payable 82,905 146,103
Lease liabilities (400,040) (145,928)
Net cash provided by (used in) operating activities 14,021,796 (14,471,221)
Cash flows from investing activities:    
Purchases of property and equipment (899,500) (3,234)
Proceeds from sales of property and equipment 140,000
Purchase of long-term investment in equity investees (1,900,000)
Deposits for long-term investment (100,000) (500,000)
Collection of available-for-sale investments 1,118,968
Originated loans disbursements to third party customers (5,800,000) (6,958,431)
Collection of loans from third party customers 6,898,563
Originated loans disbursements to a related party customer (76,926)
Net cash provided by (used in) investing activities 1,281,105 (9,361,665)
Cash flows from financing activities:    
Proceeds from issuance of promissory notes 640,713
Proceeds from borrowings from related parties 44,339
Capital injection from non-controlling shareholders 305,736
Net cash provided by financing activities 990,788
Net changes in cash, cash equivalents and restricted cash 16,293,689 (23,832,886)
Cash, cash equivalents and restricted cash, beginning of year 15,174,936 38,697,093
Effect of exchange rates on cash, cash equivalents and restricted cash 236,794 310,729
Cash, cash equivalents and restricted cash, end of year 31,705,419 15,174,936
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 12,989,922 12,227,380
Restricted cash 18,715,497 2,947,556
Total cash, cash equivalents, and restricted cash 31,705,419 15,174,936
Non-cash operating, investing and financing activities    
Right of use assets obtained in exchange for operating lease obligations 1,713,181 327,975
Supplemental disclosures of cash flow information:    
Cash paid for interest
Cash paid for taxes, net of refunds $ 713