v3.26.1
SEGMENT INFORMATION
 12 Months Ended
Mar. 31, 2026
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION
13.
SEGMENT INFORMATION

The Company operates and manages its business as one reportable and operating segment concentrating on the provisions of securities brokerage services and financial technology services. The measure of segment assets is reported on the balance sheet as total consolidated assets. The Company derives revenue primarily in Hong Kong and manages its business activities on a consolidated basis.

The Company’s CODM is a management committee that consists of Chief Executive Officer, Chief Technology Officer, and a number of other senior officers of the Company, by whom review financial information presented on a consolidated basis and decides how to allocate resources based on net income (loss). Consolidated net income (loss) is used for evaluating financial performance.

When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

   
 For the years ended March 31,
  
 
  
2026
    
 2025
    
  2024
  
Brokerage and commission income
  
$
7,148,260
    
$
4,363,672
    
$
8,230,266
  
Principal transactions and proprietary trading
    
520,264
      
105,483
      
(715,309
)
Interest income
    
2,091,440
      
1,176,572
      
1,166,998
  
Software licensing (including subscription based) and related support services income
    
1,322,960
      
1,802,217
      
1,373,854
  
Total revenues
    
11,082,924
      
7,447,944
      
10,055,809
  
Commissions and brokerage fees
    
(3,052,843
)
    
(246,259
)
    
(401,843
)
Software licensing (including subscription based) and related support outsourcing cost
    
(881,031
)
    
(975,865
)
    
(802,745
)
Interest expenses
    
(922,556
)
    
(289,943
)
    
(158,441
)
Share-based compensation
     (7,060,640 )     (8,788,109 )     —  
Research and development expenses
    
(726,299
)
    
(427,672
)
    
—
  
Allowance for expected credit losses
     (1,256,873 )     —       —  
Other operating costs and expenses
    
(11,709,474
)
    
(7,371,451
)
    
(5,749,586
)
Operating (loss) income
    
(14,526,792
)
    
(10,651,355
)
    
2,943,194
  
Other income (loss), net
    
(625,546
)
    
(1,162,722
)
    
(6,706
)
(Loss) income before income tax expense
    
(15,152,338
)
    
(11,814,077
)
    
2,936,488
  
Income tax expense
    
—
      
(153,428
)
    
(439,934
)
Net (loss) income
  
$
(15,152,338
)
  
$
(11,967,505
)
  
$
2,496,554