FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Mar. 31, 2026

Financial Assets Measured at Fair Value on Recurring Basis

The following table presents information about the Group’s financial assets that were measured at fair value on a recurring basis as of March 31, 2026 and 2025 and indicates the fair value hierarchy of the valuation techniques the Group utilized to determine such fair value.

Financial instruments owned, at fair value

	As of March 31,			Quoted prices in active markets			Significant other observable inputs			Significant other unobservable inputs
Description	2026			(Level 1)			(Level 2)			(Level 3)

Equity securities		$	1,815,017		$	1,815,017		$	—		$	—
Equity total return swap			759,640			—			759,640			—
Total		$	2,574,657		$	1,815,017		$	759,640		$	—