| Performance and Several Key Metrics |
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
|
|
|