v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Revenues      
Principal transactions and proprietary trading $ 520,264 $ 105,483 $ (715,309)
Total revenues 11,082,924 7,447,944 10,055,809
Operating costs and expenses      
Commissions and brokerage fees 3,052,843 246,259 401,843
Interest expenses 922,556 289,943 158,441
Compensation and benefits 4,676,168 3,222,730 2,108,656
Share-based compensation expenses 7,060,640 8,788,109 0
Research and development expenses 726,299 427,672 0
Professional service fees 2,562,180 1,747,163 1,957,781
Market information 1,428,199 880,827 580,584
Lease costs 564,547 532,552 435,824
Allowance for expected credit losses 1,256,873 0 0
Marketing fee 829,539 0 0
Other general and administrative expenses 1,648,841 988,179 666,741
Total operating costs and expenses 25,609,716 18,099,299 7,112,615
Operating (loss) income (14,526,792) (10,651,355) 2,943,194
Other income (loss):      
Income from foreign currency spread 501,867 150,987 49,694
Disposal loss from investment in equity securities, at NAV (929,344) 0 0
Equity in losses of equity method investment (31,603) (578,256) 0
Impairment loss on investment, cost (126,637) (618,630) 0
Others (39,829) (116,823) (56,400)
Total other loss (625,546) (1,162,722) (6,706)
(Loss) income before income tax expenses (15,152,338) (11,814,077) 2,936,488
Income tax expense 0 (153,428) (439,934)
Net (loss) income $ (15,152,338) $ (11,967,505) $ 2,496,554
Net (loss) income per ordinary share, Basic (in dollars per share) $ (0.31) $ (0.29) $ 0.04
Net (loss) income per ordinary share, Diluted (in dollars per share) $ (0.31) $ (0.29) $ 0.04
Weighted average ordinary shares outstanding, Basic (in shares) 48,223,688 41,793,690 62,816,064
Weighted average ordinary shares outstanding, Diluted (in shares) 48,223,688 41,793,690 62,816,064
Net (loss) income: $ (15,152,338) $ (11,967,505) $ 2,496,554
Other comprehensive (loss) income, net of tax:      
Foreign currency translation adjustment (126,178) 83,466 85,550
Total comprehensive (loss) income (15,278,516) (11,884,039) 2,582,104
Nonrelated Party [Member]      
Revenues      
Brokerage and commission income 5,757,763 1,824,412 6,472,535
Interest income 1,638,632 135,938 150,819
Software licensing and related support services income 922,960 602,217 176,303
Operating costs and expenses      
Software licensing and related support outsourcing cost 328,236 0 0
Related Parties [Member]      
Revenues      
Brokerage and commission income 1,390,497 2,539,260 1,757,731
Interest income 452,808 1,040,634 1,016,179
Software licensing and related support services income 400,000 1,200,000 1,197,551
Operating costs and expenses      
Software licensing and related support outsourcing cost $ 552,795 $ 975,865 $ 802,745