v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net (loss) income $ (15,152,338) $ (11,967,505) $ 2,496,554
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Allowance for expected credit losses 1,256,873 0 0
Written off deferred offering cost 381,774 0 0
Depreciation and amortization expenses 153,128 102,665 67,070
Amortization of operating right-of-use assets 532,214 553,842 369,457
Share-based compensation 7,060,640 8,788,109 0
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
Deferred income taxes 0 153,428 439,934
Gain from investment securities, at NAV, related party (160,355) 0 0
Changes in operating assets and liabilities:      
Receivables from clients, including related parties (9,646,644) 6,569,798 (7,206,712)
Receivables from broker-dealers and clearing organization 16,465 (1,379,621) 3,935,524
Receivables and contract assets from software licensing and related support services, including related parties (1,191,837) (594,567) (532,981)
Prepaid expenses and other current assets (2,584,967) (760,190) 213,282
Other assets 1,761 235,918 (284,194)
Payables to clients, including related parties 8,648,923 (7,893,666) 2,008,708
Payables to broker-dealers and clearing organization 5,462,088 5,103,768 (3,348,732)
Payables of software licensing and related support services, including related party 1,198,483 987,824 158,623
Accrued expenses and other current liabilities 33,003 (153,473) 151,547
Financial instruments owned, at fair value (2,605,644) 0 0
Other receivables (1,000,000) 0 0
Operating lease liabilities (551,583) (583,251) (315,227)
Net cash (used in) provided by operating activities (7,060,432) 359,965 (1,847,147)
Cash flows from investing activities:      
Purchase of property and equipment (323,574) (13,744) (262,091)
Purchase of investment in equity securities, at NAV (1,100,000) 0 0
Advance under convertible promissory note (777,102) 0 0
Proceeds from disposal of investment in equity securities, at NAV 170,674 0 0
Loan to ST MA Ltd 0 0 (445,893)
Purchase of investments 0 0 (7,501,453)
Net cash used in investing activities (2,030,002) (13,744) (8,209,437)
Cash flows from financing activities:      
Proceeds from bank overdrafts 1,540,585 0 0
Repayment of borrowings from a related party 0 (1,800,000) (1,500,000)
Payment for deferred offering costs (193,954) (562,591) (797,170)
Proceeds from initial public offering, net of underwriting discount and other offering costs 18,234,300 0 0
Proceeds from issuance of ordinary shares 0 5,121,620 0
Repurchase and retirement of ordinary shares 0 0 (6,000,000)
Principal payment for finance lease (3,070) (2,908) (2,298)
Net cash provided by (used in) financing activities 19,577,861 2,756,121 (8,299,468)
Effect of exchange rate changes (113,481) 145,791 148,996
Net increase (decrease) in cash, cash equivalents, cash segregated under regulatory requirements and restricted cash 10,373,946 3,248,133 (18,207,056)
Cash, cash equivalents, cash segregated under regulatory requirements and restricted cash at the beginning of the year 13,900,319 10,652,186 28,859,242
Cash, cash equivalents, cash segregated under regulatory requirements and restricted cash at the end of the year 24,274,265 13,900,319 10,652,186
Reconciliation of cash, cash equivalents, cash segregated under regulatory requirements and restricted cash      
Cash and cash equivalents 10,411,937 7,717,087 4,948,090
Cash segregated under regulatory requirements 13,733,273 6,183,232 5,704,096
Restricted cash 129,055 0 0
Cash, cash equivalents, cash segregated under regulatory requirements and restricted cash at the end of year 24,274,265 13,900,319 10,652,186
Supplemental disclosure of cash flow information:      
Income taxes paid 0 0 0
Interest paid 877,530 253,738 158,441
Supplemental schedule of non-cash investing and financing activities      
Non-cash settlement of receivable from software licensing and related support services - related party offset against payables to clients - related party 0 (330,580) 0
Obtaining operating right-of-use assets in exchange for operating lease liabilities 1,224,833 0 1,344,906
Non-cash sale of investments settled and offset against amounts due to a related party 0 0 1,982,709
Non-cash sale of investments settled and offset against amounts due to a third party 0 0 1,278,021
Non-cash deferred offering costs against accrued expenses 0 195,421 0
Non-cash deferred offering costs against additional paid in capital $ 1,058,853 $ 0 $ 0