v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Revenues      
Total revenues $ 7,278,837 $ 5,466,243 $ 1,408,469
Expenses      
Allowance for expected credit losses, net of reversal 36,846 98,022 7,668
Amortization of intangible assets 1,015,553
Brokerage, clearing and exchange fees 3,976,506 1,427,997 69,735
Brokerage, Clearing and Exchange Fees-Related Parties 130,540
Communications and technology 2,694,539 1,817,001 437,700
Compensation and benefits 3,988,025 3,719,689 3,286,834
Depreciation 107,940 58,762 9,421
Fair value loss on equity securities investments 11,139
Loss on disposal of property and equipment 15,319
Occupancy costs 149,913 169,866 95,416
Professional fees 5,848,508 770,898 377,275
Travel and business development 3,006,840 1,514,960 1,611,485
Other administrative expenses 173,500 148,137 89,054
Total expenses 21,139,849 9,740,651 5,984,588
Loss before income taxes (13,861,012) (4,274,408) (4,576,119)
Income tax benefits (expenses) 22,785 (43,234) (13,359)
Net loss (13,838,227) (4,317,642) (4,589,478)
Other comprehensive (loss) income      
Foreign currency translation adjustments (279,439) 49,915 (81,850)
Total comprehensive loss $ (14,117,666) $ (4,267,727) $ (4,671,328)
Loss per share:      
Loss per share Basic (in Dollars per share) $ 1.38 $ 0.47 $ 0.49
Loss per share Diluted (in Dollars per share) $ 1.38 $ 0.47 $ 0.49
Weighted average number of ordinary shares outstanding:      
Weighted average number of ordinary shares outstanding Ordinary shares - Basic (in Shares) [1] 9,999,506 9,281,875 9,271,806
Weighted average number of ordinary shares outstanding Ordinary shares – Diluted (in Shares) [1] 9,999,506 9,281,875 9,271,806
Advisory fees      
Revenues      
Total revenues $ 392,559 $ 10,624 $ 420,918
Brokerage commissions      
Revenues      
Total revenues 974,361 302,366 391,060
Brokerage commissions-related parties      
Revenues      
Total revenues 5,900 26,880 7,119
Due diligence services fees      
Revenues      
Total revenues 79,543
Handling income      
Revenues      
Total revenues 1,308,731 127,745 125,736
Handling income-related parties      
Revenues      
Total revenues 91 2,130
Introducing and referral income      
Revenues      
Total revenues 2,404,433 4,681,683 264,941
Investment management fee income      
Revenues      
Total revenues 377,399 60,012
Investment management fee income-related party      
Revenues      
Total revenues 117,702
Underwriting and placement income      
Revenues      
Total revenues 1,442,673 114,091 152,638
Interest income and others      
Revenues      
Total revenues 253,818 61,019 42,489
Interest income and others-related parties      
Revenues      
Total revenues $ 1,170 $ 2,280 $ 1,438
[1] Shares and per share data presented for all periods have been retrospectively adjusted to reflect (i) the recapitalization effected through the share allotments on April 3, 2023 and April 20, 2023, which was reflected in prior period financial statements, and (ii) the 200-for-1 reverse share split of the Company’s Class A ordinary shares effected on March 6, 2026. The reverse share split has been applied retroactively to all Class A ordinary share amounts and per share data presented herein. Class B ordinary shares were not subject to the reverse share split.