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ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES (Tables)

3 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

As of the acquisition date by Timur Turlov, the fair value of Freedom Life was $12,076. The total purchase price was allocated as follows:

			Purchase price allocation As of February 28, 2018
ASSETS
Cash and cash equivalents			$	3,494
Due from banks			2,514
Loans issued			2
Other assets			1,671
Assets from insurance activity			3,729
Deferred acquisition costs			542
Available-for-sale securities, at fair value			15,842
Fixed assets			171
Intangible assets			5,823
Deferred tax assets			141
TOTAL ASSETS			33,929
Deferred income tax liabilities			47
Other liabilities			139
Liabilities from insurance activity			21,667
TOTAL LIABILITIES			21,853
Net assets acquired			12,076
Goodwill			526
Total purchase price			$	7,009
Fair value of non-controlling interest at acquisition			5,593

As of the acquisition date by Timur Turlov, the fair value of Freedom Insurance was $4,101. The total purchase price was allocated as follows:

			Purchase price allocation As of August 22, 2018
ASSETS:
Cash and cash equivalents			$	1,224
Due from banks			1,041
Other assets			17
Assets from insurance activity			45
Current income tax asset			5
Available-for-sale securities, at fair value			1,846
Fixed assets			2
Intangible assets			207
Deferred tax assets			2
TOTAL ASSETS			4,389
LIABILITIES:
Other liabilities			214
Liabilities from insurance activity			74
TOTAL LIABILITIES			288
Net assets acquired			4,101
Goodwill			187
Total purchase price			$	4,288

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- References

No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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