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SEGMENT REPORTING (Tables)

12 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize the Company's Statement of operation by its geographic segments. There are no revenues from transactions between the segments and intercompany balances were eliminated for separate:

			Year ended March 31, 2023
STATEMENTS OF OPERATIONS			Central Asia and Eastern Europe						Europe, excluding Eastern Europe						US						Middle East/Caucasus						Total
Fee and commission income(1)			$	106,982					$	215,408					$	4,825					$	—					$	327,215
Net gain/(loss) on trading securities			92,330						(22,693)						1,447						—						71,084
Interest income			257,285						26,090						11,289						31						294,695
Insurance underwriting income			115,371						—						—						—						115,371
Net gain/(loss) on foreign exchange operations			58,908						(2,287)						(4,479)						12						52,154
Net loss on derivative			(64,826)						—						—						—						(64,826)
TOTAL REVENUE, NET			566,050						216,518						13,082						43						795,693
Fee and commission expense			$	34,939					$	29,426					$	1,238					$	57					$	65,660
Interest expense			172,326						22,042						14,579						—						208,947
Insurance claims incurred, net of reinsurance			77,329						—						—						—						77,329
Payroll and bonuses			56,774						16,090						7,818						1,137						81,819
Professional services			1,594						7,397						7,875						140						17,006
Stock compensation expense			6,582						550						2,161						—						9,293
Advertising expense			7,847						5,900						186						126						14,059
General and administrative expense			34,754						20,496						4,095						626						59,971
Provision for impairment losses			12,522						15,070						1,527						—						29,119
Other (income)/expense, net			(4,485)						1,101						(14)						(50)						(3,448)
TOTAL EXPENSE			400,182						118,072						39,465						2,036						559,755
INCOME/(LOSS) BEFORE INCOME TAX FROM CONTINUING OPERATIONS			$	165,868					$	98,446					$	(26,383)					(1,993)						$	235,938
Income tax expense			(625)						(21,813)						(20,278)						(60)						(42,776)
NET INCOME/(LOSS) FROM CONTINUING OPERATIONS			$	165,243					$	76,633					$	(46,661)					(2,053)						$	193,162

			Year ended March 31, 2022 (Recasted)
STATEMENTS OF OPERATIONS			Central Asia and Eastern Europe						Europe, excluding Eastern Europe						US						Middle East/Caucasus						Total
Fee and commission income(1)			$	23,652					$	307,014					$	4,545					$	—					$	335,211
Net gain on trading securities			10,511						142,195						2,546						—						155,252
Interest income			107,075						14,051						483						—						121,609
Insurance underwriting income			72,981						—						—						—						72,981
Net gain/(loss) on foreign exchange operations			7,824						(5,598)						1,565						—						3,791
Net gain on derivative			946						—						—						—						946
TOTAL REVENUE, NET			222,989						457,662						9,139						—						689,790
Fee and commission expense			20,610						64,519						780						—						85,909
Interest expense			66,392						8,747						1,808						—						76,947
Insurance claims incurred, net of reinsurance			54,447						—						—						—						54,447
Payroll and bonuses			32,562						9,419						4,224						83						46,288
Professional services			1,773						5,540						5,295						74						12,682
Stock compensation expense			4,768						677						2,414						—						7,859
Advertising expense			4,684						7,217						9						6						11,916
General and administrative expense			16,770						4,894						1,749						120						23,533
Provision for impairment losses			2,441						61						—						—						2,502
Other expense/(income), net			3,138						7						872						(3)						4,014
TOTAL EXPENSE			207,585						101,081						17,151						280						326,097
INCOME/(LOSS) BEFORE INCOME TAX FROM CONTINUING OPERATIONS			$	15,404					$	356,581					$	(8,012)					(280)						$	363,693
Income tax (expense)/benefit			1,195						(26,786)						(12,988)						9						(38,570)
NET INCOME/(LOSS) FROM CONTINUING OPERATIONS			$	16,599					$	329,795					$	(21,000)					(271)						$	325,123

			Year ended March 31, 2021 (Recasted)
STATEMENTS OF OPERATIONS			Central Asia and Eastern Europe						Europe, excluding Eastern Europe						US						Middle East/Caucasus						Total
Fee and commission income(1)			$	20,567					$	194,311					$	1,130					$	—					$	216,008
Net gain on trading securities			21,310						8						7,489						—						28,807
Interest income			34,158						3,634						682						—						38,474
Insurance underwriting income			62,951						—						—						—						62,951
Net gain/(loss) on foreign exchange operations			1,072						(300)						(215)						—						557
Net gain on derivative			86						—						—						—						86
TOTAL REVENUE, NET			140,144						197,653						9,086						—						346,883
Fee and commission expense			7,412						62,430						695						—						70,537
Interest expense			16,608						3,663						2,173						—						22,444
Insurance claims incurred, net of reinsurance			52,405						—						—						—						52,405
Payroll and bonuses			16,878						5,398						1,156						3						23,435
Professional services			685						769						2,975						1						4,430
Stock compensation expense			—						56						58						—						114
Advertising expense			3,566						3,386						19						—						6,971
General and administrative expense			8,036						2,518						553						11						11,118
Provision for impairment losses			1,086						108						396						—						1,590
Other expense/(income), net			2,052						(3)						(15)						—						2,034
TOTAL EXPENSE			108,728						78,325						8,010						15						195,078
INCOME/(LOSS) BEFORE INCOME TAX FROM CONTINUING OPERATIONS			$	31,416					$	119,328					$	1,076					(15)						$	151,805
Income tax (expense)/benefit			111						(13,859)						(9,559)						—						(23,307)
NET INCOME/(LOSS) FROM CONTINUING OPERATIONS			$	31,527					$	105,469					$	(8,483)					(15)						$	128,498

(1) All trading of U.S. and European exchange traded and OTC securities by all Freedom securities brokerage firms, excluding PrimeEx, are routed to and executed through Freedom EU and all fee and commission income for those transactions is recognized at subsidiary received the initial order from external client.

The following tables summarize the Company's total asset and total liabilities by its geographic segments. Intercompany balances were eliminated for separate disclosure:

			March 31, 2023
			Central Asia and Eastern Europe						Europe, excluding Eastern Europe						US						Middle East/ Caucasus						Held for sale						Total
Total assets			$	4,303,126					$	677,425					$	101,365					$	2,642											$	5,084,558
Total liabilities			3,868,326						384,921						60,198						377												4,313,822
Net assets			$	434,800					$	292,504					$	41,167					$	2,265											$	770,736

			March 31, 2022 (Recasted)
			Central Asia and Eastern Europe						Europe, excluding Eastern Europe						US						Middle East/ Caucasus						Held for sale						Total
Total assets			$	1,466,214					$	765,698					$	172,661					$	355					$	825,419					$	3,230,347
Total liabilities			1,206,084						489,884						175,121						172						812,478						2,683,739
Net assets			$	260,130					$	275,814					$	(2,460)					$	183					$	12,941					$	546,608

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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