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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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