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NET GAIN ON TRADING SECURITIES | 3 Months Ended
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Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract] |
Net Gain on Trading Securities | NET GAIN ON TRADING SECURITIES Net gain on trading securities is comprised of:
| Three Months Ended December 31, 2021 |  | Three Months Ended December 31, 2020
| (Recast) |  | (Recast)
Net gain recognized during the period on trading securities sold during the period | $ | 41,386 |  |  | $ | 6,571 |
Net unrealized (loss)/gain recognized during the reporting period on trading securities still held at the reporting date | (34,372) |  |  | 7,401 |
Net gain recognized during the period on trading securities | $ | 7,014 |  |  | $ | 13,972 |
| Nine Months Ended December 31, 2021 |  | Nine Months Ended December 31, 2020
| (Recast) |  | (Recast)
Net gain recognized during the period on trading securities sold during the period | $ | 189,783 |  |  | $ | 13,563 |
Net unrealized (loss)/gain recognized during the reporting period on trading securities still held at the reporting date | 5,487 |  |  | 5,680 |
Net gain recognized during the period on trading securities | $ | 195,270 |  |  | $ | 19,243 |
As of December 31, 2021, and March 31, 2021, the Company held in its proprietary trading portfolio shares SPBX at fair value of $7,182 and $18,371, respectively. During the three months ended December 31, 2021, the Company exchanged approximately 1,000,000 shares of its stock of SPBX for units in the closed-end unit investment combined fund “SPB fund” (the “SPBX ETF”) and sold those SPBX ETF units to approximately 490 investors through placement agents for net proceeds of $11,338. Additionally, during the three months ended December 31, 2021, the Company sold approximately 2,423,000 shares of SPBX to the market for net proceeds of $32,858. As a result, during the three months ended December 31, 2021, the Company recognized net gain on trading securities sold of $39,658, which included $36,079 of unrealized net gain recognized during previous periods that was reclassified to realized gain during the three months ended December 31, 2021. During the nine months ended December 31, 2021, the Company exchanged approximately 12,500,000 shares of its stock of SPBX for units in the SPBX ETF. During the nine months ended December 31, 2021, the Company sold its SPBX ETF units to approximately 15,490 investors through placement agents for net proceeds of $167,011. Additionally, during the three months ended December 31, 2021, the Company sold approximately 2,423,000 shares of SPBX to the market for net proceeds of $32,858. As a result, during the nine months ended December 31, 2021, the Company recognized net gain on trading securities sold of $189,783, which included $177,146 of realized gain from the sale of the SPBX ETF and SPBX shares.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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