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MARGIN LENDING AND TRADE PAYABLES

12 Months Ended

Mar. 31, 2024

Accounts Payable [Abstract]

MARGIN LENDING AND TRADE PAYABLES

MARGIN LENDING AND TRADE PAYABLES

As of March 31, 2024 and 2023, margin lending and trade payables of the Group were comprised of the following:

			March 31, 2024						March 31, 2023
Margin lending payable			$	839,454					$	117,144
Payables to merchants			13,475						382
Payables to suppliers of goods and services			10,525						2,965
Trade payable for securities purchased			485						482
Other			3,941						1,927
Total margin lending and trade payables			$	867,880					$	122,900

As of March 31, 2024 there were no margin lending payable to any related party. As of March 31, 2023, margin lending payable to a single related party amounted to $3,239, which represented 3% of the total margin lending payable.

The fair value of collateral by the Group under margin loans as of March 31, 2024, and 2023 was $2,400,361 and $164,861, respectively.

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- Definition

The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a),20,24)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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- References

No definition available.

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