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Variable Interest Entity | 12 Months Ended
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Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Variable Interest Entity | Variable Interest Entity The Company transfers pools of eligible loans receivable to the Warehouse to secure debt for general funding purposes. The Warehouse, a SPE of the Company, is considered a VIE under ASC 810, Consolidation, and is consolidated into the financial statements of the Company as the Company is determined to be the primary beneficiary of the Warehouse. Debt under the Warehouse Facility is supported by the expected cash flows from the underlying collateralized loans receivable. Collections on these loans receivable are remitted to a restricted cash collection account, which totaled $15.6 million as of March 31, 2026. The Company also maintains a restricted cash reserve account, which totaled $2.0 million as of March 31, 2026. Cash inflows from the pledged loans receivable are distributed in accordance with the Credit Agreement's monthly contractual priority of payments, which include the Warehouse's lenders and service providers. Additionally, the Warehouse pays a servicing fee to the Company, which is eliminated in consolidation, as the Company continues to service the loans receivable transferred to the Warehouse. Cash inflows remaining after the contractual payments are distributed to the Company, which is permitted under the Credit Agreement. The following table presents the assets and liabilities of our consolidated VIE:
| March 31, 2026 | March 31, 20253 |  |  |  |
ASSETS |  |  |  |  |  |
Gross loans receivable | $ | 228,285,593 |  | $ | — |  |  |  |  |
Less: |  |  |  |  |  |
Unearned interest, insurance and fees | (59,193,501) |  | — |  |  |  |  |
Allowance for credit losses | (18,563,362) |  | — |  |  |  |  |
Loans receivable, net | 150,528,730 |  | — |  |  |  |  |
Restricted cash | 17,636,232 |  | — |  |  |  |  |
Other assets, net | 2,900,036 |  | — |  |  |  |  |
Total assets | $ | 171,064,998 |  | $ | — |  |  |  |  |
LIABILITIES |  |  |  |  |  |
Warehouse facility | $ | 143,293,355 |  | $ | — |  |  |  |  |
Accounts payable and accrued expenses | 855,839 |  | — |  |  |  |  |
Total liabilities | $ | 144,149,194 |  | $ | — |  |  |  |  |

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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