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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Statement of Cash Flows [Abstract]      
Net income $ 3,397,743 $ 3,491,305 $ 5,044,670
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation 25,496 10,778 13,288
Amortization of right of use assets 95,449 53,799
Share-based compensation 50,137
Change in operating assets and liabilities:      
Receivables from customers (2,550,987) (1,092,804)
Loans receivable from customers (3,855,220)    
Receivables from customers – related party (1,523,259)
Receivables from broker-dealers and clearing organizations (859,053) 193,103 2,429,830
Securities owned, at fair value (1,453,660) (812,063) (347,112)
Other assets 140,566 (143,229) 35,826
Payable to customers 298,172 (6,636) (2,872,467)
Payables to customers – related party (56,215) 78,006  
Accrued expenses and other liabilities 357,681 13,830 (40,655)
Income tax recoverable and payable 5,869 (149,579) 70,388
Lease liabilities (104,170) (51,589)
Net cash (used in) provided by operating activities (6,031,451) 1,584,921 4,333,768
Cash flows from investing activities:      
Purchases of fixed assets (86,443) (413,890) (16,278)
Investment in a joint venture (256,420)
Deposit for long-term investments (200,000)
Loans made to a third party (5,000,000)
Investment in available-for-sale investment (1,000,000)    
Net cash used in investing activities (6,542,863) (413,890) (16,278)
Cash flows from financing activities:      
Proceeds from issuance of common shares pursuant to IPO, net of issuance cost 22,650,871
Payments for repurchase of warrants (150,000)
Payment of dividends (5,202,494)
Amount due from a related party 2,876,244
Net cash provided by (used in) financing activities 22,500,871 (2,326,250)
Net increase in cash, cash equivalents and restricted cash 9,914,966 1,171,031 1,991,240
Cash, cash equivalents and restricted cash, beginning of year 7,956,759 6,835,476 4,864,497
Effect of exchange rates on cash, cash equivalents and restricted cash (37,423) (49,748) (20,261)
Cash, cash equivalents and restricted cash, end of year 17,834,302 7,956,759 6,835,476
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets      
Cash and cash equivalents 15,954,830 6,199,213 4,858,052
Restricted cash 1,879,472 1,757,546 1,977,424
Total cash, cash equivalents, and restricted cash 17,834,302 7,956,759 6,835,476
Non-cash operating, investing and financing activities      
Right of use assets obtained in exchange for operating lease obligations 9,858 298,178
Accrual of repurchase of warrants 150,000    
Supplemental disclosures of cash flow information:      
Cash paid for interest 7,710
Cash paid for taxes, net of refunds $ 25,652 $ 103,324