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Fair Value
 12 Months Ended
Mar. 31, 2025
Fair Value [Abstract]  
Fair Value

7. Fair Value

 

The following table presents information about the Company’s assets by major category measured at fair value on a recurring basis as of March 31, 2025 and 2024, and indicates the fair value hierarchy of the valuation technique utilized by the Company to determine such fair value.

 

Assets measured at fair value on a recurring basis as of March 31, 2025 and 2024:

 

   March 31, 2025 
   Carrying   Fair Value 
   Value   Level 1   Level 2   Level 3   Total 
Assets:                    
Securities owned, at fair value  $531,189   $531,189   $
-
   $
        -
   $531,189 
Foreign currency forward contracts   (50,669)   
-
    (50,669)   
-
    (50,669)
US Treasury notes   968,398    968,398    
-
    
-
    968,398 
Total assets at fair value  $1,448,918   $1,499,587   $(50,669)  $
-
   $1,448,918 

 

   March 31, 2024 
   Carrying   Fair Value 
   Value   Level 1   Level 2   Level 3   Total 
Assets:                    
Securities owned, at fair value  $946,619   $946,619   $-   $      -   $946,619 
Money market fund   175,373    175,373    -    -    175,373 
US Treasury notes   991,862    991,862    -    -    991,862 
Foreign currency forward contracts   468,919    -    468,919    -    468,919 
Total assets at fair value  $2,582,773   $2,113,854   $468,919   $-   $2,582,773 

 

There was no transfer between any levels during the years ended March 31, 2025, 2024, and 2023.