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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Mar. 31, 2023
Current Assets    
Cash $ 2,665,852 $ 828,689
Restricted cash 6,272,350 5,488,511
Receivables from broker-dealers and clearing organizations 609,939 4,607,918
Receivables from customers, net 248,063 1,505,627
Other assets, current, net 2,452,655 71,893
Total current assets 12,256,426 12,503,857
Operating lease right-of-use assets 280,903 62,868
Deferred tax assets, net 2,660 163
Property and equipment, net 20,302 28,188
Intangible assets 63,891 63,694
Deferred initial public offering (“IPO”) costs 442,762
Other assets, non-current, net 3,959,651 29,299
Total assets 16,583,833 13,130,831
Current liabilities    
Payables to customers 6,135,327 8,135,442
Payables to broker-dealers and clearing organizations 138,513 2,030,523
Income tax payable 15,855
Operating lease liabilities, current 91,990 69,584
Accrued expenses and other liabilities 83,479 23,132
Subscribed shares deposit liabilities 794,903
Total current liabilities 7,100,413 11,183,825
Operating lease liabilities, non-current 197,932
Total liabilities 7,298,345 11,183,825
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized;15,625,000 and 11,475,000 shares issued and outstanding as of March 31, 2024 and 2023, respectively* [1] 1,563 1,148
Additional paid-in capital 14,033,722 2,024,327
Accumulated deficit (4,668,973) (79,495)
Accumulated other comprehensive (loss) income (80,824) 1,026
Total shareholders’ equity 9,285,488 1,947,006
Total liabilities and shareholders’ equity 16,583,833 13,130,831
Related Party    
Current Assets    
Receivables from customers-related parties, net 3,709 1,219
Amounts due from related party, net 3,858
Current liabilities    
Payables to customers-related parties 635,249 123,144
Amounts due to related parties $ 7,097
[1] Shares and per share data are presented on a retroactive basis to reflect the ordinary shares issuance and share split.