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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property and Equipment The estimated useful lives of property and equipment are as follows:
Computer equipment  3 years
Furniture and office equipment  5 years
Leasehold improvements  Shorter of lease term or 5 years
Schedule of Disaggregated Information of Revenue Disaggregated information of revenue by major sources are as follows:
  

For the Years Ended

March 31, 2024

 
   Third parties   Related
parties
   Total 
Revenue from contracts with customers recognized at a point in time            
Brokerage commissions related to            
exchange in Hong Kong  $371,930   $3,998   $375,928 
exchanges in United States   19,130    3,121    22,251 
                
Underwriting and placement income related to               
equity securities   109,316    
-
    109,316 
bonds and others   43,322    
-
    43,322 
                
Introducing and referral income   264,941    
-
    264,941 
                
Handling income on               
custodian services   108,218    2,078    110,296 
dividend collection   17,518    52    17,570 
                
Revenue from contracts with customers recognized over time               
Advisory fees   420,918    
-
    420,918 
                
Interest income and others   42,489    1,438    43,927 
   $1,397,782   $10,687   $1,408,469 
  

For the Years Ended

March 31, 2023

 
   Third parties   Related
parties
   Total 
Revenue from contracts with customers recognized at a point in time            
Brokerage commissions related to            
exchange in Hong Kong  $445,057   $10,854   $455,911 
exchanges in United States   365,281    78,525    443,806 
other exchanges   831    364    1,195 
                
Underwriting and placement income related to               
equity securities   914,234    
-
    914,234 
bonds and others   660,379    
-
    660,379 
                
Introducing and referral income   278,688    
-
    278,688 
                
Handling income on               
custodian services   350,706    2,262    352,968 
dividend collection   17,167    13    17,180 
                
Revenue from contracts with customers recognized over time               
Investment management fee income   30,622    2,840    33,462 
                
Interest income and others   91,311    10,162    101,473 
   $3,154,276   $105,020   $3,259,296 

 

  

For the Years Ended

March 31, 2022

 
   Third parties   Related parties   Total 
Revenue from contracts with customers recognized at a point in time            
Brokerage commissions related to            
exchange in Hong Kong  $548,300   $40,637   $588,937 
exchanges in United States   183,226    693,681    876,907 
other exchanges   9,810    1,083    10,893 
                
Underwriting and placement income related to               
equity securities   293,709    
-
    293,709 
bonds and others   61,662    
-
    61,662 
                
Introducing and referral income   210,009    
-
    210,009 
                
Handling income on               
custodian services   69,774    
-
    69,774 
dividend collection   106,706    498    107,204 
                
Revenue from contracts with customers recognized over time               
Investment management fee income   21,368    1,793    23,161 
                
Interest income and others   58,587    5,593    64,180 
   $1,563,151   $743,285   $2,306,436 
Schedule of Interest Income and Others Recognized Interest income and others recognized for the years ended March 31, 2024, 2023 and 2022 is broken down as below.
  

For the Years Ended

March 31,

 
   2024   2023   2022 
Interests on bank deposits  $1,830   $314   $10 
Interests on customers’ overdue   36,838    47,001    60,828 
Government subsidies   
-
    50,822    
-
 
Sundry income   5,259    3,336    3,342 
   $43,927   $101,473   $64,180 

 

Schedule of Exchange Rates Used in Preparing Financial Statements The following table outlines the exchange rates that are used in preparing these consolidated financial statements:
   As of March 31, 
   2024   2023 
Year-end spot rate   7.8259    7.8500 
  

For the Years Ended

March 31,

 
   2024   2023   2022 
Average rate   7.8252    7.8392    7.7843