XML 37 R4.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Revenues      
Advisory fees $ 420,918
Brokerage commissions 391,060 811,169 741,336
Underwriting and placement income 152,638 1,574,613 355,371
Introducing and referral income 264,941 278,688 210,009
Handling income 125,736 367,873 176,480
Investment management fee income 30,622 21,368
Interest income and others 42,489 91,311 58,587
Total revenues 1,408,469 3,259,296 2,306,436
Expenses      
Brokerage, clearing and exchange fees 69,735 193,135 745,557
Sub-underwriting and sub-placement fees 7,654 123,186
Compensation and benefits 3,286,834 2,103,492 1,412,080
Communications and technology 437,700 116,435 111,832
Deprecation 9,421 10,455 5,122
Occupancy costs 95,416 85,220 49,470
Professional fees 377,275 636,240 107,122
Travel and business development 1,611,485 236,112 158,185
Other administrative expenses 96,722 78,246 100,141
Total expenses 5,984,588 3,466,989 2,816,549
Loss before income taxes (4,576,119) (207,693) (510,113)
Income tax (expenses) income (13,359) 524 (792)
Net loss (4,589,478) (207,169) (510,905)
Other comprehensive loss      
Foreign currency translation adjustments (81,850) (2) (2,388)
Total comprehensive loss $ (4,671,328) $ (207,171) $ (513,293)
Loss per share:      
Loss per share Basic (in Dollars per share) $ 0.34 $ 0.02 $ 0.06
Weighted average number of ordinary shares outstanding:      
Weighted average number of ordinary shares outstanding Ordinary shares - Basic (in Shares) 13,611,189 11,475,000 9,203,579
Related party      
Revenues      
Brokerage commissions $ 7,119 $ 89,743 $ 735,401
Handling income 2,130 2,275 498
Investment management fee income 2,840 1,793
Interest income and others 1,438 $ 10,162 5,593
Expenses      
Other administrative expenses   $ 3,854