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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:      
Net loss $ (4,589,478) $ (207,169) $ (510,905)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 9,421 10,455 5,122
Allowance for expected credit losses 7,668
Amortization of operating lease right-of-use assets and interest of lease liabilities 72,816 71,124 6,052
Share based compensation expenses 1,871,499
Deferred tax (benefits) expenses (2,497) (524) 792
Change in operating assets and liabilities:      
Receivables from broker-dealers and clearing organizations 4,012,562 (3,426,189) 533,882
Receivables from customers 1,253,197 (644,840) (26,237)
Other assets (6,312,352) (14,099) 46,255
Payables to customers (1,513,641) 835,925 (6,023,797)
Payables to broker-dealers and clearing organizations (1,898,448) 1,617,042 (931,061)
Operating lease liabilities (70,534) (70,407)
Income tax payable 15,856
Accrued expenses and other liabilities 53,161 (47,614) (20,132)
Net cash used in operating activities (7,090,770) (1,876,296) (6,920,029)
Cash flows from investing activity:      
Purchases of property and equipment (1,448) (22,194) (18,313)
Net cash used in investing activity (1,448) (22,194) (18,313)
Cash flows from financing activities:      
Proceeds from issuance of common shares pursuant to IPO, net of issuance cost 10,133,680
Payments of offering costs related to IPO (435,835) (407,655) (35,970)
Deposits received related to subscribed shares 796,001
Financings obtained from related parties 539
Financing provided to a related party (3,895)
Net cash provided by (used in) financing activities 9,693,950 388,346 (35,431)
Effect of exchange rate changes on cash and restricted cash 19,270 (15,458) (85,440)
Net increase (decrease) in cash and restricted cash 2,621,002 (1,525,602) (7,059,213)
Cash and restricted cash, beginning of year 6,317,200 7,842,802 14,902,015
Cash and restricted cash, end of year 8,938,202 6,317,200 7,842,802
Reconciliation of cash and restricted cash to the consolidated balance sheets      
Cash 2,665,852 828,689 838,051
Restricted cash 6,272,350 5,488,511 7,004,751
Total cash and restricted cash 8,938,202 6,317,200 7,842,802
Supplemental non-cash investing and financing activities      
Deferred IPO cost charged to additional paid-in capital 2,156,587
Forgiveness of debt by major shareholders 2,025,475
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 288,928 137,473
Supplemental disclosures of cash flow information:      
Cash refunded for taxes, net $ 83,106