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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
ASSETS    
Cash and cash equivalents $ 11,248 $ 8,726 [1]
Restricted cash 20 819 [1]
Investments 378,420 497,221
Other assets, net (related party of nil and $2,195) 26,061 32,903 [1]
Intangible assets 3,100 3,100 [1]
Goodwill 81,714 2,367,926 [1]
Total assets 500,563 2,910,695 [1]
LIABILITIES, TEMPORARY EQUITY, AND EQUITY    
Accounts payable and accrued expenses (related party of $14,032 and $10,485) 96,194 65,724 [1]
Other liabilities (related party of nil and $100) 20,986 14,622 [1]
Warrant liability 161 0 [1]
Customer ExAlt Trusts loan payable, net 0 52,129 [1]
Debt due to related party, net 128,197 99,314 [1]
Total liabilities 245,538 231,789 [1]
Total temporary equity 251,052 950,493 [1]
Shareholder’s equity:    
Additional paid-in capital 1,843,493 1,579,545 [1]
Accumulated deficit (1,992,992) 0 [1]
Stock receivable (20,038) 0 [1]
Treasury stock, at cost (544 shares as of December 31, 2023 and March 31, 2023) (3,444) (3,444) [1]
Accumulated other comprehensive income 442 9,900 [1]
Noncontrolling interests 176,236 142,213 [1]
Total equity [2] 3,973 1,728,413 [1]
Total liabilities, temporary equity, and equity 500,563 2,910,695 [1]
Preferred Series A Subclass 0    
LIABILITIES, TEMPORARY EQUITY, AND EQUITY    
Redeemable noncontrolling interests 251,052 251,052 [1]
Preferred Series A Subclass 1    
LIABILITIES, TEMPORARY EQUITY, AND EQUITY    
Redeemable noncontrolling interests 0 699,441 [1]
Series A preferred stock    
Shareholder’s equity:    
Preferred stock 0 0 [1]
Series B-1 preferred stock    
Shareholder’s equity:    
Preferred stock 0 0 [1]
Common Class A    
Shareholder’s equity:    
Common stock 257 180 [1]
Common Class B    
Shareholder’s equity:    
Common stock 19 19 [1]
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Investments 378,382 491,859 [1]
Beneficient    
ASSETS    
Investments $ 38 $ 5,362 [1]
[1] Retroactively adjusted March 31, 2023 for the de-SPAC merger transaction as described in Note 4. Such adjustments are unaudited.
[2] Retroactively adjusted March 31, 2023 for de-SPAC merger transaction as described in Note 4.