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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 43,831,000 $ (2,462,606,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 1,252,000 3,033,000
Net amortization of debt premium and discount (related party of $202 and $(1,860)) 202,000 (1,261,000)
Loss on extinguishment of debt, net 0 8,846,000
Loss on impairment of goodwill 3,692,000 2,286,212,000
Loss on financial instruments, net (related party of $(546) and $(64,217)) 1,885,000 64,260,000
Investment income, net (24,311,000) (7,935,000)
Non cash interest expense (related party of $7,124 and $7,427) 9,559,000 14,474,000
Non cash interest income (9,000) (338,000)
Non cash share-based compensation 5,162,000 37,530,000
Provision for credit losses 1,000,000 0
Release of loss contingency related to arbitration award (54,973,000) 0
Provision for deferred taxes 713,000 0
(Gain) loss on liability resolution (23,462,000) 0
Changes in assets and liabilities:    
Changes in other assets (33,970,000) 978,000
Changes in accounts payable and accrued expenses 40,171,000 4,440,000
Changes in other liabilities and deferred revenue 0 2,797,000
Net cash used in operating activities (29,258,000) (49,570,000)
Cash flows from investing activities:    
Return of investments in alternative assets held by Customer ExAlt Trusts 19,322,000 38,371,000
Purchase of investments in alternative assets held by Customer ExAlt Trusts (959,000) (1,272,000)
Purchase of premises and equipment (975,000) (1,330,000)
Proceeds from sale of put options by Ben 0 968,000
Net cash provided by investing activities 17,388,000 36,737,000
Cash flows from financing activities:    
Proceeds from related party debt financings 1,675,000 25,000,000
Payments on related party debt financings, Customer ExAlt Trust loan payable (2,175,000) (6,780,000)
Proceeds from issuance of convertible debt 3,575,000 0
Payments on convertible debt (1,300,000) 0
Proceeds received from issuance of Class A common under equity purchase agreement 7,786,000 681,000
Payment of deferred financing costs for debt 0 (1,585,000)
Payment of deferred financing costs for equity (2,140,000) (5,685,000)
Distribution to noncontrolling interest 0 (269,000)
Proceeds from sale of Class A common shares 673,000 0
Payment of employee income taxes on restricted equity units 0 (116,000)
Proceeds from de-SPAC merger 0 24,761,000
Payment for prepaid forward purchase agreement 0 (20,038,000)
Net cash provided by financing activities 8,094,000 14,556,000
Net (decrease) increase in cash, cash equivalents, and restricted cash (3,776,000) 1,723,000
Cash, cash equivalents, and restricted cash at beginning of period 7,977,000 9,545,000
Cash, cash equivalents, and restricted cash at end of period 4,201,000 11,268,000
Preferred Series B Subclass 2    
Cash flows from financing activities:    
Redemption of Preferred Series B Subclass 2 Unit Accounts $ 0 $ (1,413,000)