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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
ASSETS    
Cash and cash equivalents $ 7,612 $ 1,346
Investments, at fair value 263,769 291,371
Other assets, net (related party of $439 and $404) 50,111 49,144
Intangible assets 3,100 3,100
Goodwill 9,914 9,914
Total assets 334,506 354,875
LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT)    
Accounts payable and accrued expenses (related party of $15,343 and $14,733) 228,884 156,770
Other liabilities (related party of $22,028 and $19,360) 26,903 24,381
Warrants liability 197 227
Debt due to related parties 108,393 117,896
Total liabilities 364,377 299,274
Total temporary equity 90,526 90,526
Shareholder’s equity (deficit):    
Additional paid-in capital 1,856,723 1,844,489
Accumulated deficit (2,073,128) (2,008,052)
Treasury stock, at cost (9 shares as of June 30, 2025 and March 31, 2025) (3,444) (3,444)
Accumulated other comprehensive income (loss) (2) (2)
Noncontrolling interests 99,443 132,076
Total equity (deficit) (120,397) (34,925)
Total liabilities, temporary equity, and equity (deficit) 334,506 354,875
Preferred Series A Subclass 0    
LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT)    
Preferred Series A Subclass 0 Redeemable Unit Accounts, nonunitized 90,526 90,526
Series A preferred stock    
Shareholder’s equity (deficit):    
Preferred stock 0 0
Series B preferred stock    
Shareholder’s equity (deficit):    
Preferred stock 2 0
Class A common stock    
Shareholder’s equity (deficit):    
Common stock 9 8
Class B    
Shareholder’s equity (deficit):    
Common stock 0 0
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Investments, at fair value $ 263,769 $ 291,371