eBullion (EBML) 10-Q 16 Nov 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Nov. 16, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	eBullion, Inc.
Entity Central Index Key	1,573,766
Amendment Flag	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		512,600,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2015	Mar. 31, 2015
Current Assets
Cash		$ 1,445,818	$ 2,513,423
Commissions receivable		40,510	118,298
Deposits and prepaid expenses		338,035	52,452
Prepaid income taxes		41,419	41,396
Total current assets		1,865,782	2,725,569
Noncurrent Assets
Deposits and prepaid expenses		147,398	223,470
Equipment, net		185,033	225,131
Loan receivable from Global Long		774,199
Deferred income taxes		15,828	10,522
Total noncurrent assets		1,122,458	459,123
Total assets		2,988,240	3,184,692
Current Liabilities
Accounts payable and accrued liabilities		31,784	35,048
Customer deposits		153,974	92,613
Income taxes		149,234	145,883
Total current liabilities		334,992	273,544
Total liabilities		334,992	$ 273,544
Commitments
Shareholders' Equity
Common stock, $0.0001 par value, 1,000,000,000 shares authorized, 512,600,000 shares issued and outstanding (1)	[1]	51,260	$ 51,260
Additional paid in capital (1)	[1]	1,477,404	1,477,404
Retained earnings		1,123,501	1,383,704
Accumulated other comprehensive income (loss)		1,083	(1,220)
Total shareholders' equity		2,653,248	2,911,148
Total liabilities and shareholders' equity		$ 2,988,240	$ 3,184,692
[1]	The capital accounts of the Company have been restated to reflect the 10 for 1 stock split which was effective in March 2015. See Note 13 for further discussion.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares		Sep. 30, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value	[1]	$ 0.0001	$ 0.0001
Common stock, shares authorized	[1]	1,000,000,000	1,000,000,000
Common stock, shares issued	[1]	512,600,000	512,600,000
Common stock, shares outstanding	[1]	512,600,000	512,600,000
[1]	The capital accounts of the Company have been restated to reflect the 10 for 1 stock split which was effective in March 2015. See Note 13 for further discussion.

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)		3 Months Ended		6 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES
Commission revenue		$ 308,419	$ 803,613	$ 842,567	$ 1,512,236
EXPENSES
General and administrative		402,090	381,274	765,317	813,594
Employee compensation and benefits		162,709	199,643	328,615	405,894
Depreciation		20,172	20,174	40,344	40,343
Total expenses		584,971	601,091	1,134,276	1,259,831
INCOME (LOSS) FROM OPERATIONS		$ (276,552)	$ 202,522	(291,709)	$ 252,405
OTHER INCOME
Rental income				9,030
Interest income, net		$ 11,645	$ 17	21,356	$ 2,323
Total other income		11,645	17	30,386	2,323
INCOME (LOSS) BEFORE INCOME TAXES		$ (264,907)	202,539	(261,323)	254,728
INCOME TAX PROVISION (BENEFIT)
Current			40,830	4,180	62,621
Deferred		$ (2,650)	(2,594)	(5,300)	(5,187)
Total income tax provision (benefit)		(2,650)	38,236	(1,120)	57,434
NET INCOME (LOSS)		(262,257)	164,303	(260,203)	197,294
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation		682	(2,460)	2,303	(2,399)
COMPREHENSIVE INCOME (LOSS)		$ (261,575)	$ 161,843	$ (257,900)	$ 194,895
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and diluted (1)	[1]	512,600,000	512,600,000	512,600,000	512,600,000
BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE
Basic and diluted earnings (loss) per common share		$ 0	$ 0	$ 0	$ 0
[1]	The Company's weighted average common shares outstanding for both basic and diluted earnings per share have been restated for the effects of the 10 for 1 stock split which was effective in March 2015. See Note 13 for further discussion.

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Shareholders' Equity - USD ($)		Total	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Mar. 31, 2014	[1]	$ 2,374,052	$ 51,260	$ 1,477,404	$ 846,405	$ (1,017)
Beginning balance, shares at Mar. 31, 2014	[1]		512,600,000
Net (income) Loss		537,299			$ 537,299
Foreign currency translation adjustment		(203)				$ (203)
Ending balance at Mar. 31, 2015		2,911,148	$ 51,260	$ 1,477,404	$ 1,383,704	$ (1,220)
Ending balance, shares at Mar. 31, 2015			512,600,000
Net (income) Loss		(260,203)			$ (260,203)
Foreign currency translation adjustment		2,303				$ 2,303
Ending balance at Sep. 30, 2015		$ 2,653,248	$ 51,260	$ 1,477,404	$ 1,123,501	$ 1,083
Ending balance, shares at Sep. 30, 2015			512,600,000
[1]	The capital accounts of the Company have been restated to reflect the 10 for 1 stock split which was effective in March 2015. See Note 13 for further discussion.

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net income (loss)	$ (260,203)	$ 197,294
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization	40,344	40,343
Changes in operating assets and liabilities:
Commissions receivable	77,838	(46,916)
Account receivable		(22,705)
Amount due from shareholder		(29,699)
Deposits and prepaid expenses	(209,317)	1,815
Accounts payable and accrued liabilities	(3,466)	(27,081)
Customer deposits	61,297	31,065
Income taxes payable	4,180	62,621
Deferred income taxes	(5,300)	(5,187)
Net cash provided by (used in) operating activities	$ (294,627)	201,550
INVESTING ACTIVITIES:
Loan receivable from eBullion Trade		$ 997,736
Loan receivable from Global Long	$ (774,042)
Net cash provided by (used in) investing activities	(774,042)	$ 997,736
NET INCREASE (DECREASE) IN CASH	(1,068,669)	1,199,286
EFFECT OF EXCHANGE RATE CHANGES ON CASH	1,064	(2,219)
Cash, beginning of period	2,513,423	808,039
Cash, end of period	$ 1,445,818	$ 2,005,106
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for income taxes

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Sep. 30, 2015
Nature of Operations and Basis of Presentation [Abstract]
Nature of Operations and Basis of Presentation	1. Nature of Operations and Basis of Presentation eBullion, Inc. (“eBullion” or “the Company”) was incorporated in Delaware on January 28, 2013. On April 3, 2013, the Company’s shareholders exchanged 100% of their shares for 100% of the shares of Man Loong Bullion Company Limited (“Man Loong”) a company which was incorporated in Hong Kong in 1974, and in 2007, was re-registered under Hong Kong law as a limited liability company. Upon completion of this transaction, Man Loong became a 100% owned subsidiary of eBullion. This transaction was accounted for as a reverse take-over. The Company provides trading services for gold and silver trading positions on Man Loong’s proprietary, 24-hour electronic trading platform, and its telephone transaction system located in Hong Kong. The Company is licensed through the Chinese Gold and Silver Exchange Society (“CGSE”) a self-regulatory organization located in Hong Kong which acts as an exchange for the trading of Kilo gold and Loco London gold and silver price indices quoted on the London Metals Exchange. The Company is not a counter party for trades entered through its trading platform and telephone transaction system, and instead, contracts with agents who pay Man Loong a fixed commission on each trade that the Company executes for its agents and their customers. Basis of Presentation The Company’s unaudited condensed consolidated financial statements are expressed in U.S. Dollars and are presented in accordance with U.S. GAAP and the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company’s and Man Loong’s fiscal year end is March 31. Principles of Consolidation The unaudited condensed consolidated financial statements as of Sept 30, 2015 and March 31, 2015 and for the three and six months ended September 30, 2015 and 2014, include the accounts of eBullion and its wholly owned subsidiary, Man Loong. All significant intercompany transactions have been eliminated.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Use of Estimates The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Changes in these estimates are recorded when known. Significant estimates made by management include: ● Valuation of assets and liabilities ● Useful lives of equipment ● Accounting for transactions with variable interest entities ● Other matters that affect the reported amounts and disclosures of contingencies in the consolidated financial statements. Actual results could differ from those estimates. Reclassifications Certain reclassifications have been made to amounts reported in the previous periods to conform to the current presentation. Such reclassifications had no effect on net income (loss). Revenue Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition Advertising Advertising costs are incurred for the production and communication of advertising, as well as other marketing activities. The Company expenses the cost of advertising as incurred. The Company did not capitalize any production costs associated with advertising for the three and six months ended September 30, 2015 and 2014. The total amount charged to advertising expense was $4,696 and $9,173 for the six months ended September 30, 2015 and 2014, respectively, and $2,818 and $6,540 for the three months ended September 30, 2015 and 2014, respectively. Cash and cash equivalents Cash and cash equivalents consist primarily of cash on deposit, certificates of deposits, money market accounts, and investment grade commercial paper that are readily convertible to cash and purchased with original maturities of six months or less. As of September 30, 2015 and March 31, 2015, the Company had no cash equivalents. Fair Value of Financial Instruments ASC 820, “Fair Value Measurements The standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy defined by the standard are as follows: Level 1 - Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, listed equities and U.S. government treasury securities. Level 2 - Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category include non-exchange-traded derivatives such as over the counter forwards, options and repurchase agreements. Level 3 - Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value from the perspective of a market participant. Level 3 instruments include those that may be more structured or otherwise tailored to customers’ needs. Commissions Receivable Commissions receivable represent commissions to be collected from agents for their customers’ trades executed across Man Loong’s electronic trade platform and telephone transaction system through the balance sheet date. Commissions receivable are typically remitted to the Company within 30 days of trade execution. The Company has not historically incurred credit losses on these commissions receivable. As of September 30, 2015 and March 31, 2015, the Company had no reserve for credit losses nor had it incurred any bad debts for the three and six months ended September 30, 2015 and 2014. Deposits and Prepaid Expenses The Company records goods and services paid for but not received until a future date as deposits and prepaid expenses. These primarily include deposits and prepayments for occupancy related expenses. Deposit or prepaid expenses which will be realized more than 12 months past the balance sheet date are classified as non-current assets in the accompanying consolidated balance sheets. Equipment Equipment is stated at cost. The cost of an asset consists of its purchase price and any directly attributable costs of bringing the asset to its present working condition and location for its intended use. Equipment is depreciated using the straight-line method over the estimated useful lives of the assets as follows: Office equipment 5 years Furniture and fixtures 5 years Computer equipment 5 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, renewals and betterments are capitalized. Gain or loss on disposal of equipment is the difference between net sales proceeds and the carrying amount of the relevant assets, if any, and is recognized as income or loss in the accompanying unaudited condensed consolidated statements of comprehensive income (loss). Variable Interest Entity A variable interest entity (“VIE”) is a legal entity, other than an individual, used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, or (b) the equity investors lack any one of the following three criteria: ● The power to direct activities that most significantly impact the entity’s economic performance ● The obligation to absorb the expected losses of the entity ● The right to receive the expected residual returns. A VIE is required to be consolidated by a reporting entity if it has a controlling financial interest in the VIE. A reporting entity is deemed to have a controlling financial interest in a VIE if it both has the power to direct the activities that most significantly impact the VIE’s economic performance and the obligation to absorb the losses or the right to receive economic benefits from the VIE that could potentially be significant to the VIE. Reporting Currency and Foreign Currency Translation As of September 30 and March 31, 2015 and for the three and six months ended September 30, 2015 and 2014, the accounts of the Company were maintained in their functional currencies, which is the U.S. dollar for eBullion and the Hong Kong dollar ("HK dollar") for Man Loong. The financial statements of Man Loong have been translated into U.S. dollars which is its reporting currency. All assets and liabilities of Man Loong are translated at the exchange rate on the balance sheet date, shareholders’ equity is translated at historical rates and the statements of comprehensive income, and statements of cash flows are translated at the weighted average exchange rate for the periods. The resulting translation adjustments for the period are reported under other comprehensive income (loss) and accumulated translation adjustments are reported as a separate component of shareholders’ equity. Foreign exchange rates at September 30 and March 31, 2015 and for the three and six months ended September 30, 2015 and 2014 are as follows: 2015 2014 Year end March 31, 2015 USD/HKD exchange rate 7.7542 Period end USD/HKD exchange rate 7.7500 7.7632 Average USD/HKD exchange rate: Six months ended September 30 7.7515 7.7517 Three months ended September 30 7.7513 7.7507 Long-Lived Assets The Company periodically evaluates the carrying value of long-lived assets when events and circumstances warrant such review. The carrying value of a long-lived assets is considered impaired when the anticipated undiscounted cash flow from such an asset is separately identifiable and is less than the carrying value. In that event, a loss is recognized in the amount by which the carrying value exceeds the fair market value of the long-lived asset. The Company has identified no such impairment losses. Accounts payable and accrued liabilities Accounts payable and accrued liabilities at September 30, 2015 and March 31, 2014 primarily consist of accrued statutory bonus payable to employees in Hong Kong, audit fees payable to the Company’s auditors and accountants and legal fees payable to the Company’s legal counsel. Customer Deposits Customer deposits at September 30, 2015 and March 31, 2015 were accepted pursuant to the Company’s agreements with certain of its independent agents. Under terms of those agreements, the Company accepts margin deposits for certain of the agents’ customers who prefer that the Company hold those deposits. If an agent’s customer suffers a trading loss equaling 80% or more of the customers’ deposit balance, the customer is required to increase the balance of his deposit or the customer’s trading position is closed and the remaining deposit balance is remitted to the agent in order to fund the customer’s trading losses. Accordingly, the Company had no risk of loss related to customer deposits at September 30, 2015 and March 31, 2015. Accumulated Other Comprehensive Income (Loss) The Company’s accumulated other comprehensive income (loss) as September 30, 2015 and 2014 consist of adjustments resulting from translating Man Loong’s functional currency, the HK dollar, to its reporting currency, the U.S. dollar. Rental Income Rental income consists of rent charged for a portion of Man Loong’s office facility which is leased on a short term lease arrangement. Agreed rental payments were $11,350 per month from April 1, 2014 until January 1, 2015, when the rent was reduced to $4,514 per month. The lease arrangement expired on March 31, 2015. Though not subject to a formal lease agreement, in April 2015, Man Loong extended the lease arrangement for a further 2 months, with agreed rental payments of $4,514 per month. For the six months ended September 30, 2015 and 2014, Man Loong recognized rental income of $9,030 and $0, respectively, and $0 and $0 for the three months ended September 30, 2015 and 2014, respectively in the accompanying unaudited condensed consolidated statements of comprehensive income. Income Taxes The Company utilizes ASC 740, Income Taxes The Company has adopted the provisions of the interpretation, of ASC 740, Accounting for Uncertainty in Income Taxes Historically, we have not provided for U.S. income and foreign withholding taxes on Man Loong’s undistributed earnings, because such earnings have been retained and reinvested by Man Loong. The Company does not intend to require Man Loong to pay dividends for the foreseeable future and so additional income taxes and applicable withholding taxes that would result from the repatriation of such earnings are not practicably determinable. Earnings (Loss) per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, Earnings Per Share Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of contracts to issue ordinary common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. The computation of diluted EPS includes the estimated impact of the exercise of contracts to purchase common stocks using the treasury stock method and the potential shares of converted common stock associated with the convertible debt using the if-converted method. Potential common shares that have an anti-dilutive effect (i.e., those that increase earnings per share or decrease loss per share) are excluded from the calculation of diluted EPS. The Company does not have any securities that may potentially dilute its basic earnings (loss) per share. On March 12, 2015, the Company effected a 10 for 1 stock split, whereby it exchanged 10 of its shares for every 1 share issued at outstanding before the split. Following the share split, the Company has 512,600,000 shares issued and outstanding. All share and per share amounts for the prior period have been retroactively restated to give effect of the 10 for 1 share split. Comprehensive Income (Loss) Comprehensive income (loss) is comprised of net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses resulting from translating Man Loong’s functional currency, the HK dollar, to its reporting currency, the U.S. dollar. Recent Accounting Pronouncements In February 2015, the FASB issued ASU 2015-02 Consolidations (Topic 810) Amendments to the Consolidation Analysis. In August 2015, the FASB issued ASU 2015-14 Revenue From Contracts With Customers (Topic 606) Deferral of the Effective Date Recent Accounting Pronouncements, Continued Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future unaudited condensed consolidated financial statements.

Deposits and Prepaid Expenses

Deposits and Prepaid Expenses	6 Months Ended
	Sep. 30, 2015
Deposits and Prepaid Expenses [Abstract]
Deposits and Prepaid Expenses	3. Deposits and Prepaid Expenses Deposits and prepaid expenses consisted of the following as of September 30, 2015 and March 31, 2015: Unaudited Audited September 30, March 31, Current Prepaid rent and occupancy expenses $ 338,035 $ 52,452 Noncurrent Rent and occupancy deposits 147,398 223,470 Total deposits and prepaid expenses $ 485,433 $ 275,922

Loan receivable from Global Lon

Loan receivable from Global Long	6 Months Ended
	Sep. 30, 2015
Loan receivable from Global Long [Abstract]
Loan receivable from Global Long	4. Loan receivable from Global Long On April 3, 2015, Man Loong loaned Global Long Inc. Limited (“Global Long”) $774,199 (HKD$6,000,000). Global Long is registered in Hong Kong and through its subsidiaries in the Peoples Republic of China, is engaged in trading silver contracts as an electronic trading member of the Guangdong Precious Metal Exchange. The loan bears interest at a 6% annual rate, matures on its 5th anniversary and is secured by a first right of claim on a bank deposit held by a subsidiary of Global Long. Under terms of the loan, interest is payable to Man Loong quarterly and Global Long has the right to repay the loan at any time before the maturity date. Until all principal and accrued interest are repaid on the loan, Global Long may not enter into additional borrowings without Man Loong’s written permission, and upon certain events of default, the Loan becomes due on demand. The purpose of the loan was to establish a relationship with Global Long with the intent of becoming their first choice for Global Long’s customers who wish to trade in gold trading positions through the CGSE. The Company determined that the loan to Global Long does not give the Company a variable interest in Global Long and that Global Long is not a variable interest entity (“VIE”) because Man Loong does not have the power to direct any of the activities of Global Long that significantly impact its economic performance. Accordingly, the Company has not consolidated Global Long into its unaudited condensed consolidated financial statements.

Loan Receivable from eBullion T

Loan Receivable from eBullion Trade	6 Months Ended
	Sep. 30, 2015
Loan receivable from eBullion Trade [Abstract]
Loan receivable from eBullion Trade	5. Loan receivable from eBullion Trade In July 2013, the Company’s wholly-owned subsidiary Man Loong, loaned eBullion Trade Company Limited (“eBullion Trade”) $997,049 (RMB 6,100,000). eBullion Trade is a development stage entity pursuing a license in the Peoples’ Republic of China for the purpose of engaging in trading silver contracts as an electronic trading member of the Guangdong Precious Metal Exchange (“GPME”). The Company determined that the loan to eBullion Trade gave the Company a variable interest in eBullion Trade and that eBullion Trade was a variable interest entity (“VIE”) because the equity investor of eBullion Trade on the date of the loan lacked sufficient equity at risk to finance its activities without the loan. However, the Company determined that it was not the primary beneficiary of the VIE, because Man Loong did not have the power to direct the activities of the VIE that significantly impacted its economic performance. Accordingly, the Company did not consolidate eBullion Trade into its unaudited condensed consolidated financial statements. The loan was unsecured, bore no interest and matured on April 17, 2014. Under terms of the loan, in the event that eBullion Trade’s GPME application was approved, it had the option to repay the loan in cash or by transferring 100% of its outstanding stock to Man Loong. In April 2014, eBullion Trade informed Man Loong that it intended to repay the loan in cash in accordance with the terms of the loan agreement, and the loan was repaid in full on May 2, 2014.

Equipment

Equipment	6 Months Ended
	Sep. 30, 2015
Equipment [Abstract]
Equipment	6. Equipment Equipment, including leasehold improvements, consisted of the following as of September 30, 2015 and March 31, 2015: Unaudited Audited September 30, March 31, Office equipment $ 305,784 $ 305,557 Computer equipment 41,577 41,546 Furniture and fixtures 56,157 56,117 403,518 403,220 Less: Accumulated depreciation (218,485 ) (178,089 ) Equipment, net $ 185,033 $ 225,131 Depreciation expense was $40,344 and $40,343 for the six months ended September 30, 2015 and 2014, respectively, and $20,172 and $20,174 for the three months ended September 30, 2015 and 2014, respectively and was recorded as depreciation expense in the accompanying unaudited condensed consolidated statements of comprehensive income (loss).

Customer Deposits

Customer Deposits	6 Months Ended
	Sep. 30, 2015
Customer Deposits [Abstract]
Customer Deposits	7. Customer Deposits Customer deposits were $153,974 and $92,613 at September 30, 2015 and March 31, 2015, respectively, and were recorded as a current liability in the accompanying condensed consolidated balance sheets.

General and Administrative Expe

General and Administrative Expenses	6 Months Ended
	Sep. 30, 2015
General and Administrative Expenses [Abstract]
General and Administrative Expenses	8. General and Administrative Expenses General and administrative expenses consist of the following for the three and six months ended September 30, 2015 and 2014. Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Marketing expenses $ 172,108 $ 148,532 $ 84,758 $ 67,584 Trading platform rent 83,465 93,909 39,183 47,562 Transportation 29,803 36,358 12,457 19,040 Internet 8,908 12,214 4,454 6,284 Travel and entertainment 3,852 7,799 701 4,058 Computers and software 16,237 21,612 8,442 7,279 Legal and professional 80,354 122,267 54,088 44,033 Licenses 26,969 1,551 25,073 821 Occupancy 298,774 295,508 149,234 147,961 Advertising 4,696 9,173 2,818 6,540 Other taxes - 1,050 - - Other 40,151 63,621 20,882 30,112 Total general and administrative expense $ 765,317 $ 813,594 $ 402,090 $ 381,274

Income Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2015
Income Taxes [Abstract]
Income Taxes	9. Income Taxes Income (loss) before income taxes as shown in the accompanying unaudited condensed consolidated statements of comprehensive income (loss) is summarized below for the three and six months ended September 30, 2015 and 2014. Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 United States $ (26,089 ) $ (97,291 ) $ (16,445 ) $ (31,167 ) Hong Kong (235,234 ) 352,019 (248,462 ) 233,706 Income before income taxes $ (261,323 ) $ 254,728 $ (264,907 ) $ 202,539 The provision (benefit) for income taxes consists of the following for the three and six months ended September 30, 2015 and 2014: Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Current: United States $ - $ - $ - $ - Hong Kong 4,180 62,621 - 40,830 Total current provision 4,180 62,621 - 40,830 Deferred: United States - - - - Hong Kong (5,300 ) (5,187 ) (2,650 ) (2,594 ) Total deferred benefit (5,300 ) (5,187 ) (2,650 ) (2,594 ) Total income tax provision $ (1,120 ) $ 57,434 $ (2,650 ) $ 38,236 The reconciliation of the income tax provision to the amount computed by applying the U.S. statutory federal income tax rate to income (loss) before income taxes is as follows: Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Income tax provision (benefit) at the U.S. statutory tax rate $ (88,850 ) $ 86,608 $ (90,068 ) $ 68,863 Valuation allowance on U.S. net operating loss carryforwards 8,870 33,079 5,591 10,597 Impact of foreign operations 78,860 (61,603 ) 81,827 (40,899 ) Other - (650 ) - (325 ) Income tax provision (benefit) $ (1,120 ) $ 57,434 $ (2,650 ) $ 38,236 At September 30, 2015, the Company had U.S. net operating loss carryforwards which expire in 2035. Based on the available evidence, it is uncertain whether future U.S. taxable income will be sufficient to offset the estimated net loss carryforwards, accordingly, the Company has recorded a valuation allowance against all of the net operating loss carryforwards as of September 30 2015. At September 30 and March 31, 2015, the Company’s and Man Loong’s differences between the book and tax basis of equipment gave rise to deferred income tax assets of $15,282 and $10,522, respectively which are recorded as noncurrent in the accompanying condensed consolidated balance sheets. The Company had no other differences between the book and tax basis of assets and liabilities as of September 30 and March 31, 2015. As a result of the implementation of ASC 740, Accounting for Income Taxes

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Sep. 30, 2015
Earnings (Loss) Per Share [Abstract]
Earnings (Loss) Per Share	10. Earnings (Loss) Per Share Earnings (loss) per share (“EPS”) information for the three and six months ended September 30, 2015 and 2014 was determined by dividing net income (loss) for the period by the weighted average number of both basic and diluted shares of common stock and common stock equivalents outstanding. As of and for the three and six months ending September 30, 2015 and 2014, the Company did not have any securities that may potentially dilute basic earnings (loss) per share. Therefore basic and diluted earnings (loss) per share for the respective years are the same. Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Numerator Net income (loss) attributable to common shareholders $ (260,203 ) $ 197,294 $ (262,257 ) $ 164,303 Denominator Weighted average shares of common stock (basic and diluted) 51,260,000 51,260,000 51,260,000 51,260,000 Basic and diluted earnings (loss) per share $ (0.00 ) $ 0.00 $ (0.00 ) $ 0.00

Related Party Transactions and

Related Party Transactions and Balances	6 Months Ended
	Sep. 30, 2015
Related Party Transactions and Balances [Abstract]
Related Party Transactions and Balances	11. Related Party Transactions and Balances The Company engaged in related party transactions with certain shareholders, and a company under common control as described below. On May 27, 2011, the Company entered into an agreement with a company under common control, True Technology Company Limited (“True Technology”), under which True Technology hosts the Company’s servers and provides a connection between the customer’s servers and the internet using True Technology’s public network connections. The fee for these services was $12,894 per month through April 2013 when the fee was reduced to $3,868 per month and is recorded as trading platform rent expense as a component of general and administrative expenses. Included in general and administrative expenses in the accompanying unaudited condensed consolidated statements of comprehensive income (loss) for the six months ended September 30, 2015 and 2014, are rental fees which were paid to True Technology of $23,221 and $23,224 respectively. Rental fees paid to True Technology for the three months ended September 30, 2015 and 2014 were $11,611 and $11,612 respectively. Included in employee compensation and benefits in the accompanying unaudited condensed consolidated statements of comprehensive income for the six months ending September 30, 2015 and 2014, are salaries and director compensation of $15,841 and $23,220 respectively, which were paid to two of the Company’s directors and shareholders. Compensation and benefits paid to these shareholders for the three months ended September 30, 2015 and 2014 were $7,740 and $11,612 respectively .

Commitments

Commitments	6 Months Ended
	Sep. 30, 2015
Commitments [Abstract]
Commitments	12. Commitments The Company leases office space under non-cancellable operating lease agreements that expire on various dates through 2019. In December 2012, the Company entered into a lease agreement on approximately 10,000 square feet of office space which replaced its previous office facilities. The Company occupied the space in January 2013. Under terms of the lease, the Company paid approximately $192,000 in lease deposits and was committed to lease and management fee payments of approximately $46,647 per month for 29 months. In September 2015, the Company entered into a new lease agreement on approximately 5,500 square feet of office space which will replace its previous office facilities. The Company will occupy the space in December 2015. Under terms of the lease, the Company paid approximately $147,397 in lease deposits and is committed to lease and management fee payments of approximately $27,209 per month for 35 months. On May 27, 2011, the Company entered into an agreement with True Technology, a company under common control under which True Technology hosts the Company’s servers and provides a connection between the customer’s servers and the internet using True Technology’s public network connections. The fees paid to True Technology are approximately $12,894 per month for 12 months after which the fees were reduced to $3,868 per month for 24 months. Subsequent to year end, the trading platform lease with True Technology was renewed for 2 years with monthly payment of approximately $3,868 until March 31, 2017. Future annual minimum lease payments, including maintenance and management fees, for non-cancellable operating leases and trading platform fees, are as follows: Years ending September 30, 2016 $ 422,714 2017 349,408 2018 326,203 2019 13,592 $ 1,111,916

Common Stock

Common Stock	6 Months Ended
	Sep. 30, 2015
Common Stock [Abstract]
Common Stock	13. Common Stock On April 3, 2013, the Company issued 507,600,000 of its common stock as founder shares in exchange for 100% of Man Loong’s outstanding shares to complete the Merger. Subsequent to the Merger, the Company issued 5,000,000 shares of common stock, with par value $0.0001 to various investors for total cash proceeds of $240,044. On March 12, 2015, eBullion increased the number of its authorized shares from 500,000,000 to 1,000,000,000. The par value of the Company’s shares remained unchanged at $.0001. The Company also effected a 10 for 1 stock split, whereby it exchanged 10 of its shares for every 1 share issued at outstanding before the split. Following the share split, the Company has 512,600,000 shares issued and outstanding. All share and per share amounts for the prior period have been retroactively restated to give effect of the 10 for 1 share split.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Changes in these estimates are recorded when known. Significant estimates made by management include: ● Valuation of assets and liabilities ● Useful lives of equipment ● Accounting for transactions with variable interest entities ● Other matters that affect the reported amounts and disclosures of contingencies in the consolidated financial statements. Actual results could differ from those estimates.
Reclassifications	Reclassifications Certain reclassifications have been made to amounts reported in the previous periods to conform to the current presentation. Such reclassifications had no effect on net income (loss).
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition
Advertising	Advertising Advertising costs are incurred for the production and communication of advertising, as well as other marketing activities. The Company expenses the cost of advertising as incurred. The Company did not capitalize any production costs associated with advertising for the three and six months ended September 30, 2015 and 2014. The total amount charged to advertising expense was $4,696 and $9,173 for the six months ended September 30, 2015 and 2014, respectively, and $2,818 and $6,540 for the three months ended September 30, 2015 and 2014, respectively.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents consist primarily of cash on deposit, certificates of deposits, money market accounts, and investment grade commercial paper that are readily convertible to cash and purchased with original maturities of six months or less. As of September 30, 2015 and March 31, 2015, the Company had no cash equivalents.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820, “Fair Value Measurements The standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy defined by the standard are as follows: Level 1 - Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, listed equities and U.S. government treasury securities. Level 2 - Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category include non-exchange-traded derivatives such as over the counter forwards, options and repurchase agreements. Level 3 - Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value from the perspective of a market participant. Level 3 instruments include those that may be more structured or otherwise tailored to customers’ needs.
Commissions Receivable	Commissions Receivable Commissions receivable represent commissions to be collected from agents for their customers’ trades executed across Man Loong’s electronic trade platform and telephone transaction system through the balance sheet date. Commissions receivable are typically remitted to the Company within 30 days of trade execution. The Company has not historically incurred credit losses on these commissions receivable. As of September 30, 2015 and March 31, 2015, the Company had no reserve for credit losses nor had it incurred any bad debts for the three and six months ended September 30, 2015 and 2014.
Deposits and Prepaid Expenses	Deposits and Prepaid Expenses The Company records goods and services paid for but not received until a future date as deposits and prepaid expenses. These primarily include deposits and prepayments for occupancy related expenses. Deposit or prepaid expenses which will be realized more than 12 months past the balance sheet date are classified as non-current assets in the accompanying consolidated balance sheets.
Equipment	Equipment Equipment is stated at cost. The cost of an asset consists of its purchase price and any directly attributable costs of bringing the asset to its present working condition and location for its intended use. Equipment is depreciated using the straight-line method over the estimated useful lives of the assets as follows: Office equipment 5 years Furniture and fixtures 5 years Computer equipment 5 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, renewals and betterments are capitalized. Gain or loss on disposal of equipment is the difference between net sales proceeds and the carrying amount of the relevant assets, if any, and is recognized as income or loss in the accompanying unaudited condensed consolidated statements of comprehensive income (loss).
Variable Interest Entity	Variable Interest Entity A variable interest entity (“VIE”) is a legal entity, other than an individual, used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, or (b) the equity investors lack any one of the following three criteria: ● The power to direct activities that most significantly impact the entity’s economic performance ● The obligation to absorb the expected losses of the entity ● The right to receive the expected residual returns. A VIE is required to be consolidated by a reporting entity if it has a controlling financial interest in the VIE. A reporting entity is deemed to have a controlling financial interest in a VIE if it both has the power to direct the activities that most significantly impact the VIE’s economic performance and the obligation to absorb the losses or the right to receive economic benefits from the VIE that could potentially be significant to the VIE.
Reporting Currency and Foreign Currency Translation	Reporting Currency and Foreign Currency Translation As of September 30 and March 31, 2015 and for the three and six months ended September 30, 2015 and 2014, the accounts of the Company were maintained in their functional currencies, which is the U.S. dollar for eBullion and the Hong Kong dollar ("HK dollar") for Man Loong. The financial statements of Man Loong have been translated into U.S. dollars which is its reporting currency. All assets and liabilities of Man Loong are translated at the exchange rate on the balance sheet date, shareholders’ equity is translated at historical rates and the statements of comprehensive income, and statements of cash flows are translated at the weighted average exchange rate for the periods. The resulting translation adjustments for the period are reported under other comprehensive income (loss) and accumulated translation adjustments are reported as a separate component of shareholders’ equity. Foreign exchange rates at September 30 and March 31, 2015 and for the three and six months ended September 30, 2015 and 2014 are as follows: 2015 2014 Year end March 31, 2015 USD/HKD exchange rate 7.7542 Period end USD/HKD exchange rate 7.7500 7.7632 Average USD/HKD exchange rate: Six months ended September 30 7.7515 7.7517 Three months ended September 30 7.7513 7.7507
Long-Lived Assets	Long-Lived Assets The Company periodically evaluates the carrying value of long-lived assets when events and circumstances warrant such review. The carrying value of a long-lived assets is considered impaired when the anticipated undiscounted cash flow from such an asset is separately identifiable and is less than the carrying value. In that event, a loss is recognized in the amount by which the carrying value exceeds the fair market value of the long-lived asset. The Company has identified no such impairment losses.
Accounts payable and accrued liabilities	Accounts payable and accrued liabilities Accounts payable and accrued liabilities at September 30, 2015 and March 31, 2014 primarily consist of accrued statutory bonus payable to employees in Hong Kong, audit fees payable to the Company’s auditors and accountants and legal fees payable to the Company’s legal counsel.
Customer Deposits	Customer Deposits Customer deposits at September 30, 2015 and March 31, 2015 were accepted pursuant to the Company’s agreements with certain of its independent agents. Under terms of those agreements, the Company accepts margin deposits for certain of the agents’ customers who prefer that the Company hold those deposits. If an agent’s customer suffers a trading loss equaling 80% or more of the customers’ deposit balance, the customer is required to increase the balance of his deposit or the customer’s trading position is closed and the remaining deposit balance is remitted to the agent in order to fund the customer’s trading losses. Accordingly, the Company had no risk of loss related to customer deposits at September 30, 2015 and March 31, 2015.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The Company’s accumulated other comprehensive income (loss) as September 30, 2015 and 2014 consist of adjustments resulting from translating Man Loong’s functional currency, the HK dollar, to its reporting currency, the U.S. dollar.
Rental Income	Rental Income Rental income consists of rent charged for a portion of Man Loong’s office facility which is leased on a short term lease arrangement. Agreed rental payments were $11,350 per month from April 1, 2014 until January 1, 2015, when the rent was reduced to $4,514 per month. The lease arrangement expired on March 31, 2015. Though not subject to a formal lease agreement, in April 2015, Man Loong extended the lease arrangement for a further 2 months, with agreed rental payments of $4,514 per month. For the six months ended September 30, 2015 and 2014, Man Loong recognized rental income of $9,030 and $0, respectively, and $0 and $0 for the three months ended September 30, 2015 and 2014, respectively in the accompanying unaudited condensed consolidated statements of comprehensive income.
Income Taxes	Income Taxes The Company utilizes ASC 740, Income Taxes The Company has adopted the provisions of the interpretation, of ASC 740, Accounting for Uncertainty in Income Taxes Historically, we have not provided for U.S. income and foreign withholding taxes on Man Loong’s undistributed earnings, because such earnings have been retained and reinvested by Man Loong. The Company does not intend to require Man Loong to pay dividends for the foreseeable future and so additional income taxes and applicable withholding taxes that would result from the repatriation of such earnings are not practicably determinable.
Earnings (Loss) per Share	Earnings (Loss) per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, Earnings Per Share Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of contracts to issue ordinary common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. The computation of diluted EPS includes the estimated impact of the exercise of contracts to purchase common stocks using the treasury stock method and the potential shares of converted common stock associated with the convertible debt using the if-converted method. Potential common shares that have an anti-dilutive effect (i.e., those that increase earnings per share or decrease loss per share) are excluded from the calculation of diluted EPS. The Company does not have any securities that may potentially dilute its basic earnings (loss) per share. On March 12, 2015, the Company effected a 10 for 1 stock split, whereby it exchanged 10 of its shares for every 1 share issued at outstanding before the split. Following the share split, the Company has 512,600,000 shares issued and outstanding. All share and per share amounts for the prior period have been retroactively restated to give effect of the 10 for 1 share split.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) is comprised of net income (loss) and other comprehensive income. Other comprehensive income (loss) includes unrealized gains and losses resulting from translating Man Loong’s functional currency, the HK dollar, to its reporting currency, the U.S. dollar.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2015, the FASB issued ASU 2015-02 Consolidations (Topic 810) Amendments to the Consolidation Analysis. In August 2015, the FASB issued ASU 2015-14 Revenue From Contracts With Customers (Topic 606) Deferral of the Effective Date Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future unaudited condensed consolidated financial statements.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Equipment is depreciated using the straight-line method over the estimated useful lives of the assets	Office equipment 5 years Furniture and fixtures 5 years Computer equipment 5 years
Foreign exchange rates	2015 2014 Year end March 31, 2015 USD/HKD exchange rate 7.7542 Period end USD/HKD exchange rate 7.7500 7.7632 Average USD/HKD exchange rate: Six months ended September 30 7.7515 7.7517 Three months ended September 30 7.7513 7.7507

Deposits and Prepaid Expenses (

Deposits and Prepaid Expenses (Tables)	6 Months Ended
	Sep. 30, 2015
Deposits and Prepaid Expenses [Abstract]
Schedule of deposits and prepaid expenses	Unaudited Audited September 30, March 31, Current Prepaid rent and occupancy expenses $ 338,035 $ 52,452 Noncurrent Rent and occupancy deposits 147,398 223,470 Total deposits and prepaid expenses $ 485,433 $ 275,922

Equipment (Tables)

Equipment (Tables)	6 Months Ended
	Sep. 30, 2015
Equipment [Abstract]
Schedule of equipment, including leasehold improvements	Unaudited Audited September 30, March 31, Office equipment $ 305,784 $ 305,557 Computer equipment 41,577 41,546 Furniture and fixtures 56,157 56,117 403,518 403,220 Less: Accumulated depreciation (218,485 ) (178,089 ) Equipment, net $ 185,033 $ 225,131

General and Administrative Ex24

General and Administrative Expenses (Tables)	6 Months Ended
	Sep. 30, 2015
General and Administrative Expenses [Abstract]
General and administrative expenses	Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Marketing expenses $ 172,108 $ 148,532 $ 84,758 $ 67,584 Trading platform rent 83,465 93,909 39,183 47,562 Transportation 29,803 36,358 12,457 19,040 Internet 8,908 12,214 4,454 6,284 Travel and entertainment 3,852 7,799 701 4,058 Computers and software 16,237 21,612 8,442 7,279 Legal and professional 80,354 122,267 54,088 44,033 Licenses 26,969 1,551 25,073 821 Occupancy 298,774 295,508 149,234 147,961 Advertising 4,696 9,173 2,818 6,540 Other taxes - 1,050 - - Other 40,151 63,621 20,882 30,112 Total general and administrative expense $ 765,317 $ 813,594 $ 402,090 $ 381,274

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Sep. 30, 2015
Income Taxes [Abstract]
Schedule of income (loss) before income taxes	Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Current: United States $ - $ - $ - $ - Hong Kong 4,180 62,621 - 40,830 Total current provision 4,180 62,621 - 40,830
Schedule of provision (benefit) for income taxes	Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Current: United States $ - $ - $ - $ - Hong Kong 4,180 62,621 - 40,830 Total current provision 4,180 62,621 - 40,830 Deferred: United States - - - - Hong Kong (5,300 ) (5,187 ) (2,650 ) (2,594 ) Total deferred benefit (5,300 ) (5,187 ) (2,650 ) (2,594 ) Total income tax provision $ (1,120 ) $ 57,434 $ (2,650 ) $ 38,236
Schedule of reconciliation of the income tax provision	Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Income tax provision (benefit) at the U.S. statutory tax rate $ (88,850 ) $ 86,608 $ (90,068 ) $ 68,863 Valuation allowance on U.S. net operating loss carryforwards 8,870 33,079 5,591 10,597 Impact of foreign operations 78,860 (61,603 ) 81,827 (40,899 ) Other - (650 ) - (325 ) Income tax provision (benefit) $ (1,120 ) $ 57,434 $ (2,650 ) $ 38,236

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Sep. 30, 2015
Earnings (Loss) Per Share [Abstract]
Schedule of basic and diluted earnings per share	Unaudited Unaudited Unaudited Unaudited Six months Six months Three months Three months 2015 2014 2015 2014 Numerator Net income (loss) attributable to common shareholders $ (260,203 ) $ 197,294 $ (262,257 ) $ 164,303 Denominator Weighted average shares of common stock (basic and diluted) 51,260,000 51,260,000 51,260,000 51,260,000 Basic and diluted earnings (loss) per share $ (0.00 ) $ 0.00 $ (0.00 ) $ 0.00

Commitments (Tables)

Commitments (Tables)	6 Months Ended
	Sep. 30, 2015
Commitments [Abstract]
Schedule of future annual minimum lease payments	2016 $ 422,714 2017 349,408 2018 326,203 2019 13,592 $ 1,111,916

Nature of Operations and Basi28

Nature of Operations and Basis of Presentation (Details)	6 Months Ended
	Sep. 30, 2015
Nature of Operations and Basis of Presentation (Textual)
Entity Incorporation, Date of Incorporation	Jan. 28, 2013
Ownership description	Company's shareholders exchanged 100% of their shares for 100% of the shares of Man Loong Bullion Company Limited ("Man Loong") a company which was incorporated in Hong Kong in 1974, and in 2007, was re-registered under Hong Kong law as a limited liability company. Upon completion of this transaction, Man Loong became a 100% owned subsidiary of eBullion.

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Sep. 30, 2015
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P5Y
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P5Y
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P5Y

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Details 1)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Year end March 31, 2015 USD/HKD exchange rate
Foreign exchange rates	7.7542		7.7542
Period end USD/HKD exchange rate [Member]
Foreign exchange rates	7.7500	7.7632	7.7500	7.7632
Average USD/HKD exchange rate
Average foreign exchange rate	7.7513	7.7507	7.7515	7.7517

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Details Textual) - USD ($)		Mar. 12, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2015
Summary of Significant Accounting Policies (Textual)
Advertising Expense			$ 2,818	$ 6,540	$ 4,696	$ 9,173
Customer deposits					If an agent's customer suffers a trading loss equaling 80% or more of the customers' deposit balance, the customer is required to increase the balance of his deposit or the customer's trading position is closed and the remaining deposit balance is remitted to the agent in order to fund the customer's trading losses.
Rental payment					$ 11,350
Rent expense reduced					$ 4,514
Lease expiration date					Mar. 31, 2015
Rental income					$ 9,030
Forward stock split		10 for 1
Common stock, shares issued	[1]		512,600,000		512,600,000		512,600,000
Common stock, shares outstanding	[1]		512,600,000		512,600,000		512,600,000
Common Stock [Member]
Summary of Significant Accounting Policies (Textual)
Common stock, shares issued		512,600,000
Common stock, shares outstanding		512,600,000
[1]	The capital accounts of the Company have been restated to reflect the 10 for 1 stock split which was effective in March 2015. See Note 13 for further discussion.

Deposits and Prepaid Expenses32

Deposits and Prepaid Expenses (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Current
Prepaid rent and occupancy expenses	$ 338,035	$ 52,452
Noncurrent
Rent and occupancy deposits	147,398	223,470
Total deposits and prepaid expenses	$ 485,433	$ 275,922

Loan receivable from Global L33

Loan receivable from Global Long (Details)	Sep. 30, 2015USD ($)	Apr. 03, 2015USD ($)	Apr. 03, 2015HKD
Loan receivable from Global Long (Textual)
Loan receivable from Global Long	$ 774,199
Global Long Inc. Limited [Member]
Loan receivable from Global Long (Textual)
Loan receivable from Global Long		$ 774,199	HKD 6,000,000
Interest rate on loan		6.00%	6.00%

Loan Receivable from eBullion34

Loan Receivable from eBullion Trade (Details)	1 Months Ended
	Apr. 30, 2014	Jul. 31, 2013USD ($)	Sep. 30, 2015USD ($)	Jul. 31, 2013CNY (¥)
Loan receivable from eBullion Trade (Textual)
Loan receivable from eBullion trade			$ 774,199
eBullion Trade [Member]
Loan receivable from eBullion Trade (Textual)
Loan receivable from eBullion trade		$ 997,049		¥ 6,100,000
Maturity date of loan	May 2, 2014	Apr. 17, 2014
Term of loan		Under terms of the loan, in the event that eBullion Trade's GPME application was approved, it had the option to repay the loan in cash or by transferring 100% of its outstanding stock to Man Loong.

Equipment (Details)

Equipment (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Property, Plant and Equipment [Line Items]
Equipment, gross	$ 403,518	$ 403,220
Less: Accumulated depreciation	(218,485)	(178,089)
Equipment, net	185,033	225,131
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Equipment, gross	305,784	305,557
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Equipment, gross	41,577	41,546
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Equipment, gross	$ 56,157	$ 56,117

Equipment (Details Textual)

Equipment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Equipment (Textual)
Depreciation expense	$ 20,172	$ 20,174	$ 40,344	$ 40,343

Customer Deposits (Details)

Customer Deposits (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Customer Deposits (Textual)
Customer deposits	$ 153,974	$ 92,613

General and Administrative Ex38

General and Administrative Expenses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
General and Administrative Expenses [Abstract]
Marketing expenses	$ 84,758	$ 67,584	$ 172,108	$ 148,532
Trading platform rent	39,183	47,562	83,465	93,909
Transportation	12,457	19,040	29,803	36,358
Internet	4,454	6,284	8,908	12,214
Travel and entertainment	701	4,058	3,852	7,799
Computers and software	8,442	7,279	16,237	21,612
Legal and professional	54,088	44,033	80,354	122,267
Licenses	25,073	821	26,969	1,551
Occupancy	149,234	147,961	298,774	295,508
Advertising	$ 2,818	$ 6,540	$ 4,696	9,173
Other taxes				1,050
Other	$ 20,882	$ 30,112	$ 40,151	63,621
Total general and administrative expense	$ 402,090	$ 381,274	$ 765,317	$ 813,594

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Abstract]
United States	$ (16,445)	$ (31,167)	$ (26,089)	$ (97,291)
Hong Kong	(248,462)	233,706	(235,234)	352,019
INCOME (LOSS) BEFORE INCOME TAXES	$ (264,907)	$ 202,539	$ (261,323)	$ 254,728

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Current:
United States
Hong Kong		$ 40,830	$ 4,180	$ 62,621
Total current provision		$ 40,830	$ 4,180	$ 62,621
Deferred:
United States
Hong Kong	$ (2,650)	$ (2,594)	$ (5,300)	$ (5,187)
Total deferred benefit	(2,650)	(2,594)	(5,300)	(5,187)
Total income tax provision	$ (2,650)	$ 38,236	$ (1,120)	$ 57,434

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Abstract]
Income tax provision (benefit) at the U.S. statutory tax rate	$ (90,068)	$ 68,863	$ (88,850)	$ 86,608
Valuation allowance on U.S. net operating loss carryforwards	5,591	10,597	8,870	33,079
Impact of foreign operations	$ 81,827	(40,899)	$ 78,860	(61,603)
Other		(325)		(650)
Total income tax provision (benefit)	$ (2,650)	$ 38,236	$ (1,120)	$ 57,434

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	6 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Income Tax (Textual)
Operating loss carryforwards, Expiration date	Mar. 31, 2035
Deferred income taxes	$ 15,828	$ 10,522

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2015
Numerator
Net income (loss) attributable to common shareholders		$ (262,257)	$ 164,303	$ (260,203)	$ 197,294	$ 537,299
Denominator
Weighted average shares of common stock (basic and diluted)	[1]	512,600,000	512,600,000	512,600,000	512,600,000
Basic and diluted earnings (loss) per share		$ 0	$ 0	$ 0	$ 0
[1]	The Company's weighted average common shares outstanding for both basic and diluted earnings per share have been restated for the effects of the 10 for 1 stock split which was effective in March 2015. See Note 13 for further discussion.

Related Party Transactions an44

Related Party Transactions and Balances (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Apr. 30, 2013	May. 27, 2011	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
True Technology [Member]
Related Party Transactions and Balances (Textual)
Related party internet service fees	$ 3,868	$ 12,894	$ 11,611	$ 11,612	$ 23,221	$ 23,224
Director [Member]
Related Party Transactions and Balances (Textual)
Salaries and director compensation			$ 7,740	$ 11,612	$ 15,841	$ 23,220

Commitments (Details)

Commitments (Details)	Sep. 30, 2015USD ($)
Years ending September 30
2,016	$ 422,714
2,017	349,408
2,018	326,203
2,019	13,592
Future annual minimum lease payments	$ 1,111,916

Commitments (Details Textual)

Commitments (Details Textual)	1 Months Ended				3 Months Ended		6 Months Ended
	Sep. 30, 2015USD ($)ft²	Apr. 30, 2013USD ($)	Dec. 31, 2012USD ($)ft²	May. 27, 2011USD ($)	Sep. 30, 2015USD ($)ft²	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)ft²	Sep. 30, 2014USD ($)
Commitments (Textual)
Operating lease expiration date							Expire on various dates through 2019.
Area of office space | ft²	5,500		10,000		5,500		5,500
Lease deposits	$ 147,397		$ 192,000		$ 147,397		$ 147,397
Description of leasing payments	Under terms of the lease, the Company paid approximately $147,397 in lease deposits and is committed to lease and management fee payments of approximately $27,209 per month for 35 months.		Under terms of the lease, the Company paid approximately $192,000 in lease deposits and was committed to lease and management fee payments of approximately $46,647 per month for 29 months.
Lease expiration date							Mar. 31, 2015
True Technology [Member]
Commitments (Textual)
Internet service fees		$ 3,868		$ 12,894	$ 11,611	$ 11,612	$ 23,221	$ 23,224
Renewal term				2 years
Monthly payment				$ 3,868
Lease expiration date				Mar. 31, 2017

Common Stock (Details)

Common Stock (Details) - USD ($)		Mar. 12, 2015	Apr. 03, 2013	Sep. 30, 2015	Mar. 31, 2015
Common Stock (Textual)
Common stock, shares issued	[1]			512,600,000	512,600,000
Common stock, shares outstanding	[1]			512,600,000	512,600,000
Common stock, par value	[1]			$ 0.0001	$ 0.0001
Stock split		10 for 1
Common stock, shares authorized	[1]			1,000,000,000	1,000,000,000
Common Stock [Member]
Common Stock (Textual)
Common stock, shares issued		512,600,000
Common stock, shares outstanding		512,600,000
Common Stock [Member] | Maximum [Member]
Common Stock (Textual)
Common stock, shares issued		1,000,000,000
Common Stock [Member] | Minimum [Member]
Common Stock (Textual)
Common stock, shares issued		500,000,000
Founder [Member]
Common Stock (Textual)
Percentage of equity interest acquired in exchange of shares			100.00%
Common stock share issued for merger service			507,600,000
Investors [Member]
Common Stock (Textual)
Common stock, par value			$ 0.0001
Common stock share issued for merger service			5,000,000
Proceeds from issuance of common stock			$ 240,044
[1]	The capital accounts of the Company have been restated to reflect the 10 for 1 stock split which was effective in March 2015. See Note 13 for further discussion.