| Accounting Policies, by Policy (Policies) | 6 Months Ended |
| Sep. 30, 2024 |
| Summary of Significant Accounting Policies [Abstract] | |
| Basis of presentation | Basis of presentation The accompanying unaudited interim condensed
consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States
of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission. The unaudited interim condensed consolidated
financial statements do not include all the information and footnotes required by the U.S. GAAP for complete consolidated financial statements.
Certain information and note disclosures normally included in the annual consolidated financial statements prepared in accordance with
the U.S. GAAP have been condensed or omitted consistent with Article 10 of Regulation S-X. In the opinion of the Company’s management,
the unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial
statements and include all adjustments, in normal recurring nature, as necessary for the fair statement of the Company’s financial
position as of September 30, 2024, and results of operations and cash flows for the six months ended September 30, 2024 and 2023. The
audited consolidated balance sheet as of March 31, 2024 has been derived from the audited consolidated financial statements at that date
but does not include all the information and footnotes required by the U.S. GAAP. Interim results of operations are not necessarily indicative
of the results expected for the full fiscal year or for any future period. These financial statements should be read in conjunction with
the audited consolidated financial statements as of and for the years ended March 31, 2024 and 2023, and related notes included in the
Company’s audited consolidated financial statements. |
| Principles of consolidation | Principles of consolidation The unaudited interim condensed consolidated
financial statements include the unaudited financial statements of the Company and its subsidiaries. All transactions and balances between
the Company and its subsidiaries have been eliminated upon consolidation. |
| Use of estimates | Use of estimates The preparation of the unaudited interim 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 interim condensed
consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant
estimates relate to allowance for expected credit losses, useful lives and impairment for investment in an associate, long-term investments,
property and equipment and intangible assets, fair value of financial instruments, share based compensations and contingencies. Actual
results could vary from the estimates and assumptions that were used. |
| Foreign currency translation and transaction and convenience translation | Foreign currency translation and transaction
and convenience translation The accompanying unaudited interim condensed
consolidated financial statements are presented in United States dollars (“$”). The functional currency of the Company is
$ and the functional currency of the Company’s subsidiaries is the Hong Kong Dollars (“HKD”). The Company’s assets
and liabilities are translated into $ from HKD at period/year-end exchange rates. Its revenues and expenses are translated at the average
exchange rate during the period. Capital accounts are translated at their historical exchange rates when the capital transactions occurred.
As
of 2024
As
of 2024
Period/year-end spot rate 7.7733 7.8257
For the six months
2024 2023
Average rate 7.8086 7.8318 |
| Fair value measurement | Fair value measurement Accounting guidance defines fair value as the
price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded
at fair value, the Company considers the principal or most advantageous market in which it would transact, and it considers assumptions
that market participants would use when pricing the asset or liability. Accounting guidance establishes a fair value
hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring
fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that
is significant to the fair value measurement. Accounting guidance establishes three levels of inputs that may be used to measure fair
value:
● Level
1 applies to assets or liabilities for which there are quoted prices, in active markets for
identical assets or liabilities.
● Level
2 applies to assets or liabilities for which there are inputs other than quoted prices included
within Level 1 that are observable for the assets or liabilities, such as quoted prices for
similar assets or liabilities in active markets; quoted prices for identical assets or liabilities
in markets with insufficient volume or infrequent transactions (less active markets); or
model-derived valuations in which significant inputs are observable or can be derived principally
from, or corroborated by, observable market data.
● Level
3 applies to assets or liabilities for which there are unobservable inputs to the valuation
methodology that are significant to the measurement of the fair value of the assets or liabilities. Based on the short-term nature of cash and cash
equivalents, cash segregated for regulatory purpose, receivables from customers, brokers-dealers and clearing organizations, other current
assets, amounts due from (to) related parties, payables to customers and clearing organizations, accruals and other current liabilities
has determined that the carrying value approximates their fair values. The carrying amounts of operating lease liabilities approximate
their fair values since they bear an interest rate which approximates market interest rates. |
| Related parties | Related parties The Company adopted ASC 850, Related Party Disclosures,
for the identification of related parties and disclosure of related party transactions. |
| Cash and cash equivalents | Cash and cash equivalents Cash and cash equivalents consist of deposits
with banks and all highly liquid investments, with maturities of three months or less. The Company’s cash is held at well capitalized
financial institutions, but they are not Federal Deposit Insurance Corporation (“FDIC”) insured. The Company maintains its
cash in bank deposit accounts which at times may exceed insured limits. The Company has not experienced any losses in such accounts.
Management believes that the Company is not exposed to any significant credit risk on cash and cash equivalents. |
| Cash segregated for regulatory purpose | Cash segregated for regulatory purpose The balance of cash segregated for regulatory
purpose represents the bank balance that the Company held on behalf of customers. The Company maintains segregated bank accounts with
authorized institutions to hold customers’ monies arising from its normal course of business. The Company’s cash segregated
for regulatory purpose is held at well capitalized financial institutions, but they are not FDIC insured. The
segregated customers account balance is restricted for customer transactions and governed by the Securities and Futures (Client Money)
Rule under the Hong Kong Securities and Futures Ordinance. The Company has classified such segregated customers’ account balances
as cash segregated for regulatory purpose and recognized the corresponding accounts payable to the respective customers under the liabilities
section. The Company has not experienced any losses in such accounts. Management believes that the Company is not exposed to any significant
credit risk on cash segregated for regulatory purpose. |
| Receivables from customers, broker-dealers, and clearing organizations | Receivables from customers, broker-dealers,
and clearing organizations Receivables from customers arise from (i) the
business of dealing in investment securities and virtual assets for cash and margin customers; (ii) investment advisory business; (iii)
corporate consultancy business; and (iv) asset management business. Receivables from broker-dealers and clearing
organizations arise from the business of investment securities and virtual assets. Broker-dealers will require balances to be placed
with them in order to cover the positions taken by its customers. Clearing house receivables typically represent proceeds receivable
on trades that have yet to settle and are usually collected within two days. The balance of receivables from customers related
to the Company’s customer in (i) trading activities; (ii) rendering the investment advisory services; (iii) rendering the corporate
consultancy services; and (iv) rendering the asset management services. In evaluating the collectability of receivables balances, the Company
considers specific evidence including the aging of the receivable, the customers’ payment history, its current creditworthiness,
its underlying equity securities secured and current economic trends. The receivables from customers, broker-dealers
and clearing organizations, such as Hong Kong Exchanges and Clearing Limited (“HKEx”), are viewed as past due or delinquent
based on how recently payments have been received. The Company has contractual rights to receive cash on demand from customers, broker-dealers
and clearing organizations. As of September 30, 2024 and March 31, 2024, no receivables from customers and broker-dealers are past due
or delinquent based on the repayment history of customers and broker-dealers. As of September 30, 2024 and March 31, 2024, no receivables
from clearing organizations are past due or delinquent as the receivables are normally being settled within two days after the trade
execution. The Company regularly reviews the adequacy and
appropriateness of the allowance for expected credit losses. The receivables are written off after all collection efforts have ceased.
The receivables from customers related to trading activities are secured in the form of underlying equity securities. The Company is
entitled to dispose of such collateral held on behalf of the customers for the purpose of settling any liability owed. The Company applies
the practical expedient based on collateral maintenance provisions under ASC 326, Financial Instruments – Credit Losses, in estimating
an allowance for credit losses for receivables from customers. In accordance with the practical expedient, when the Company reasonably
expects that borrowers (or counterparties, as applicable) will replenish the collateral as required, there is no expectation of credit
losses when the collateral’s fair value is greater than the amortized cost of the financial asset. If the amortized cost exceeds
the fair value of collateral, then credit losses are estimated only on the unsecured portion. As of September 30, 2024 and March 31,
2024, the allowance for expected credit losses on receivables from customers were $566,000 and $575,000, and the allowance for expected
credit losses on receivables from broker-dealers and clearing organizations were $22,000 and $15,000, respectively. |
| Prepaid expenses and other current assets, net | Prepaid expenses and other current assets,
net Prepayments and other current assets consist
of cash advanced to suppliers for purchasing goods or services that have not been received or provided to the Company and prepayments
to professional parties and marketing companies. Cash advanced to suppliers is refundable and bears no interest. Prepayments are classified
as either current or non-current based on the terms of the respective agreements. These advances are unsecured and reviewed periodically
to determine whether their carrying value has become impaired. |
| Refundable deposit | Refundable deposit As a clearing member firm of HKEx, the Company
is exposed to clearing member credit risk. HKEx requires member firms to deposit cash to
a clearing fund. If a clearing member defaults in its obligations to clearing organizations in an amount larger than its own margin and
clearing fund deposits, the shortfall is absorbed pro rata from the deposits of the other clearing members. HKEx has the authority to
assess their members for additional funds if the clearing fund is depleted. A large clearing member default could result in a substantial
cost if the Company is required to pay such additional funds. Rental deposits represent security payments made
to lessors for the Company’s lease agreements entered. The Company made such security payments upon the commencement of the original
lease agreements. The security deposit will be refunded to the Company upon the termination or expiration of the lease agreements as
well as the delivery of the vacant leased properties to the lessors by the Company. |
| Loan receivables | Loan receivables Loan receivables are recognized when the Company,
as a lender, provides the loan to borrowers as per the loan agreement. Loan receivables are initially measured at the amount of the loan
provided. Subsequent to initial recognition, loan receivables are measured at amortized cost using the effective interest method, which
includes the recognition of interest income less any allowance for expected credit losses. As of September 30, 2024 and March 31, 2024,
the allowance for expected credit losses on loan receivables were nil |
| Investment in an associate | Investment in an associate An associate is an entity over which the Company
has significant influence, but not control or joint control, over the financial and operating policies of the entity. Significant influence
is presumed to exist when the Company holds 20% or more of the voting power of another entity. The Company accounts for its investment
in an associate using the equity method unless the fair value option is elected for an investment and the Company does not elect the
fair value option. On acquisition of the investment, any excess
of the cost of the investment over the Company’s share of the net fair value of the investee’s identifiable assets and liabilities
represents goodwill and is included in the carrying amount of the investment. Any excess of the Company’s share of the net fair
value of the investee’s identifiable assets and liabilities over the cost of the investment is included as income in the determination
of the Company’s share of the associate’s profit or loss in the period in which the investment is acquired. Under the equity method, the investment in an
associate is carried at cost plus post-acquisition changes in the Company’s share of net assets of the associate. Goodwill relating
to the associate is included in the carrying amount of the investment and is not tested for impairment separately. After application of the equity method, the Company
determines whether it is necessary to recognize an impairment loss on its investment in its associate. At each reporting date, the Company
determines whether there is objective evidence that the investment in an associate is impaired. If there is such evidence, the Company
calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value, and then
recognizes the loss within “Share of results of an associate” in the unaudited interim condensed consolidated statements
of (loss) income and comprehensive (loss) income. |
| Long-term investments | Long-term investments In accordance with Financial Accounting Standards
Board (“FASB”) ASC 321, “Investment-Equity Securities,” the Company accounts for non-marketable securities on
a prospective basis. Equity investments that do not have readily determinable fair values and do not qualify for the net asset value
practical expedient are eligible for the measurement alternative. The Company elected to record equity investments
without readily determinable fair values using the measurement alternative at cost, less impairment, adjusted for subsequent observable
price changes on a nonrecurring basis, and report changes in the carrying value of the equity investments in current earnings. Changes
in the carrying value of the equity investments are required to be made whenever there are observable price changes in orderly transactions
for the identical or similar investment of the same issuer. Pursuant to ASC 321, for those equity investments that the Company
elects to use the measurement alternative, the Company makes a qualitative assessment of whether the investment is impaired at each reporting
date. If a qualitative assessment indicates that the investment is impaired, the Company estimates the investment’s fair value in
accordance with the principles of ASC 820. If the fair value is less than the investment’s carrying value, the Company recognizes
an impairment loss equal to the difference between the carrying value and fair value. For the six months ended September 30, 2024 and
2023, the Company recognized impairment loss of long-term investments of $259,000 and nil |
| Property and equipment, net | Property and equipment, net Property and equipment are stated at cost less
accumulated depreciation and accumulated impairment losses, if any. The cost of an item of property and equipment comprises its purchase
price and any directly attributable costs of bringing the item to its present working condition and location for its intended use. Expenditure
incurred after the item has been put into operation, such as repairs and maintenance and overhaul costs, is normally charged to the unaudited
interim condensed consolidated statements of (loss) income and comprehensive (loss) income in the period in which it is incurred. In
situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected
to be obtained from the use of the item, the expenditure is capitalized as an additional cost of the item. Depreciation is provided to write off the cost
of items of property and equipment over their estimated useful lives and after taking into account their estimated residual value, using
the straight-line method, at the following estimated useful lives: Furniture and fixtures 5 years Office equipment 5 years Computer equipment 3.3 years Leasehold improvements Shorter of the lease terms or the estimated useful lives of the assets An item of property and equipment is derecognized
upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of
the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the unaudited
interim condensed consolidated statements of (loss) income and comprehensive (loss) income in the period the asset is derecognized. |
| Intangible assets, net | Intangible assets, net Intangible assets are originally recognized at
cost. The useful lives of intangible assets are assessed to be either finite or indefinite. The Company’s intangible assets consist
of the trading platform system and eligibility rights to trade on or through HKEx. The trading platform system is considered by the management
as having a finite useful life of two years. Accordingly, the trading platform system is amortized on a straight-line basis over two
years. The estimated useful life and amortization method of an intangible asset with finite life is reviewed at the end of each reporting
period, with the effect of any changes in estimated being accounted for on a prospective basis. Management has determined that trading
rights have indefinite useful lives. These trading rights are not amortized and tested for impairment annually either individually or
at the cash-generating unit level. The useful life of an intangible asset with an indefinite life is reviewed annually to determine whether
an indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite
is accounted for on a prospective basis. |
| Impairment of long-lived assets | Impairment of long-lived assets The Company reviews long-lived assets for impairment
whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability
of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted net cash flows
expected to be generated by the asset. If such assets are considered to be impaired, the impairment recognized is measured by the amount
by which the carrying amount of the assets exceeds the fair value of the assets. No impairment of long-lived assets was recognized for
the six months ended September 30, 2024 and 2023. |
| Payables to customers | Payables to customers Payables to customers arise from the business
of dealing in investment securities and virtual assets. Payables to customers represent payables related to the Company’s customer
trading activities, which include the cash deposits received by the Company as requested by third party broker-dealers to place with
them in order to cover the positions taken by its customers, clearing house payables due on pending trades and payable on demand, as
well as the bank balances held on behalf of customers. |
| Contract liabilities | Contract liabilities Contract liabilities arise from corporate consultancy
services. The Company is entitled to receive an upfront payment upon signing the financial advisory contract as contract liabilities.
These payments are non-refundable and contract liabilities will be recognized as revenue in future periods when the Company completes
its performance obligations based on the point in time either (a) when the deliverables, in the form of reports are delivered based on
the specific terms of the contract; or (b) lapse of the financial advisory contract. |
| Commitments and contingencies | Commitments and contingencies In the normal course of business, the Company
is subject to commitments and contingencies, including operating lease commitments, legal proceedings and claims arising out of its business
that relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes a liability for such
contingency if it determines it is probable that a loss will occur, and a reasonable estimate of the loss can be made. The Company may
consider many factors in making these assessments on liability for contingencies, including historical and the specific facts and circumstances
of each matter. There were no material commitments or contingencies as of September 30, 2024 and March 31, 2024. |
| Revenue recognition | Revenue recognition In May 2014, the FASB issued Topic 606, “Revenue
from Contracts with Customers”. This topic clarifies the principles for recognizing revenue and develops a common revenue standard
for U.S. GAAP. Simultaneously, this topic supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most
industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the guidance requires an entity
to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to
which the entity expects to be entitled in exchange for those goods or services. The Company currently generates its revenue from
the following main sources: Investment banking services Revenue from investment banking services is generated
through corporate consultancy service income. Corporate consultancy income generated by acting as advisers (a) to
customers, including but not limited to listed companies or companies planning for IPO, advising on the terms and structures of the proposed
corporate transactions, or the relevant implications and compliance matters under the Hong Kong regulatory framework for listed companies;
market research, strategic analysis, and other advisory services to support customers in developing new business areas or enhancing existing
operations, in return for consultancy service income. The Company enters into a distinct contract with
its customers for the provision of corporate consultancy services. The scope of work under consultancy services can vary from project
to project and generally involves a series of tasks which are interrelated and are not separable or distinct as the Company’s customers
cannot benefit from any standalone task. Therefore, the entire transaction prices of consultancy services are generally allocated to
a single performance obligation. The transaction price might be variable even
when the stated price in the contract is fixed because the Company may be entitled to upfront payment only when the contract is lapsed
before completion of consultancy services. Payment is typically made in installments, with an upfront payment received upon signing the
contract and subsequent payments made based on the completion of specific service stages as outlined in the contract between the Company
and the customer. The transaction price and payment terms are stated in the contract for each individual engagement. Corporate consultancy service income received
from customers is non-refundable, and the Company is entitled to receive upfront payment upon signing the contract. Revenue from
upfront payment and other installments is recognized based on the point in time either (a) when the deliverables, in the form of reports
are delivered based on the specific terms of the contract; or (b) lapse of the consultancy service contract. There were no contract asset balances as of September
30, 2024 and March 31, 2024. As of September 30, 2024 and March 31, 2024, the contract liability balances were $151,000 and nil Wealth management services Revenue from wealth management services is primarily
derived from securities brokerage commission and handling income and investment advisory income. Securities brokerage commission income generated
by provision of securities brokerage services of executing trades to customers, who are individual customers or brokers, and is recognized
at a point in time (trade date) when the performance obligation has been satisfied by the completion of trades and the risks and rewards
of ownership have been transferred to/from the customer. The Company acts as an agent. The transaction price is a variable consideration
as the price is determined by a fixed percentage of transaction amounts. Commission fees are directly charged from the customer’s
account when the transactions are executed. Handling income generated from providing services
such as settlement (clearing) of securities, new share subscription services in relation to IPOs and dividend collection, to individual
customers or brokers. Securities settlement service income is recognized at a point in time when the transactions are completed. The
transaction price is a variable consideration as the price is determined to be a fixed percentage of the transaction amount. New share
subscription handling income is recognized at the time when the performance obligation has been satisfied by successfully submitting
the IPO subscription to banks on behalf of customers. New share subscription handling income is fixed per IPO subscription order and
no variable consideration in the transaction. Dividend collection handling income is recognized at the time when the performance obligation
has been satisfied by receiving dividends by the Company on behalf of customers. When the Company receives the cash dividend distributed
by the stocks on behalf of customers, the net dividend will be distributed and deposited into the account of the customers, after deducting
the dividend collection handling fees. Dividend collection handling income is charged at a fixed percentage of dividend collected and
therefore the transaction price is a variable consideration as the price is determined to be a fixed percentage of dividend amount. The
Company acts as an agent and handling income is directly charged from the customer’s account when the transactions are executed. Investment advisory income is recognized when
the relevant advice has been provided or the relevant services have been rendered. The Company enters into a distinct contract with its
customers as a principal for the provision of investment advisory services. The Company provides customers with global economic information,
industry analysis, investment recommendations and portfolio allocation strategies. The Company concludes that each monthly investment
advisory service is both (1) distinct and (2) it meets the criteria for recognizing revenue over time. In addition, the Company
concludes that the services provided each month are substantially similar and result in the transfer of substantially similar services
to the customers each month. That is, the benefit consumed by the customers is substantially similar for each month, even though the
exact volume of services may vary. Therefore, the Company concludes that the monthly investment advisory services satisfy the requirements
of ASC 606-10-25-14(b) to be accounted for as a single performance obligation. There is no variable consideration in the transaction
price. Accordingly, based on the output methods, the Company recognizes revenues from investment advisory services on a monthly basis
when it satisfies its performance obligations throughout the contract terms. The Company issues invoices to customers quarterly and the
contractual payment terms are typically due no more than 30 days from invoicing. Asset management services Revenue from asset management is primarily in
connection with (i) services as an investment manager or an advisor from funds or investments; and (ii) fund subscription services to
customers. The Company rendered management services to individual customers as a principal, which are recorded over the period of service
provided. Asset management service fee is charged by the Company to funds monthly and collected directly out of custodial accounts. The
Company acts as a principal to provide asset management services directly to individual customers. The services include market research,
asset allocation, equity selection, regular portfolio oversight, risk reassessment and rebalancing as needed. The Company charges customers
management fees at a fixed percentage of asset value under management in accordance with the agreement. The fee is due and paid within
the specified terms of payment. The transaction price is a variable consideration as the price is determined to be a fixed percentage
of asset value. Performance fees are accounted for when the return
on assets under management, over a given period established in each fund’s private memorandum, exceeds certain return benchmarks
or other performance benchmarks, depending on each fund’s private memorandum. Performance fees are calculated on an annual basis.
Performance fees are a form of variable consideration. The Company recognizes these fees at a point in time when the associated performance
obligations are satisfied, the related uncertainties are resolved, the likelihood of a claw-back or reversal is improbable and the likely
amount of the transaction prices can be estimated without significant chance of reversal, indicating a high probability of economic benefits
and cash inflow to the Company. Subscription fees charged to fund subscriber
for subscription of funds are recognized at a point in time when participating share is successfully subscribed. The Company acts as
an agent between funds and fund subscribers to provide fund subscription services and charges a fund subscription fee at a fixed rate
with reference to the size of the subscription amount to fund subscribers through funds when the subscription of funds is completed,
and typically due in no more than 30 days from invoicing. The transaction price is a variable consideration as the price is determined
to be a fixed percentage of the transaction amount. Virtual assets services The Company provides virtual asset trading services
by executing buy and sell orders for digital assets (e.g., Bitcoin, Ethereum) to both individual and institutional customers. The Company’s
performance obligation is fulfilled when it completes each trade order, transferring control of the virtual asset to or from the customer.
Revenue is recognized at a point in time on the trade date, as this is when the Company has satisfied its distinct performance obligation
by executing the trade. The Company acts as an agent as the risks and rewards remain with the customer. Transaction fees for trading
are variable and based on a fixed percentage of the transaction amount. Fees are charged directly to the customer’s account upon
execution of each trade. The Company acts as a participating dealer for
certain virtual asset spot ETFs, each in-kind or in-cash subscription or redemption represents a distinct performance obligation, fulfilled
when the subscription or redemption process is completed. Revenue is recognized at a point in time, specifically upon the completion
of each subscription or redemption transaction. The Company acts as an agent in these transactions, arranging the exchange on behalf
of the client and ETF providers. Fees for subscription and redemption services are considered variable and are calculated as a fixed
percentage of the transaction amount. Fees are charged directly to the customer’s account upon completion of each transaction. Interest income The Company earns interest income primarily from
its rolling cash balance accounts or IPO financing offered by the Company to customers in relation to the securities brokerage services.
Revenue is recognized over the period that the rolling cash balance account or IPO financing are outstanding. The Company offers rolling
cash balance account or IPO financing to individual customers as a principal. Interest income is directly charged at a fixed percentage
over the financing amount from the customer’s account when customers repay the balance account or principal amount of IPO financing.
The transaction price is a variable consideration as the price is determined to be a fixed percentage of the transaction amount. Referral income Referral income generated by provision of referral
services by acting as agent to corporate customers or brokers. The Company refers investors to corporate customers or brokers and earns
referral income. The Company enters into a distinct referral agreement with corporate customers or brokers for the provision of referral
services. The referral service is distinct and is identified as one performance obligation. The transaction price is a variable consideration
as the consideration is determined to be a fixed percentage of subscription amount in the transaction, either IPO or fund raised in other
fundraising activities. Revenue from providing referral services to customers is recognized at a point in time when the transaction and
the performance is completed, which is generally at the completion of an IPO or fundraising activities. |
| Other income | Other income Interest income is mainly generated from loan
to third party, savings and time deposits which are less than one year, and is recognized on an accrual basis using the effective interest
method. Interest income receives from banks on a monthly basis. |
| Commission and handling expenses | Commission and handling expenses Commission and handling expenses for executing
and/or clearing transactions are accrued on a trade-date basis and are expensed as incurred. |
| General and administrative expenses | General and administrative expenses General and administrative expenses mainly consist
of lease expense, office supplies and upkeep expenses, and other miscellaneous administrative expenses. |
| Leasing | Leasing The Company is a lessee of non-cancellable operating
leases for offices. The Company determines if an arrangement is a lease at inception. Lease assets and liabilities are recognized at
the present value of the future lease payments at the lease’s commencement date. The interest rate used to determine the present
value of the future lease payments is the Company’s incremental borrowing rate based on the information available at the lease
commencement date. The Company generally uses the base, non-cancellable lease term in calculating the right-of-use (“ROU”)
assets and lease liabilities. The Company may recognize the lease payments
in the unaudited interim condensed consolidated statements of (loss) income and comprehensive (loss) income on a straight-line basis
over the lease terms and variable lease payments in the periods in which the obligations for those payments are incurred, if any. The
lease payments under the lease arrangements are fixed. The Company did not adopt the practical expedient
that allows lessees to treat the lease and non-lease components of a lease as a single lease component. Non-lease components include
payments for building management, utilities and property tax. It separates the non-lease components from the lease components to which
they relate. The Company evaluates the impairment of its right-of-use
assets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived
assets when events or changes in circumstances occur that indicate the carrying value of the asset may not be recoverable. The assessment
of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax
cash flows of the related operations. The Company has elected to include the carrying amount of operating lease liabilities in any tested
asset group and include the associated lease payments in the undiscounted future pre-tax cash flows. For the six months ended September
30, 2024 and 2023, the Company did not have any impairment loss against its operating lease right-of-use assets. |
| Employee benefits | Employee benefits All salaried employees of the Company in
Hong Kong are enrolled in a Mandatory Provident Fund Scheme (“MPF scheme”) under the Hong Kong Mandatory Provident Fund
Schemes Ordinance, within two months of employment. The MPF scheme is a defined contribution retirement plan administered by an
independent trustee. The Company makes regular contributions of 5% of the employee’s relevant income to the MPF scheme,
subject to a maximum of HKD 1,500 per month. Contributions to the plan vest immediately. The Company recorded MPF expenses of
$26,000 and $17,000 for the six months ended September 30, 2024 and 2023, respectively. |
| Income taxes | Income taxes The Company accounts for income taxes in accordance
with the U.S. GAAP. Under the asset and liability method as required by this accounting standard, the recognition of deferred income
tax liabilities and assets for the expected future tax consequences of temporary differences between the income tax basis and financial
reporting basis of assets and liabilities. Provision for income taxes consists of taxes currently due plus deferred taxes. The charge for taxation is based on the results
for the year as adjusted for items which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or
substantively enacted by the balance sheet date. Deferred tax is accounted for using the balance
sheet liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities
in the financial statements and the corresponding tax basis. Deferred tax assets are recognized to the extent that it is probable that
taxable income to be utilized with prior net operating loss carried forwards. Deferred tax is calculated using tax rates that are expected
to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement,
except when it is related to items credited or charged directly to equity. Deferred tax assets are reduced by a valuation allowance when,
in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current
income taxes are provided for in accordance with the laws of the relevant taxing authorities. For the six months ended September 30,
2024 and 2023, there were temporary differences of $662,000 and $145,454, respectively. As of September 30, 2024, and March 31, 2024,
no deferred tax asset or liability recognized. An uncertain tax position is recognized as a
benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination. The amount recognized
is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting
the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income
tax are classified as income tax expense in the period incurred. No significant penalties or interest relating to income taxes have been
incurred during the six months ended September 30, 2024 and 2023. |
| (Loss) earnings per share | (Loss) earnings per share The Company computes net (loss) earnings per
share in accordance with ASC 260, “ Earnings per Share” |
| Share based compensations | Share based compensations The Company follows the provisions of ASC 718,
“Compensation - Stock Compensation,” which establishes the accounting for employee share-based awards. For employee share-based
awards, share based compensations cost is measured at the grant date based on the fair value of the award and is recognized as expense
with graded vesting on a straight-line basis over the requisite service period for the entire award. |
| Recent accounting pronouncements | Recent accounting pronouncements From time to time, new accounting pronouncements
are issued by the FASB or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise
discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact
on its financial position or results of operations upon adoption. New accounting standards not yet adopted In November 2023, the FASB issued ASU No. 2023-07,
Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. The purpose of the update was to improve financial
reporting by requiring disclosures of incremental segment information on an annual and interim basis for all public entities to enable
investors to develop more decision-useful financial analyses. The amendments in this ASU are effective for fiscal years beginning after
December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted and requires
retrospective application to all periods presented in the unaudited interim condensed consolidated financial statements. Management is
evaluating the impact on the Company’s unaudited interim condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09,
Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which requires disclosure of incremental income tax information
within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective
for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company’s management does not believe the
adoption of ASU 2023-09 will have a material impact on its unaudited interim condensed consolidated financial statements and disclosures. Except as mentioned above, the Company does not
believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s
unaudited interim condensed consolidated balance sheet, statements of (loss) income and comprehensive (loss) income and statements of
cash flows. |
