$TOP
TOP Financial Group Ltd
CIK:0001848275|SEC Filings
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) |
3 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Statement of Cash Flows [Abstract] | ||
| Net cash provided by operating activities | $ 6,034,786 | $ 7,138,236 |
| Cash flows from investing activities: | ||
| Purchases of fixed assets | (3,112) | |
| Purchases of securities owned | (188,000) | (256,420) |
| Deposits for long-term investment | (800,800) | (100,000) |
| Acquisition of a subsidiary | (64,105) | |
| Proceeds from sales of digital assets | 6,633,981 | |
| Loans made to third parties | (1,000,000) | |
| Loans made to a related party | (2,500,000) | |
| Collection of loans from customers | 2,175,000 | 3,690,759 |
| Net cash provided by (used in) investing activities | 7,817,069 | (229,766) |
| Net increase in cash, cash equivalents and restricted cash | 13,851,855 | 6,908,470 |
| Cash, cash equivalents and restricted cash, beginning of period | 31,705,419 | 15,174,936 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (289,880) | (32,138) |
| Cash, cash equivalents and restricted cash, end of period | 45,267,394 | 22,051,268 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | ||
| Cash paid for taxes, net of refunds | ||
| Non-cash operating, investing and financing activities | ||
| Collection of USDT as proceeds from subscription fees advanced from shareholders | 64,983,160 | |
| Collection of USDT as proceeds from issuance of Class A ordinary shares in a private placement | 2,940,000 | |
| Advance of loans to customers in the form of USDT | 58,950,000 | |
| Reconciliation of cash, cash equivalents and restricted cash to the unaudited condensed consolidated balance sheets | ||
| Cash and cash equivalents | 10,407,367 | |
| Restricted cash | 34,860,027 | |
| Total cash, cash equivalents, and restricted cash | $ 45,267,394 | |
Condensed Consolidated Balance Sheets - USD ($) |
Jun. 30, 2026 |
Mar. 31, 2026 |
||
|---|---|---|---|---|
| Assets | ||||
| Cash and cash equivalents | $ 10,407,367 | $ 12,989,922 | ||
| Restricted cash | 34,860,027 | 18,715,497 | ||
| Digital assets | 2,339,179 | |||
| Receivables from broker-dealers and clearing organizations | 20,310,833 | 32,535,854 | ||
| Receivables from customers | 1,668,312 | |||
| Loans receivable, net | 81,182,401 | 11,751,771 | ||
| Securities owned, at fair value | 1,081,370 | 710,632 | ||
| Fixed assets, net | 1,059,762 | 1,114,541 | ||
| Intangible assets, net | 63,759 | 63,776 | ||
| Goodwill | 26,187 | 26,187 | ||
| Right-of-use assets | 1,386,066 | 1,557,438 | ||
| Long-term investments | 3,147,784 | 3,147,784 | ||
| Deposit for long-term investment | 1,400,800 | 600,000 | ||
| Other assets | 865,631 | 899,299 | ||
| Deferred tax assets | 43,507 | 43,365 | ||
| Total assets | 158,407,198 | 86,056,943 | ||
| Liabilities and shareholders’ equity | ||||
| Payable to customers | 53,815,624 | 48,850,774 | ||
| Contract liabilities | 53,255 | |||
| Income tax payable | 105,402 | 149,778 | ||
| Promissory notes payable | 637,592 | 637,755 | ||
| Accrued expenses and other liabilities | 442,666 | 527,484 | ||
| Lease liabilities | 1,415,554 | 1,584,183 | ||
| Subscription fees advanced from shareholders | 64,983,160 | |||
| Total liabilities | 121,408,566 | 51,811,799 | ||
| Commitments and contingencies | ||||
| Shareholders’ Equity | ||||
| Additional paid-in capital | 31,984,829 | 29,036,288 | ||
| Retained earnings | 4,460,209 | 4,573,642 | ||
| Accumulated other comprehensive income | 208,978 | 296,688 | ||
| Total shareholders’ equity | 36,697,571 | 33,943,714 | ||
| Non-controlling interest | 301,061 | 301,430 | ||
| Total liabilities and shareholders’ equity | 158,407,198 | 86,056,943 | ||
| Class A Ordinary Shares | ||||
| Shareholders’ Equity | ||||
| Ordinary shares value | [1] | 33,555 | 27,096 | |
| Class B Ordinary Shares | ||||
| Shareholders’ Equity | ||||
| Ordinary shares value | [1] | 10,000 | 10,000 | |
| Related Party | ||||
| Assets | ||||
| Due from a related party | 232,525 | 232,565 | ||
| Liabilities and shareholders’ equity | ||||
| Payable to customers – a related party | $ 8,568 | $ 8,570 | ||
| ||||