$TOP
TOP Financial Group Ltd Stock $top

$top Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 20-F Financial Statement

#000121390023053057 Filed on June 30, 2023

Income Statement

Concept	2023 Q1	2023	2022 Q1
Revenue	$4.538M	$9.695M
YoY Change		23.98%
Cost Of Revenue	$1.081M	$2.818M
YoY Change		3.29%
Gross Profit	$3.457M	$6.877M
YoY Change		35.06%
Gross Profit Margin	76.19%	70.93%
Selling, General & Admin	$1.866M	$3.448M
YoY Change		128.04%
% of Gross Profit	53.98%	50.14%
Research & Development		$775.5K
YoY Change		80.99%
% of Gross Profit		11.28%
Depreciation & Amortization	$18.16K	$25.50K
YoY Change		136.59%
% of Gross Profit	0.53%	0.37%
Operating Expenses	$1.866M	$3.448M
YoY Change		-18.69%
Operating Profit	$1.591M	$3.429M
YoY Change		302.7%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$1.591M	$3.429M
YoY Change		-4.21%
Income Tax	$31.52K	$31.52K
% Of Pretax Income	1.98%	0.92%
Net Earnings	$1.560M	$3.398M
YoY Change		-2.68%
Net Earnings / Revenue	34.37%	35.04%
Basic Earnings Per Share		$0.10
Diluted Earnings Per Share	$0.05	$0.10
COMMON SHARES
Basic Shares Outstanding	35.00M shares	34.17M shares	30.00M shares
Diluted Shares Outstanding		34.17M shares

Balance Sheet

Concept	2023 Q1	2023	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$15.97M	$15.97M
YoY Change		157.56%
Cash & Equivalents	$15.97M	$15.97M	$6.199M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$6.987M	$6.987M
Other Receivables	$1.523M	$1.523M
Total Short-Term Assets	$24.48M	$24.48M
YoY Change		150.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$638.8K	$638.8K	$421.3K
YoY Change	51.63%	-3.79%	2209.55%
Goodwill
YoY Change
Intangibles	$63.70K
YoY Change
Long-Term Investments	$4.198M	$4.198M
YoY Change		225.71%
Other Assets	$1.879M	$1.879M
YoY Change		6.94%
Total Long-Term Assets	$15.81M	$15.81M
YoY Change		286.4%
TOTAL ASSETS
Total Short-Term Assets	$24.48M	$24.48M
Total Long-Term Assets	$15.81M	$15.81M
Total Assets	$40.28M	$40.28M	$13.88M
YoY Change	190.21%	190.21%	35.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.501M	$3.501M
YoY Change		9.05%
Accrued Expenses	$838.8K	$838.8K
YoY Change		122.97%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.383M	$4.383M
YoY Change		18.91%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	-$50.00K	-$50.00K
YoY Change
Total Long-Term Liabilities	-$50.00K	-$50.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.383M	$4.383M
Total Long-Term Liabilities	-$50.00K	-$50.00K
Total Liabilities	$4.333M	$4.333M	$3.686M
YoY Change	17.55%	17.55%	4.99%
SHAREHOLDERS EQUITY
Retained Earnings	$10.66M		$7.265M
YoY Change	46.77%		92.53%
Common Stock	$35.01K		$30.00K
YoY Change	16.68%		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$35.95M	$35.95M	$10.20M
YoY Change
Total Liabilities & Shareholders Equity	$40.28M	$40.28M	$13.88M
YoY Change	190.21%	190.21%	35.23%

Cashflow Statement

Concept	2023 Q1	2023
OPERATING ACTIVITIES
Net Income	$1.560M	$3.398M
YoY Change		-2.68%
Depreciation, Depletion And Amortization	$18.16K	$25.50K
YoY Change		136.59%
Cash From Operating Activities	-$1.310M	-$6.031M
YoY Change		-480.55%
INVESTING ACTIVITIES
Capital Expenditures		$86.44K
YoY Change		-79.12%
Acquisitions
YoY Change
Other Investing Activities	-$6.543M	-$6.456M
YoY Change
Cash From Investing Activities	-$6.543M	-$6.543M
YoY Change		1480.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	-$150.0K	-$150.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	49.84K	22.50M
YoY Change
NET CHANGE
Cash From Operating Activities	-1.310M	-6.031M
Cash From Investing Activities	-6.543M	-6.543M
Cash From Financing Activities	49.84K	22.50M
Net Change In Cash	-7.803M	9.927M
YoY Change		747.68%
FREE CASH FLOW
Cash From Operating Activities	-$1.310M	-$6.031M
Capital Expenditures		$86.44K
Free Cash Flow		-$6.118M
YoY Change		-622.44%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Document Type DocumentType	20-F
CY2023	dei	Document Registration Statement DocumentRegistrationStatement	false
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Document Shell Company Report DocumentShellCompanyReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-41407
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	E9
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	118 Connaught Road West
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	Room 1101
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Hong Kong
CY2023	dei	Entity Address Country EntityAddressCountry	HK
CY2023	dei	Security12b Title Security12bTitle	Ordinary shares, par value $0.001 per share
CY2023	dei	Trading Symbol TradingSymbol	TOP
CY2023	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	35004635	shares
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2023	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023	dei	Auditor Name AuditorName	YCM CPA Inc.
CY2023	dei	Auditor Location AuditorLocation	Irvine, California
CY2023	dei	Auditor Firm AuditorFirmId	6781
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15966421	usd
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6199213	usd
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1879472	usd
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1757546	usd
CY2023Q1	top	Loans Receivable LoansReceivable	8855220	usd
CY2023Q1	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	3212777	usd
CY2022Q1	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	2360157	usd
CY2023Q1	top	Commission Receivable CommissionReceivable	3773982	usd
CY2022Q1	top	Commission Receivable CommissionReceivable	1230542	usd
CY2023Q1	top	Due From Related Partie Current DueFromRelatedPartieCurrent	1523259	usd
CY2023Q1	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	2741178	usd
CY2022Q1	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	1288747	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	482130	usd
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	421285	usd
CY2023Q1	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	63695	usd
CY2022Q1	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	63837	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	156656	usd
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	242665	usd
CY2023Q1	us-gaap	Other Long Term Investments OtherLongTermInvestments	256420	usd
CY2023Q1	top	Deposit For Longterm Investment DepositForLongtermInvestment	200000	usd
CY2023Q1	top	Availableforsale Investment AvailableforsaleInvestment	1000000	usd
CY2023Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	14386	usd
CY2022Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	20292	usd
CY2023Q1	us-gaap	Other Assets OtherAssets	158300	usd
CY2022Q1	us-gaap	Other Assets OtherAssets	296532	usd
CY2023Q1	us-gaap	Assets Assets	40283896	usd
CY2022Q1	us-gaap	Assets Assets	13880816	usd
CY2023Q1	top	Due To Related Partie Current And Noncurrent DueToRelatedPartieCurrentAndNoncurrent	3500690	usd
CY2022Q1	top	Due To Related Partie Current And Noncurrent DueToRelatedPartieCurrentAndNoncurrent	3210113	usd
CY2023Q1	top	Due To Related Partie Current DueToRelatedPartieCurrent	43127	usd
CY2022Q1	top	Due To Related Partie Current DueToRelatedPartieCurrent	99423	usd
CY2023Q1	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	688617	usd
CY2022Q1	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	131317	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	150139	usd
CY2022Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	244861	usd
CY2023Q1	us-gaap	Liabilities Liabilities	4332573	usd
CY2022Q1	us-gaap	Liabilities Liabilities	3685714	usd
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2022Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	35004635	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	35004635	shares
CY2022Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	30000000	shares
CY2022Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	30000000	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	35005	usd
CY2022Q1	us-gaap	Common Stock Value CommonStockValue	30000	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	25172567	usd
CY2022Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2934595	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	10662274	usd
CY2022Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7264531	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	81477	usd
CY2022Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-34024	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	35951323	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	10195102	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	40283896	usd
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	13880816	usd
CY2023	us-gaap	Revenues Revenues	9695402	usd
CY2022	us-gaap	Revenues Revenues	7820395	usd
CY2021	us-gaap	Revenues Revenues	16906372	usd
CY2023	us-gaap	Leasing Commissions Expense LeasingCommissionsExpense	2818124	usd
CY2022	us-gaap	Leasing Commissions Expense LeasingCommissionsExpense	2728389	usd
CY2021	us-gaap	Leasing Commissions Expense LeasingCommissionsExpense	10263351	usd
CY2023	top	Compensation And Benefits CompensationAndBenefits	1010460	usd
CY2022	top	Compensation And Benefits CompensationAndBenefits	562297	usd
CY2021	top	Compensation And Benefits CompensationAndBenefits	690867	usd
CY2023	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	775464	usd
CY2022	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	428445	usd
CY2021	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	200715	usd
CY2023	us-gaap	Occupancy Net OccupancyNet	124792	usd
CY2022	us-gaap	Occupancy Net OccupancyNet	129064	usd
CY2021	us-gaap	Occupancy Net OccupancyNet	132220	usd
CY2023	us-gaap	Business Development BusinessDevelopment	188963	usd
CY2022	us-gaap	Business Development BusinessDevelopment	53337	usd
CY2021	us-gaap	Business Development BusinessDevelopment	16880	usd
CY2023	us-gaap	Professional Fees ProfessionalFees	1207552	usd
CY2022	us-gaap	Professional Fees ProfessionalFees	271477	usd
CY2021	us-gaap	Professional Fees ProfessionalFees	382827	usd
CY2023	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	140784	usd
CY2022	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	67434	usd
CY2021	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	104077	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	6266139	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	4240443	usd
CY2021	us-gaap	Operating Expenses OperatingExpenses	11790937	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3429263	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3579952	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5115435	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	31520	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	88647	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	70765	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	3397743	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	3491305	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	5044670	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable From Securitization IncreaseDecreaseInAccountsReceivableFromSecuritization	812063	usd
CY2023	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	115501	usd
CY2022	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-50390	usd
CY2021	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-20245	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	3513244	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	3440915	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	5024425	usd
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CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.17
CY2023	top	Dividend Per Share Basic DividendPerShareBasic	0
CY2022	top	Dividend Per Share Basic DividendPerShareBasic	0
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CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34165920	shares
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CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	30000000	shares
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CY2021	us-gaap	Stock Issued During Period Value Stock Dividend StockIssuedDuringPeriodValueStockDividend	4699617	usd
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CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	10195102	usd
CY2023	top	Initial Public Offering Cost InitialPublicOfferingCost	22492840	usd
CY2023	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	50137	usd
CY2023	us-gaap	Payments For Repurchase Of Warrants PaymentsForRepurchaseOfWarrants	300000	usd
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CY2023	us-gaap	Increase Decrease In Long Term Receivables Current IncreaseDecreaseInLongTermReceivablesCurrent	3855220	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	1523259	usd
CY2023	top	Receivables From Brokerdealers And Clearing Organizations ReceivablesFromBrokerdealersAndClearingOrganizations	859053	usd
CY2022	top	Receivables From Brokerdealers And Clearing Organizations ReceivablesFromBrokerdealersAndClearingOrganizations	-193103	usd
CY2021	top	Receivables From Brokerdealers And Clearing Organizations ReceivablesFromBrokerdealersAndClearingOrganizations	-2429830	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable From Securitization IncreaseDecreaseInAccountsReceivableFromSecuritization	1453660	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable From Securitization IncreaseDecreaseInAccountsReceivableFromSecuritization	347112	usd
CY2023	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-140566	usd
CY2022	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	143229	usd
CY2021	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-35826	usd
CY2023	us-gaap	Increase Decrease In Payables To Customers IncreaseDecreaseInPayablesToCustomers	298172	usd
CY2022	us-gaap	Increase Decrease In Payables To Customers IncreaseDecreaseInPayablesToCustomers	-6636	usd
CY2021	us-gaap	Increase Decrease In Payables To Customers IncreaseDecreaseInPayablesToCustomers	-2872467	usd
CY2023	us-gaap	Increase Decrease In Due To Other Related Parties IncreaseDecreaseInDueToOtherRelatedParties	-56215	usd
CY2022	us-gaap	Increase Decrease In Due To Other Related Parties IncreaseDecreaseInDueToOtherRelatedParties	78006	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	357681	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	13830	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-40655	usd
CY2023	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	5869	usd
CY2022	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-149579	usd
CY2021	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	70388	usd
CY2023	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-104170	usd
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-51589	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6031451	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1584921	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4333768	usd
CY2023	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	86443	usd
CY2022	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	413890	usd
CY2021	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	16278	usd
CY2023	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	256420	usd
CY2023	us-gaap	Payments To Acquire Longterm Investments PaymentsToAcquireLongtermInvestments	200000	usd
CY2023	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties	5000000	usd
CY2023	us-gaap	Payments For Derivative Instrument Investing Activities PaymentsForDerivativeInstrumentInvestingActivities	1000000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-6542863	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-413890	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-16278	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	22650871	usd
CY2023	top	Paymentsforrepurchaseofwarrants Paymentsforrepurchaseofwarrants	150000	usd
CY2021	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5202494	usd
CY2021	top	Amount Due From A Related Party AmountDueFromARelatedParty	2876244	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	22500871	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2326250	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	9914966	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	1171031	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	1991240	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7956759	usd
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6835476	usd
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4864497	usd
CY2023	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-37423	usd
CY2022	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-49748	usd
CY2021	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-20261	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17834302	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7956759	usd
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6835476	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value Including Discontinued Operations CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	15954830	usd
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value Including Discontinued Operations CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	6199213	usd
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value Including Discontinued Operations CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	4858052	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	1879472	usd
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	1757546	usd
CY2021Q1	us-gaap	Restricted Cash RestrictedCash	1977424	usd
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	17834302	usd
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	7956759	usd
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	6835476	usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	9858	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	298178	usd
CY2023	top	Accrual Of Repurchase Of Warrants AccrualOfRepurchaseOfWarrants	150000	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	7710	usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	25652	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	103324	usd
CY2022Q2	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	5
CY2022Q2	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	25000000	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the U. S. requires the use of estimates and assumptions that affect both the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.</p>
CY2023	top	Schedule Of Receivables From Brokerdealers And Clearing Organizations ScheduleOfReceivablesFromBrokerdealersAndClearingOrganizations	<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">As of March 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify">Receivables from broker-dealers and clearing organizations for futures customer accounts</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,779,923</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">2,112,402</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Receivables from broker-dealers and clearing organizations for securities customer accounts</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,831</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84,333</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Receivables from broker-dealers and clearing organizations for securities proprietary trading</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,331,023</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">163,422</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 4pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">3,212,777</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">2,360,157</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2023Q1	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	3212777	usd
CY2022Q1	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	2360157	usd
CY2021	us-gaap	Brokerage Commissions Revenue BrokerageCommissionsRevenue	64648	usd
CY2023Q1	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.03	pure
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.036	pure
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.016	pure
CY2023Q1	srt	Net Capital Excess Shortage Under Commodity Exchange Act NetCapitalExcessShortageUnderCommodityExchangeAct	4312075	usd
CY2022Q1	srt	Net Capital Excess Shortage Under Commodity Exchange Act NetCapitalExcessShortageUnderCommodityExchangeAct	4287038	usd
CY2021Q1	srt	Net Capital Excess Shortage Under Commodity Exchange Act NetCapitalExcessShortageUnderCommodityExchangeAct	16085815	usd
CY2023	top	Revenue From Contract With Customer Trading Solution Services Fees RevenueFromContractWithCustomerTradingSolutionServicesFees	4396207	usd
CY2022	top	Revenue From Contract With Customer Trading Solution Services Fees RevenueFromContractWithCustomerTradingSolutionServicesFees	3309288	usd
CY2022	top	Revenue From Contract With Customer Structure Note Subscription Fees RevenueFromContractWithCustomerStructureNoteSubscriptionFees	734317	usd
CY2021	top	Revenue From Contract With Customer Structure Note Subscription Fees RevenueFromContractWithCustomerStructureNoteSubscriptionFees	78311	usd
CY2023	us-gaap	Regulated Operating Revenue Other RegulatedOperatingRevenueOther	294083	usd
CY2022	us-gaap	Regulated Operating Revenue Other RegulatedOperatingRevenueOther	280677	usd
CY2021	us-gaap	Regulated Operating Revenue Other RegulatedOperatingRevenueOther	277937	usd
CY2023	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	9002365	usd
CY2022	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	8611320	usd
CY2021	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	16442063	usd
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.50	pure
CY2023	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.05	pure
CY2023	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Amount DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount	191	usd
CY2023Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits	17544	usd
CY2022Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits	16847	usd
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Concentration</i> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">For the year ended March 31, 2023, 2 customers accounted for approximately 13%, and 10% of the total revenue, respectively. For the year ended March 31, 2022, three customers accounted for approximately 35%, 18% and 11% of the total revenue, respectively. For the year ended March 31, 2021, two customers accounted for approximately 59% and 22% of the total revenue, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">For the year ended March 31, 2023, 2 brokers accounted for approximately 76%, and 18% of the total commission expenses, respectively. For the year ended March 31, 2022, three brokers accounted for 55%, 35% and 11% of the total commission expenses, respectively. For the year ended March 31, 2021, no brokers accounted for more than 10% of the total commission expenses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">As of March 31, 2023, the payable balance due to 2 customers accounted for approximately 27%, and 19% of the total balance of payable to customers, respectively. As of March 31, 2022, the payable balance due to three customers accounted for approximately 36%, 17% and 11% of the total balance of payable to customers, respectively.</p>
CY2021	top	Commission Expense Percentage CommissionExpensePercentage	0.10	pure
CY2023	top	Payable To Customers PayableToCustomers	0.19	pure
CY2023	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Reclassification</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">Certain items in the financial statements of comparative period have been reclassified to conform to the financial statements for the current period. The reclassification has no impact on the total assets and total liabilities as of March 31, 2023 and 2022 or on the statements of operations for the year ended March 31, 2023, 2022 and 2021.</p>
CY2023Q1	us-gaap	Accounts Notes And Loans Receivable Net Current AccountsNotesAndLoansReceivableNetCurrent	3773982	usd
CY2022Q1	us-gaap	Accounts Notes And Loans Receivable Net Current AccountsNotesAndLoansReceivableNetCurrent	1230542	usd
CY2023Q1	us-gaap	Receivables From Customers ReceivablesFromCustomers	3773982	usd
CY2022Q1	us-gaap	Receivables From Customers ReceivablesFromCustomers	1230542	usd
CY2023Q1	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	5000000	usd
CY2023Q1	top	Receivable Due Customers Holding Us Stocks ReceivableDueCustomersHoldingUSStocks	3855220	usd
CY2023Q1	top	Loans Receivable LoansReceivable	8855220	usd
CY2022Q4	us-gaap	Loans Receivable With Variable Rates Of Interest1 LoansReceivableWithVariableRatesOfInterest1	5000000	usd
CY2022Q4	us-gaap	Financing Receivable Percent Past Due1 FinancingReceivablePercentPastDue1	0.0067	pure
CY2023	us-gaap	Interest Income Other InterestIncomeOther	167500	usd
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	68273	usd
CY2022Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	54216	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	482130	usd
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	421285	usd
CY2023	us-gaap	Depreciation Expense On Reclassified Assets DepreciationExpenseOnReclassifiedAssets	25496	usd
CY2022	us-gaap	Depreciation Expense On Reclassified Assets DepreciationExpenseOnReclassifiedAssets	10778	usd
CY2021	us-gaap	Depreciation Expense On Reclassified Assets DepreciationExpenseOnReclassifiedAssets	13288	usd
CY2021Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits	17410	usd
CY2023Q1	us-gaap	Securities Received As Collateral SecuritiesReceivedAsCollateral	2741178	usd
CY2023Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	2741178	usd
CY2022Q1	us-gaap	Securities Received As Collateral SecuritiesReceivedAsCollateral	1288747	usd
CY2022Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	1288747	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	156656	usd
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	242665	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	150139	usd
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	244861	usd
CY2023Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P1Y5M15D
CY2022Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y5M15D
CY2023Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.05	pure
CY2022Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.05	pure
CY2023	us-gaap	Operating Lease Expense OperatingLeaseExpense	104557	usd
CY2022	us-gaap	Operating Lease Expense OperatingLeaseExpense	115176	usd
CY2021	us-gaap	Operating Lease Expense OperatingLeaseExpense	119759	usd
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P3Y
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	110982	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	44141	usd
CY2023Q1	top	Lessee Operating Lease Liability Payment Due LesseeOperatingLeaseLiabilityPaymentDue	155123	usd
CY2023Q1	us-gaap	Receivable With Imputed Interest Net Amount ReceivableWithImputedInterestNetAmount	4984	usd
CY2023	top	Present Value Of Lease Liabilities PresentValueOfLeaseLiabilities	150139	usd
CY2022Q2	us-gaap	Offering Costs Partnership Interests OfferingCostsPartnershipInterests	256420	usd
CY2022Q2	us-gaap	Offering Costs Partnership Interests OfferingCostsPartnershipInterests	2000000	hkd
CY2022Q2	top	Subsidiary Of Limited Liabilities Company Or Limited Partnership Ownership Interest SubsidiaryOfLimitedLiabilitiesCompanyOrLimitedPartnershipOwnershipInterest	0.20	pure
CY2022	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	5000	shares
CY2023Q1	us-gaap	Excess Stock Shares Authorized ExcessStockSharesAuthorized	50000000	shares
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2019Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	50000000	shares
CY2021Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Description ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription	the sole shareholder of the Company surrendered 20,000,000 ordinary shares of US$0.001 par value each for no consideration. On September 9, 2021 the Company’s shareholders and Board of Directors approved to amend the authorized share capital from US$50,000, divided into 50,000,000 ordinary shares of a par value of US$0.001 per share, to US$150,000, divided into 150,000,000 ordinary shares of a par value of US$0.001 per share. The Company believes it is appropriate to reflect the such changes in share structure on a retroactive basis pursuant to ASC 260. The Company has retroactively restated all shares and per share data for all periods presented. As a result, the Company had 150,000,000 authorized shares, par value of US$0.001, of which 30,000,000 and 30,000,000 were issued and outstanding as of March 31, 2022 and 2021.
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	50000	shares
CY2022Q2	us-gaap	Investment Company Shareholder Service Fee Expense InvestmentCompanyShareholderServiceFeeExpense	200000	usd
CY2022Q2	us-gaap	Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation	50000	shares
CY2022Q2	us-gaap	Asset Acquisition Consideration Transferred Other Assets AssetAcquisitionConsiderationTransferredOtherAssets	200000	usd
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	35004635	shares
CY2022Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	30000000	shares
CY2022Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	0.01
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent	0.06	pure
CY2023	top	Exercise Price Percentage ExercisePricePercentage	1.20	pure
CY2023Q1	us-gaap	Dividends Cash DividendsCash	300000	hkd
CY2023Q1	top	Effect Of Exchanges Rate On Cash EffectOfExchangesRateOnCash	300000	usd
CY2023	us-gaap	Stock Issued1 StockIssued1	150000	usd
CY2023Q1	top	Cash Paid CashPaid	150000	usd
CY2018	us-gaap	Effective Income Tax Rate Reconciliation Beat Amount EffectiveIncomeTaxRateReconciliationBeatAmount	2000000	hkd
CY2018	us-gaap	Interest Accrual Rate Associated With Amortization Method Of Present Value Of Future Insurance Profits InterestAccrualRateAssociatedWithAmortizationMethodOfPresentValueOfFutureInsuranceProfits	0.0825	pure
CY2019	us-gaap	Effective Income Tax Rate Reconciliation Beat Amount EffectiveIncomeTaxRateReconciliationBeatAmount	2000000	hkd
CY2019	us-gaap	Interest Accrual Rate Associated With Amortization Method Of Present Value Of Future Insurance Profits InterestAccrualRateAssociatedWithAmortizationMethodOfPresentValueOfFutureInsuranceProfits	0.165	pure
CY2022	us-gaap	Interest Accrual Rate Associated With Amortization Method Of Present Value Of Future Insurance Profits InterestAccrualRateAssociatedWithAmortizationMethodOfPresentValueOfFutureInsuranceProfits	0.165	pure
CY2023	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	17	usd
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	31520	usd
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	88647	usd
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	70765	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	31520	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	88647	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	70765	usd
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	565828	usd
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	590692	usd
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	844047	usd
CY2022	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	181910	usd
CY2021	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	12238	usd
CY2023Q1	us-gaap	Liabilities Subject To Compromise Income Tax Contingencies LiabilitiesSubjectToCompromiseIncomeTaxContingencies	421297	usd
CY2022Q1	us-gaap	Liabilities Subject To Compromise Income Tax Contingencies LiabilitiesSubjectToCompromiseIncomeTaxContingencies	539572	usd
CY2021Q1	us-gaap	Liabilities Subject To Compromise Income Tax Contingencies LiabilitiesSubjectToCompromiseIncomeTaxContingencies	98326	usd
CY2023	us-gaap	Other Noncash Income Tax Expense OtherNoncashIncomeTaxExpense	30	usd
CY2023	us-gaap	Interest Income Nontaxable Investment Security Increase Decrease InterestIncomeNontaxableInvestmentSecurityIncreaseDecrease	113777	usd
CY2022	us-gaap	Interest Income Nontaxable Investment Security Increase Decrease InterestIncomeNontaxableInvestmentSecurityIncreaseDecrease	143098	usd
CY2021	us-gaap	Interest Income Nontaxable Investment Security Increase Decrease InterestIncomeNontaxableInvestmentSecurityIncreaseDecrease	664621	usd
CY2023	top	Benefit On Tax Concession BenefitOnTaxConcession	765	usd
CY2022	top	Benefit On Tax Concession BenefitOnTaxConcession	1285	usd
CY2021	top	Benefit On Tax Concession BenefitOnTaxConcession	22573	usd
CY2023	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	1561	usd
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	31520	usd
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	88647	usd
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	70765	usd
CY2022	us-gaap	Income Tax Examination Description IncomeTaxExaminationDescription	The provision for Hong Kong Profits Tax for 2023 is calculated at 16.5% (2022 and 2021: 16.5%) of the estimated assessable profits for the year, taking into account a reduction granted by the Hong Kong SAR Government of 100% of the tax payable for the year of assessment 2022-23 subject to a maximum reduction of HK$6,000 for each business (2022: a maximum reduction of HK$10,000 was granted for the year of assessment 2021-22 and was taken into account in calculating the provision for 2022, 2021: a maximum reduction of HK$10,000 was granted for the year of assessment 2020-21 and was taken into account in calculating the provision for 2021).
CY2023Q1	us-gaap	Capital Required For Capital Adequacy CapitalRequiredForCapitalAdequacy	764340	usd
CY2023Q1	us-gaap	Statutory Accounting Practices Statutory Capital And Surplus Required StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired	5433190	usd
CY2023Q1	srt	Alternative Excess Net Capital AlternativeExcessNetCapital	4668850	usd
CY2023	top	Percent Of Requirement Maintained PercentOfRequirementMaintained	7.11	pure
CY2022Q1	us-gaap	Capital Required For Capital Adequacy CapitalRequiredForCapitalAdequacy	766038	usd
CY2022Q1	us-gaap	Statutory Accounting Practices Statutory Capital And Surplus Required StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired	5755506	usd
CY2022Q1	srt	Alternative Excess Net Capital AlternativeExcessNetCapital	4989467	usd
CY2022	top	Percent Of Requirement Maintained PercentOfRequirementMaintained	7.51	pure
CY2023	dei	Entity Registrant Name EntityRegistrantName	TOP Financial Group Ltd
CY2023	dei	Document Accounting Standard DocumentAccountingStandard	U.S. GAAP
CY2022Q1	top	Loans Receivable LoansReceivable		usd
CY2022Q1	top	Due From Related Partie Current DueFromRelatedPartieCurrent		usd
CY2022Q1	us-gaap	Other Long Term Investments OtherLongTermInvestments		usd
CY2022Q1	top	Deposit For Longterm Investment DepositForLongtermInvestment		usd
CY2022Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.10
CY2023	top	Dividend Per Share Diluted DividendPerShareDiluted	0.00
CY2022	top	Dividend Per Share Diluted DividendPerShareDiluted	0.00
CY2021	top	Dividend Per Share Diluted DividendPerShareDiluted	0.16
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	30000000	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34165920	shares
CY2021	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization		usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation		usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation		usd
CY2021	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables		usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties		usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties		usd
CY2021	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability		usd
CY2022	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture		usd
CY2021	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture		usd
CY2022	us-gaap	Payments To Acquire Longterm Investments PaymentsToAcquireLongtermInvestments		usd
CY2021	us-gaap	Payments To Acquire Longterm Investments PaymentsToAcquireLongtermInvestments		usd
CY2022	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties		usd
CY2021	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties		usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		usd
CY2021	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		usd
CY2022	top	Paymentsforrepurchaseofwarrants Paymentsforrepurchaseofwarrants		usd
CY2021	top	Paymentsforrepurchaseofwarrants Paymentsforrepurchaseofwarrants		usd
CY2023	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock		usd
CY2022	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock		usd
CY2023	top	Amount Due From A Related Party AmountDueFromARelatedParty		usd
CY2022	top	Amount Due From A Related Party AmountDueFromARelatedParty		usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities		usd
CY2021	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability		usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2021	top	Revenue From Contract With Customer Trading Solution Services Fees RevenueFromContractWithCustomerTradingSolutionServicesFees		usd
CY2023	top	Revenue From Contract With Customer Structure Note Subscription Fees RevenueFromContractWithCustomerStructureNoteSubscriptionFees		usd
CY2022	us-gaap	Brokerage Commissions Revenue BrokerageCommissionsRevenue		usd
CY2020	us-gaap	Brokerage Commissions Revenue BrokerageCommissionsRevenue		usd
CY2022Q1	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure		usd
CY2022Q1	top	Receivable Due Customers Holding Us Stocks ReceivableDueCustomersHoldingUSStocks		usd
CY2022Q1	top	Loans Receivable LoansReceivable		usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit		usd
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit		usd
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit		usd
CY2023	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense		usd
CY2022	us-gaap	Other Noncash Income Tax Expense OtherNoncashIncomeTaxExpense		usd
CY2021	us-gaap	Other Noncash Income Tax Expense OtherNoncashIncomeTaxExpense		usd
CY2022	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance		usd
CY2021	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance		usd
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	00000
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001848275

Files In Submission

Name	View Source	Status
0001213900-23-053057-index-headers.html	Edgar Link	pending
0001213900-23-053057-index.html	Edgar Link	pending
0001213900-23-053057.txt	Edgar Link	pending
0001213900-23-053057-xbrl.zip	Edgar Link	pending
ex1-1_001.jpg	Edgar Link	pending
f20f2023ex1-1_topfinancial.htm	Edgar Link	pending
f20f2023ex11-2_topfinancial.htm	Edgar Link	pending
f20f2023ex12-1_topfinancial.htm	Edgar Link	pending
f20f2023ex12-2_topfinancial.htm	Edgar Link	pending
f20f2023ex13-1_topfinancial.htm	Edgar Link	pending
f20f2023ex13-2_topfinancial.htm	Edgar Link	pending
f20f2023ex2-1_topfinancial.htm	Edgar Link	pending
f20f2023ex4-12_topfinancial.htm	Edgar Link	pending
f20f2023ex8-1_topfinancial.htm	Edgar Link	pending
f20f2023_topfinan.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
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MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
f20f2023_topfinan_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
top-20230331.xsd	Edgar Link	pending
top-20230331_def.xml	Edgar Link	unprocessable
top-20230331_lab.xml	Edgar Link	unprocessable
top-20230331_pre.xml	Edgar Link	unprocessable
top-20230331_cal.xml	Edgar Link	unprocessable

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TOP Financial Group Ltd Stock $top

2023 Q1 Form 20-F Financial Statement

#000121390023053057 Filed on June 30, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TOP TOP Financial Group Ltd Stock $top

2023 Q1 Form 20-F Financial Statement

#000121390023053057 Filed on June 30, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TOP
TOP Financial Group Ltd Stock $top