Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Summary of gross loan

The following table sets forth information about our loan products for fiscal 2024:

	Minimum Origination		Maximum Origination		Minimum Term (Months)	Maximum Term (Months)
Small loans	$	250	$	2,450	5	30
Large loans	2,500		32,400		9	60
Tax advance loans	500		7,000		8	35

Gross loans receivable at March 31, 2024 and 2023 consisted of the following:

	2024		2023
Small loans	$	551,769,248	$	580,107,889
Large loans	712,991,000		807,345,625
Tax advance loans	12,389,008		2,562,054
Total gross loans	$	1,277,149,256	$	1,390,015,568

The following is a summary of gross loans receivable by Customer Tenure as of:

Customer Tenure	March 31, 2024		March 31, 2023
0 to 5 months	$	73,699,568	$	81,803,668
6 to 17 months	69,616,739		133,650,188
18 to 35 months	140,340,728		135,396,187
36 to 59 months	181,399,293		244,414,255
60+ months	799,703,920		792,189,216
Tax advance loans	12,389,008		2,562,054
Total gross loans	$	1,277,149,256	$	1,390,015,568

The following table presents unpaid accrued interest reversed against interest income by Customer Tenure for the years ended March 31, 2024 and 2023:

	Unpaid Accrued Interest Reversed Against Interest Income
	2024		2023
Customer Tenure
0 to 5 months	$	(5,337,159)	$	(9,280,329)
6 to 17 months	(3,251,451)		(5,790,516)
18 to 35 months	(3,381,665)		(4,673,972)
36 to 59 months	(4,055,663)		(4,596,229)
60+ months	(10,495,899)		(12,191,199)
Total	$	(26,521,837)	$	(36,532,245)