v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Jun. 30, 2025
ASSETS    
Cash and cash equivalents $ 16,706,099 $ 7,533,690
Cash segregated - customers 23,789,820 21,874,954
Cash segregated - PAB 676,084 200,575
Receivables - broker-dealers and clearing organizations 4,253,025 4,179,625
Receivables - customers, net, net of allowance for credit losses of $401,128 and $401,128 as of March 31, 2026 and June 30, 2025, respectively 783,769 320,815
Other receivables 37,161 251,099
Prepaids 674,588 573,175
Trading securities, market value, net 39 5
Total Current Assets 46,920,585 34,933,938
Operating lease right to use lease asset 627,057 179,267
Customer list, net 12,017,209 12,932,106
Goodwill 6,142,525 6,142,525
Pacsquare asset purchase 1,640,351 1,785,104
Cash deposits - broker-dealers and clearing organizations 5,512,500 4,265,000
Bank acquisition deposit 128,645 63,645
Other assets 926,934 591,248
TOTAL ASSETS 73,915,806 60,892,833
LIABILITIES    
Payables to customers 22,889,139 23,935,348
Accounts and payables to officers/directors 58,278 199,088
Accounts payable and accrued expenses 2,623,346 6,194,311
Payables - broker-dealers and clearing organizations 3,193,373 497,660
Commissions, payroll and payroll taxes 367,845 395,214
Current portion of lease liability 309,958 111,983
Promissory notes 564,650 1,207,797
Current portion of long-term merger financing, net 980,106
Merger financing payable 1,618,575
Tau agreement liability 539,787
Debenture 412,644
Winston & Strawn agreement 2,489,945
Excise tax payable 2,611,618
Total Current Liabilities 30,820,905 41,003,400
Accrued contingent liability 100,000 100,000
Secured convertible note, net 11,706,148 8,909,070
Long-term convertible note Chardan, net 718,866
2025 Warrants 2,754,751
Derivative liability - Warrants 108,910 123,062
Earnout - liability 689,000 11,369,000
Deferred income tax liability 3,119,827 3,366,137
Subordinated borrowings 1,930,000 1,930,000
Trading account deposit 100,000 100,000
Long-term lease liability 327,686 70,746
TOTAL LIABILITIES 51,657,227 67,690,281
Commitments and Contingencies (Note 8)
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; none issued or outstanding
Common stock, $0.0001 par value; 500,000,000 shares authorized; 149,794,297 and 40,165,603 shares issued and outstanding at March 31, 2026 and June 30, 2025, respectively 14,979 4,016
Additional paid-in-capital 157,783,898 135,763,445
Stock subscription receivable (41,089) (41,089)
Accumulated Deficit (135,499,209) (142,523,820)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 22,258,579 (6,797,448)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 73,915,806 60,892,833
Related Party [Member]    
LIABILITIES    
Stock payable – related party 55,087 55,087
Merger Financing [Member]    
LIABILITIES    
Convertible Notes - derivative 63,696
Debenture [Member]    
LIABILITIES    
Convertible Notes - derivative 346,585
Convertible Derivative [Member]    
LIABILITIES    
Convertible Notes - derivative 103,185
Chardan Note [Member]    
LIABILITIES    
Long-term convertible note Chardan, net $ 718,866