v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
REVENUES        
Commissions $ 1,412,339 $ 1,506,077 $ 6,844,429 $ 4,488,058
Vetting fees 430,525 370,700 1,154,075 1,093,684
Clearing fees 661,950 658,926 1,958,447 2,491,865
Net gain/(loss) on firm trading accounts 336,860 1,527 542,318 5,483
Stock locate fees 1,360,178 5,873 3,010,267 14,594
TOTAL REVENUES 4,201,852 2,543,103 13,509,536 8,093,684
EXPENSES        
Compensation, payroll taxes and benefits 2,329,261 1,549,228 8,243,452 4,408,714
Data processing and clearing costs 999,545 435,307 2,551,573 1,676,686
Stock locate expense 256,119 718,056
Regulatory, professional fees and related expenses 1,540,079 844,374 3,299,426 3,041,609
Stock compensation expense 1,154,829 2,483,600
Communications 156,889 209,632 566,011 488,475
Occupancy and equipment 59,822 51,215 142,523 159,647
Transfer fees 41,417 51,264 129,916 142,771
Bank charges 57,916 56,933 175,120 166,259
Bad debt 14,561 976 12,754 7,322
Intangible assets amortization 348,060 348,060 1,059,650 1,010,519
Other 176,213 68,288 392,874 154,107
TOTAL EXPENSES 7,134,711 3,615,277 19,774,955 11,256,109
LOSS FROM OPERATIONS (2,932,859) (1,072,174) (6,265,419) (3,162,425)
OTHER INCOME/(EXPENSE)        
Interest income 432,618 515,849 1,412,334 1,582,922
Change in fair value of warrant liability derivative 250,662 61,531 2,038,793 246,125
Change in fair value of convertible note derivative 382,154 3,990,385
Change in fair value of long-term and short-term note derivative 137,687 103,185 11,585,286
Change in fair value of contingent guarantee (839,775)
Change in fair value of secured convertible note 717,577 (1,078,855)
Change in fair value of merger financing 48,116 63,696 10,670
Change in fair value of earnout liability 172,000 (186,000) 10,680,000 1,068,000
Change in fair value of Winston & Strawn agreement (11,404) 1,799,545 (59,286)
Change in fair value of debenture derivative 236,484 5,482
Change in fair value of stock payable 11,383 232,793
Change in fair value of Tau agreement 53,152 334,549 (707,547)
Loss on settlement on Winston & Strawn agreement (570,300) (570,300)
Interest expense (432,620) (2,765,180) (4,644,746) (6,889,461)
TOTAL OTHER INCOME/(EXPENSE) 806,421 (2,134,866) 10,525,837 10,220,112
NET INCOME/(LOSS) BEFORE INCOME TAXES (2,126,438) (3,207,040) 4,260,418 7,057,687
Income tax (expense) benefit 195,554 304,212 152,575 367,828
NET INCOME/(LOSS) $ (1,930,884) $ (2,902,828) $ 4,412,993 $ 7,425,515
Basic weighted average shares outstanding, Common Stock 148,000,149 2,322,772 116,647,478 975,727
Basic net income (loss) per share, Common Stock $ (0.01) $ (1.25) $ 0.04 $ 7.61
Diluted weighted average shares outstanding, Common Stock 148,000,149 2,322,772 136,346,439 975,727
Diluted net income (loss) per share, Common Stock $ (0.01) $ (1.25) $ 0.05 $ (0.52)