As Previously
Reported (A)

As
Restated (B)

Difference
(B) - (A)

CONSOLIDATED BALANCE SHEETS

As of March 31, 2025

Assets:

Cash and cash equivalents

$

26,996,932

$

2,425,391

(24,571,541

)

Restricted cash (client funds, segregated)

-

17,453,282

Subscription receivable (asset)

8,200,000

-

(8,200,000

)

Right of use (lease)

668,215

938,131

269,916

Liabilities:

Customer funds / Client funds payable

24,527,483

17,453,282

(7,074,201

)

Operating lease liability, current

363,370

186,157

(177,213

)

Operating lease liability, non-current

304,845

482,056

177,211

Stockholders’ Equity:

Common stock, par value

42,258

42,308

50

Additional paid-in capital

17,938,279

14,262,445

(3,675,834

)

Subscription receivable (contra-equity)

-

(8,000,000

)

(8,000,000

)

Additional paid-in capital, Series B Preferred stock

-

3,344,063

Accumulated other comprehensive income (loss)

140,137

120,626

(19,511

)

Accumulated deficit

(2,480,382

)

(2,103,290

)

377,092

Noncontrolling interest

14,199

-

CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended March 31, 2025

Technology & software

813,747

-

Wealth management

1,534,852

-

Investment and Brokerage

3,628,349

-

Total revenue

5,976,948

-

Technology & software

184,284

-

(184,284

)

Wealth management

1,349,827

-

Investment and Brokerage

1,583,278

1,767,562

184,284

Total cost of sales

3,117,389

-

Gross Profit

2,859,559

-

General and administrative

2,140,270

2,136,678

(3,592

)

Sales and marketing

276,204

-

Depreciation

38,832

-

Total operating expenses

2,455,306

2,451,714

(3,592

)

Operating income (loss)

404,253

407,845

3,592

Other income (expense):

Other interest expense

4,483

-

Other income (expense)

(304,188

)

(98,206

)

205,982

Total other income (expense)

(299,705

)

(93,723

)

205,982

Income (loss) before provision for income taxes

104,548

314,122

209,574

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

Three months ended March 31, 2025

Change in APIC due to common control

882,771

676,789

(205,982

)

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three months ended March 31, 2025

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation

$

38,832

-

Fixed assets, net

$

25,425

-

Net cash provided by (used in) operating activities

179,534

385,516

205,982

Investing Activities:

Capitalized software

(54,234

)

(54,234

)

-

Changes in paid-in capital

882,771

676,789

(205,982

)

Net cash used in investing activities

$

828,537

622,555

(205,982

)

Financing Activities:

Borrowing from (payments to) line of credit

110,463

-

Net proceeds from cares act - paycheck protection program.

(3,272

)

(3,272

)

-

Net proceeds from SBA loan

(2,127

)

(2,127

)

-

Related party advances

932,932

(6,780,895

)

(7,713,827

)

Series A Preferred cancelation

-

Change in noncontrolling interest

(23,931

)

(21,310

)

2,621

Net cash provided by (used in) financing activities

1,014,065

(6,699,762

)

(7,713,827

)

Effect of exchange rates

193,407

-