NOTE 6 – RECEIVABLES & PAYABLES WITH BROKER DEALERS AND CLEARING ORGANIZATION

Amounts receivable and payable with broker dealers and the clearing organization include:

 SCHEDULE OF AMOUNTS RECEIVABLE AND PAYABLE WITH BROKER DEALERS AND THE CLEARING ORGANIZATION

No losses were recognized on the receivables from broker dealers or clearing organizations during the years ended June 30, 2026 and 2025.

Accounts receivable from and payable to customers at June 30, 2026 and 2025, include cash and margin accounts. Securities owned by customers are held as collateral for any unpaid amounts. Such collateral is not reflected in the financial statements. The Company provides an allowance for credit losses, as needed, for accounts in which collection is uncertain. Management periodically evaluates each account on a case-by-case basis to determine impairment. Accounts that are deemed uncollectible are written off to bad debt expense. Bad debt expense net of bad debt recoveries and trading error adjustments for the year ended June 30, 2026 and 2025 was $54,543 and $398,826, respectively.