v3.26.3
SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 16. SEGMENT REPORTING

 

The Company operates as one reportable segment in accordance with ASC 280, Segment Reporting. The single reportable segment reflects the Company’s core business operations of securities broker and dealer, dealing in over-the-counter and listed securities.

 

The Chief Operating Decision Maker (CODM), identified as the Executive Chairman, who reviews financial performance and allocates resources on a consolidated basis. The Company’s internal reporting is prepared and reviewed as a single operating unit, without disaggregated information by product line, region, or customer type. Accordingly, the Company has determined that it operates in a single reportable segment.

 

The following table presents revenue and operating income (loss) for the periods presented:

SCHEDULE OF REVENUE AND OPERATING INCOME LOSS

   Year Ended   Year Ended 
   June 30, 2026   June 30, 2025 
Commissions  $9,253,906   $5,937,532 
Vetting fees   1,391,135    1,459,321 
Clearing fees   2,055,780    3,165,714 
Stock locate fees   6,780,814    287,465 
Net gain/(loss) on firm trading accounts   506,141    6,580 
Other revenue   64,859    — 
Total revenue  $20,052,635   $10,856,612 
Loss from operations  $(9,770,316)  $(4,917,281)
Total assets  $71,228,683   $60,892,833 

 

Corporate general and administrative expenses are not allocated to any specific operating component and are included within total operating income.

 

Segment Assets

 

The Company does not report separate asset information by segment to the CODM. However, in accordance with ASC 280-10-50-30, the Company has elected to disclose total segment assets, which are equal to consolidated total assets. The table above summarizes total assets.