v3.26.3
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
REVENUES    
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 REVENUES 20,052,635 10,856,612
EXPENSES    
Compensation, payroll taxes and benefits 11,730,081 6,150,257
Data processing and clearing costs 5,668,429 2,104,107
Regulatory, professional fees and related expenses 4,858,675 4,137,631
Stock compensation 3,647,695
Communications 867,518 650,560
Occupancy and equipment 235,040 211,347
Transfer fees 158,766 210,423
Bank charges 235,437 223,938
Bad debt 54,543 398,826
Intangible assets amortization 1,411,577 1,362,446
Other 955,190 324,358
TOTAL EXPENSES 29,822,951 15,773,893
LOSS FROM OPERATIONS (9,770,316) (4,917,281)
OTHER INCOME/(EXPENSE)    
Interest income 1,848,873 1,996,399
Change in fair value of warrant liability derivative 1,704,499 184,594
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 103,185 12,369,120
Change in fair value of contingent guarantee (839,775)
Change in fair value of secured convertible note (306,137)
Change in fair value of merger financing 63,696 49,348
Change in fair value of earnout liability 11,106,000 929,000
Change in fair value of Winston & Strawn agreement 1,799,545 (64,298)
Change in fair value of debenture derivative 99,693
Change in fair value of stock payable 232,793
Change in fair value of Tau agreement 334,549 (357,435)
Loss on settlement on Winston & Strawn agreement (570,300)
Interest expense (5,084,671) (8,081,938)
TOTAL OTHER INCOME 11,481,086 10,408,193
NET INCOME BEFORE INCOME TAXES 1,710,770 5,490,912
Income tax benefit 252,105 259,381
NET INCOME $ 1,962,875 $ 5,750,293
Basic weighted average shares outstanding, Common stock 125,017,197 5,987,645
Diluted weighted average shares outstanding, Common stock 125,017,197 5,987,645
Basic net income per share, Common Stock $ 0.02 $ 0.96
Diluted net income per share, Common Stock $ 0.02 $ 0.96