v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income (loss) $ 1,962,875 $ 5,750,293
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Change in fair value, warrant liability derivative (1,704,499) (184,594)
Change in fair value, convertible note derivative (382,154) (3,990,385)
Change in fair value, long-term and short-term note derivative (103,185) (12,369,120)
Change in fair value, contingent guarantee 839,775
Change in fair value of debenture derivative (99,693)
Change in fair value of secured convertible note 306,137
Change in fair value, WDCO sellers convertible notes (63,696) (49,348)
Change in fair value, earnout liability (11,106,000) (929,000)
Change in fair value, subscription agreement (1,799,545) 64,298
Change in fair value, stock payable (232,793)
Change in fair value, Tau agreement (334,549) 357,435
Loss on settlement on Winston & Strawn agreement 570,300
Fee on sellers notes 16,340
Interest expense on convertible notes 4,033,880 7,276,092
Transaction costs attributed to Warrant Liability 865,659
Stock based compensation 3,647,695 83,745
Consulting expense paid with stock 601,831
Other non-cash (gain) loss 693,552
Depreciation expense 16,081
Amortization of intangibles 1,411,577 1,362,446
Bad debt expense 54,543 398,826
Amortization of right of use asset 172,747 147,069
Deferred tax liability (302,287) (315,549)
Changes in operating assets and liabilities:    
Receivables from brokers & dealers 321,532 (2,846,319)
Receivables from customers (588,657) 104,143
Receivables from others 4,215 18,981
Advances and Prepaid expenses 565,036 3,222
Cash deposits with clearing organization & other B/Ds (747,500) (750,000)
Other assets (365,833) (255,231)
Payables to customers (380,045) 3,772,375
Payables to officers & directors (151,788) (487,491)
Payable to brokers & dealers (497,620) 492,745
Accounts payable and accrued expenses (2,343,217) 1,862,062
Commissions and payroll taxes payable 528,626 121,828
Lease liability (163,525) (149,501)
Trading deposits (99,995) 50
Net cash provided by (used in) operating activities (6,187,135) 822,027
Cash Flows from Investing Activities:    
Cash paid for purchase of Pacsquare (125,000)
Cash paid for bank acquisition deposit (65,000) (20,000)
Net cash provided by (used in) investing activities (65,000) (145,000)
Cash Flows from Financing Activities:    
Proceeds from stock issuance 1,870,381
Proceeds from Equity SPA 5,850,000
Transaction cost paid for Equity SPA (1,228,500)
Proceeds from Secured Convertible Note 10,000,000
Transaction cost paid for Secured Convertible Note (25,000)
Proceeds from Convertible Notes, net of transaction cost 4,700,000
Payment on Convertible Notes (1,850,000)
Proceeds from debenture, net of transaction cost 490,000
Proceeds from third party advances 200,000
Payment on Winston & Strawn settlement agreement (1,000,000)
Repayment on subordinated debt (20,000)
Repayment of promissory note (651,103) (226,075)
Net cash provided by (used in) financing activities 16,485,397 1,624,306
Net Change in Cash 10,233,262 2,301,333
Cash – Beginning 29,609,219 27,307,886
Cash – Ending 39,842,481 29,609,219
Supplementary cash flow information:    
Cash paid for interest 207,951 191,444
Cash paid for income taxes 107,951 730
Supplemental disclosure of non-cash investing and financing activities:    
Decrease in goodwill due to change in deferred tax liability 1,564,200
Shares issued under Tau agreement 205,238
Value of shares transferred by related parties to settle obligation 2,412,930
Shares issued to related party for settlement of accounts payable 803,860
Shares issued for commercial bank acquisition extension 43,645
Initial value of derivative included in merger financing 113,044
Shares issued for stock payable 27,100
Promissory note issued under insurance premium 408,686 489,381
Prepaid stock based compensation 19,050
Shares issued to purchase Pacsquare 77,300
Receivable from shares advanced under Tau agreement 205,238
Initial value of derivative included in debenture 352,067
Initial value of derivative included in convertible note 382,154
Reversal of excise tax 2,611,618
Convertible Notes transferred to Equity SPA 4,150,000
Initial value of warrant issued as transaction cost under Equity SPA 334,062
Shares issued for Winston & Strawn settlement agreement 260,700
Shares issued for non-cash exercise of Warrant Liability 1,094,669
Right-of-use assets obtained in exchange for new operating lease liabilities 661,805
Convertible Debt [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Shares issued for conversion of principal and interest on promissory note 959,764 4,575,000
Secured Debt    
Supplemental disclosure of non-cash investing and financing activities:    
Shares issued for conversion of principal and interest on promissory note 9,591,650 509,549
Short Term Merger Financing [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Shares issued for conversion of principal and interest on promissory note 5,366,979
Long Term Notes [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Shares issued for conversion of principal and interest on promissory note 2,680,437 9,629,071
Promissory Notes [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Shares issued for conversion of principal and interest on promissory note $ 763,384