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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Commissions $ 1,038,943 $ 1,535,245
Fees earned from affiliated entities pursuant to research services agreements 0 377,500
Principal transactions (903) (80)
Dividends and interest 36,256 63,693
Underwriting fees 30,488 0
Sales manager fees 334,825 0
Other revenues 3,107 5,909
Total revenues 1,442,716 1,982,267
Expenses    
Compensation and related costs 1,143,433 2,478,892
Clearing charges 302,838 290,381
General and administrative 311,109 324,842
Occupancy and equipment 104,441 195,842
Total expenses 1,861,821 3,289,957
Loss before income tax benefit (419,105) (1,307,690)
Income tax benefit (136,651) (267,048)
Net loss $ (282,454) $ (1,040,642)
Net loss per share    
Basic and diluted (in dollars per share) $ 0 $ (0.02)
Weighted average shares outstanding:    
Basic and diluted (in shares) 60,009,005 54,859,055