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CONSOLIDATED STATEMENTS OF CASH FLOWS (FY) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net loss $ (1,906,592) $ (20,292,903)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 11,382 9,614
Deferred income tax, net 270,079 165,604
Other non-cash amounts included in net loss (see Non-cash financing activity) 0 (4,728,622)
(Increase)/decrease in operating assets:    
Securities owned, net 0 23,783,998
Receivables from brokers and clearing organizations (614,010) 166,554
Receivables from affiliates (11,426) (5,561)
Income taxes receivable (101,876) (2,500)
Other assets (50,714) 137,955
Increase/(decrease) in operating liabilities:    
Payable to affiliates 766,843 (542,285)
Income taxes payable 53,572 0
Compensation payable (729,863) 1,086,022
Accrued expenses and other liabilities (56,892) (24,497)
Total adjustments (462,905) 20,046,282
Net cash used in operating activities (2,369,497) (246,621)
Investing activities    
Purchases of fixed assets 0 (60,255)
Net cash used in investing activities 0 (60,255)
Financing activities    
Capital contribution 410,889 0
Return of capital (3,300,000) 0
Issuance of common stock 515,000 180,000
Cash used in / provided by financing activities (2,374,111) 180,000
Net increase/(decrease) in cash and cash equivalents and restricted cash (4,743,608) (126,876)
Cash, cash equivalents and restricted cash at beginning of period 11,530,705 11,657,581
Cash, cash equivalents and restricted cash at end of period 6,787,097 11,530,705
Supplemental disclosures of cash flow information:    
Cash (paid)/received for Income taxes 0 (4,000)
Cash received from Associated Capital Group, Inc. for Income taxes 723,019 1,257,279
Reconciliation to cash, cash equivalents and restricted cash    
Cash and cash equivalents 6,587,097 11,330,705
Restricted cash: deposits from clearing organizations 200,000 200,000
Cash, cash equivalents and restricted cash at end of period $ 6,787,097 $ 11,530,705