Revenue from Contracts with Customers (Q1) (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2020

Dec. 31, 2019

Revenue from Contracts with Customers [Abstract]

Total Revenues by Type

Total revenues from contracts with customers by type were as follows for the three months ended March 31, 2020 and 2019:

	Three months ended March 31,
	2020		2019
Commissions	$	936,784	$	1,426,235
Hard dollar payments		102,159		109,010
		1,038,943		1,535,245
Research services		-		377,500
Underwriting fees		30,488		-
Sales manager fees		334,825		-
	$	1,404,256	$	1,912,745

Total revenues from contracts with customers by type were as follows for the years ended December 31, 2019 and 2018:

	2019		2018
Commissions	$	5,903,200	$	5,349,348
Hard dollar payments		472,875		805,219
		6,376,075		6,154,567
Research services		1,502,500		2,030,000
Underwriting fees		431,114		102,931
Sales manager fees		733,422		15,616
	$	9,043,111	$	8,303,114