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CONSOLIDATED STATEMENTS OF OPERATIONS (FY) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues    
Commissions $ 6,376,075 $ 6,154,567
Fees earned from affiliated entities pursuant to research services agreements 1,502,500 2,030,000
Principal transactions (9,416) (22,302,729)
Dividends and interest 194,955 1,893,237
Underwriting fees 431,114 102,931
Sales manager fees 733,422 15,616
Other revenues 16,833 23,406
Total revenues 9,245,483 (12,082,972)
Expenses    
Compensation and related costs 8,373,668 10,864,185
Clearing charges 1,299,313 1,312,578
General and administrative 1,223,023 1,330,831
Occupancy and equipment 756,974 805,266
Total expenses 11,652,978 14,312,860
Loss before income tax benefit (2,407,495) (26,395,832)
Income tax benefit (500,903) (6,102,929)
Net loss $ (1,906,592) $ (20,292,903)
Net loss per share    
Basic (in dollars per share) $ (3.42) $ (37.21)
Diluted (in dollars per share) $ (3.42) $ (37.21)
Weighted average shares outstanding:    
Basic (in shares) 557,338 545,426
Diluted (in shares) 557,338 545,426
Actual shares outstanding (in shares) 600,090 548,590