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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues    
Commissions $ 3,950,998 $ 6,376,075
Fees earned from affiliated entities pursuant to research services agreements 0 1,502,500
Principal transactions (2,082) (9,416)
Dividends and interest 64,504 194,955
Underwriting fees 70,488 431,114
Sales manager fees 334,825 733,422
Other revenues 17,196 16,833
Total revenues 4,435,929 9,245,483
Expenses    
Compensation and related costs 3,445,893 8,373,668
Clearing charges 1,107,497 1,299,313
General and administrative 1,054,798 1,223,023
Occupancy and equipment 461,220 756,974
Total expenses 6,069,408 11,652,978
Loss before income tax benefit (1,633,479) (2,407,495)
Income tax benefit (203,443) (500,903)
Net loss $ (1,430,036) $ (1,906,592)
Net loss per share    
Basic (in dollars per share) $ (2.38) $ (3.42)
Diluted (in dollars per share) $ (2.38) $ (3.42)
Weighted average shares outstanding:    
Basic (in shares) 600,090 557,338
Diluted (in shares) 600,090 557,338
Actual shares outstanding (in shares) 600,090 600,090