XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Commissions $ 566,436 $ 1,100,225 $ 1,222,044 $ 2,139,168
Principal transactions (1,899) (2,060) (5,155) (2,963)
Dividends and interest 3,377 11,833 12,363 48,089
Underwriting fees 0 0 6,311 30,488
Sales manager fees 0 0 0 334,825
Other revenues 16,551 151 27,004 3,258
Total revenues 584,465 1,110,149 1,262,567 2,552,865
Expenses        
Compensation and related costs 626,559 836,541 1,314,714 1,979,974
Clearing charges 164,479 315,191 349,505 618,029
General and administrative 429,663 346,964 718,415 658,073
Occupancy and equipment 84,659 52,800 163,223 157,241
Total expenses 1,305,360 1,551,496 2,545,857 3,413,317
Loss before income tax benefit (720,895) (441,347) (1,283,290) (860,452)
Income tax benefit 0 (130,949) 0 (267,600)
Net loss $ (720,895) $ (310,398) $ (1,283,290) $ (592,852)
Net loss per share        
Basic (in dollars per share) $ (1.20) $ (0.52) $ (2.14) $ (0.99)
Diluted (in dollars per share) $ (1.20) $ (0.52) $ (2.14) $ (0.99)
Weighted average shares outstanding:        
Basic (in shares) 600,090 600,090 600,090 600,090
Diluted (in shares) 600,090 600,090 600,090 600,090