XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Commissions $ 492,191 $ 1,066,229 $ 1,714,235 $ 3,205,398
Principal transactions (20,667) (2,961) (25,822) (5,924)
Dividends and interest 3,562 6,719 15,925 54,808
Underwriting fees 0 0 6,311 30,488
Sales manager fees 0 0 0 334,825
Other revenues (2,129) 11,984 24,875 15,242
Total revenues 472,957 1,081,971 1,735,524 3,634,837
Expenses        
Compensation and related costs 276,730 749,778 1,591,444 2,729,752
Clearing charges 206,577 276,346 556,082 894,375
General and administrative 274,262 264,090 992,676 922,166
Occupancy and equipment 62,658 116,941 225,882 274,182
Total expenses 820,227 1,407,155 3,366,084 4,820,475
Loss before income tax benefit (347,270) (325,184) (1,630,560) (1,185,638)
Income tax benefit 0 (61,004) 0 (328,606)
Net loss $ (347,270) $ (264,180) $ (1,630,560) $ (857,032)
Net loss per share        
Basic (in dollars per share) $ (0.58) $ (0.44) $ (2.72) $ (1.43)
Diluted (in dollars per share) $ (0.58) $ (0.44) $ (2.72) $ (1.43)
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