3. Segment Reporting (Tables)

3 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Reporting

CONSOLIDATING STATEMENTS OF OPERATIONS

FOR THREE MONTHS ENDED DECEMBER 31, 2019

	FGC			FGT (discontinued)			MPath			Sofos			TMN			TOTAL
Income
Service Income*	$	153,002		$	69,721		$	–		$	16,305		$	194,626		$	433,654
Investment Management Fees		75			–			–			408,020			–			408,096
Total Income		153,077			69,721			–			424,326			194,626			841,750
Gross Profit		153,077			69,721			–			424,326			194,626			841,750
Expense
Compensation Expense		365,978			(78	)		–			148,558			64,354			578,812
Cost of services		–			4,410			–			–			7,602			12,012
Depreciation Amortization		11,672			–			–			–			14,350			26,022
General and Administrative		79,462			1,620			50			1,211			16,488			98,831
Marketing		14,964			2,411			–			20			3,717			21,113
Professional Services		120,902			–			–			(9,116	)		3,547			115,333
Total Expense		592,978			8,363			50			140,673			110,058			852,123
Net Operating Income		(439,901	)		61,358			(50	)		283,652			84,568			(10,373	)
Interest Expense		1,724			–			–			–			(55	)		1,669
Net Other Income		(1,724	)		–			–			–			55			(1,669	)
Net Income/(Loss)	$	(441,624	)	$	61,358		$	(50	)	$	283,652		$	84,623		$	(12,042	)

* Includes non-recurring revenue of $150,000 from the sale of the tax unit 

CONSOLIDATING STATEMENTS OF OPERATIONS

FOR THREE MONTHS ENDED DECEMBER 31, 2020

	Eliminations			FGC			Forta			MPath		Sofos		TMN		TOTAL
Income
Broker Dealer	$	–		$	–		$	268,098		$	–	$	–	$	–	$	268,098
Service Income		–			–			46,454			172,602		–		381,495		600,550
Investment Management Fees		–			–			430,556			–		408,473		–		839,029
Income from Inv in Subsidiaries		(60,096	)		60,096			–			–		–		–		–
Total Income		(60,096	)		60,096			745,108			172,602		408,473		381,495		1,707,677
Gross Profit		(60,096	)		60,096			745,108			172,602		408,473		381,495		1,707,677
Expense
Compensation Expense		–			420,274			623,997			50,450		120,311		119,750		1,334,782
Cost of services		–			–			14,150			–		11,074		10,324		35,547
Depreciation & Amortization		–			35,258			72			–		–		–		35,330
General and Administrative		–			44,612			234,683			3,628		3,556		50,287		336,766
Marketing		–			6,856			10,609			–		–		3,080		20,546
Professional Services		–			58,299			47,493			–		–		26,939		132,730
Total Expense		–			565,300			931,004			54,079		134,940		210,380		1,895,701
Net Operating Income		(60,096	)		(505,204	)		(185,896	)		118,523		273,533		171,114		(188,024	)
Other Income/Expense		–			–			–			–		–		–		–
Total Other Expense		–			1,113			5,223			–		–		–		6,336
Net Other Income		–			(243,956	)		237,620			–		–		–		(6,336	)
Net Income/(Loss)	$	(60,096		$	(749,160	)	$	51,669		$	118,523	$	273,533	$	171,114	$	(194,360	)