SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT, USEFUL LIFE

Furniture and fixtures (in years)	5
Equipment (in years)	7

SCHEDULE OF INTANGIBLE ASSETS,NET OF AMORTIZATION AND EXCLUDING GOODWILL

	June 30, 2023		December 31, 2022
CrossingBridge	$	2,278,558	$	-
Willow Oak		513,123		534,195
Internet		669,373		689,731
Intangible assets, net	$	3,461,054	$	1,223,926

SUMMARY OF AWARDS GRANTED AND NUMBER OF OUTSTANDING AWARDS

				Income Statement Impact for the
Award Type	Number of Awards Outstanding		Vesting Schedule	Three Months Ended June 30, 2023		Six Months Ended June 30, 2023
Restricted stock units		99,766	25% on the second anniversary of January 1, 2023, and thereafter in three equal installments on the subsequent three anniversaries of the initial vesting date, with 100% of the restricted stock vested on the fifth anniversary of the initial vesting, subject to the recipient’s continuous employment.	$	21,699	$	28,932
Restricted stock units		15,750	Fully vested on the date of grant.		-		68,513
Restricted stock		82,761	25% on the second anniversary of January 1, 2023, and thereafter in three equal installments on the subsequent three anniversaries of the initial vesting date, with 100% of the restricted stock vested on the fifth anniversary of the initial vesting, subject to the recipient’s continuous employment.		18,001		24,001
Total outstanding awards		198,277		$	39,700	$	121,446

SCHEDULE OF REVENUES

	Three-Month Period Ended June 30,				Six-Month Period Ended June 30,
CrossingBridge Operations Revenue	2023		2022		2023		2022
Advised fund fee revenue	$	1,376,227	$	1,159,926	$	2,401,691	$	2,159,184
Sub-advised fund fee revenue		536,504		602,431		1,084,430		1,310,297
Service fee revenue		129,747		-		283,611		-
Total fee revenue	$	2,042,478	$	1,762,357	$	3,769,732	$	3,469,481

 

	Three-Month Period Ended June 30,				Six-Month Period Ended June 30,
Willow Oak Operations Revenue	2023		2022		2023		2022
Management fee revenue	$	15,535	$	-	$	30,703	$	-
Fund management services revenue		56,705		-		66,050		-
Total revenue	$	72,240	$	-	$	96,753	$	-