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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
WILSON-DAVIS & CO., INC    
REVENUES    
Commissions $ 2,282,098 $ 3,759,392
Vetting fees 569,960 321,356
Clearing fees 244,192 135,053
Fees charged to customers 326,170  
Net gain/(loss) on firm trading accounts 19,195 (15,066)
Other 9,235 54,280
TOTAL REVENUES 3,450,850 4,255,015
EXPENSES    
Compensation, payroll taxes and benefits 2,172,873 2,908,599
Data processing and clearing costs 1,065,580 928,599
Regulatory, professional fees and related expenses 701,425 540,561
Communications 289,539 305,631
Occupancy and equipment 110,389 127,969
Transfer fee 77,918 30,171
Bank charges 104,436 25,958
Other 337,768 57,835
TOTAL EXPENSES 4,859,928 4,925,323
LOSS FROM OPERATIONS (1,409,078) (670,308)
OTHER INCOME/(EXPENSE)    
Interest income 1,092,582 461,685
Interest expense (56,012) (28,905)
TOTAL OTHER INCOME/(EXPENSE) 1,036,570 432,780
NET INCOME/(LOSS) BEFORE INCOME TAXES (372,508) (237,528)
Provision for income taxes 96,000 62,000
NET INCOME/(LOSS) $ (276,508) $ (175,528)