v3.25.3
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Jun. 30, 2024
ASSETS    
Cash and cash equivalents $ 7,533,690 $ 6,558,176
Cash segregated - customers 21,874,954 20,548,972
Cash segregated - PAB 200,575 200,738
Receivables - broker-dealers and clearing organizations 4,179,625 1,333,306
Receivables - customers, net of allowance for credit losses of $401,128 320,815 823,784
Other receivables 251,099 64,842
Prepaids 573,175 67,967
Trading securities, market value, net 5 55
Total Current Assets 34,933,938 29,597,840
Operating lease right to use lease asset 179,267 326,336
Property and equipment, net   16,080
Customer list, net   14,150,856
Goodwill 6,142,525 7,706,725
Pacsquare asset purchase   1,726,500
Bank acquisition deposit 63,645 91,200
Cash deposits - broker-dealers and clearing organizations 4,265,000 3,515,000
Other assets 591,248 336,017
TOTAL ASSETS 60,892,833 57,466,554
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Payables to customers 23,935,348 20,162,973
Accounts and payables to officers/directors 199,088 686,579
Accounts payable and accrued expenses 6,194,311 5,393,912
Payables - broker-dealers and clearing organizations 497,660 4,915
Commissions, payroll and payroll taxes 395,214 273,386
Current portion of lease liability 111,983 149,499
Secured convertible note, net   6,857,101
Promissory notes 1,207,797 852,968
Short-term merger financing, net   5,092,083
Current portion of long-term merger financing, net 980,106  
Convertible notes, net   3,783,437
Merger financing payable 1,618,575  
Tau agreement 539,787  
Contingent guarantee   3,256,863
Subscription agreement 2,489,945 2,425,647
Excise tax payable 2,611,618 2,067,572
Total Current Liabilities 41,003,400 51,321,915
Accrued contingent liability 100,000 100,000
Long-term secured convertible note, net 8,909,070  
Long-term merger financing, net   7,606,561
Long-term convertible notes, net 718,866  
Derivative liability - convertible notes   16,462,690
Derivative liability - warrants 123,062 307,656
Earnout - liability 11,369,000 12,298,000
Deferred income tax liability 3,366,137 5,245,886
Subordinated borrowings 1,930,000 1,950,000
Trading account deposit 100,000 100,000
Long-term lease liability 70,746 182,729
TOTAL LIABILITIES 67,690,281 95,575,437
Commitments and Contingencies (Note 9)
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; none issued or outstanding
Common stock, $0.0001 par value; 500,000,000 shares authorized; 40,165,603 and 207,585 shares issued and outstanding at June 30, 2025 and 2024, respectively 4,016 21
Stock subscription receivable (41,089)  
Additional paid-in-capital 135,763,445 110,165,209
Accumulated Deficit (142,523,820) (148,274,113)
TOTAL STOCKHOLDERS' DEFICIT (6,797,448) (38,108,883)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 60,892,833 57,466,554
Customer list    
ASSETS    
Intangible assets, net 12,932,106 14,150,856
Developed technology    
ASSETS    
Intangible assets, net 1,785,104 1,726,500
Merger financing    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Derivative liability 63,696  
Convertible notes    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Derivative liability 103,185  
Derivative liability - convertible notes   16,462,690
Nonrelated Party    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Stock payable   259,893
Related Party    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Stock payable $ 55,087 $ 55,087