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SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2025
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 18. SEGMENT REPORTING

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The Company operates as one reportable segment in accordance with ASC 280, Segment Reporting. The single reportable segment reflects the Company’s core business operations of securities broker and dealer, dealing in over-the-counter and listed securities.

The Chief Operating Decision Maker (CODM), identified as the Chief Executive Officer, who reviews financial performance and allocates resources on a consolidated basis. The Company’s internal reporting is prepared and reviewed as a single operating unit, without disaggregated information by product line, region, or customer type. Accordingly, the Company has determined that it operates in a single reportable segment.

The following table presents revenue and operating income (loss) for the periods presented:

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For the Transition 

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Year Ended 

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Period Ended 

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June 30, 2025

    

June 30, 2024

Commissions

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$

5,937,532

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$

2,679,673

Vetting fees

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1,459,321

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499,125

Clearing fees

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3,165,714

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756,393

Net gain/(loss) on firm trading accounts

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6,580

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10,046

Other revenue

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287,465

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56,246

Total revenue

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$

10,856,612

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$

4,001,483

Loss from operations

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$

(4,917,281)

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$

(14,268,826)

Total assets

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$

60,892,833

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$

57,466,554

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Corporate general and administrative expenses are not allocated to any specific operating component and are included within total operating income.

Segment Assets

The Company does not report separate asset information by segment to the CODM. However, in accordance with ASC 280-10-50-30, the Company has elected to disclose total segment assets, which are equal to consolidated total assets. The table above summarizes total assets.