NET PRINCIPAL TRANSACTIONS INCOME

3 Months Ended

Mar. 31, 2022

Revenue:

NET PRINCIPAL TRANSACTIONS INCOME

NOTE 5. NET PRINCIPAL TRANSACTIONS INCOME

The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. The Company’s net income from principal transactions primarily consists of revenues from sales of trading securities less original purchase cost (cost of sales). Net principal transactions income primarily consists of income from trading securities earned upon completion of trade, net of any trading fees. A trading is completed when earned and recognized at a point in time, on a trade-date basis, as the Company executes trades.

Net trading revenue consisted of the following:

January 1, 2022 to March 31, 2022	Total
Revenue from sales of securities	$	6,448,869
Cost of securities		(6,759,920	)
Net loss from principal transactions	$	(311,051	)