Some of the items not allocated include: (1) operating expenses (such as cash compensation and benefits, equity-based compensation expense, professional fees, travel and entertainment, consulting fees, and rent) related to support departments excluding certain departments that directly support the Capital Markets business segment; (2) interest expense on debt; and (3) income taxes.

filing / Aug 3, 2026 / receipt

We try to address these challenges by (i) focusing our business on clients and asset classes that are underserved by the large firms, (ii) continuing to monitor our fixed costs to enhance operating leverage and limit our losses during periods of low volumes, and (iii) attempting to hire and retain entrepreneurial and effective traders, investment bankers, and salespeople.

filing / Aug 3, 2026 / receipt

The Company leases office space and certain computers and related equipment. From time to time, the Company subleases office space to other tenants.

filing / Aug 3, 2026 / receipt

From time to time, the Company subleases office space to other tenants. Under the requirements of ASC 842, the Company determines if an arrangement is a lease at the inception date of the contract.

filing / Aug 3, 2026 / receipt

Some of the items not allocated include: (1) operating expenses (such as cash compensation and benefits, equity-based compensation expense, professional fees, travel and entertainment, consulting fees, and rent) related to support departments excluding certain departments that directly support the Capital Markets business segment; (2) interest expense on debt; and (3) income taxes.

filing / May 4, 2026 / receipt

We try to address these challenges by (i) focusing our business on clients and asset classes that are underserved by the large firms, (ii) continuing to monitor our fixed costs to enhance operating leverage and limit our losses during periods of low volumes, and (iii) attempting to hire and retain entrepreneurial and effective traders, investment bankers, and salespeople.

filing / May 4, 2026 / receipt

The Company leases office space and certain computers and related equipment. From time to time, the Company subleases office space to other tenants.

filing / May 4, 2026 / receipt

From time to time, the Company subleases office space to other tenants. Under the requirements of ASC 842, the Company determines if an arrangement is a lease at the inception date of the contract.

filing / May 4, 2026 / receipt