Note 2. Liquidity and Capital Resources

The Company monitors its liquidity position on a regular basis The Company continues to incur ongoing administrative and other expenses, including public company expenses, in excess of corresponding (non-financing related) revenue. While the Company continues to implement its business strategy, it intends to fund its activities through managing current cash on hand from the Company’s past equity offerings.

As of March 31, 2026, the Company has approximately $27.5 million of cash and cash equivalents and $6.9 million of marketable securities as well as $11.1 million of securities owned. Additionally, the Company had approximately $21.9 million in receivable from clearing brokers. Additionally, the Company’s working capital balance at March 31, 2026, totaled $21.9 million. Unless otherwise noted, all such funds are available to fund the Company’s operations. Based upon projected cash flow requirements, the Company has adequate cash and cash equivalents and marketable securities, together with the anticipated cash flow to fund its operations for at least the next twelve months from the date of the issuance of these unaudited condensed consolidated financial statements.