Capital Financial Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
For the year, revenues were $18,281,850, compared to revenues of $17,990,474 for the year ended December 31, 2011. The net loss was $135,622, or $0.01 per diluted share, compared to a net income of $57,652, or $0.00 per diluted share, for the year ended December 31, 2011. The increase in revenues for the year ended resulted from an increase in the commission income received by the company's broker-dealer division. The decrease in earnings year ended was due primarily to a goodwill impairment recorded in the first quarter of 2012.