Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment and Geographic Information [Abstract]

Schedule Of Segment Reporting Information

SEGMENT INFORMATION
Statement of Operations Information
For the Year Ended December 31, 2015
(Dollars in Thousands)
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Net trading	$	31,026	$	-	$	-	$	31,026	$	-	$	31,026
Asset management		-		9,682		-		9,682		-		9,682
New issue and advisory		5,370		-		-		5,370		-		5,370
Principal transactions and other income		(1,759)		3,568		(1,731)		78		-		78
Total revenues		34,637		13,250		(1,731)		46,156		-		46,156
Total operating expenses		32,276		4,523		503		37,302		10,515		47,817
Operating income / (loss)		2,361		8,727		(2,234)		8,854		(10,515)		(1,661)
Income / (loss) from equity method affiliates		-		-		-		-		-		-
Other non-operating income / (expense)		(29)		-		-		(29)		(3,893)		(3,922)
Income / (loss) before income taxes		2,332		8,727		(2,234)		8,825		(14,408)		(5,583)
Income tax expense / (benefit)		-		-		-		-		85		85
Net income / (loss)		2,332		8,727		(2,234)		8,825		(14,493)		(5,668)
Less: Net income / (loss) attributable to the
non-controlling interest		-		-		-		-		(1,589)		(1,589)
Net income / (loss) attributable to IFMI	$	2,332	$	8,727	$	(2,234)	$	8,825	$	(12,904)	$	(4,079)
Other statement of operations data
Depreciation and amortization (included in
total operating expense)	$	468	$	33	$	-	$	501	$	232	$	733

SEGMENT INFORMATION
Statement of Operations Information
For the Year Ended December 31, 2014
(Dollars in Thousands)
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Net trading	$	28,056	$	-	$	-	$	28,056	$	-	$	28,056
Asset management		-		14,496		-		14,496		-		14,496
New issue and advisory		5,219		-		-		5,219		-		5,219
Principal transactions and other income		397		5,362		2,220		7,979		-		7,979
Total revenues		33,672		19,858		2,220		55,750		-		55,750
Total operating expenses		32,831		10,500		370		43,701		11,761		55,462
Operating income / (loss)		841		9,358		1,850		12,049		(11,761)		288
Income / (loss) from equity method affiliates		-		27		-		27		-		27
Other non-operating income / (expense)		-		-		-		-		(4,401)		(4,401)
Income / (loss) before income taxes		841		9,385		1,850		12,076		(16,162)		(4,086)
Income tax expense / (benefit)		-		-		-		-		(414)		(414)
Net income / (loss)		841		9,385		1,850		12,076		(15,748)		(3,672)
Less: Net income / (loss) attributable to the
non-controlling interest		-		-		-		-		(1,087)		(1,087)
Net income / (loss) attributable to IFMI	$	841	$	9,385	$	1,850	$	12,076	$	(14,661)	$	(2,585)
Other statement of operations data
Depreciation and amortization (included in
total operating expense)	$	756	$	57	$	-	$	813	$	290	$	1,103

SEGMENT INFORMATION
Statement of Operations Information
For the Year Ended December 31, 2013
(Dollars in Thousands)
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Net trading	$	38,528	$	-	$	-	$	38,528	$	-	$	38,528
Asset management		-		19,239		-		19,239		-		19,239
New issue and advisory		6,418		-		-		6,418		-		6,418
Principal transactions and other income		542		2,276		(9,486)		(6,668)		-		(6,668)
Total revenues		45,488		21,515		(9,486)		57,517		-		57,517
Total operating expenses		53,518		11,523		319		65,360		13,261		78,621
Operating income / (loss)		(8,030)		9,992		(9,805)		(7,843)		(13,261)		(21,104)
Income / (loss) from equity method affiliates		-		546		1,282		1,828		-		1,828
Other non-operating income / (expense)		(164)		(9)		-		(173)		(4,035)		(4,208)
Income / (loss) before income taxes		(8,194)		10,529		(8,523)		(6,188)		(17,296)		(23,484)
Income tax expense / (benefit)		14		-		-		14		(3,579)		(3,565)
Net income / (loss)		(8,208)		10,529		(8,523)		(6,202)		(13,717)		(19,919)
Less: Net income / (loss) attributable to the
non-controlling interest		(9)		-		-		(9)		(6,592)		(6,601)
Net income / (loss) attributable to IFMI	$	(8,199)	$	10,529	$	(8,523)	$	(6,193)	$	(7,125)	$	(13,318)
Other statement of operations data
Depreciation and amortization (included in
total operating expense)	$	795	$	317	$	-	$	1,112	$	293	$	1,405

(1)Unallocated includes certain expenses incurred by indirect overhead and support departments (such as the executive, finance, legal, information technology, human resources, risk, compliance, and other similar overhead and support departments). 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. Management does not consider these items necessary for an understanding of the operating results of these business segments and such amounts are excluded in business segment reporting to the chief operating decision maker.

Reconciliation Of Assets From Segment To Consolidated

Balance Sheet Data
As of December 31, 2015
(Dollars in Thousands)
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Total Assets	$	281,813	$	3,245	$	15,039	$	300,097	$	8,728	$	308,825
Included within total assets:
Investment in equity method affiliates	$	-	$	-	$	-	$	-	$	-	$	-
Goodwill (2)	$	7,937	$	55	$	-	$	7,992	$	-	$	7,992
Intangible assets (2)	$	166	$	-	$	-	$	166	$	-	$	166

Balance Sheet Data
As of December 31, 2014
(Dollars in Thousands)
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Total Assets	$	295,311	$	5,548	$	28,649	$	329,508	$	13,010	$	342,518
Included within total assets:
Investment in equity method affiliates	$	-	$	-	$	-	$	-	$	-	$	-
Goodwill (2)	$	7,937	$	55	$	-	$	7,992	$	-	$	7,992
Intangible assets (2)	$	166	$	-	$	-	$	166	$	-	$	166

(1)Unallocated assets primarily include (1) amounts due from related parties; (2) furniture and equipment, net; and (3) other assets that are not considered necessary for an understanding of business segment assets and such amounts are excluded in business segment reporting to the chief operating decision maker.

(2)Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table from above.

Revenue By Geographic Area

GEOGRAPHIC DATA
(Dollars in Thousands)
	For the year ended December 31,
	2015		2014		2013
Total Revenues:
United States	$	39,524	$	44,991	$	44,043
United Kingdom & Other		6,632		10,636		11,178
Asia		-		123		2,296
Total	$	46,156	$	55,750	$	57,517