Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value

The following tables present the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of the periods presented.

	As of December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets
Securities owned, at fair value
U.S. government securities*	$	2,966,000	$	—	$	—	$	2,966,000
Certificates of deposit		—		91,000		—		91,000
Corporate bonds		—		12,000		—		12,000
Equity securities		489,000		433,000		—		922,000
Total Securities owned, at fair value	$	3,455,000	$	536,000	$	—	$	3,991,000
Liabilities
Securities sold, not yet purchased, at fair value
Equity securities	$	—	$	24,000	$	—	$	24,000
Total Securities sold, not yet purchased, at fair value	$	—	$	24,000	$	—	$	24,000

Siebert 2021 Form-10K 53

	As of December 31, 2020
	Level 1		Level 2		Level 3		Total
Assets
Securities owned, at fair value
U.S. government securities*	$	2,029,000	$	—	$	—	$	2,029,000
Certificates of deposit		—		91,000		—		91,000
Corporate bonds		—		24,000		—		24,000
Equity securities		345,000		134,000		—		479,000
Total Securities owned, at fair value	$	2,374,000	$	249,000	$	—	$	2,623,000
Liabilities
Securities sold, not yet purchased, at fair value
Equity securities	$	—	$	21,000	$	—	$	21,000
Total Securities sold, not yet purchased, at fair value	$	—	$	21,000	$	—	$	21,000

*As of December 31, 2021 and 2020, the U.S. government securities had maturity dates of August 15, 2024 and August 31, 2021, respectively.

Schedule of Changes in Level 3 Equity Assets

The table below summarized the total carrying value of Level 3 equity assets and changes made during the periods presented.

Changes in Level 3 Equity Assets

	Year Ended December 31, 2020
	Amount			Valuation Technique		Reason for Change
Securities owned, at fair value
Balance – January 1, 2020	$	288,000			Liquidation value based on valuation report
Sale of equity security		(288,000	)				Sale of equity security
Balance – December 31, 2020	$	—