FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

12 Months Ended

Dec. 31, 2016

FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Furniture, equipment and leasehold improvements consist of the following:

	December 31,
	2016			2015
Equipment	$	28,000		$	375,000
Leasehold improvements		318,000			549,000
Furniture and fixtures					44,000
		346,000			968,000
Less accumulated depreciation and amortization		(300,000	)		(594,000	)
	$	46,000		$	374,000

Depreciation and amortization expense for the years ended December 31, 2016, 2015 and 2014 amounted to $277,000, $276,000 and $257,000, respectively.

Siebert, Brandford, Shank Financial LLC and Subsidiary

FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Furniture, equipment, and leasehold improvements consist of the following:

	12/31/2014
Equipment	$	926,654
Furniture and leasehold improvements		1,718,826
		2,645,480
Less accumulated depreciation and amortization		1,960,744
	$	684,736

Depreciation and amortization expense for the period ended November 9, 2015 amounted to $160,046, For the period ended December 31, 2014 the expense amounted to $226,761.