CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 2,730,000	$ 9,420,000
Receivable from brokers	606,000	626,000
Receivable from business sold to former affiliate net of unamortized discount of $908,000	0	2,092,000
Other receivable from former affiliate, including accrued interest of $46,000	0	4,046,000
Securities owned, at fair value	92,000	593,000
Furniture, equipment and leasehold improvements, net	46,000	374,000
Prepaid expenses and other assets	342,000	634,000
Intangibles assets	0	0
Assets	3,816,000	17,785,000
Liabilities:
Accounts payable and accrued liabilities, including $171,000 payable to former affiliate in 2015	738,000	2,102,000
Accrued settlement liability	825,000	0
Total liabilities	1,563,000	2,102,000
Commitments, contingencies and other - Note K,G
Stockholders' equity:
Common stock, $.01 par value; 49,000,000 shares authorized, 22,085,126 shares issued as of December 31, 2016 2016 and 23,211,846 shares issued as of December 31, 2015 and 22,085,126 outstanding shares at both December 31, 2016 and 2015	221,000	232,000
Additional paid-in capital	6,889,000	19,490,000
(Accumulated deficit) / Retained earnings	(4,857,000)	721,000
Less: 1,126,720 shares of treasury stock, at cost	0	(4,760,000)
Stockholders' equity	2,253,000	15,683,000	$ 18,552,000
Liabilities and Stockholders' equity	$ 3,816,000	$ 17,785,000
SBSF
ASSETS
Cash and cash equivalents			20,065,062
Accounts receivable			1,593,614
Due from broker			2,522,557
Secured demand note			1,200,000
Goodwill - Note B			1,001,000
Issuer relationships, net of amortization of $41,212 - Note B			777,788
Furniture, equipment and leasehold improvements, net			684,736
Other assets			673,276
Assets			28,518,033
Liabilities:
Payable to affiliate			104,320
Asset purchase obligation payable to affiliate, net of unamortized discount of $1,143,359			1,856,641
Accounts payable and accrued liabilities, including $171,000 payable to former affiliate in 2015			4,747,648
Deferred rent			549,287
Current liabilities			7,257,896
Subordinated debt			5,200,000
Total liabilities			12,457,896
Commitments, contingencies and other - Note K,G
Stockholders' equity:
Members' capital			16,060,137
Liabilities and Stockholders' equity			$ 28,518,033