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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

In addition to the transaction described in Note A, the Company recorded the following transactions with StockCross during the year ended December 31, 2017.The Company acquired six security deposits from StockCross totaling $56,000 for leases being transferred from StockCross. As part of the transaction with StockCross from November 30, 2017 through December 31, 2017, StockCross continued to serve certain customers acquired by the Company which resulted in the Company earning $1,617,000 of revenues from StockCross offset by $1,334,000 of expenses incurred by StockCross. The difference of $283,000 is a receivable from StockCross as of December 31, 2017.

 

During 2017, StockCross assigned its lease and related security deposit in Jersey City, NJ to the Company; there was no gain or loss associated with this assignment.

 

The Company has recorded a $127,000 payable to StockCross as of December 31, 2017 for costs related to the transfer of customer accounts.