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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Margin interest, marketing and distribution fees $ 2,687,000 $ 1,545,000 $ 5,222,000 $ 2,626,000
Commissions and fees 2,512,000 1,037,000 5,186,000 2,219,000
Principal transactions 2,263,000 98,000 5,204,000 206,000
Interest and dividends 24,000 3,000 35,000 5,000
Advisory fees 2,000 6,000 18,000 12,000
Total revenues 7,488,000 2,689,000 15,665,000 5,068,000
Expenses:        
Employee compensation and benefits 3,289,000 1,000,000 6,951,000 2,038,000
Clearing fees, including floor brokerage 679,000 304,000 1,581,000 568,000
Other general and administrative 675,000 393,000 1,224,000 744,000
Professional fees 487,000 468,000 1,095,000 893,000
Occupancy 247,000 79,000 489,000 221,000
Communications 154,000 55,000 249,000 135,000
Advertising and promotion 21,000 25,000 34,000 45,000
Total Expenses 5,552,000 2,324,000 11,623,000 4,644,000
Income before provision for income taxes 1,936,000 365,000 4,042,000 424,000
Provision for income taxes 137,000 0 550,000 0
Net Income $ 1,799,000 $ 365,000 $ 3,492,000 $ 424,000
Net income per share of common stock - Basic and diluted $ 0.07 $ 0.02 $ 0.13 $ 0.02
Weighted average shares outstanding - Basic and diluted 27,157,188 22,085,126 27,157,188 22,085,126