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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue:    
Margin interest, marketing and distribution fees $ 2,772,000 $ 2,535,000
Commissions and fees 1,864,000 2,674,000
Principal transactions 1,610,000 2,941,000
Advisory fees 168,000 16,000
Interest 15,000 11,000
Total revenue 6,429,000 8,177,000
Expenses:    
Employee compensation and benefits 2,835,000 3,662,000
Clearing fees, including execution costs 654,000 902,000
Professional fees 502,000 608,000
Other general and administrative 385,000 386,000
Technology and communications 247,000 234,000
Rent and occupancy 295,000 242,000
Depreciation and amortization 175,000 24,000
Advertising and promotion 13,000
Total Expenses 5,093,000 6,071,000
Income before provision for income tax and before earnings of equity method investment 1,336,000 2,106,000
Provision for income tax 369,000 413,000
Income before earnings of equity method investment 967,000 1,693,000
Earnings of equity method investment 39,000
Net Income $ 1,006,000 $ 1,693,000
Net income per share of common stock - Basic and diluted $ 0.04 $ 0.06
Weighted average shares outstanding - Basic and diluted 27,157,188 27,157,188