Receivables from and Payable to Brokers, Dealers and Clearing Organizations

6 Months Ended

Jun. 30, 2019

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Receivables from and Payable to Brokers, Dealers and Clearing Organizations

4. Receivables from and Payable to Brokers, Dealers and Clearing Organizations

The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was considered uncollectable as of June 30, 2019 and the year ended December 31, 2018. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.

Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the periods indicated:

	As of June 30, 2019 (unaudited)		As of December 31, 2018
Receivables from clearing and other brokers
National Financial Services (“NFS”)	$	1,632,000	$	1,664,000
StockCross		631,000		311,000
Total Receivables from clearing and other brokers	$	2,263,000	$	1,975,000
Receivable from related party
StockCross	$	1,000,000	$	1,000,000
Total Receivable from related party	$	1,000,000	$	1,000,000
Due to clearing brokers and related parties
PWC	$	15,000	$	—
MSCO		2,000		29,000
StockCross		—		46,000
NFS		—		58,000
Total Due to clearing brokers and related parties	$	17,000	$	133,000