Receivables from and Payable to Brokers, Dealers and Clearing Organizations

9 Months Ended

Sep. 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 September 30, 2019 and as of December 31, 2018. No valuation allowance is recognized for receivables from clearing organizations 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 September 30, 2019 (unaudited)		As of December 31, 2018
Receivables from clearing and other brokers
National Financial Services (“NFS”)	$	1,743,000	$	1,664,000
StockCross		693,000		310,000
Other receivables		—		56,000
Total Receivables from clearing and other brokers	$	2,436,000	$	2,030,000
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
MSCO	$	—	$	29,000
StockCross		27,000		46,000
NFS		—		58,000
Total Due to clearing brokers and related parties	$	27,000	$	133,000