Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Schedule of Major Revenue Categories

The following table presents the major revenue categories and when each category is recognized:

	Year Ended December 31,
Revenue Category	2019		2018		Timing of Recognition
Trading Execution and Clearing Services
Commissions and fees	$	8,302,000	$	9,504,000	Recorded on trade date
Principal transactions		8,061,000		9,020,000	Recorded on trade date
Advisory fees		801,000		478,000	Recorded as earned
Total Trading Execution and Clearing Services		17,164,000		19,002,000
Other Income
Margin interest, marketing and distribution fees
Margin interest		8,134,000		7,663,000	Recorded as earned
12b1 fees		2,987,000		3,265,000	Recorded as earned
Total Margin interest, marketing and distribution fees		11,121,000		10,928,000
Interest and other income		308,000		106,000	Recorded as earned
Total Other Income		11,429,000		11,034,000
Total Revenue	$	28,593,000	$	30,036,000

Schedule of Performance Obligation

The following table presents each revenue category and its related performance obligation:

Revenue Stream	Performance Obligation
Commissions and fees, Principal transactions, Advisory fees	Provide security trading services to customer and act as agent
Margin interest, marketing and distribution fees, Interest and other income	n/a

Disaggregation of revenue

The following table presents a breakdown of the Company’s revenue between the amounts attributed to the retail customer accounts that were originally part of Siebert (“Legacy Siebert”) vs. the retail customer accounts the Company acquired from StockCross as part of the transaction that closed in December 2017 (“StockCross Retail Assets”):

Siebert 2019 Form-10K 47

	Year Ended December 31,
	2019		2018
Revenue from Margin interest, marketing and distribution fees
Margin interest, marketing and distribution fees – Legacy Siebert	$	9,723,000	$	9,674,000
Margin interest, marketing and distribution fees – StockCross Retail Assets		1,398,000		1,254,000
Total Revenue from Margin interest, marketing and distribution fees	$	11,121,000	$	10,928,000
Revenue from Principal transactions
Principal transactions – Legacy Siebert	$	2,154,000	$	1,894,000
Principal transactions – StockCross Retail Assets		5,907,000		7,126,000
Total Revenue from Principal transactions	$	8,061,000	$	9,020,000
Revenue from Commissions and fees
Commissions and fees – Legacy Siebert	$	7,037,000	$	7,792,000
Commissions and fees – StockCross Retail Assets		1,265,000		1,712,000
Total Revenue from Commissions and fees	$	8,302,000	$	9,504,000
Additional Revenue:
Advisory fees – Legacy Siebert		801,000		478,000
Interest – Legacy Siebert		308,000		106,000
Total Revenue	$	28,593,000	$	30,036,000