Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Major Revenue Categories

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

	Three Months Ended March 31,
Revenue Category	2020		2019		Timing of Recognition
Trading Execution and Clearing Services
Commissions and fees	$	5,583,000	$	2,268,000	Recorded on trade date
Principal transactions		3,203,000		1,890,000	Recorded on trade date
Market making		470,000		563,000	Recorded on trade date
Stock borrow / stock loan		444,000		581,000	Recorded as earned
Advisory fees		262,000		168,000	Recorded as earned
Total Trading Execution and Clearing Services		9,962,000		5,470,000
Other Income
Margin interest, marketing and distribution fees
Margin interest		2,506,000		2,817,000	Recorded as earned
12b1 fees		788,000		739,000	Recorded as earned
Total Margin interest, marketing and distribution fees		3,294,000		3,556,000
Interest income		1,331,000		1,173,000	Recorded as earned
Other income		214,000		79,000	Recorded as earned
Total Other Income		4,839,000		4,808,000
Total Revenue	$	14,801,000	$	10,278,000

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, Market making, Stock borrow / stock loan, Advisory fees	Provide financial services to customers and counterparties
Margin interest, marketing and distribution fees, Interest income, Other income	n / a