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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 976,000 $ 1,224,000
Adjustments to reconcile net income to net cash provided by / (used in) operating activities:    
Deferred income tax expense 291,000 90,000
Depreciation and amortization 448,000 194,000
Changes in    
Receivables from customers 15,884,000 (5,063,000)
Receivables from non-customers (146,000)
Receivables from and deposits with broker-dealers and clearing organizations (109,000) 199,000
Securities borrowed 131,306,000 (65,259,000)
Securities owned, at fair value (662,000) (1,711,000)
Prepaid expenses and other assets 44,000 (198,000)
Payables to customers (23,021,000) (2,344,000)
Payables to non-customers (659,000) 4,305,000
Drafts payable (213,000) 1,910,000
Payables to broker-dealers and clearing organizations 510,000 453,000
Accounts payable and accrued liabilities 214,000 (274,000)
Securities loaned (121,607,000) 58,449,000
Securities sold, not yet purchased, at fair value (85,000) 11,000
Interest payable 30,000
Lease liabilities (43,000) 273,000
Taxes payable 86,000 185,000
Net cash provided by / (used in) operating activities 3,390,000 (7,702,000)
Cash Flows From Investing Activities    
Purchase of furniture, equipment, and leasehold improvements (579,000)
Purchase of software (183,000) (387,000)
Net cash used in investing activities (183,000) (966,000)
Cash Flows From Financing Activities    
Purchase of StockCross common stock (3,665,000)
Treasury stock sales - StockCross 172,000
Net cash used in financing activities (3,493,000)
Net increase / (decrease) in cash and cash equivalents, and cash and securities segregated for regulatory purposes 3,207,000 (12,161,000)
Cash and cash equivalents, and cash and securities segregated for regulatory purposes - beginning of year 229,594,000 214,038,000
Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period 232,801,000 201,877,000
Cash and cash equivalents - end of period 5,220,000 5,892,000
Cash and securities segregated for regulatory purposes - end of period 227,581,000 195,985,000
Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period 232,801,000 201,877,000
Supplemental cash flow information    
Cash paid during the period for income taxes 17,000 5,500
Cash paid during the period for interest $ 116,000 $ 103,000