Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value

The following tables present the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of the periods presented.

	As of June 30, 2020
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents
Certificates of deposit	$	—	$	143,000	$	—	$	143,000
Securities owned, at fair value
U.S. government securities*	$	2,042,000	$	—	$	—	$	2,042,000
Corporate bonds		—		23,000		—		23,000
Equity securities		161,000		148,000		—		309,000
Total Securities owned, at fair value	$	2,203,000	$	171,000	$	—	$	2,374,000
Liabilities
Securities sold, not yet purchased, at fair value
Equity securities	$	—	$	17,000	$	—	$	17,000
Total Securities sold, not yet purchased, at fair value	$	—	$	17,000	$	—	$	17,000

*As of June 30, 2020, U.S. government securities mature on 08/31/2021

	As of December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents
Certificates of deposit	$	—	$	142,000	$	—	$	142,000
Segregated securities
U.S. government securities	$	1,311,000		—		—	$	1,311,000
Securities owned, at fair value
U.S. government securities	$	2,007,000	$	—	$	—	$	2,007,000
Corporate bonds		—		25,000		—		25,000
Equity securities		453,000		245,000		288,000		986,000
Total Securities owned, at fair value	$	2,460,000	$	270,000	$	288,000	$	3,018,000
Liabilities
Securities sold, not yet purchased, at fair value
Equity securities	$	88,000	$	28,000	$	—	$	116,000
Total Securities sold, not yet purchased, at fair value	$	88,000	$	28,000	$	—	$	116,000

Schedule of Changes in Level 3 Equity Assets

	Changes in Level 3 Equity Assets
	Six Months Ended June 30, 2020
		Amount		Valuation Technique	Reason for Change
Balance – January 1, 2020	$	288,000		Liquidation value based on valuation report
Transfers out of level 3		(288,000	)		Sale of equity security
Balance – June 30, 2020	$	—