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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue            
Commissions and fees $ 4,887,000   $ 2,591,000   $ 10,470,000 $ 4,859,000
Margin interest, marketing and distribution fees 2,125,000   3,693,000   5,419,000 7,249,000
Principal transactions 2,581,000   1,921,000   5,784,000 3,811,000
Interest income 909,000   1,186,000   2,240,000 2,359,000
Market making 615,000   410,000   1,085,000 973,000
Stock borrow / stock loan 771,000   423,000   1,215,000 1,004,000
Advisory fees 243,000   193,000   505,000 361,000
Other income 488,000   264,000   702,000 343,000
Total Revenue 12,619,000   10,681,000   27,420,000 20,959,000
Expenses            
Employee compensation and benefits 6,614,000   4,476,000   13,905,000 9,004,000
Clearing fees, including execution costs 1,339,000   726,000   2,637,000 1,528,000
Technology and communications 953,000   400,000   1,934,000 822,000
Other general and administrative 401,000   1,185,000   1,255,000 1,918,000
Data processing 754,000   418,000   1,603,000 961,000
Rent and occupancy 698,000   593,000   1,425,000 1,124,000
Professional fees 744,000   902,000   1,399,000 1,785,000
Depreciation and amortization 377,000   251,000   825,000 445,000
Referral fees 162,000     273,000
Interest expense 88,000   31,000   164,000 52,000
Total Expenses 12,130,000   8,982,000   25,420,000 17,639,000
Income before provision (benefit) for (from) income taxes 489,000   1,699,000   2,000,000 3,320,000
Provision (benefit) for (from) income taxes (10,000)   620,000   525,000 1,017,000
Net income $ 499,000 $ 976,000 $ 1,079,000 $ 1,224,000 $ 1,475,000 $ 2,303,000
Net income per share of common stock - Basic and diluted $ 0.02   $ 0.04   $ 0.05 $ 0.08
Weighted average shares outstanding - Basic and diluted 30,587,794   30,455,962   30,521,878 30,455,962