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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net income $ 2,056,000 $ 3,574,000
Adjustments to reconcile net income to net cash provided by / (used in) operating activities:    
Deferred income tax expense 148,000 672,000
Depreciation and amortization 1,193,000 689,000
Changes in    
Receivables from customers (5,511,000) (15,339,000)
Receivables from non-customers (103,000)
Receivables from and deposits with broker-dealers and clearing organizations 69,000 (14,000)
Securities borrowed (90,228,000) 43,382,000
Securities owned, at fair value (462,000) 1,671,000
Prepaid expenses and other assets (586,000) 167,000
Prepaid service contract - non-current (763,000)
Payables to customers 34,065,000 (3,541,000)
Payables to non-customers 1,283,000 (3,847,000)
Drafts payable (1,199,000) 234,000
Payables to broker-dealers and clearing organizations (167,000) 1,004,000
Accounts payable and accrued liabilities 311,000 (143,000)
Securities loaned 96,334,000 (35,905,000)
Securities sold, not yet purchased, at fair value (91,000) (4,000)
Interest payable (10,000)
Lease liabilities (90,000) 334,000
Taxes payable 14,000
Other liabilities 91,000
Net cash provided by / (used in) operating activities 36,352,000 (7,064,000)
Cash Flows From Investing Activities    
Escrow deposit (2,000,000)
Purchase of furniture, equipment, and leasehold improvements (783,000)
Purchase of software (334,000) (1,086,000)
Net cash used in investing activities (334,000) (3,869,000)
Cash Flows From Financing Activities    
Notes payable - related party (2,000,000) 2,000,000
Long-term debt 4,904,000
Purchase of StockCross common stock (3,425,000)
Return of capital distribution - StockCross (1,600,000)
Treasury stock sales - StockCross 172,000
Net cash provided by / (used in) financing activities 2,904,000 (2,853,000)
Net increase / (decrease) in cash and cash equivalents, and cash and securities segregated for regulatory purposes 38,922,000 (13,786,000)
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 268,516,000 200,252,000
Cash and cash equivalents - end of period 4,536,000 5,883,000
Cash and securities segregated for regulatory purposes - end of period 263,980,000 194,369,000
Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period 268,516,000 200,252,000
Supplemental cash flow information    
Cash paid during the period for income taxes 133,000 635,000
Cash paid during the period for interest 263,000 84,000
Non-cash investing and financing activities    
Shares issued for payment of professional services $ 1,127,000