Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

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 December 31, 2020
	Level 1		Level 2		Level 3		Total
Assets
Securities owned, at fair value
U.S. government securities*	$	2,029,000	$	—	$	—	$	2,029,000
Certificates of deposit		—		91,000		—		91,000
Corporate bonds		—		24,000		—		24,000
Equity securities		345,000		134,000		—		479,000
Total Securities owned, at fair value	$	2,374,000	$	249,000	$	—	$	2,623,000

Liabilities
Securities sold, not yet purchased, at fair value
Equity securities	$	—	$	21,000	$	—	$	21,000
Total Securities sold, not yet purchased, at fair value	$	—	$	21,000	$	—	$	21,000

	As of December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets
Cash and securities segregated for regulatory purposes
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

*As of December 31, 2020 and 2019, these U.S. government securities mature on 08/31/21

**As of December 31, 2019, these U.S. government securities mature on 02/29/20

Schedule of Changes in Level 3 Equity Assets

					Changes in Level 3 Equity Assets
					Year Ended December 31, 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 – December 31, 2020		$	—