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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities    
Net income $ 2,975,000 $ 3,236,000 [1]
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax expense 479,000 490,000
Depreciation and amortization 1,566,000 1,002,000 [1]
Changes in    
Receivables from customers (9,027,000) (6,424,000)
Receivables from and deposits with broker-dealers and clearing organizations (14,549,000) 383,000
Securities borrowed (712,256,000) 104,438,000
Securities owned, at fair value 395,000 2,717,000
Prepaid expenses and other assets (2,055,000) 271,000
Prepaid service contract (686,000)
Payables to customers 72,433,000 30,308,000
Payables to non-customers 3,507,000 (7,179,000)
Drafts payable 1,187,000 289,000
Payables to broker-dealers and clearing organizations 1,287,000 585,000
Accounts payable and accrued liabilities 1,334,000 (505,000)
Securities loaned 750,368,000 (105,796,000)
Securities sold, not yet purchased, at fair value (95,000) 69,000
Interest payable (10,000) 10,000
Lease liabilities (136,000) 458,000
Net cash provided by operating activities 96,717,000 24,352,000
Cash Flows From Investing Activities    
Segregated cash acquired in a business acquisition 152,000
Cash paid in a business acquisition, net of cash and cash equivalents acquired (3,824,000)
Purchase of furniture, equipment, and leasehold improvements (13,000) (1,010,000)
Purchase of software (397,000) (1,262,000)
Net cash used in investing activities (410,000) (5,944,000)
Cash Flows From Financing Activities    
Notes payable - related party (2,800,000) 2,000,000
Long-term debt 4,655,000
Employee stock purchases 800,000
Purchase of StockCross common stock (3,424,000)
Return of capital distribution - StockCross (1,600,000)
Treasury stock sales - StockCross 172,000
Net cash provided by / (used in) financing activities 2,655,000 (2,852,000)
Net increase / (decrease) in cash and cash equivalents, and cash and securities segregated for regulatory purposes 98,962,000 15,556,000
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 year 328,556,000 229,594,000
Cash and cash equivalents - end of year 3,632,000 4,670,000 [2]
Cash and securities segregated for regulatory purposes - end of year 324,924,000 224,924,000 [2]
Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of year 328,556,000 229,594,000
Supplemental cash flow information    
Cash paid during the year for income taxes 167,000 636,000
Cash paid during the year for interest 359,000 125,000
Non-cash investing and financing activities    
Shares issued for payment of professional services $ 1,127,000
[1] Statement of income for the year ended December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.
[2] Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.