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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Commissions and fees $ 2,340,000 $ 7,008,000
Interest, marketing and distribution fees 2,362,000 3,459,000
Principal transactions and proprietary trading (267,000) 4,248,000
Market making 764,000 1,614,000
Stock borrow / stock loan 3,578,000 1,847,000
Advisory fees 507,000 356,000
Other income 1,060,000 392,000
Total Revenue 10,344,000 18,924,000
Expenses    
Employee compensation and benefits 7,094,000 9,166,000
Clearing fees, including execution costs 494,000 1,853,000
Technology and communications 1,182,000 1,241,000
Other general and administrative 932,000 770,000
Data processing 516,000 797,000
Rent and occupancy 473,000 570,000
Professional fees 696,000 615,000
Depreciation and amortization 259,000 392,000
Referral fees 407,000
Interest expense 124,000 103,000
Advertising and promotion 113,000
Total Expenses 11,883,000 15,914,000
Earnings of equity method investment in related party 165,000
Income (loss) before provision for (benefit from) income taxes (1,374,000) 3,010,000
Provision for (benefit from) income taxes (282,000) 735,000
Net income (loss) (1,092,000) 2,275,000
Less net loss attributable to noncontrolling interests (119,000)
Net income (loss) available to common stockholders $ (973,000) $ 2,275,000
Net income (loss) available to common stockholders per share of common stock Basic and diluted $ (0.04) $ 0.07
Weighted average shares outstanding Basic and diluted 32,403,235 31,173,149