Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value

Fair Value Hierarchy Tables

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 June 30, 2022
	Level 1		Level 2		Level 3		Total
Assets
Cash and securities segregated for regulatory purposes
U.S. government securities*	$	116,818,000	$	—	$	—	$	116,818,000
Securities owned, at fair value
U.S. government securities**	$	2,845,000	$	—	$	—	$	2,845,000
Certificates of deposit		—		92,000		—		92,000
Municipal securities		—		10,000		—		10,000
Corporate bonds		—		11,000		—		11,000
Equity securities		240,000		152,000		—		392,000
Total Securities owned, at fair value	$	3,085,000	$	265,000	$	—	$	3,350,000
Liabilities
Securities sold, not yet purchased, at fair value
Equity securities	$	—	$	9,000	$	—	$	9,000
Total Securities sold, not yet purchased, at fair value	$	—	$	9,000	$	—	$	9,000

	As of December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets
Securities owned, at fair value
U.S. government securities**	$	2,966,000	$	—	$	—	$	2,966,000
Certificates of deposit		—		91,000		—		91,000
Corporate bonds		—		12,000		—		12,000
Equity securities		489,000		433,000		—		922,000
Total Securities owned, at fair value	$	3,455,000	$	536,000	$	—	$	3,991,000
Liabilities
Securities sold, not yet purchased, at fair value
Equity securities	$	—	$	24,000	$	—	$	24,000
Total Securities sold, not yet purchased, at fair value	$	—	$	24,000	$	—	$	24,000

*As of June 30, 2022, the Company had U.S. government securities with market values of approximately $9.8 million, $9.9 million, $62.9 million, $24.3 million and 9.9 million and corresponding maturity dates of May 18, 2023, August 31, 2023, December 31, 2023, January 31, 2024 and May 31, 2024, respectively. As of December 31, 2021, the Company did not have any U.S. government securities classified as cash and securities segregated for regulatory purposes.

**As of both June 30, 2022 and December 31, 2021, the U.S. government securities had a maturity date of August 15, 2024.

Refer to the below as well as Note 6 – Fair Value Measurements in the Company’s 2021 Form 10-K for further information regarding financial instruments not carried at fair value on the statements of financial condition as of June 30, 2022 and December 31, 2021.