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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Commissions and fees $ 1,901,000 $ 2,340,000
Interest, marketing and distribution fees 6,973,000 2,362,000
Principal transactions and proprietary trading 2,800,000 (267,000)
Market making 345,000 764,000
Stock borrow / stock loan 3,442,000 3,578,000
Advisory fees 444,000 507,000
Other income 265,000 1,060,000
Total Revenue 16,170,000 10,344,000
Expenses    
Employee compensation and benefits 6,967,000 7,094,000
Clearing fees, including execution costs 355,000 494,000
Technology and communications 789,000 1,182,000
Other general and administrative 1,093,000 932,000
Data processing 851,000 516,000
Rent and occupancy 478,000 473,000
Professional fees 1,074,000 696,000
Depreciation and amortization 190,000 259,000
Interest expense 88,000 124,000
Advertising and promotion (28,000) 113,000
Total Expenses 11,857,000 11,883,000
Operating income (loss) 4,313,000 (1,539,000)
Earnings of equity method investment in related party 38,000 165,000
Non-operating income 38,000 165,000
Income (loss) before provision for (benefit from) income taxes 4,351,000 (1,374,000)
Provision for (benefit from) income taxes 1,136,000 (282,000)
Net income (loss) 3,215,000 (1,092,000)
Less net income (loss) attributable to noncontrolling interests 19,000 (119,000)
Net income (loss) available to common stockholders $ 3,196,000 $ (973,000)
Net income (loss) available to common stockholders per share of common stock    
Basic and diluted (in Dollars per share) $ 0.1 $ (0.03)
Weighted average shares outstanding    
Basic and diluted (in Shares) 32,505,329 32,403,235