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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Commissions and fees $ 7,541,000 $ 7,340,000
Interest, marketing and distribution fees 29,577,000 17,234,000
Principal transactions and proprietary trading 13,094,000 3,743,000
Market making 1,304,000 2,443,000
Stock borrow / stock loan 16,172,000 14,518,000
Advisory fees 1,928,000 1,862,000
Other income 1,898,000 2,962,000
Total Revenue 71,514,000 50,102,000
Expenses    
Employee compensation and benefits 31,936,000 28,734,000
Clearing fees, including execution costs 1,672,000 2,143,000
Technology and communications 3,364,000 4,471,000
Other general and administrative 4,410,000 4,010,000
Data processing 3,236,000 3,169,000
Rent and occupancy 1,873,000 1,955,000
Professional fees 4,459,000 3,202,000
Depreciation and amortization 2,020,000 995,000
Interest expense 263,000 440,000
Advertising and promotion 155,000 543,000
Total Expenses 53,388,000 49,662,000
Operating income 18,126,000 440,000
Earnings of equity method investment in related party 111,000 4,000
Impairment of investments (1,035,000) (4,015,000)
Loss on sale of equity method investment in related party (719,000)
Transaction termination costs (5,943,000)  
Non-operating loss (6,867,000) (4,730,000)
Income (loss) before provision for (benefit from) income taxes 11,259,000 (4,290,000)
Provision for (benefit from) income taxes 3,415,000 (1,300,000)
Net income (loss) 7,844,000 (2,990,000)
Less net income (loss) attributable to noncontrolling interests 18,000 (1,000,000)
Net income (loss) available to common stockholders $ 7,826,000 $ (1,990,000)
Net income (loss) available to common stockholders per share of common stock    
Net income (loss) available to common stockholders per share of common stock, Basic (in Dollars per share) $ 0.21 $ (0.06)
Weighted average shares outstanding    
Weighted average shares outstanding, Basic (in Shares) 37,070,366 32,408,449