C - FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

12 Months Ended

Dec. 31, 2012

C - FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Note C - Furniture, Equipment And Leasehold Improvements, Net

Furniture, equipment and leasehold improvements consist of the following:

	December 31,
	2012			2011
Equipment	$	527,000		$	2,307,000
Leasehold improvements		22,000			29,000
Furniture and fixtures		3,000			23,000
		552,000			2,359,000
Less accumulated depreciation and amortization		(240,000	)		(1,602,000	)
	$	312,000		$	757,000

Depreciation and amortization expense for the years ended December 31, 2012, 2011 and 2010 amounted to $274,000, $510,000 and $523,000, respectively.

Due to the Company’s discontinuation of its relationship with a software vendor on June 30, 2012, which had developed and maintained Siebert’s website, the Company wrote-off remaining related software development costs of $433,000. The unamortized carrying value of such development costs consisted of $1,856,000 of cost net of $1,423,000 of accumulation amortization. Effective July 1, 2012, such services are provided by the Company’s clearing broker.

Subsidiaries [Member]

C - FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Note C - Furniture, Equipment and Leasehold Improvements, Net

Furniture, equipment, and leasehold improvements consist of the following:

	December 31,
	2012		2011
Equipment	$	855,315	$	821,463
Furniture and leasehold improvements		1,653,042		1,623,513
		2,508,357		2,444,976
Less accumulated depreciation and amortization		1,483,829		1,217,736
	$	1,024,528	$	1,227,240

Depreciation and amortization expense for 2012, 2011 and 2010 amounted to $266,093, $256,161 and $237,045, respectively.