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Consolidated Statements of Operations (Unaudited) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Commissions and fees $ 14,630,000 $ 14,314,000 $ 17,144,000
Investment banking 3,917,000 3,801,000 2,238,000
Trading profits 2,360,000 2,005,000 1,237,000
Interest and dividends 76,000 79,000 151,000
Total 20,983,000 20,199,000 20,770,000
Expenses:      
Employee compensation and benefits 10,045,000 9,993,000 9,189,000
Clearing fees, including floor brokerage 2,742,000 2,842,000 3,139,000
Professional fees 3,106,000 5,057,000 6,517,000
Advertising and promotion 418,000 402,000 400,000
Communications 1,601,000 2,144,000 2,359,000
Occupancy 907,000 1,095,000 1,274,000
Impairment of intangibles 300,000 0 150,000
Write off of software development costs 433,000 0 0
Other general and administrative 2,374,000 3,051,000 2,851,000
Provision for loss related to litigation 0 1,000,000 0
Total 21,926,000 25,584,000 25,879,000
Income (loss) from equity investees 806,000 29,000 4,078,000
Income (loss) before income taxes (137,000) (5,356,000) (1,031,000)
Income tax expense 34,000 23,000 1,609,000
Net income (loss) (171,000) (5,379,000) (2,640,000)
Net loss per share of common stock – basic and diluted $ (0.01) $ (0.24) $ (0.12)
Weighted average shares outstanding – basic and diluted 22,100,759 22,114,121 22,167,218
SbsOperationsMember
     
Revenues:      
Investment banking 23,092,819 20,625,468 41,275,623
Trading profits 5,149,140 5,811,327 7,488,092
Interest and dividends 4,389 4,278 5,429
Total 28,246,348 26,441,073 48,769,144
Expenses:      
Employee compensation and benefits 20,541,452 19,878,202 33,076,985
Clearing fees, including floor brokerage 129,694 142,648 194,957
Professional fees 591,175 623,415 680,673
Communications 905,970 940,907 880,792
Occupancy 1,052,908 1,065,030 1,020,409
Interest 66,718 59,290 73,000
State and local income tax 78,706 120,907 435,187
Other general and administrative 3,300,549 3,593,466 4,035,029
Total 26,667,172 26,423,865 40,397,032
Net income (loss) $ 1,579,176 $ 17,208 $ 8,372,112