XML 45 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Commissions and fees $ 11,945,000 $ 14,630,000 $ 14,314,000
Investment banking 2,418,000 3,917,000 3,801,000
Trading profits 1,976,000 2,360,000 2,005,000
Interest and dividends 62,000 76,000 79,000
Total 16,401,000 20,983,000 20,199,000
Expenses:      
Employee compensation and benefits 9,262,000 10,045,000 9,993,000
Clearing fees, including floor brokerage 2,382,000 2,742,000 2,842,000
Professional fees 5,293,000 3,106,000 5,057,000
Advertising and promotion 405,000 418,000 402,000
Communications 1,296,000 1,601,000 2,144,000
Occupancy 1,046,000 907,000 1,095,000
Impairment of intangibles 300,000 300,000   
Write off of software development costs    433,000   
Other general and administrative 2,245,000 2,374,000 3,051,000
Provision for loss related to settlement of litigation       1,000,000
Total 22,229,000 21,926,000 25,584,000
(Loss) income from equity investees (65,000) 806,000 29,000
Loss before income taxes (5,893,000) (137,000) (5,356,000)
Provision for income taxes 19,000 34,000 23,000
Net loss (5,912,000) (171,000) (5,379,000)
Net loss per share of common stock - basic and diluted $ (0.27) $ (0.01) $ (0.24)
Weighted average shares outstanding - basic and diluted 22,087,324 22,100,759 22,114,121
SBS
     
Revenues:      
Investment banking 20,847,546 23,092,819 20,625,468
Trading profits 4,114,958 5,149,140 5,811,327
Interest and dividends 2,817 4,389 4,278
Total 24,965,321 28,246,348 26,441,073
Expenses:      
Employee compensation and benefits 18,619,549 20,541,452 19,878,202
Clearing fees, including floor brokerage 122,209 129,694 142,648
Professional fees 528,313 591,175 623,415
Communications 889,207 905,970 940,907
Occupancy 1,088,755 1,052,908 1,065,030
Interest 48,000 66,718 59,290
State and local income tax 36,326 78,706 120,907
Other general and administrative 3,440,071 3,300,549 3,593,466
Total 24,772,430 26,667,172 26,423,865
Net loss $ 192,891 $ 1,579,176 $ 17,208