FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

12 Months Ended

Dec. 31, 2015

FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Furniture, equipment and leasehold improvements consist of the following:

	December 31,
		2015			2014
Equipment	$	375,000		$	524,000
Leasehold improvements		549,000			546,000
Furniture and fixtures		44,000			43,000
		968,000			1,113,000
Less accumulated depreciation and amortization		(594,000	)		(504,000	)
	$	374,000		$	609,000

Depreciation and amortization expense for the years ended December 31, 2015, 2014 and 2013 amounted to 276,000, $257,000 and $120,000, respectively.

Siebert, Brandford, Shank Financial LLC and Subsidiary

FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

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

		12/31/2014
Equipment	$	926,654
Furniture and leasehold improvements		1,718,826
		2,645,480
Less accumulated depreciation and amortization		1,960,744
	$	684,736

Depreciation and amortization expense for the period ended November 9, 2015 amounted to $160,046, For the periods ended December 31,2014 and 2013 the expense amounted to $226,761 and $250,154 respectively.