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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Commissions and fees $ 4,325,000 $ 4,887,000 $ 11,333,000 $ 10,470,000
Interest, marketing and distribution fees 3,623,000 3,034,000 7,082,000 7,659,000
Principal transactions 4,107,000 2,581,000 8,355,000 5,784,000
Market making 1,758,000 615,000 3,372,000 1,085,000
Stock borrow / stock loan 2,240,000 771,000 4,087,000 1,215,000
Advisory fees 403,000 243,000 759,000 505,000
Other income 337,000 488,000 729,000 702,000
Total Revenue 16,793,000 12,619,000 35,717,000 27,420,000
Expenses        
Employee compensation and benefits 8,745,000 6,614,000 17,911,000 13,905,000
Clearing fees, including execution costs 1,289,000 1,339,000 3,142,000 2,637,000
Technology and communications 1,100,000 953,000 2,341,000 1,934,000
Other general and administrative 1,188,000 401,000 1,958,000 1,255,000
Data processing 695,000 754,000 1,492,000 1,603,000
Rent and occupancy 470,000 698,000 1,040,000 1,425,000
Professional fees 577,000 744,000 1,192,000 1,399,000
Depreciation and amortization 374,000 377,000 766,000 825,000
Referral fees 353,000 162,000 760,000 273,000
Interest expense 89,000 88,000 192,000 164,000
Total Expenses 14,880,000 12,130,000 30,794,000 25,420,000
Income before provision for income taxes 1,913,000 489,000 4,923,000 2,000,000
Provision for income taxes 484,000 (10,000) 1,219,000 525,000
Net income $ 1,429,000 $ 499,000 $ 3,704,000 $ 1,475,000
Net income per share of common stock Basic and diluted $ 0.05 $ 0.02 $ 0.12 $ 0.05
Weighted average shares outstanding Basic and diluted 31,283,364 30,587,794 31,228,725 30,521,878