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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities    
Net income $ 3,704,000 $ 1,475,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax expense 273,000 233,000
Depreciation and amortization 766,000 825,000
Changes in    
Receivables from customers 10,508,000 5,953,000
Receivables from and deposits with broker-dealers and clearing organizations 3,906,000 (856,000)
Securities borrowed 267,616,000 26,277,000
Securities owned, at fair value (1,652,000) 644,000
Prepaid expenses and other assets 205,000 58,000
Prepaid service contract 454,000 (972,000)
Payables to customers 11,350,000 6,007,000
Payables to non-customers 495,000 (344,000)
Drafts payable (2,747,000) (859,000)
Payables to broker-dealers and clearing organizations 5,024,000 3,059,000
Accounts payable and accrued liabilities 147,000 157,000
Securities loaned (277,166,000) (10,996,000)
Securities sold, not yet purchased, at fair value 28,000 (99,000)
Interest payable 20,000
Lease liabilities (14,000) (77,000)
Taxes payable 1,270,000 39,000
Net cash provided by operating activities 24,167,000 30,544,000
Cash Flows From Investing Activities    
Purchase of OpenHand common stock (850,000)
Purchase of furniture, equipment, and leasehold improvements (198,000)
Purchase of software (156,000) (276,000)
Net cash used in investing activities (1,204,000) (276,000)
Cash Flows From Financing Activities    
Repayments of long-term debt (498,000)
Net cash used in financing activities (498,000)
Net change in cash and cash equivalents, and cash and securities segregated for regulatory purposes 22,465,000 30,268,000
Cash and cash equivalents, and cash and securities segregated for regulatory purposes - beginning of year 328,556,000 229,594,000
Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period 351,021,000 259,862,000
Cash and cash equivalents - end of period 2,332,000 4,179,000
Cash and securities segregated for regulatory purposes - end of period 348,689,000 255,683,000
Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period 351,021,000 259,862,000
Supplemental cash flow information    
Cash paid during the period for income taxes 97,000 130,000
Cash paid during the period for interest 192,000 150,000
Non-cash investing and financing activities    
Shares issued for OpenHand purchase 1,381,000
Shares issued for payment of professional services $ 1,127,000