Consolidated Statements of Financial Condition (Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 6,836,000	$ 9,420,000
Receivable from brokers	580,000	626,000
Receivable from business sold to former affiliate net of unamortized discount of $746,000 and $908,000	1,761,000	2,092,000
Other receivable from former affiliate, including accrued interest of $295,000 and $46,000	4,295,000	4,046,000
Securities owned, at fair value	689,000	593,000
Furniture, equipment and leasehold improvements, net	206,000	374,000
Prepaid expenses and other assets	397,000	634,000
Total	14,764,000	17,785,000
Liabilities:
Accounts payable and accrued liabilities, including $171,000 payable to former affiliate on December 31, 2015	1,450,000	2,102,000
Stockholders' equity:
Common stock, $.01 par value; 49,000,000 shares authorized, 23,215,692 shares issued and 22,088,972 shares outstanding at September 30, 2016 and December 31, 2015, respectively	232,000	232,000
Additional paid-in capital	19,490,000	19,490,000
Retained earnings	(1,648,000)	721,000
Less: 1,126,720 shares of treasury stock, at cost at September 30, 2016 and December 31, 2015, respectively	(4,760,000)	(4,760,000)
Total	13,314,000	15,683,000
Total	$ 14,764,000	$ 17,785,000

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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- Definition

Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.