XML 13 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Commissions and fees $ 1,940,000 $ 2,293,000 $ 6,206,000 $ 6,588,000
Investment banking 11,000 8,000 34,000 27,000
Trading profits 131,000 164,000 521,000 435,000
Interest and dividends 141,000 71,000 422,000 214,000
Total 2,223,000 2,536,000 7,183,000 7,264,000
Expenses:        
Employee compensation and benefits 1,236,000 1,289,000 3,723,000 4,000,000
Clearing fees, including floor brokerage 203,000 298,000 677,000 983,000
Professional fees 1,178,000 796,000 2,763,000 2,584,000
Advertising and promotion 38,000 72,000 171,000 193,000
Communications 120,000 153,000 382,000 475,000
Occupancy 179,000 174,000 558,000 580,000
Other general and administrative 409,000 463,000 1,278,000 1,342,000
Total 3,363,000 3,245,000 9,552,000 10,157,000
Loss from continuing operations before income tax benefit (1,140,000) (709,000) (2,369,000) (2,893,000)
Income tax benefit 92,000
Loss from continuing operations (1,140,000) (709,000) (2,369,000) (2,801,000)
Share of income (loss) from former affiliate, including $ 564,000 loss related to disposal of investment for the three and nine month periods, and net of income tax of $ 92,000 for the nine month period.   (19,000)   132,000
Net loss $ (1,140,000) $ (728,000) $ (2,369,000) $ (2,669,000)
Net loss per share of common stock Continuing operations $ (0.05) $ (0.03) $ (0.11) $ (0.13)
Net loss per share of common stock Discontinued operations 0.01
Net loss per share of common stock - Basic and Diluted $ (0.05) $ (0.03) $ (0.11) $ (0.12)
Weighted average shares outstanding - Basic and diluted 22,088,972 22,088,972 22,088,972 22,088,972