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8. Subordinated Convertible Debentures Payable (Tables)

12 Months Ended

Dec. 31, 2012

	2012		2011

6 ½%, due June 1991	$	1,034,000	$	1,034,000
6%, due May 1992		8,025,000		8,025,000
	$	9,059,000	$	9,059,000

- Definition

Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

+ References+ Details