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Consolidated Statements of Financial Condition - USD ($)
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 6,027,000 $ 6,749,000
Cash equivalents - restricted 0 1,532,000
Receivable from brokers 596,000 788,000
Securities owned, at fair value 544,000 488,000
Furniture, equipment and leasehold improvements, net 444,000 609,000
Investment in affiliate available for sale 8,026,000 7,979,000
Receivable from business sold to affiliate net of unamortized discount of $969,000 and $1,143,000 2,031,000 1,857,000
Prepaid expenses and other assets 498,000 718,000
Intangibles, net 0 8,000
Total 18,166,000 20,728,000
Liabilities:    
Accounts payable and accrued liabilities 2,283,000 $ 2,176,000
Contingencies (Note 11)  
Stockholders' equity:    
Common stock, $.01 par value; 49,000,000 shares authorized, 23,211,846 shares issued and 22,085,126 shares outstanding at September 30, 2015 and December 31, 2014, respectively 232,000 $ 232,000
Additional paid-in capital 19,490,000 19,490,000
Retained earnings 921,000 3,590,000
Less: 1,126,720 shares of treasury stock, at cost at September 30, 2015 and December 31, 2014, respectively (4,760,000) (4,760,000)
Total 15,883,000 18,552,000
Total $ 18,166,000 $ 20,728,000