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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Commissions and fees $ 2,293,000 $ 2,410,000 $ 6,588,000 $ 8,027,000
Investment banking 8,000 558,000 27,000 1,703,000
Trading profits 164,000 472,000 435,000 1,104,000
Interest on receivable from affiliate 60,000 0 174,000 0
Other Interest and dividends 11,000 14,000 40,000 43,000
Total 2,536,000 3,454,000 7,264,000 10,877,000
Expenses:        
Employee compensation and benefits 1,289,000 1,942,000 4,000,000 5,875,000
Clearing fees, including floor brokerage 298,000 441,000 983,000 1,416,000
Professional fees 796,000 1,086,000 2,584,000 3,421,000
Loss related to arbitration settlement 0 0 0 4,300,000
Advertising and promotion 72,000 74,000 193,000 196,000
Communications 153,000 236,000 475,000 758,000
Occupancy 174,000 206,000 580,000 658,000
Other general and administrative 463,000 532,000 1,342,000 1,762,000
Total 3,245,000 4,517,000 10,157,000 18,386,000
Loss from continuing operations before income tax benefit (709,000) (1,063,000) (2,893,000) (7,509,000)
Income tax benefit 0 0 92,000 2,000
Loss from continuing operations (709,000) (1,063,000) (2,801,000) (7,507,000)
Discontinued operations - Income (loss) from investment in affiliate available for sale, including $564,000 loss related to disposal of investment in 2015 net of income tax of $92,000 and $2,000 for nine months in 2015 and 2014, respectively (19,000) (393,000) 132,000 2,000
Net loss $ (728,000) $ (1,456,000) $ (2,669,000) $ (7,505,000)
Net loss per share of common stock - Continuing Operations $ (0.03) $ (0.05) $ (0.13) $ (0.34)
Net loss per share of common stock - Discontinued Operations 0.00 (0.02) 0.01 0.00
Net loss per share of common stock - Basic and Diluted $ (0.03) $ (0.07) $ (0.12) $ (0.34)
Weighted average shares outstanding - Basic and Diluted 22,085,126 22,085,126 22,085,126 22,085,126