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10. Investment In Affiliate:
 3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
10. Investment In Affiliate:

Siebert Brandford Shank Financial, LLC (“SBSF”)

 

Summarized financial data of SBSF

 

    SBSF
March 31,
2015
Total assets, including secured demand note of $1,200,000 due from Siebert   $ 26,480,000  
Total liabilities, including subordinated liabilities of $1,200,000 due to Siebert     11,972,000  
Total members’ capital     14,508,000  
Regulatory minimum net capital requirement     250,000  
Total revenues     4,049,000  
Net loss     (1,521,000 )

 

Siebert’s share of SBSF’S consolidated net loss for the three months ended March 31, 2015 amounted to $744,000.

 

Siebert charged SBS $17,000 and $25,000 during the three months ended March 31, 2016 and March 31, 2015 respectively,

for general and administrative services, which Siebert believes approximates the cost of furnishing such services.

 

Siebert made advances, net of collections, to SBSF of $82,000 and $14,000 during the three months ended March 31, 2016 and March 31, 2015 respectively. Siebert received a $16,000 distribution from SBSF during the three months ended March 31, 2015.