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Consolidated Statements of Financial Condition - USD ($)
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 7,851,000 $ 9,420,000
Receivable from brokers 544,000 626,000
Receivable from business sold to former affiliate net of unamortized discount of $798,000 and $908,000 1,709,000 2,092,000
Other receivable from former affiliate, including accrued interest of $210,000 and $46,000 4,210,000 4,046,000
Securities owned, at fair value 660,000 593,000
Furniture, equipment and leasehold improvements, net 268,000 374,000
Advance to former affiliate 10,000 0
Prepaid expenses and other assets 520,000 634,000
Total 15,772,000 17,785,000
Liabilities:    
Accounts payable and accrued liabilities, including $171,000 payable to former affiliate on December 31,2015 1,318,000 2,102,000
Commitments and contingent liabilities - Note 11
Stockholders' equity:    
Common stock, $.01 par value; 49,000,000 shares authorized, 23,211,846 shares issued, 22,085,126 shares outstanding at June 30, 2016 and December 31, 2015, respectively 232,000 232,000
Additional paid-in capital 19,490,000 19,490,000
Retained earnings (508,000) 721,000
Less: 1,126,720 shares of treasury stock, at cost (4,760,000) (4,760,000)
Total 14,454,000 15,683,000
Total $ 15,772,000 $ 17,785,000