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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Margin interest, marketing and distribution fees $ 2,731,000 $ 1,850,000 $ 7,953,000 $ 4,477,000
Principal transactions 2,634,000 154,000 7,838,000 360,000
Commissions and fees 2,465,000 1,077,000 7,651,000 3,295,000
Interest 34,000 4,000 69,000 9,000
Advisory fees 20,000 4,000 38,000 16,000
Total revenue 7,884,000 3,089,000 23,549,000 8,157,000
Expenses:        
Employee compensation and benefits 3,668,000 1,031,000 10,619,000 3,069,000
Other general and administrative 650,000 275,000 1,874,000 1,020,000
Clearing fees, including floor brokerage 631,000 252,000 2,212,000 819,000
Professional fees 477,000 372,000 1,572,000 1,265,000
Occupancy 248,000 86,000 737,000 306,000
Communications 120,000 56,000 369,000 192,000
Advertising and promotion 6,000 16,000 40,000 61,000
Total Expenses 5,800,000 2,088,000 17,423,000 6,732,000
Income before (benefit) from income taxes 2,084,000 1,001,000 6,126,000 1,425,000
(Benefit) from income taxes (1,035,000) (485,000)
Net Income $ 3,119,000 $ 1,001,000 $ 6,611,000 $ 1,425,000
Net income per share of common stock - Basic and diluted $ 0.11 $ 0.05 $ 0.24 $ 0.06
Weighted average shares outstanding - Basic and diluted 27,157,188 22,085,126 27,157,188 22,085,126