<SEC-DOCUMENT>0001157523-19-000710.txt : 20190329
<SEC-HEADER>0001157523-19-000710.hdr.sgml : 20190329
<ACCEPTANCE-DATETIME>20190329114746
ACCESSION NUMBER:		0001157523-19-000710
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		58
CONFORMED PERIOD OF REPORT:	20181231
FILED AS OF DATE:		20190329
DATE AS OF CHANGE:		20190329

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIEBERT FINANCIAL CORP
		CENTRAL INDEX KEY:			0000065596
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				111796714
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05703
		FILM NUMBER:		19714960

	BUSINESS ADDRESS:	
		STREET 1:		120 WALL STREET
		STREET 2:		25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		212-644-2400

	MAIL ADDRESS:	
		STREET 1:		120 WALL STREET
		STREET 2:		25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MICHAELS J INC
		DATE OF NAME CHANGE:	19950221
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>a51960189.htm
<DESCRIPTION>SIEBERT FINANCIAL CORP. 10-K
<TEXT>
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    <div style="text-align: center; margin-left: 14.9pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
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    <div style="text-align: center; margin-left: 14.85pt; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
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    <div style="text-align: center; margin-left: 14.9pt; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Washington, D.C. 20549</font></div>
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    <div style="text-align: center; margin-left: 14.95pt; font-size: 16pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Form 10-K</font></div>
    <div>&#160;</div>
    <div style="text-align: center; margin-left: 14.85pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Mark One)</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#9746;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">ANNUAL REPORT PURSUANT TO
          SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">For the fiscal year ended: December 31, 2018</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"> <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">&#9744; TRANSITION REPORT PURSUANT
          TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">For the transition period from</font><font id="TRGRRTFtoHTMLTab" style="font-size: 5.13pt;"> _____________________&#160; </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">to </font></font><font style="font-size: 10pt; font-family: &quot;Times New
        Roman&quot;,Times,serif;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><font style="font-size: 5.13pt;">_____________________</font></font><font id="TRGRRTFtoHTMLTab" style="font-size: 5.1pt;"><br>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Commission file number 0-5703</font></div>
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      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div style="text-align: center; margin-left: 14.9pt; font-size: 20pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Siebert Financial Corp.</font></div>
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    <div style="text-align: center; margin-left: 14.95pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Exact name of registrant as specified in its charter)</font></div>
    <div>&#160;
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">New York</font></div>
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          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11-1796714</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(State or other jurisdiction of incorporation or organization)</font></div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(I.R.S. Employer Identification No.)</font></div>
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          <td style="width: 45%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">120 Wall Street, New York, NY</font></div>
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          <td style="width: 10%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10005</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Address of principal executive offices)</font></div>
            <div></div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Zip Code)</font></div>
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    <div>&#160;</div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(212) 644-2400</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Registrant&#8217;s telephone number, including area code</font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Securities registered pursuant to Section 12(b) of the Exchange Act:</font></div>
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      <div><br>
      </div>
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            <td style="width: 50%; text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Title of each class</font><font style="text-indent: 0px; font-size: 5.05pt;"></font></td>
            <td style="width: 50%; text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Name of each exchange on which registered</font></td>
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            <td style="width: 50%; text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Common Stock - $0.01 par value</font><font style="text-indent: 0px; font-size: 5.01pt;"></font></td>
            <td style="width: 50%; text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">The Nasdaq Capital Market</font></td>
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      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"><br>
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    <div style="text-align: center; margin-left: 14.85pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Securities registered under Section 12(g) of the Exchange Act:</font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">NONE</font></div>
    <div style="text-align: center;">&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">(Title of class)</font></div>
    <div>&#160;</div>
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    <div style="text-align: justify; margin-left: 21.15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
        YES <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font> NO <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font></font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 21.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the
        Act. YES <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font> NO <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font></font></div>
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    <div style="text-align: justify; margin-right: 6.1pt; margin-left: 21.15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by
        Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
        YES <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font> NO <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></font></div>
    <div>&#160;</div>
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    <div style="text-align: justify; margin-right: 6.1pt; margin-left: 21.15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant has submitted electronically, if any, every
        Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YES <font style="font-size: 10pt; font-family:
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    <div>&#160;</div>
    <div style="text-align: justify; margin-right: 6.1pt; margin-left: 21.15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K
        is not contained herein, and will not be contained, to the best of registrant&#8217;s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-right: 6.1pt; margin-left: 21.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
        non-accelerated filer or a smaller reporting company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act:</font></div>
    <div>&#160;</div>
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            <td style="width: 57%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Large accelerated filer </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></td>
            <td style="width: 40%;">
              <div><font style="text-indent: 0px; font-size: 5.08pt;"></font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Accelerated filer <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></font></div>
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            <td colspan="1" style="width: 3%;">&#160;</td>
            <td style="width: 57%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Non-accelerated filer </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font><font style="text-indent:
                0px; font-size: 5.08pt;">&#160;</font></td>
            <td style="width: 40%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Smaller reporting company </font><font style="font-size: 10pt;
                  font-family: 'Times New Roman', Times, serif;">&#9746;</font></font></td>
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            <td colspan="1" style="width: 3%;">&#160;</td>
            <td style="width: 57%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Emerging growth company <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></font></td>
          </tr>

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    </div>
    <div>&#160;</div>
    <div style="text-align: left; margin-left: 355.8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"></font></font></div>
    <div></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <!--PROfilePageNumberReset%Num%2%Siebert 2018 Form 10-K %%-->
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    <div style="text-align: justify; margin-right: 6.15pt; margin-left: 21.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the
        extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></font></div>
    <div>&#160;</div>
    <div style="text-align: left; margin-left: 21.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YES <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font> NO <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font></font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-right: 6.1pt; margin-left: 21.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The aggregate market value of the Common Stock held by non-affiliates of the registrant (based upon
        the last sale price of the Common Stock reported on the Nasdaq Capital Market as of the last business day of the registrant&#8217;s most recently completed second fiscal quarter (June 30, 2018), was approximately $67,418,000.</font></div>
    <div>&#160;</div>
    <div style="text-align: left; margin-right: 95.35pt; margin-left: 21.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The number of shares of the registrant&#8217;s outstanding Common Stock, as of March 26, 2019, was
        27,157,188 shares.</font></div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: left; margin-right: 95.35pt; margin-left: 21.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Documents Incorporated by Reference: None</font></div>
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      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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    <div></div>
    <div></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIEBERT FINANCIAL CORP.</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">INDEX</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z99867a52be874bbea85a4097f4bf2e87" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

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            <td colspan="3" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);">
              <div><a href="#PARTI"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART I</font></font></a></div>
            </td>
            <td style="width: 6%; text-align: right; background-color: rgb(204, 238, 255);">1</td>
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            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);"><a href="#ITEM1.BUSINESS"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New
                    Roman', Times, serif;">ITEM 1. BUSINESS</font></font></a>
              <div></div>
            </td>
            <td style="width: 6%; text-align: right; background-color: rgb(255, 255, 255);">1</td>
          </tr>
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            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 90%; background-color: rgb(204, 238, 255);">
              <div><a href="#ITEM1A.RISKFACTORS"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 1A. RISK FACTORS</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7</div>
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            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 90%; background-color: rgb(255, 255, 255);">
              <div><a href="#ITEM1B.UNRESOLVEDSTAFFCOM"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 1B. UNRESOLVED STAFF COMMENTS</font></font></a></div>
            </td>
            <td style="width: 6%; text-align: right; background-color: rgb(255, 255, 255);">12</td>
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              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);"><a href="#ITEM2.PROPERTIES"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New
                    Roman', Times, serif;">ITEM 2. PROPERTIES</font></font></a>
              <div></div>
              <div></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);"><a href="#ITEM3.LEGALPROCEEDINGS"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family:
                    'Times New Roman', Times, serif;">ITEM 3. LEGAL PROCEEDINGS</font></font></a>
              <div></div>
              <div></div>
            </td>
            <td style="width: 6%; text-align: right; background-color: rgb(255, 255, 255);">12</td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);">
              <div><a href="#ITEM4.MINESAFETYDISCLOSUR"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 4. MINE SAFETY DISCLOSURES</font></font></a></div>
              <div></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">12</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td rowspan="1" style="width: 90%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td rowspan="1" style="width: 6%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);"><a href="#PARTII"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman',
                    Times, serif; font-weight: bold;">PART II</font></font></a>
              <div></div>
              <div></div>
              <div></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">
              <div><a href="#ITEM5.MARKETFORREGISTRANT"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 5. MARKET FOR REGISTRANT&#8217;S COMMON EQUITY,
                      RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">13<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);">
              <div><a href="#ITEM6.SELECTEDFINANCIALDA"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 6. SELECTED FINANCIAL DATA</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">15</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">
              <div><a href="#ITEM7.MANAGEMENTSDISCUSSI"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 7. MANAGEMENT&#8217;S DISCUSSIONS AND ANALYSIS
                      OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">16<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 90%; background-color: rgb(204, 238, 255);">
              <div><a href="#ITEM7A.QUANTITATIVEANDQUA"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 7A. QUANTITATIVE AND QUALITATIVE
                      DISCLOSURES ABOUT MARKET RISK</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);"><a href="#ITEM8.FINANCIALSTATEMENTS"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family:
                    'Times New Roman', Times, serif;">ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA</font></font></a>
              <div></div>
            </td>
            <td style="width: 6%; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">23</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);">
              <div><a href="#ITEM9.CHANGESINANDDISAGRE"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 9. CHANGES IN AND DISAGREEMENTS WITH
                      ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">40</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 90%; background-color: rgb(255, 255, 255);">
              <div><a href="#ITEM9A.CONTROLSANDPROCEDU"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 9A. CONTROLS AND PROCEDURES</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">41</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 90%; background-color: rgb(204, 238, 255);">
              <div>
                <div></div>
                <div style="text-align: left;"><a href="#ITEM9B.OTHERINFORMATION"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">ITEM
                        9B. OTHER INFORMATION</font></font></a></div>
              </div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">41</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 90%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 6%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);"><a href="#PARTIII"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman',
                    Times, serif; font-weight: bold;">PART III</font></font></a>
              <div></div>
              <div></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">42</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">
              <div><a href="#ITEM10.DIRECTORSEXECUTIVE"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND
                      CORPORATE GOVERNANCE</font></font></a></div>
              <div></div>
            </td>
            <td style="width: 6%; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">42</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);">
              <div><a href="#ITEM11.EXECUTIVECOMPENSAT"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 11. EXECUTIVE COMPENSATION</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">46</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">
              <div><a href="#ITEM12.SECURITYOWNERSHIPO"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 12. SECURITY OWNERSHIP OF CERTAIN
                      BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS</font></font></a></div>
            </td>
            <td style="width: 6%; text-align: right; background-color: rgb(255, 255, 255);">48</td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);">
              <div><a href="#ITEM13.CERTAINRELATIONSHI"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 13. CERTAIN RELATIONSHIPS AND RELATED
                      TRANSACTIONS, AND DIRECTOR INDEPENDENCE</font></font></a></div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">49</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">
              <div><a href="#ITEM14.PRINCIPALACCOUNTIN"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ITEM 14. PRINCIPAL ACCOUNTING FEES AND
                      SERVICES</font></font></a></div>
              <div></div>
            </td>
            <td style="width: 6%; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">49</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 2%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 90%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 6%; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">
              <div><a href="#PARTIV"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART IV</font></font></a></div>
              <div></div>
            </td>
            <td style="width: 6%; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">50</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(204, 238, 255);"><a href="#ITEM15.EXHIBITSFINANCIALS"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family:
                    'Times New Roman', Times, serif;">ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES</font></font></a><br>
            </td>
            <td rowspan="1" style="width: 6%; text-align: right; background-color: rgb(204, 238, 255);">50</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="2" rowspan="1" style="width: 2%; background-color: rgb(255, 255, 255);"><a href="#ITEM16.FORM10-KSUMMARY"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family:
                    'Times New Roman', Times, serif;">ITEM 16. FORM 10-K SUMMARY</font></font></a><br>
            </td>
            <td rowspan="1" style="width: 6%; text-align: right; background-color: rgb(255, 255, 255);">52</td>
          </tr>

      </table>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"></font></font></div>
    <div>&#160;</div>
    <div> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <!--PROfilePageNumberReset%Num%1%Siebert 2018 Form 10-K %%-->
    <div>&#160;</div>
    <div style="text-align: center; margin-left: 15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART I<a name="PARTI"><!--Anchor--></a></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 1. BUSINESS<a name="ITEM1.BUSINESS"><!--Anchor--></a></font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Overview of Company</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Siebert Financial Corp., a New York corporation, incorporated in 1934, is a holding company that conducts the following
        lines of business through its wholly-owned subsidiaries:</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z19b1d21f594145c4ab6751e50c650e90" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 49.5pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#8226;</font></font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail discount brokerage business through Muriel Siebert &amp; Co., Inc. (&#8220;MSCO&#8221;), a registered broker-dealer;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z847108cfa6b74232b12f967094eb2df7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 49.5pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Investment advisory business through Siebert AdvisorNXT, Inc. (&#8220;AdvisorNXT&#8221;), a Registered Investment Advisor;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z7bea0541aeb545c5abda1bd6601ae501" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 49.5pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Insurance services through Park Wilshire Companies Inc. (&#8220;PWC&#8221;), a licensed insurance agency; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze145d800d7cf42f1a42c6e190e25596e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 49.5pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Robo-advisory technology development through KCA Technologies, LLC. (&#8220;KCAT&#8221;).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For purposes of this Annual Report on Form 10-K, the terms &#8220;Siebert,&#8221; &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us&#8221; and &#8220;our&#8221; refer to Siebert
        Financial Corp., and its subsidiaries collectively, unless the context otherwise requires.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our principal offices are located at 120 Wall Street, New York, New York, 10005, and our phone number is (212) 644-2400.
        Our Internet address is www.siebertnet.com. Our Securities and Exchange Commission (&#8220;SEC&#8221;) filings are available through our website at www.siebertnet.com, where investors are able to obtain copies of our public filings free of charge. Our common
        stock, par value $.01 per share (the &#8220;Common Stock&#8221;) trades on the Nasdaq Capital Market under the symbol &#8220;SIEB.&#8221;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Business</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Muriel Siebert &amp; Co., Inc.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Discount Brokerage and
          Related Services. </font>MSCO became a discount broker on May 1, 1975 and is a member of The New York Stock Exchange, Inc. (&#8220;NYSE&#8221;). In 1998, MSCO began to offer its customers access to their accounts through www.siebertnet.com, its website.
        MSCO&#8217;s focus of its discount brokerage business is to serve retail clients seeking a wide selection of quality investment services, including traditional trading through a broker on the telephone or via the Internet, at commissions that are
        substantially lower than those of full-commission firms. MSCO clears part of its securities transactions on a fully disclosed basis through its affiliate StockCross Financial Services, Inc. (&#8220;StockCross&#8221;). MSCO operates on a month-to-month clearing
        agreement contract with StockCross. MSCO also clears a part of its securities transactions on a fully disclosed basis through National Financial Services Corp. (&#8220;NFS&#8221;), a wholly-owned subsidiary of Fidelity Investments. MSCO had a clearing
        agreement contract with NFS set to expire in July 2017 that was extended on a month-to-month basis.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO serves customers who generally make their own equity investment decisions and seeks to assist its customers in their
        investment decisions by offering a number of value added services, including easy access to account information. MSCO&#8217;s representatives are available to assist customers Monday through Friday and customers also have 24-hour access to MSCO&#8217;s
        services through wireless devices and over the Internet at www.siebertnet.com.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Independent Retail
          Execution Services.</font> MSCO, and its clearing firms, StockCross and NFS, monitor order flow in an effort to ensure that customers are getting the best possible trade executions. MSCO does not make markets in securities, nor does it take
        positions against customer orders.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO&#8217;s equity orders are routed by StockCross and NFS in a manner intended to afford MSCO&#8217;s customers the opportunity for
        price improvement on all orders. MSCO also offers customers execution services through various market centers for an additional fee, providing customers access to numerous market centers before and after regular market hours.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Customers may also indicate online interest in buying or selling fixed income securities, including municipal bonds,
        corporate bonds, mortgage-backed securities, government sponsored enterprises, unit investment trusts or certificates of deposit. These transactions are serviced by MSCO&#8217;s registered representatives.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Retail Customer Service.</font>
        MSCO believes that its superior customer service enhances its ability to compete with larger discount brokerage firms and provides retail customers with personal service via toll-free access to dedicated customer service personnel for all of its
        products and services. Customer service personnel are located in each of MSCO&#8217;s offices. MSCO has 12 retail offices and uses a variety of customer relationship management systems that enables representatives, no matter where located, to view a
        customer&#8217;s requests. MSCO&#8217;s telephone system permits the automatic routing of calls to the next available qualified agent having the appropriate skill set.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 1</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Retirement Accounts. </font>MSCO









        offers customers a variety of self-directed retirement accounts. Custodial services are provided through StockCross and an affiliate of NFS, the firm&#8217;s clearing agents, who also serve as trustees for such accounts. Each IRA, SEP IRA, ROTH IRA,
        401(k) and KEOGH account can be invested in mutual funds, stocks, bonds and other investments in a consolidated account.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Customer Financing. </font>Customer









        margin accounts are carried through StockCross and NFS who lend customers a portion of the market value of certain securities held in the customer&#8217;s account. Margin loans are collateralized by these securities. Customers also may sell securities
        short in a margin account, subject to minimum equity and applicable margin requirements, and the availability of such securities to be borrowed. In permitting customers to engage in margin financing, short sale or any other transaction, MSCO
        assumes the risk of its customers&#8217; failure to meet their obligations in the event of adverse changes in the market value of the securities positions. MSCO, StockCross, and NFS reserve the right to set margin requirements higher than those
        established by the Federal Reserve System.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO has established policies with respect to maximum purchase commitments for new customers or customers with inadequate
        collateral to support a requested purchase. Managers have some flexibility in the allowance of certain transactions. When transactions occur outside normal guidelines, MSCO monitors accounts closely until their payment obligations are completed; if
        the customer does not meet the commitment, MSCO takes steps to close out the position and minimize any loss. In the last five years, MSCO has not had any significant losses as a result of customers failing to meet commitments.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Information and
          Communications Systems.</font> MSCO relies heavily on the data technology platform provided by its clearing agents, StockCross and NFS. These platforms offer interfaces to StockCross&#8217; and NFS&#8217; service provider&#8217;s mainframe computing system where
        all customer account records are kept and are accessible through MSCO&#8217;s data technology platform. MSCO&#8217;s systems also utilize browser-based access and other types of data communications. MSCO&#8217;s representatives use NFS systems, by way of MSCO&#8217;s data
        technology platform, to perform daily operational functions which include trade entry, trade reporting, clearing-related activities, risk management and account maintenance.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO&#8217;s data technology platform offers services used in direct relation to customer activities as well as support for
        corporate use. Some of these services include email and messaging, market data systems and third party trading systems, business productivity tools and customer relationship management systems. MSCO&#8217;s data network is designed with redundancies in
        case a significant business disruption occurs.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO&#8217;s voice network offers a call center feature that can route and queue calls for certain departments within the
        organization. Additionally, the system&#8217;s call manager offers reporting and tracking features which enable staff to determine how calls are being managed, such as time on hold, call duration and total calls by agent.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">To ensure reliability and to conform to regulatory requirements related to business continuity, MSCO maintains backup
        systems and backup data, leverages cloud-based technology, and has a full-time offsite disaster recovery site to ensure business continuity during a potential wide-spread disruption. However, despite the preventive and protective measures in place,
        in the event of a wide-spread disruption, MSCO&#8217;s ability to satisfy the obligations to customers and other securities firms may be significantly hampered or completely disrupted. For more information regarding our Business Continuity Plan, please
        review the Business Continuity Statement on our website.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Siebert AdvisorNXT, Inc.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">During the first quarter of 2018, AdvisorNXT started the preliminary rollout of its Robo-Advisor, its proprietary
        robo-advisory technology which utilizes trading algorithms initially developed by KCAT. The Robo-Advisor will provide clients with cost-efficient, competitively priced, automated wealth management solutions intended to maximize portfolio returns
        based on their specific risk tolerance. The platform utilizes Nobel Prize-winning Modern Portfolio Theory (&#8220;MPT&#8221;) to create optimal portfolios for each client. AdvisorNXT will provide web- and smartphone-based tools to enable clients to monitor and
        interact with the Robo-Advisor&#8217;s automated portfolio manager application. In addition, clients who opt for the &#8220;Premier&#8221; line of service will also have access to traditional wealth managers to supplement the Robo-Advisor where appropriate.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MPT was developed by the economist Harry Markowitz and optimizes expected portfolio returns for specific levels of risk.
        The technique is referred to as Mean Variance Optimization and requires a series of calculations in which all possible combinations of potential asset classes are evaluated to determine the optimal blend of allocations for each individual client.
        Due to the complexity of the analysis, services like this have historically only been available to clients with large account balances who were willing to pay high fees. By combining state-of-the-art technology with rigorous quantitative research,
        AdvisorNXT intends to provide the same quality of service to clients with smaller account sizes at a lower cost.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 2</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Robo-Advisor selects low-cost, well-managed, exchange-traded funds (&#8220;ETFs&#8221;) and exchange-traded notes (&#8220;ETNs&#8221;) that
        represent the asset classes that will provide clients the necessary risk-adjusted exposure given current market conditions. In order to determine a client&#8217;s risk tolerance, a prospective client answers a series of objective questions posed in the
        form of an interactive digital interview. Once a client&#8217;s risk tolerance is determined, the Robo-Advisor&#8217;s algorithm utilizes MPT to create a theoretically optimal allocation across a diverse selection of asset classes, thus tailoring a portfolio
        to a client&#8217;s specific investment objectives and risk tolerance. The Robo-Advisor will continuously monitor and periodically rebalance portfolios to address changes in market and economic conditions. The Robo-Advisor is currently in beta testing
        with an anticipated full launch by mid-2019.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Client Service and Support</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We provide retail customers with personal service via toll-free access to dedicated customer service personnel for all of
        our products and services. Customer service personnel are located in all of our 12 retail offices across the country.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We use a variety of customer relationship management systems and utilize telephone routing systems to direct customers to
        the first available customer service representative regardless of office location to reduce wait times. We serve our customers through our phone and in-person outlets, and customers can access their account information and retrieve various forms on
        our website.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Cybersecurity</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cybersecurity presents significant challenges to the business community in general, as well as to the financial services
        industry. Increasingly, bad actors, both domestically and internationally, attempt to steal personal data and/or interrupt the normal functioning of businesses through accessing individuals&#8217; and companies&#8217; files and equipment connected to the
        Internet. Recently, intruders have become increasingly sophisticated and use deceptive methods to steal funds and personally identifiable information which they either take for their own purposes, release to the Internet, or hold for ransom.
        Regulators are increasingly requiring companies to provide more advanced levels of cybersecurity measures. We continue to maintain systems and ongoing planning measures to prevent any such attack from disrupting our services to clients as well as
        to prevent any loss of data concerning our clients, their financial affairs, and company-privileged information. We contract cybersecurity consultants as well as other vendors to oversee detection and defense from such attacks. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Please see Item 1A. Risk Factors - &#8220;We may be exposed to damage to our business or our reputation by cybersecurity breaches&#8221; for additional detail.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Acquisitions</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">KCAT.</font> In August
        2018, we acquired all of the issued and outstanding membership interests of KCAT from Kennedy Cabot Acquisition, LLC (&#8220;KCA&#8221;). KCAT is a technology company initially tasked with developing a sophisticated Robo-Advisor for AdvisorNXT. With the
        acquisition of KCAT, we expanded our products and services by offering a Robo-Advisor that provides clients with an automated wealth management solution intended to maximize portfolio returns based on a client&#8217;s specific risk tolerance. The
        Robo-Advisor is currently in beta testing with an anticipated full launch by mid-2019.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PWC. </font>In March
        2018, we acquired all of the issued and outstanding shares of PWC from three related parties. Our acquisition of PWC has expanded our product offering to include various insurance products such as fixed annuities and property and casualty
        insurance.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">StockCross Retail Assets.</font>
        In December 2017, we acquired approximately $4 billion in assets and an experienced nationwide sales force from StockCross (&#8220;StockCross Retail Assets&#8221;), all of which became part of MSCO. The financial impact from the transaction increased our
        revenue and net income, and from an operations perspective, we integrated StockCross&#8217; sales force as well as technology and back office functions into MSCO.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Key Events</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Joining Russell 3000.</font>
        In June 2018, Siebert joined the broad-market Russell 3000&#174; Index. The Russell 3000&#174; Index captures the 4,000 largest U.S. stocks and ranks them by total market capitalization. Russell U.S. indices are widely used by investment managers and
        institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell U.S. Indices.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 3</font></div>
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    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Recent Developments</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As reported in our Annual Report on Form-10K for the year ended December 31, 2017, we initiated an advertising agreement
        with Overstock.com, Inc. and its affiliates in February 2018. In January 2019, Siebert&#8217;s relationship with Overstock.com, Inc. and its affiliates was terminated.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Competition</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We encounter significant competition from full-commission, online and discount brokerage firms, as well as from financial
        institutions, mutual fund sponsors and other organizations. Although there has been consolidation in the industry in both the online and traditional brokerage business during recent years, we believe that additional competitors such as banks,
        insurance companies, providers of online financial and information services, and others will continue to be attracted to the brokerage industry. We compete with a wide variety of vendors of financial services for the same customers; however, we
        believe that our main competitive advantages are high quality customer service, responsiveness, cost and products offered, and excellent executions.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Regulation</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The securities industry in the United States (&#8220;U.S.&#8221;) is subject to extensive regulation under both federal and state
        laws. The SEC is the federal agency charged with administration of the federal securities laws. MSCO is registered as a broker-dealer with the SEC, and is a member of the NYSE and the Financial Industry Regulatory Authority (&#8220;FINRA&#8221;). Much of the
        regulation of broker-dealers has been delegated to self-regulatory organizations (&#8220;SROs&#8221;), principally FINRA and national securities exchanges such as the NYSE, which is MSCO&#8217;s primary regulator with respect to financial and operational compliance.
        These SROs adopt rules (subject to approval by the SEC) governing the industry and conduct periodic examinations of broker-dealers. Securities firms are also subject to regulation by state securities authorities in the states in which they do
        business. MSCO is registered as a broker-dealer in 50 states, the District of Columbia, and Puerto Rico. These regulations affect our business operations and impose capital, client protection, and market conduct requirements.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As a result of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 (&#8220;Dodd-Frank&#8221;), the
        adoption of implementing regulations by the federal regulatory agencies as well as other recent regulatory reforms, we have experienced significant changes in the laws and regulations that apply to us, how we are regulated, and regulatory
        expectations in the areas of compliance, risk management, corporate governance, operations, capital and liquidity.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The principal purpose of regulation and discipline of broker-dealers is the protection of customers and the securities
        markets. The regulations to which broker-dealers are subject cover all aspects of the securities business, including training of personnel, sales methods, trading practices among broker-dealers, uses and safekeeping of customers&#8217; funds and
        securities, capital structure of securities firms, record keeping, fee arrangements, disclosure to clients, and the conduct of directors, officers and employees. Additional legislation, changes in rules promulgated by the SEC and by SROs or changes
        in the interpretation or enforcement of existing laws and rules may directly affect the method of operation and profitability of broker-dealers. The SEC, SROs and state securities authorities may conduct administrative proceedings which can result
        in censure, fine, cease and desist orders or suspension or expulsion of a broker-dealer, its officers or its employees.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As a registered broker-dealer and FINRA member organization, MSCO is required by federal law to belong to the Securities
        Investor Protection Corporation (&#8220;SIPC&#8221;) which provides, in the event of the liquidation of a broker-dealer, protection for securities held in customer accounts held by the firm of up to $500,000 per customer, subject to a limitation of $250,000 on
        claims for cash balances. SIPC is principally funded through assessments on registered broker-dealers. In addition, one of MSCO&#8217;s clearing firms, NFS, has purchased from private insurers additional account protection in the amount of $1 billion in
        the event of liquidation up to the net asset value, as defined, of each account. MSCO&#8217;s affiliated clearing firm, StockCross, maintains $50 million additional account protection above SIPC coverage. Equities, bonds, mutual funds and money market
        funds are included at net asset value for purposes of SIPC protection and the additional protection. Neither SIPC protection nor the additional protection insures against fluctuations in the market value of securities.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO is also authorized by the Municipal Securities Rulemaking Board (&#8220;MSRB&#8221;) to affect transactions in municipal
        securities on behalf of its customers and has obtained certain additional registrations with the SEC and state regulatory agencies necessary to permit it to engage in certain other activities incidental to its brokerage business.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Margin lending activities are subject to limitations imposed by regulations of the Federal Reserve System and FINRA. In
        general, these regulations provide that, in the event of a significant decline in the value of securities collateralizing a margin account, we are required to obtain additional collateral from the borrower or liquidate securities positions. Margin
        lending arranged by MSCO through third parties is subject to the margin rules of the Board of Governors of the Federal Reserve System and the NYSE. Under such rules, broker-dealers are limited in the amount they may lend in connection with certain
        purchases and short sales of securities and are also required to impose certain maintenance requirements on the amount of securities and cash held in margin accounts. In addition, those rules and rules of the Chicago Board Options Exchange govern
        the amount of margin customers must provide and maintain in writing uncovered options.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 4</font></div>
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    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">AdvisorNXT is registered with the SEC as an investment advisor pursuant to the Investment Advisers Act of 1940, as amended
        (&#8220;Advisers Act&#8221;). The Advisers Act, together with the SEC&#8217;s regulations and interpretations thereunder, is a highly prescriptive regulatory statute. The SEC is authorized to institute proceedings and impose sanctions for violations of the Advisers
        Act, ranging from fines and censures to termination of an advisor&#8217;s registration and, in the case of willful violations, can refer a matter to the Unites States Department of Justice for criminal prosecution.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Under the Advisers Act, an investment advisor (whether or not registered under the Advisers Act) owes fiduciary duties to
        its clients. These duties impose standards, requirements and limitations on, among other things, trading for proprietary, personal and client accounts; allocations of investment opportunities among clients; use of &#8220;soft dollar arrangements,&#8221; a
        practice that involves using client brokerage commissions to purchase research or other services that help managers make investment decisions; execution of transactions; and recommendations to clients.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As a registered investment advisor (&#8220;RIA&#8221;), AdvisorNXT is subject to additional requirements that cover, among other
        things, disclosure of information about its business to clients; maintenance of written policies and procedures; maintenance of extensive books and records; restrictions on the types of fees AdvisorNXT may charge; custody of client assets; client
        privacy; advertising; and solicitation of clients. The SEC has legal authority to inspect any investment advisor and typically inspects an RIA periodically to determine whether the advisor is conducting its activities in compliance with (i)
        applicable laws and regulations, (ii) disclosures made to clients and (iii) adequate systems, policies and procedures reasonably designed to prevent and detect violations.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Section 28(e) of the Exchange Act provides a &#8220;safe harbor&#8221; to investment managers who use commission dollars generated by
        their advised accounts to obtain investment research and brokerage services that provide lawful and appropriate assistance to the manager in the performance of investment decision-making responsibilities. AdvisorNXT, as a matter of policy, does not
        use &#8220;soft dollars&#8221; and as such, it has no incentive to select or recommend a broker or dealer based on any interest in receiving research or related services. Rather, as a fiduciary, AdvisorNXT selects brokers based on its clients&#8217; interests in
        receiving best execution.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">AdvisorNXT conducts financial services activities that are subject to the Bank Secrecy Act of 1970 (&#8220;BSA&#8221;), as amended by
        the USA PATRIOT Act of 2001 (&#8220;PATRIOT Act&#8221;), which require financial institutions to develop and implement programs reasonably designed to achieve compliance with these regulations. The BSA and PATRIOT Act include a variety of monitoring,
        recordkeeping and reporting requirements (such as currency transaction reporting and suspicious activity reporting) as well as identity verification and client due diligence requirements, which are intended to detect, report and/or prevent money
        laundering, and the financing of terrorism. In addition, AdvisorNXT is subject to U.S. sanctions programs administered by the Office of Foreign Assets Control.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Net Capital and Best Execution</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As a registered broker-dealer, MSCO is subject to the requirements of the Exchange Act relating to broker-dealers,
        including, among other things, minimum net capital requirements under the SEC Uniform Net Capital Rule (Rule 15c3-1), &#8220;best execution&#8221; requirements for client trades under SEC guidelines and FINRA rules and segregation of fully paid client funds
        and securities under the SEC Customer Protection Rule (Rule 15c3-3), administered by the SEC and FINRA.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net capital rules are designed to protect clients, counterparties and creditors by requiring a broker-dealer to have
        sufficient liquid resources available to satisfy its financial obligations. Net capital is a measure of a broker-dealer&#8217;s readily available liquid assets, reduced by its total liabilities other than approved subordinated debt. Under the SEC Uniform
        Net Capital Rule, a broker-dealer may not repay any subordinated borrowings, pay cash dividends or make any unsecured advances or loans to its parent company or employees if such payment would result in a net capital amount below required levels.
        Failure to maintain the required regulatory net capital may subject a firm to suspension or expulsion by the NYSE or FINRA, as well as certain punitive actions by the SEC and other regulatory bodies, which ultimately could require a firm&#8217;s
        liquidation.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Under applicable regulations, MSCO is required to maintain regulatory net capital of at least $250,000. As of December 31,
        2018 and December 31, 2017, MSCO had net capital of approximately $8.9 million and $4.4 million, respectively.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As explained in SEC guidelines and FINRA rules, brokers are required to seek the &#8220;best execution&#8221; reasonably available for
        their clients&#8217; orders. In part, this requires brokers to use reasonable diligence so that the price to the client is as favorable as possible under prevailing market conditions. MSCO sends client orders to a number of market centers, including
        market makers and exchanges, which encourages competition and ensures redundancy. For non-directed client orders, it is our policy to route orders to market centers based on a number of factors that are more fully discussed in the Supplemental
        Materials of FINRA Rule 5310, including, where applicable, but not necessarily limited to, speed of execution, price improvement opportunities, differences in price disimprovement, likelihood of executions, the marketability of the order, size
        guarantees, service levels and support, the reliability of order handling systems, client needs and expectations, transaction costs, and whether the firm will receive remuneration for routing order flow to such market centers. Price improvement is
        available under certain market conditions and for certain order types and MSCO regularly monitors executions to test for such improvement if available.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 5</font></div>
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    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Employees</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As of March 26, 2019, we had 76 employees, one of whom was a corporate officer. None of our employees are represented by a
        union, and we believe that relations with our employees are good.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Historical Development</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Change in Control.</font>
        In December 2016, pursuant to the terms of an acquisition agreement, dated September 1, 2016 (the &#8220;Acquisition Agreement&#8221;), by and among the Company, KCA, a Nevada limited liability company and the Estate of Muriel F. Siebert (the &#8220;Majority
        Shareholder&#8221;), KCA acquired 677,283 shares of Common Stock in a cash tender offer (the &#8220;Tender Offer Shares&#8221;) and 19,310,000 shares of Common Stock owned by the Majority Shareholder (the &#8220;Majority Shares&#8221;). As a result of the acquisition of the
        Tender Offer Shares and Majority Shares, effective December 16, 2016, KCA became the owner of 19,987,283 shares of Common Stock representing approximately 90% of the Company&#8217;s outstanding Common Stock. <font style="font-size: 10pt; font-family:
          'Times New Roman', Times, serif; font-style: italic;">Please see Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters for updated share amounts as of March 26, 2019.</font></font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 6</font></div>
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    </div>
    <div></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 1A. RISK FACTORS<a name="ITEM1A.RISKFACTORS"><!--Anchor--></a></font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Securities market volatility and other securities industry risk could adversely affect our business.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Most of our revenues are derived from our securities brokerage business. Like other businesses operating in the securities
        industry, our business is directly affected by volatile trading markets, fluctuations in the volume of market activity, economic and political conditions, upward and downward trends in business and finance at large, legislation and regulation
        affecting the national and international business and financial communities, currency values, inflation, market conditions, the availability and cost of short-term or long-term funding and capital, the credit capacity or perceived credit-worthiness
        of the securities industry in the marketplace and the level and volatility of interest rates. We also face risks relating to losses resulting from the ownership of securities, counterparty failure to meet commitments, customer fraud, employee
        fraud, issuer fraud, errors and misconduct, failures in connection with the processing of securities transactions and litigation. A reduction in our revenues or a loss resulting from our ownership of securities or sales or trading of securities
        could have a material adverse effect on our business, results of operations and financial condition. In addition, as a result of these risks, our revenues and operating results may be subject to significant fluctuations from quarter to quarter and
        from year to year.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Lower price levels in the securities markets may reduce our profitability.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Lower price levels of securities may result in (i) reduced volumes of securities, options and futures transactions, with a
        consequent reduction in our commission revenues, and (ii) losses from declines in the market value of securities we hold in investment. In periods of low volume, our levels of profitability are further adversely affected because certain of our
        expenses remain relatively fixed. Sudden sharp declines in market values of securities and the failure of issuers and counterparties to perform their obligations can result in illiquid markets which, in turn, may result in our having difficulty
        selling securities. Such negative market conditions, if prolonged, may lower our revenues. A reduction in our revenues could have a material adverse effect on our business, results of operations and financial condition.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">There is intense competition in the brokerage industry.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We encounter significant competition from full-commission, online and other discount brokerage firms, as well as from
        financial institutions, mutual fund sponsors and other organizations many of which are significantly larger and better capitalized than we are. Over the past several years, price wars and lower commission rates in the discount brokerage business in
        general have strengthened our competitors. We believe that such changes in the industry will continue to strengthen existing competitors and attract additional competitors such as banks, insurance companies, providers of online financial and
        information services, and others. Many of these competitors are larger, more diversified, have greater capital resources, and offer a wider range of services and financial products than we do. We compete with a wide variety of vendors of financial
        services for the same customers. We may not be able to compete effectively with current or future competitors.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Some competitors in the discount brokerage business offer services which we may not offer. In addition, some competitors
        have continued to offer flat rate execution fees that are lower than some of our published rates. Industry-wide changes in trading practices are expected to cause continuing pressure on fees earned by discount brokers for the sale of order flow.
        Continued or increased competition from ultra-low cost, flat-fee brokers and broader service offerings from other discount brokers could limit our growth or lead to a decline in our customer base which would adversely affect our business, results
        of operations and financial condition.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Failure to protect client data or prevent breaches of our information systems could expose us to
        liability or reputational damage.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We are dependent on information technology networks and systems to securely process, transmit and store electronic
        information and to communicate among our locations and with our clients and vendors. As the breadth and complexity of this infrastructure continues to grow, the potential risk of security breaches and cyber-attacks increases. As a financial
        services company, we are continuously subject to cyber-attacks by third parties. Any such security breach could lead to shutdowns or disruptions of our systems and potential unauthorized disclosure of confidential information. In addition,
        vulnerabilities of our external service providers and other third parties could pose security risks to client information. The secure transmission of confidential information over public networks is also a critical element of our operations.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In providing services to clients, we manage, utilize and store sensitive and confidential client data, including personal
        data. As a result, we are subject to numerous laws and regulations designed to protect this information, such as U.S. federal and state laws governing the protection of personally identifiable information. These laws and regulations are increasing
        in complexity and number, change frequently and sometimes conflict. If any person, including any of our employees, negligently disregards or intentionally breaches our established controls with respect to client data, or otherwise mismanages or
        misappropriates that data, we could be subject to significant monetary damages, regulatory enforcement actions, fines and/or criminal prosecution in one or more jurisdictions. Unauthorized disclosure of sensitive or confidential client data,
        whether through systems failure, employee negligence, fraud or misappropriation, could damage our reputation and cause us to lose clients. Similarly, unauthorized access to or through our information systems, whether by our employees or third
        parties, including a cyber-attack by third parties who may deploy viruses, worms or other malicious software programs, could result in negative publicity, significant remediation costs, legal liability, and damage to our reputation and could have a
        material adverse effect on our results of operations. In addition, our liability insurance might not be sufficient in type or amount to cover us against claims related to security breaches, cyber-attacks and other related breaches.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 7</font></div>
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    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">We may be exposed to damage to our business or our reputation by cybersecurity breaches.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As the world becomes more interconnected through the use of the Internet and users rely more extensively on the Internet
        and the cloud for the transmission and storage of data, such information becomes more susceptible to incursion by hackers and other parties intent on stealing or destroying data on which we or our customers rely. We face an evolving landscape of
        cybersecurity threats in which hackers use a complex array of means to perpetrate cyber-attacks, including the use of stolen access credentials, malware, ransomware, phishing, structured query language injection attacks, and distributed
        denial-of-service attacks, among other means. These cybersecurity incidents have increased in number and severity and it is expected that these trends will continue. Should we be affected by such an incident, we may incur substantial costs and
        suffer other negative consequences, which may include:</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z02fe52c5473f4f7a94ac5fe9c4f24a3c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

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              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Remediation costs, such as liability for stolen assets or information, repairs of system damage, and incentives to customers or
                  business partners in an effort to maintain relationships after an attack;</font></div>
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              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Increased cybersecurity protection costs, which may include the costs of making organizational changes, deploying additional
                  personnel and protection technologies, training employees, and engaging third party experts and consultants;</font></div>
            </td>
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      </table>
    </div>
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      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="za2734eae0b82447482cb055ce10f3140" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

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            </td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Lost revenues resulting from the unauthorized use of proprietary information or the failure to retain or attract customers
                  following an attack;</font></div>
            </td>
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      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z1301f801f7ca40448c6b47cbd1806551" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

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            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Litigation and legal risks, including regulatory actions by state and federal regulators; and</font></div>
            </td>
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      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zc39ece92513a48b090f1274782cece27" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Loss of reputation.</font></div>
            </td>
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      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Increasingly, intruders attempt to steal significant amounts of data, including personally identifiable data and either
        hold such data for ransom or release it onto the Internet, exposing our clients to financial or other harm and thereby significantly increasing our liability in such cases. Our regulators have introduced programs to review our protections against
        such incidents which, if they determined that our systems do not reasonably protect our clients&#8217; assets and their data, could result in enforcement activity and sanctions.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We have and continue to introduce systems and software to prevent any such incidents and review and increase our defenses
        to such issues through the use of various services, programs and outside vendors. We contract cybersecurity consultants and also review and revise our cybersecurity policy to ensure that it remains up to date. In the event that we experience a
        material cybersecurity incident or identify a material cybersecurity threat, we will make all reasonable efforts to properly disclose it in a timely fashion. It is impossible, however, for us to know when or if such incidents may arise or the
        business impact of any such incident.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As a result of such risks, we have and are likely to incur significant costs in preparing our infrastructure and
        maintaining it to resist any such attacks.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Our advisory services subject us to additional risks.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We have provided investment advisory services to investors in the past. Through our RIA, AdvisorNXT, we will offer
        robo-advisory and investment services. The risks associated with these investment advisory activities include those arising from possible conflicts of interest, unsuitable investment recommendations, inadequate due diligence, inadequate disclosure
        and fraud. Realization of these risks could lead to liability for client losses, regulatory fines, civil penalties and harm to our reputation and business.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">We are subject to extensive government regulation.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our business is subject to extensive regulation in the U.S., at both the federal and state level. We are also subject to
        regulation by SROs and other regulatory bodies in the U.S., such as the SEC, the NYSE, FINRA and the MSRB. MSCO is registered as a broker-dealer in 50 states, the District of Columbia, and Puerto Rico. The regulations to which MSCO is subject as a
        broker-dealer cover all aspects of the securities business including: training of personnel, sales methods, trading practices, uses and safe keeping of customers&#8217; funds and securities, capital structure, record keeping, fee arrangements, disclosure
        and the conduct of directors, officers and employees.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 8</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">AdvisorNXT is registered as an investment advisor with the SEC under the Advisers Act, and its business is highly
        regulated. The Advisers Act imposes numerous obligations on RIAs, including fiduciary, record keeping, operational and disclosure obligations. Moreover, the Advisers Act grants broad administrative powers to regulatory agencies such as the SEC to
        regulate investment advisory businesses. If the SEC or other government agencies believe that AdvisorNXT has failed to comply with applicable laws or regulations, these agencies have the power to impose fines, suspensions of a registrant and
        individual employees or other sanctions, which could include revocation of AdvisorNXT&#8217;s registration under the Advisers Act. AdvisorNXT is also subject to the provisions and regulations of the Employee Retirement Income Security Act of 1974
        (&#8220;ERISA&#8221;), to the extent that AdvisorNXT acts as a &#8220;fiduciary&#8221; under ERISA with respect to certain of its clients. ERISA and the applicable provisions of the federal tax laws, impose a number of duties on persons who are fiduciaries under ERISA and
        prohibit certain transactions involving the assets of each ERISA plan which is a client, as well as certain transactions by the fiduciaries (and certain other related parties) to such plans. Additionally, like other investment advisors, AdvisorNXT
        also faces the risks of lawsuits by clients. The outcome of regulatory proceedings and lawsuits is uncertain and difficult to predict. An adverse resolution of any regulatory proceeding or lawsuit against AdvisorNXT could result in substantial
        costs or reputational harm to AdvisorNXT and, therefore, could have an adverse effect on the ability of AdvisorNXT to retain key investment advisors and wealth managers, and to retain existing clients or attract new clients, any of which could have
        a material adverse effect on our business, financial condition, results of operations and prospects.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The laws, rules and regulations, as well as governmental policies and accounting principles, governing our business and
        the financial services and banking industries generally have changed significantly over recent years and are expected to continue to do so. We cannot predict which changes in laws, rules, regulations, governmental policies or accounting principles
        will be adopted. Any changes in the laws, rules, regulations, governmental policies or accounting principles relating to our business could materially and adversely affect our business, results of operations and financial condition.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Legislation has and may continue to result in changes to rules and regulations applicable to our
        business, which may negatively impact our business and financial results.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Dodd-Frank Act, enacted in 2010, requires many federal agencies to adopt new rules and regulations applicable to the
        financial services industry and also calls for many studies regarding various industry practices. In particular, the Dodd-Frank Act gives the SEC discretion to adopt rules regarding standards of conduct for broker-dealers providing investment
        advice to retail customers. The U.S. Department of Labor (&#8220;DOL&#8221;) has enacted regulations changing the definition of who is an investment advice fiduciary under ERISA and how such advice can be provided to account holders in retirement accounts such
        as 401(k) plans and IRAs. The DOL regulations will deem many of the investment, rollover and asset management recommendations from us to our clients regarding their retirement accounts fiduciary &#8220;investment advice&#8221; under ERISA. One of the most
        significant impacts on our business from the DOL regulations and related prohibited transaction exemptions will be the impact on our fee and compensation practices. For example, the regulations make investment advisors to retirement account clients
        subject to an ERISA fiduciary duty standard and the exemptions seek to reduce conflicts of interest stemming from fee differentials and compensation incentives that could lead to a misalignment of the interests of advisors and their retirement
        investor clients. The exemptions, when used, will also require certain new client contracts, adherence to &#8220;impartial conduct standards&#8221; (including a requirement to act in the &#8220;best interest&#8221; of retirement clients when providing investment advice),
        the adoption of related policies and procedures and the making of extensive website and other disclosures to retirement investors and the DOL. One way to comply is to use the best interest contract exemption in connection with certain advice
        activities, which will subject us to an increased risk of class actions and other litigation and regulatory risks. Additional rulemaking or legislative action could negatively impact our business and financial results. While we have not yet been
        required to make other material changes to our business or operations as a result of the Dodd-Frank Act or other rulemaking or legislative action, it is not certain what the scope of future rulemaking or interpretive guidance from the SEC, FINRA,
        DOL, banking regulators and other regulatory agencies may be, how the courts and regulators might interpret these rules and what impact this will have on our compliance costs, business, operations and profitability.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our profitability could also be affected by new or modified laws that impact the business and financial communities
        generally, including changes to the laws governing banking, the securities market, fiduciary duties, conflicts of interest, taxation, electronic commerce, client privacy and security of client data.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">We are subject to net capital requirements.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The SEC, FINRA, and various other securities and commodities exchanges and other regulatory bodies in the U.S. have rules
        with respect to net capital requirements which affect us. These rules have the effect of requiring that at least a substantial portion of a broker-dealer&#8217;s assets be kept in cash or highly liquid investments. Our compliance with the net capital
        requirements could limit operations that require intensive use of capital, such as underwriting or trading activities. These rules could also restrict our ability to withdraw our capital, even in circumstances where we have more than the minimum
        amount of required capital, which, in turn, could limit our ability to implement growth strategies. In addition, a change in such rules, or the imposition of new rules, affecting the scope, coverage, calculation or amount of such net capital
        requirements, or a significant operating loss or any unusually large charge against net capital, could have similar adverse effects.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 9</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
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    </div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Our customers may fail to pay us.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">A principal credit risk to which we are exposed on a regular basis is that our customers may fail to pay for their
        purchases or fail to maintain the minimum required collateral for amounts borrowed against securities positions maintained by them. We cannot assure you that our practices and/or the policies and procedures we have established will be adequate to
        prevent a significant credit loss.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">An increase in volume on our systems or other events could cause them to malfunction.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Most of our trade orders are received and processed electronically. This method of trading is heavily dependent on the
        integrity of the electronic systems supporting it. While we have never experienced a significant failure of our trading systems, heavy stress placed on our systems during peak trading times could cause our systems to operate at unacceptably low
        speeds or fail altogether. Any significant degradation or failure of our systems or the systems of third parties involved in the trading process (e.g., online and Internet service providers, record keeping and data processing functions performed by
        third parties, and third party software), even for a short time, could cause customers to suffer delays in trading. These delays could cause substantial losses for customers and could subject us to claims from these customers for losses. There can
        be no assurance that our network structure will operate appropriately in the event of a subsystem, component or software failure. In addition, we cannot assure you that we will be able to prevent an extended systems failure in the event of a power
        or telecommunications failure, an earthquake, terrorist attack, fire or any act of God. Any systems failure that causes interruptions in our operations could have a material adverse effect on our business, financial condition and operating results.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">We rely on information processing and communications systems to process and record our transactions.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our operations rely heavily on information processing and communications systems. Our system for processing securities
        transactions is highly automated. Failure of our information processing or communications systems for a significant period of time could limit our ability to process a large volume of transactions accurately and rapidly. This could cause us to be
        unable to satisfy our obligations to customers and other securities firms, and could result in regulatory violations. External events, such as an earthquake, terrorist attack or power failure, loss of external information feeds, such as security
        price information, as well as internal malfunctions such as those that could occur during the implementation of system modifications, could render part or all of these systems inoperative.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Rapid market or technological changes may render our technology obsolete or decrease the attractiveness
        of our products and services to our clients.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We must continue to enhance and improve our technology and electronic services. The electronic financial services industry
        is characterized by significant structural changes, increasingly complex systems and infrastructures, changes in clients&#8217; needs and preferences, and new business models. If new industry standards and practices emerge and our competitors release new
        technology before us, our existing technology, systems and electronic trading services may become obsolete or our existing business may be harmed.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our future success will depend on our ability to:</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zd6d8c9921a974278a87c60187a0867f8" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Enhance our existing products and services;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zbf62615344f84edfa0a98278bd326b5b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Develop and/or license new products and technologies that address the increasingly sophisticated and varied needs of our clients
                  and prospective clients;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z55922daf5b524f31b5cb237a9f956ad0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Continue to attract highly-skilled technology personnel; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zf4f7d48e82af40b2af035d65848fbf55" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Respond to technological advances and emerging industry standards and practices on a cost-effective and timely basis.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Developing our electronic services, our implementation and utilization of AdvisorNXT&#8217;s Robo-Advisor and other technology
        entails significant technical and business risks. We may use new technologies ineffectively or we may fail to adapt our electronic trading platform, information databases and network infrastructure to client requirements or emerging industry
        standards. If we face material delays in introducing new services, products and enhancements, our clients may forego the use of our products and use those of our competitors.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Further, the adoption of new Internet, networking or telecommunications technologies may require us to devote substantial
        resources to modify and adapt our services. We cannot assure you that we will be able to successfully implement new technologies or adapt our proprietary technology and transaction-processing systems to client requirements or emerging industry
        standards. We cannot assure you that we will be able to respond in a timely manner to changing market conditions or client requirements.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 10</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">We depend on our ability to attract and retain key personnel.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We are dependent upon our new and continuing senior management for our success and the loss of the services of any of
        these individuals could significantly harm our business, financial condition and operating results.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">We may be unable to realize the anticipated benefits of our cost cutting efforts or it may take longer
        than anticipated for us to realize any benefits from increased cost efficiencies or economies of scale, if at all.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our realization of the benefits anticipated as a result of cost cutting efforts and other business efforts and changes
        will depend in part on the ability of our management team, to implement our business plan. We cannot assure shareholders that there will not be substantial costs associated with these activities, our new products or other negative consequences as a
        result of these changes. These effects, including, but not limited to, incurring unexpected costs or delays in connection with implementation of a modified business model, or the failure of our business to perform as expected, could harm our
        results of operations.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Our principal shareholder has the ability to control key decisions submitted to a vote of our
        shareholders.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Gloria E. Gebbia, who is a director of the Company, and the managing member of KCA, has along with other family members,
        the power to elect the entire Board of Directors and, except as otherwise provided by law or our Certificate of Incorporation or by-laws, to approve any action requiring shareholder approval without a shareholders meeting.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">There may be no public market for our Common Stock.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Only 7,095,106 shares of Common Stock, or approximately 26.1% of our shares of Common Stock outstanding, are currently
        held by the public as of March 26, 2019. Although our Common Stock is traded on the Nasdaq Capital Market, there can be no assurance that an active public market will continue.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Our future ability to pay dividends to holders of our Common Stock is subject to the discretion of our
        Board of Directors and will be limited by our ability to generate sufficient earnings and cash flows.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Payment of future cash dividends on our Common Stock will depend on our ability to generate earnings and cash flows.
        However, sufficient cash may not be available to pay such dividends. Payment of future dividends, if any, will be at the discretion of our Board of Directors and will depend upon a number of factors that the Board of Directors deems relevant,
        including future earnings, the success of our business activities, capital requirements, the general financial condition and future prospects of our business and general business conditions. If we are unable to generate sufficient earnings and cash
        flows from our business, we may not be able to pay dividends on our Common Stock.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our ability to pay cash dividends on our Common Stock is also dependent on the ability of our subsidiaries to pay
        dividends to the Company. MSCO is subject to requirements of the SEC and FINRA relating to liquidity, capital standards and the use of client funds and securities, which may limit funds available for the payment of dividends to the Company.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Potential strategic acquisitions and other business growth could increase costs and regulatory and
        integration risks.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Acquisitions involve risks that could adversely affect our business. We may pursue acquisitions of businesses and
        technologies. Acquisitions entail numerous risks, including:</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zf1e8fbead333460bb426071ac8d146da" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Difficulties in the integration of acquired operations, services and products;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z26a901d6df3044ffab3f72de7937a2b7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Failure to achieve expected synergies;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze7eff4776662404e8b8d740b3814e3ac" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Diversion of management&#8217;s attention from other business concerns;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zcb31e473559d490d868fc4c18c07065d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Assumption of unknown material liabilities of acquired companies;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z1432314558ab45ac8f8d052723a600c7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Amortization of acquired intangible assets, which could reduce future reported earnings;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z0db27e00a1424886bd11af7f82fffd34" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Potential loss of clients or key employees of acquired companies; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z7cfc6c0c76d94cae943471414c189253" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Dilution to existing stockholders.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As part of our growth strategy, we regularly consider, and from time to time engage in, discussions and negotiations
        regarding transactions, such as acquisitions, mergers and combinations within our industry. The purchase price for possible acquisitions could be paid in cash, through the issuance of Common Stock or other securities, borrowings or a combination of
        these methods.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 11</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 31.5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We cannot be certain that we will be able to identify, consummate and successfully integrate acquisitions, and no
        assurance can be given with respect to the timing, likelihood or business effect of any possible transaction. For example, we could begin negotiations that we subsequently decide to suspend or terminate for a variety of reasons. However,
        opportunities may arise from time to time that we will evaluate. Any transactions that we consummate would involve risks and uncertainties to us. These risks could cause the failure of any anticipated benefits of an acquisition to be realized,
        which could have a material adverse effect on our business, financial condition, results of operations and prospects.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 1B. UNRESOLVED STAFF COMMENTS<a name="ITEM1B.UNRESOLVEDSTAFFCOM"><!--Anchor--></a></font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">None.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 2. PROPERTIES<a name="ITEM2.PROPERTIES"><!--Anchor--></a></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We currently maintain 12 retail offices, one of which is our corporate headquarters. Customers can visit our offices to
        obtain market information, place orders, open accounts, deliver and receive checks and securities, and obtain related customer services in person. Nevertheless, most of our activities are conducted on the Internet or by telephone and mail. We
        operate our business out of the following leased offices:</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="z4bd44ee43f7146538e78d6eb5ea743ed" style="border-collapse: collapse; width: 50%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

        <tr>
          <td style="width: 80%; vertical-align: middle;">&#160;</td>
          <td style="vertical-align: bottom; text-align: center; width: 20%;" rowspan="1">
            <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Approximate</font></div>
            <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Square Feet</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Corporate Headquarters</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: right; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;New York, NY</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> 250 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Service and Other Office Spaces</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Beverly Hills, CA &#8211; 9464 Wilshire</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> 4,000 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Beverly Hills, CA &#8211; 190 N Canon</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> 1,000 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Seal Beach, CA</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> 250 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Calabasas, CA</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> 3,200 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Jersey City, NJ <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> 11,000 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Boca Raton, FL</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> 1,600 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Houston, TX</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> 3,200 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Dallas, TX</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> 250 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Horsham, PA</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> 2,000 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Melville, NY</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> 350 </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Omaha, NE</font></div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> 2,900 </td>
        </tr>

    </table>
    <div style="clear: both;"><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1) </sup>In the first quarter of 2019, we leased approximately 6,000 additional square feet in our Jersey City location.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 3. LEGAL PROCEEDINGS<a name="ITEM3.LEGALPROCEEDINGS"><!--Anchor--></a></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We are party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of
        management, all such matters are without merit, or involve amounts which would not have a significant effect on our financial position.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 4. MINE SAFETY DISCLOSURES<a name="ITEM4.MINESAFETYDISCLOSUR"><!--Anchor--></a></font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Not applicable.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 12</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div></div>
    <div>&#160;</div>
    <div style="text-align: center; margin-left: 15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART II<a name="PARTII"><!--Anchor--></a></font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 5. MARKET FOR REGISTRANT&#8217;S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES<a name="ITEM5.MARKETFORREGISTRANT"><!--Anchor--></a></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our Common Stock traded on the Nasdaq Global Market until June 29, 2011 when our Common Stock started trading on the
        Nasdaq Capital Market, under the symbol &#8220;SIEB&#8221;. The high and low sales prices of our Common Stock reported by Nasdaq during the following calendar quarters were as follows:</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z62721ee7401c483399f69b9514c5266a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> High</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Low</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">High</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Low</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: #CCEEFF; width: 52%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">First Quarter</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17.75</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.26</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.77</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.16</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Second Quarter</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12.65</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.14</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.70</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.27</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: #CCEEFF; width: 52%;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Third Quarter</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20.80</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.25</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.29</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.60</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Fourth Quarter</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">14.90</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.44</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">21.61</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.60</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div></div>
    <div></div>
    <div></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The closing sale price of our Common Stock as reported on the Nasdaq Capital Market on March 26, 2019 was $<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">12.22</font> per share. As of February 25, 2019, there were 84 holders of record of our Common Stock based on information provided by our transfer agent. The number of
        stockholders of record does not reflect the number of individual or institutional stockholders that beneficially own our stock because most stock is held in the name of nominees. Based on information available to us, we believe there are
        approximately 1,611 beneficial holders of our Common Stock.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Dividend Policy</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our Board of Directors periodically considers whether to declare dividends. In considering whether to pay such dividends,
        our Board of Directors will review our earnings capital requirements, economic forecasts and such other factors as are deemed relevant. Some portion of our earnings will be retained to provide capital for the operation and expansion of our
        business.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 13</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Performance Graph</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The graph below compares our performance from December 31, 2013 through December 31, 2018 against the performance of the Nasdaq Composite Index
        and a peer group. The peer group consists of Ameritrade Holding Corporation, E*TRADE Financial Corporation and the Charles Schwab Corporation.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"> <img src="chart.jpg"></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <div style="text-align: left;"><br>
      <table cellspacing="0" cellpadding="0" border="0" id="z89270c9990c544eebab22acfb8c4cf29" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td colspan="6" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Cumulative Total Return*</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2013</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2014</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2015</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2016</font></div>
            </td>
            <td style="width: 9.85%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td style="width: 9.85%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Siebert Financial Corp.</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">100.00</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">136.65</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">80.12</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">214.71</font></div>
            </td>
            <td style="width: 9.85%; vertical-align: top; background-color: #CCEEFF; border-top: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">972.67</font></div>
            </td>
            <td style="width: 9.85%; vertical-align: top; background-color: #CCEEFF; border-top: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,041.84</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Nasdaq Composite</font></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">100.00</font></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">114.62</font></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">122.81</font></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">133.19</font></div>
            </td>
            <td style="width: 9.85%; vertical-align: top;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">172.11</font></div>
            </td>
            <td style="width: 9.85%; vertical-align: top;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">165.84</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Peer Group</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">100.00</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">118.25</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">127.61</font></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">156.32</font></div>
            </td>
            <td style="width: 9.85%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">202.06</font></div>
            </td>
            <td style="width: 9.85%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">174.90</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 14</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 6. SELECTED FINANCIAL DATA<a name="ITEM6.SELECTEDFINANCIALDA"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following selected financial information should be read in conjunction with our consolidated financial statements
          and the related notes thereto.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(In thousands except share and per share data)</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z496bf18365f5434caad043dc4ff7fd2a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="18" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year Ended December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2016</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2015</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2014</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Consolidated Statements of Operations Data:</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 40%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Revenue</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">30,036</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 40%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,157</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" style="vertical-align: middle; width: 40%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income / (loss) per share of common stock</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 40%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.44</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.10</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(0.25</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(0.30</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 40%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Weighted average shares outstanding (basic and diluted)</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">22,507,798</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">22,085,126</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">22,085,126</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">22,085,126</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 40%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Income / (loss) before income taxes margin</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" style="vertical-align: middle; width: 40%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="18" style="vertical-align: middle; background-color: #CCEEFF;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of December 31,</font></div>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Consolidated Statements of Financial Condition Data:</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">2018</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">2017</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">2016</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">2014</font></div>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,229</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,420</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,749</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 40%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Total Assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18,177</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,025</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,816</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17,785</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,728</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 40%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Total Liabilities excluding subordinated borrowings</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,003</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">813</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,563</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,102</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,176</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 40%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Total Stockholders&#8217; equity</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17,174</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,212</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,253</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">15,683</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18,552</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 40%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Cash dividends declared on common shares</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.20</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The growth in our Statement of Operation and Statement of Financial Condition in 2018 from the prior year was primarily
          due to the acquisition of the StockCross Retail Assets and rising interest rates, as well as the reversal of the valuation allowance on our deferred tax assets. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;
            font-style: italic;">Please see Item 7. - Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations for additional information.</font></font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 15</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 7. MANAGEMENT&#8217;S DISCUSSIONS AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS<a name="ITEM7.MANAGEMENTSDISCUSSI"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Introduction</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations (&#8220;MD&amp;A&#8221;) is
          intended to help the reader understand the results of our operations and financial condition. This MD&amp;A is provided as a supplement to, and should be read in conjunction with, our consolidated financial statements and accompanying notes to
          consolidated financial statements.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Forward-Looking Statements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The statements contained in the following MD&amp;A and elsewhere throughout this Annual Report on Form 10-K, including
          any documents incorporated by reference, that are not historical facts, are &#8220;forward-looking statements&#8221; within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including
          statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words &#8220;may,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221;
          &#8220;plan,&#8221; &#8220;estimate,&#8221; &#8220;target,&#8221; &#8220;project,&#8221; &#8220;intend&#8221; and similar words or expressions. In particular, forward-looking statements contained in this discussion include our expectations regarding the effect of client trading activity on our results of
          operations; the effect of changes in interest rates on our net interest spreads; the amount of net revenues; average commissions per trade; the amounts of total operating expenses; our effective income tax rate; and our capital and liquidity
          needs.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our actual results could differ materially from those anticipated in such forward-looking statements. Important factors
          that may cause such differences include, but are not limited to: economic, social and political conditions and other securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability
          for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting our business; net capital
          requirements; extensive regulation, regulatory uncertainties and legal matters; difficulties and delays in integrating the StockCross, PWC, or KCAT businesses or fully realizing cost savings and other benefits from the acquisitions; disruptions
          from the StockCross, PWC, or KCAT acquisitions or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities; the inability to achieve synergies or to implement
          integration plans and other consequences associated with other acquisitions; and the other risks and uncertainties set forth under <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Item 1A. Risk
            Factors </font>of this Form 10-K. The forward-looking statements contained in this report speak only as of the date on which the statements were made. We undertake no obligation to publicly update or revise these statements, whether as a
          result of new information, future events or otherwise, except to the extent required by the federal securities laws.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Executive Overview</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We operate as a financial services company and provide a wide variety of financial services to our clients. Results in
          the businesses in which we operate are highly correlated to general economic conditions and, more specifically, to the direction of the U.S. equity and fixed-income markets and market volatility, overall market conditions, interest rates,
          economic, political and regulatory trends, and industry competition are among the factors which could affect us and which are unpredictable and beyond our control. These factors affect the financial decisions made by market participants who
          include investors and competitors, impacting their level of participation in the financial markets. In addition, in periods of reduced financial market activity, profitability is likely to be adversely affected because certain expenses remain
          relatively fixed, including salaries and related costs, portions of communications costs and occupancy expenses. Accordingly, earnings for any period should not be considered representative of earnings to be expected for any other period.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Transactions</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">During 2018, we made two acquisitions: KCAT and PWC. These acquisitions expanded our product offering and in 2018, PWC
          contributed close to $1 million in revenue and added approximately $30 million to our total assets under management.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In December 2017, we acquired the StockCross Retail Assets, which consisted of StockCross&#8217; customer assets as well as
          its nationwide sales force. The StockCross Retail Assets contributed approximately $10.1 million and $1.6 million in revenue for 2018 and 2017, respectively, as well as added approximately $4 billion in customer assets. Going forward, we are
          continuing to explore additional synergy opportunities as well as economies of scale to drive profitability.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 16</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In December 2016, KCA acquired approximately 90% of our Common Stock, appointed a new Board of Directors and installed a
          new management team focused on increasing revenue and cutting costs.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Financial Performance Metrics</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table sets forth metrics we use in analyzing our financial performance for the periods indicated:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0fd83a5482964da2a3298c8e136e051c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year Ended December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Revenue</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">30,036,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13,110,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Income before income taxes</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,360,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,310,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11,962,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,157,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Revenue growth</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">129</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">n/a</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Income before income taxes growth</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">219</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">n/a</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Income before income taxes margin</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">25</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Year Ended December 31, 2018 Compared to Year Ended December 31, 2017</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our income before income taxes rose in 2018 by $5,050,000, or 219%, from the prior year, primarily due to the
          incremental client assets and client activity from the StockCross Retail Assets as well as the rising interest rate environment. This increase in revenue was partially offset by the increase in operating expenses associated with the StockCross
          Retail Assets such as commissions, clearing fees, as well as technology costs. A smaller component of expenses increased in 2018 from the prior year due to the additional office space and miscellaneous G&amp;A expenses related to the personnel
          acquired from StockCross, PWC and KCAT.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Client Account and Activity Metrics</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following tables set forth metrics we use in analyzing our client account and activity trends for the periods
          indicated:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Client Account Metrics</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;"> <br>
        </font></div>
      <table cellspacing="0" cellpadding="0" id="z9ab9529ea7944ea9a909850aa321d369" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer margin debit balances (in billions)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.4</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.3</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer credit balances (in billions)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.4</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.5</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer money market fund value (in billions)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.6</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.8</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer net worth (in billions)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.0</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11.5</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer accounts</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">74,895</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">72,912</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z976383d1ce4a45c183edf87172e75671" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer margin debit balances represents credit extended to our customers to finance their purchases against current
                    positions.</font></div>
              </td>
            </tr>

        </table>
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      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zd184f21089864356aec2e60b766d71b9" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer credit balances represents client cash held in brokerage accounts.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z2199503f01ab4db89b7568cd69ac3abd" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer money market fund value represents all retail customers accounts invested in money market funds.</font></div>
              </td>
            </tr>

        </table>
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      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zfec08075241440a9b7883e8f9ba8c10f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer net worth represents the total value of securities and cash in the retail customer accounts before deducting
                    margin debits.</font></div>
              </td>
            </tr>

        </table>
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      <div>
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            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer accounts represents the number of retail customers. Effective in December 2018, the retail customer accounts
                    metric was revised to include all retail accounts regardless of the amount of assets. Prior periods have been updated to conform to the current presentation.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 17</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Client Activity Metrics</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;"> <br>
        </font></div>
      <table cellspacing="0" cellpadding="0" id="z6902487600d64de6a9037a4911dd34fc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year Ended December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total retail trades</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">336,409</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">221,282</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Average commission per retail trade</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19.59</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19.87</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z1dfd201b5e6a48a6972750d6cf0bbccd" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total retail trades represents retail trades that generate commissions.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z10e4c9936c8349cf9c1a4c4201e04320" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Average commission per retail trade represents the average commission generated for all types of retail customer trades.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year Ended December 31, 2018 Compared to Year Ended December 31, 2017</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Statement of Operations</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Revenue</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total revenue for the year ended December 31, 2018 was $30,036,000 and increased by $16,926,000 or 129% from the prior
          year due to a variety of factors. Margin interest, marketing and distribution fees increased due to the incremental margin balances from the StockCross Retail Assets as well as an increase in interest rates. The increase in the number of retail
          trades due to both organic growth as well as incremental StockCross accounts increased revenue from commissions and fees. Principal transactions increased primarily due to the incremental StockCross accounts. A smaller component of our revenue
          increased due to sales from insurance products through PWC and the preliminary rollout of AdvisorNXT&#8217;s Robo-Advisor to select customers.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Margin interest, marketing and distribution
            fees for the year ended December 31, 2018 were $10,928,000 and increased by $4,328,000 or 66% from the prior year, primarily due to the incremental margin balances from the StockCross Retail Assets and an increase in interest rates. This
            increase in margin balances in 2018 was due to organic debit balance growth from legacy Siebert customers as well as from incremental debit balances from the StockCross Retail Assets. In addition, the Federal Reserve raised interest </font>rates









          four times in 2018, which in turn, increased the rate charged to clients for margin balances and our corresponding revenue.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Commissions and fees for the year ended December 31, 2018 were $9,504,000 and increased by $4,703,000 or 98% from the
          prior year, primarily due to the incremental client activity from the StockCross Retail Assets. The number of retail trades and corresponding commissions and fees revenue increased significantly in 2018 from 2017 due to the incremental StockCross
          activity as well as positive market conditions in 2018. In addition, PWC contributed close to an incremental $1 million in revenue in 2018 as our brokers began to sell various insurance products to our clients.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Principal transactions for the year ended December 31, 2018 were $9,020,000 and increased by $7,381,000 or 450% from the
          prior year, primarily due to the incremental StockCross accounts and associated principal transaction markups.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Advisory fees for the year ended December 31, 2018 were $478,000 and increased by $427,000 or 837% from the prior year,
          primarily due to the incremental advisory revenue acquired as part of the StockCross Retail Assets. In addition, advisory fees increased from the preliminary rollout of AdvisorNXT&#8217;s Robo-Advisor to select customers.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Interest for the year ended December 31, 2018 was $106,000 and increased by $87,000 or 458% from the prior year,
          primarily due to an increase in cash balances.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Operating Expenses</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total expenses for the year ended December 31, 2018 were $22,676,000 and increased by $11,876,000 or 110% from the prior
          year due to a variety of factors. A significant component of our expenses is variable to particular revenue streams, many of which increased in 2018 primarily due to the StockCross Retail Assets. The increase in commissions and fees and principal
          transactions revenues led to more commission payouts to our representatives as well as clearing fees and execution costs to process those transactions. In addition, there were incremental infrastructure costs as part of the integration of the
          StockCross Retail Assets which increased our technology and communications expenses.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Employee compensation and benefits for the year ended December 31, 2018 were $13,817,000 and increased by $8,742,000 or
          172% from the prior year, primarily due to the increase in employee commissions and related costs associated with the incremental client activity from the StockCross Retail Assets. There was also an increase in administrative staff compensation
          associated with the acquisitions and expansion of the business in 2018.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 18</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Clearing fees, including execution costs for the year ended December 31, 2018 were $2,852,000 and increased by
          $1,821,000 or 177% from the prior year, primarily due to the increase in clearing and execution services from the incremental client activity from the StockCross Retail Assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Professional fees for the year ended December 31, 2018 were $1,963,000 and decreased by $172,000 or 8% from the prior
          year, primarily due to legal fees being higher in 2017 as part of the fulfilling the legal requirements to complete StockCross transaction.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Other general and administrative expenses for the year ended December 31, 2018 were $1,859,000 and increased by $349,000
          or 23% from the prior year, due to various expenses related to the StockCross Retail Assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Technology and communications expenses for the year ended December 31, 2018 were $1,008,000 and increased by $598,000 or
          146% from the prior year, primarily due to incremental technology infrastructure and integration costs related to the StockCross Retail Assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Rent and occupancy expenses for the year ended December 31, 2018 were $988,000 and increased by $551,000 or 126% from
          the prior year, primarily due to the incremental office space and related operating expenses associated with the StockCross Retail Assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Depreciation and amortization expenses for the year ended December 31, 2018 were $144,000 and increased by $29,000 or
          25% from the prior year.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Advertising and promotion expenses for the year ended December 31, 2018 were $45,000 and decreased by $42,000 or 48%
          from the prior year, primarily due to lower online marketing costs.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Income Taxes</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Benefit from income taxe<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">s for the year
            ended December 31, 2018 was $(4,602,000) and decreased by $4,755,000 or 3,108% from the prior year income tax expense, primarily due to the reversal of our deferred tax assets valuation allowance, partially offset by federal and state income
            taxes. </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Please see </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Item 8.
            Financial Statements and Supplementary Data - &#8220;Note 6 - Income Taxes&#8221;</font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">for additional detail.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Statement of Financial Condition</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Assets</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Assets for the year ended December 31, 2018 were $18,177,000 and increased by $12,152,000 or 202% from the prior year,
          primarily due to the reversal of our deferred tax assets valuation allowance, as well as an increase in cash and various receivables from clearing and other brokers and related parties.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Liabilities</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Liabilities for the year ended December 31, 2018 were $1,003,000 and increased by $190,000 or 23% from the prior year,
          primarily due to increase of our accounts payable and lease incentive obligation partially offset by lower income taxes payable due to tax reform.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Liquidity and Capital Resources</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our cash and cash equivalents are unrestricted and are used to fund our working capital needs. Our total assets as of
          December 31, 2018 were approximately $18.2 million, of which $7.2 million, or approximately 40% consisted of cash and cash equivalents and were considered highly liquid. Our total assets as of December 31, 2017 were approximately $6.0 million, of
          which $3.8 million, or approximately 62% consisted of cash and cash equivalents and were considered highly liquid.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO is subject to regulatory requirements that are intended to ensure its liquidity and general financial soundness.
          Under the SEC's Uniform Net Capital Rule (Rule 15c3-1 under Exchange Act), MSCO is required to maintain, at all times, at least the minimum level of net capital required under Rule 15c3-1. Since our aggregate debits may fluctuate significantly,
          our minimum net capital requirements may also fluctuate significantly from period to period. Siebert may make cash capital contributions to MSCO, if necessary, to meet minimum net capital requirements.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 19</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO may not repay any subordinated borrowings, pay cash dividends, or make any unsecured advances or loans to Siebert
          or employees if such payment would result in a net capital amount of less than (a) 5% of aggregate debit balances or (b)&#160;120% of its minimum dollar requirement.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO is subject to the net capital requirements of the SEC, the NYSE and other regulatory authorities. As of December
          31, 2018, MSCO&#8217;s regulatory net capital was approximately $8.9 million, which was $8.7 million in excess of its minimum capital requirement of $250,000. As of December 31, 2017, MSCO had net capital of approximately $4.4 million, which was $4.2
          million in excess of required net capital of $250,000.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For the year ended December 31, 2018, our income before income taxes was approximately $2.5 million greater than our
          cash flow from operations primarily due to an increase in receivables from clearing and other brokers, receivable from related party, and prepaid expenses. For the year ended December 31, 2017, our income before income taxes was approximately
          $0.8 million greater than our cash flow from operations primarily due to an increase in receivables from clearing and other brokers.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Contractual Obligations</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our primary contractual obligations consist of operating leases. Future annual minimum base rental payments under these
          operating leases are as follows as of December 31, 2018:</font></div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z8d320c74b52a48e5be06b700e1494b02" style="width: 40%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 76%;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Amount</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2019</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">686,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2020</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">651,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2021</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">628,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2022</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">489,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2023 and thereafter</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">507,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,961,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Off-Balance Sheet Arrangements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer transactions are cleared through two clearing brokers on a fully disclosed basis. If customers do not
          fulfill their contractual obligations, the clearing brokers may charge us for any loss incurred in connection with the purchase or sale of securities at prevailing market prices to satisfy customer obligations. We regularly monitor the activity
          in customer accounts for compliance with margin requirements. We are exposed to the risk of loss on unsettled customer transactions if customers and other counterparties are unable to fulfill their contractual obligations. There were no material
          losses for unsettled customer transactions for the years ended December 31, 2018 and 2017.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Critical Accounting Policies</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We generally follow accounting policies standard in the brokerage industry and believe that our policies appropriately
          reflect our financial position and results of operations. Our management team makes significant estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and
          liabilities included in the financial statements. The estimates relate primarily to revenue and expense items in the normal course of business as to which we receive no confirmations, invoices, or other documentation, at the time the books are
          closed for a period. We use our best judgment, based on our knowledge of revenue transactions and expenses incurred, to estimate the amount of such revenue and expenses. We are not aware of any material differences between the estimates used in
          closing our books for the last five years and the actual amounts of revenue and expenses incurred when we subsequently receive the actual confirmations, invoices or other documentation.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The preparation of our consolidated financial statements requires us to make judgments and estimates that may have a
          significant impact on our financial results. We believe that the following areas are particularly subject to management's judgments and estimates and could materially affect our results of operations and financial position.<font style="font-size:
            10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;"> Please see Item 8. Financial Statements and Supplementary Data for additional detail on our significant accounting policies.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Estimates of effective income tax rates, uncertain tax positions, deferred income taxes and related valuation
          allowances.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We estimate our income tax expense based on the various jurisdictions in which we conduct business. This requires us to
          estimate our current income tax obligations and to assess temporary differences between the financial statement carrying amounts and tax bases of assets and liabilities. Temporary differences result in deferred income tax assets and liabilities.
          We must evaluate the likelihood that deferred tax assets will be realized. Our framework for assessing the recoverability of the deferred tax assets requires a determination of whether or not there is sufficient taxable income of appropriate
          character within the carryback, carryforward period available under tax law. We consider of all available evidence, including:</font></div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 20</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z782400bd6d1346aabfe6aa8ee01c2035" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Taxable income in carryback years if carryback is permitted;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z0029b36e030c48919315d64fa55579ff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Future reversals of existing taxable temporary differences;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="za6ad7de405994e9b9361e95a753fe973" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Tax planning strategies; and</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z2837e4ac94bd4a4f9e9696ad5cf11c6f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Projected future taxable income exclusive of reversing temporary differences.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In assessing projected future taxable income, we consider all evidence, including:</font></div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z47bb1bfae5484520829befd6e621e301" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The nature, frequency, and amount of cumulative financial reporting income and losses in recent years;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze0cab20afaa74c19b32cc00c9978192d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The sustainability of recent operating profitability of the Company;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="za246507568f54905834b150526113bdc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The predictability of future operating profitability of the character necessary to realize the net deferred tax assets;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zd37d1551f79a4ef69680a39e0e357222" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The carryforward period for the net operating loss, including the effect of reversing taxable temporary differences; and</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z2c2092a1fe284b1b93c195a7025995d8" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Prudent and feasible actions and tax planning strategies that would be implemented, if necessary, to protect against the loss of
                    the deferred tax assets.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">To the extent we determine that realization of our deferred tax assets is not "more likely than not," we establish a
          valuation allowance. We reassess the recoverability of deferred tax assets on an ongoing basis. We considered the above factors in performing the December 31, 2018 assessment. As of December 31, 2018, we realized four consecutive quarters of
          pre-tax profitability generally greater than $1 million per quarter throughout all of 2018, the first time this happened within the past ten years, and were in a net cumulative profit position for the prior three year period. We also reassessed
          our ability to generate and sustain sufficient taxable income in the future in order to realize the deferred tax assets. Achieving this significant financial milestone as well as the evaluation of a full year of the financial impact from our
          acquisition of the StockCross Retail Assets led to a new conclusion as of December 31, 2018 about the sustainability of projected taxable income and the realizability of the deferred tax assets. In addition, we note that we had a considerable
          buffer in between our actual 2018 pre-tax income and the amount needed to realize our deferred tax assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As described in <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Item
            8. Financial Statements and Supplementary Data - &#8220;Note 6 - Income Taxes&#8221;</font>, we concluded that it was more likely than not that we would recover all of our deferred tax assets related to our net operating loss (&#8220;NOL&#8221;) carryforward, with the
          exception of the NOLs in New York City, the state of New York and the portion of the federal NOL expected to expire unutilized due to the Section 382 limitation. As such, as of December 31, 2018, we determined to remove the valuation allowance on
          our deferred income tax assets and recognize the asset on our statement of financial condition for the amount of the asset expected to be realized.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We continue to monitor the realizability of our deferred tax assets based primarily on the above criteria on an ongoing
          basis. In a future period, our assessment of the above will determine the realizability of deferred tax assets and therefore the appropriateness of the valuation allowance could change based on an assessment of all available evidence, both
          positive and negative, in that future period. If the conclusion about the realizability of our deferred tax assets and therefore the appropriateness of the valuation allowance changes in a future period, we could record an additional substantial
          tax benefit or expense when that occurs. Establishing or increasing a valuation allowance results in a corresponding increase to income tax expense in our consolidated financial statements. Conversely, to the extent circumstances indicate that a
          valuation allowance can be reduced or is no longer necessary, that portion of the valuation allowance is reversed, reducing income tax expense. Factors that could change our future assessment of the realizability of the deferred tax assets
          include, but are not limited to, changes to future forecasts of taxable income, changes in the trends of margins or profitability, changes in market interest rates, commissions or fees, changes in customer attrition rate, and changes in statutory
          or other regulatory requirements that could limit the realizability of deferred tax assets in the future.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We must make significant judgments to calculate our provision for income taxes, our deferred income tax assets and
          liabilities and any valuation allowance against our deferred tax assets. We must also exercise judgment in determining the need for, and amount of, any accruals for uncertain tax positions. Because the application of tax laws and regulations to
          many types of transactions is subject to varying interpretations, amounts reported in our consolidated financial statements could be significantly changed at a later date upon final determinations by taxing authorities.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Amortization of intangible assets</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We have a finite-lived intangible asset in the Robo-Advisor acquired from KCAT, which currently has an estimated useful
          life of 3 years. We evaluate the remaining useful life of our intangible asset each reporting period to determine if events or trends warrant a revision to the remaining period of amortization. We test our finite-lived intangible asset for
          impairment on at least an annual basis, or whenever events occur or changes in circumstances indicate that the carrying value of such asset may not be recoverable. If, based on that review, changes in circumstances indicated that the carrying
          amount of such asset may not be recoverable, we evaluate recoverability by comparing the undiscounted cash flows associated with the asset to the asset's carrying amount. We have had no events or trends that have warranted a material revision to
          the carrying value of our intangible asset nor the originally estimated useful life.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 21</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Accruals for contingent liabilities</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Accruals for contingent liabilities related to legal and regulatory claims as well as employee healthcare expenses under
          our self-insured plan reflect an estimate of probable losses. In making such estimates for legal and regulatory claims, we consider many factors, including the progress of the matter, prior experience and the experience of others in similar
          matters, available defenses, insurance coverage, indemnification provisions and the advice of legal counsel and other experts. In making such estimates for employee healthcare expenses, we consider many factors, including trends of health
          insurance expenses and our insurance reserve limits. We believe that our present insurance coverage and reserves are sufficient to cover currently estimated exposures, but there can be no assurance that we will not incur liabilities in excess of
          recorded reserves or in excess of our insurance limits. Significant judgment is required in making these estimates, and the actual cost may be materially different than the estimated costs. <font style="font-size: 10pt; font-family: 'Times New
            Roman', Times, serif; font-style: italic;">Please see Item 8. Financial Statements and Supplementary Data - &#8220;Note 9 - Commitments, Contingencies, and Other&#8221; for additional detail</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK<a name="ITEM7A.QUANTITATIVEANDQUA"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Financial Instruments Held For Trading Purposes</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We do not directly engage in derivative transactions, have no interest in any special purpose entity and have no
          liabilities, contingent or otherwise, for the debt of another entity.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Financial Instruments Held For Purposes Other Than Trading</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We generally invest our cash and cash equivalents temporarily in dollar denominated bank account(s). These investments
          are not subject to material changes in value due to interest rate movements.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer transactions are cleared through our clearing brokers on a fully disclosed basis. If customers do not
          fulfill their contractual obligations, the clearing broker may charge us for any loss incurred in connection with the purchase or sale of securities at prevailing market prices to satisfy the customers&#8217; obligations. We regularly monitor the
          activity in its customer accounts for compliance with our margin requirements. We are exposed to the risk of loss on unsettled customer transactions if customers and other counterparties are unable to fulfill their contractual obligations. There
          were no material losses for unsettled customer transactions in 2018 and 2017.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 22</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA<a name="ITEM8.FINANCIALSTATEMENTS"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIEBERT FINANCIAL CORP.</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z4ee3012f135146b4a21d3f8209060928" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 89.79%; vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 10.21%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Page(s)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 89.79%; vertical-align: middle; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><a href="#REPORTOFINDEPENDENTREGIST"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Report of Independent Registered Public Accounting Firm</font></a></div>
            </td>
            <td style="width: 10.21%; vertical-align: middle; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">24</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 89.79%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="text-align: left;"><a href="#CONSOLIDATEDSTATEMENTSOFF"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Consolidated Statements of Financial Condition as of December 31, 2018 and 2017</font></a></div>
            </td>
            <td style="width: 10.21%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">25</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 89.79%; vertical-align: middle; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><a href="#CONSOLIDATEDSTATEMENTSOFI"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Consolidated Statements of Income for each of the years in the two-year period ended December 31,
                    2018</font></a></div>
            </td>
            <td style="width: 10.21%; vertical-align: middle; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">26</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 89.79%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="text-align: left;"><a href="#CONSOLIDATEDSTATEMENTOFCH"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Consolidated Statements of Changes in Stockholders&#8217; Equity for each of the years in the two-year
                    period ended December 31, 2018</font></a></div>
            </td>
            <td style="width: 10.21%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">27</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 89.79%; vertical-align: middle; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><a href="#CONSOLIDATEDSTATEMENTSOFC"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Consolidated Statements of Cash Flows for each of the years in the two-year period ended December
                    31, 2018</font></a></div>
            </td>
            <td style="width: 10.21%; vertical-align: middle; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">28</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 89.79%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="text-align: left;"><a href="#NOTESTOCONSOLIDATEDFINANC"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Notes to Consolidated Financial Statements</font></a></div>
            </td>
            <td style="width: 10.21%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">29 - 40</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 23</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM<a name="REPORTOFINDEPENDENTREGIST"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">To the Shareholders and the Board of Directors of Siebert Financial Corp:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Opinion on the Financial Statements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We have audited the accompanying consolidated statements of financial condition of Siebert Financial Corp. &amp; Subsidiaries (the
          "Company") as of December 31, 2018 and 2017, the related consolidated statements of income, changes in stockholders&#8217; equity, and cash flows for the years then ended, and the related notes (collectively referred to as the &#8220;consolidated financial
          statements&#8221;). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for the
          years then ended, in conformity with accounting principles generally accepted in the United States of America.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Basis for Opinion</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on
          the Company's consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the
          Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
          reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over
          financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over
          financial reporting. Accordingly, we express no such opinion.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether
          due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included
          evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our
          opinion.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Baker Tilly Virchow Krause, LLP</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We have served as the Company's auditor since 2017.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">New York, New York</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">March 26, 2019</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
        </font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 24</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION<a name="CONSOLIDATEDSTATEMENTSOFF"><!--Anchor--></a></font></div>
      <div>&#160;<br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc34ee5ca058e48b68815927ab2a264b0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">ASSETS</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Cash and cash equivalents</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,229,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Receivable from related party</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Receivable from lessors</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">171,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Other receivables</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">96,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Prepaid expenses and other assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">470,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">234,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Furniture, equipment and leasehold improvements, net</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">468,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">263,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Software, net</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,137,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">84,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Deferred tax assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,576,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,025,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Liabilities</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Accounts payable and accrued liabilities</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">699,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">561,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Lease incentive obligation</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">171,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,641,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Retained earnings/(Accumulated deficit)</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,262,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2,700,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,212,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
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      <div> <br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">See notes to consolidated financial statements.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 25</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div></div>
      <div></div>
      <div></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CONSOLIDATED STATEMENTS OF INCOME<a name="CONSOLIDATEDSTATEMENTSOFI"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z24edf119f2624777af794fb2ab2b209e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

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            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year Ended December 31,</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; background-color: #FEFEFE; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(254, 254, 254); border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(254, 254, 254); text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(254, 254, 254); border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(254, 254, 254); text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Commissions and fees</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Advisory fees</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">478,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">51,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Interest</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total revenue</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">30,036,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13,110,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Expenses:</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Employee compensation and benefits</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13,817,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Clearing fees, including execution costs</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,852,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,031,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Professional fees</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,510,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,008,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">27,157,188</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">See notes to consolidated financial statements.</font></div>
      <div><br>
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      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 26</font></div>
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS&#8217; EQUITY<a name="CONSOLIDATEDSTATEMENTOFCH"><!--Anchor--></a></font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$.01 Par Value</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 40%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Issuance of stock</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,072,062</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">50,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19,933,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19,983,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #CCEEFF; width: 40%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Net income</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,157,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,157,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 40%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 40%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Balance - December 31, 2017</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">27,157,188</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">271,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,641,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2,700,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,212,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #CCEEFF; width: 40%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Net income</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11,962,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11,962,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 40%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Balance - December 31, 2018</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">27,157,188</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">271,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,641,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,262,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17,174,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
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      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">See notes to consolidated financial statements.</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 27</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
          </font>CONSOLIDATED STATEMENTS OF CASH FLOWS<a name="CONSOLIDATEDSTATEMENTSOFC"><!--Anchor--></a><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
          </font></font><br>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #FEFEFE; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom; background-color: #FEFEFE; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year Ended December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FEFEFE; text-align: left; vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cash flows from operating activities</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Net income</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11,962,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,157,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Adjustments to reconcile net income to net cash provided by operating activities:</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Receivable from related party</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Receivable from lessors</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Other receivables</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Prepaid expenses and other assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Securities owned, at fair value</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Accounts payable and accrued liabilities</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">138,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Lease incentive obligation</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">171,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Due to clearing brokers and related parties</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Income taxes payable</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(125,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cash flows from investing activities</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(417,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
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          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Purchase of software</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net cash used in investing activities</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(417,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net increase in cash and cash equivalents</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,035,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Cash and cash equivalents - beginning of year</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,765,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,730,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cash and cash equivalents - end of year</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,229,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,765,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Supplemental cash flow information</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,177,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">33,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Cash paid during the year for interest</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">15,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Non cash investing and financing activities</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Payment by related party of expenses</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">803,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Payment by related party of accrued settlement liability</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(825,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Issuance of shares for StockCross acquisition</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19,984,000</font></font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">See notes to consolidated financial statements.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 28</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<a name="NOTESTOCONSOLIDATEDFINANC"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">1. Organization</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail
          discount brokerage business through its wholly-owned subsidiary, Muriel Siebert &amp; Co., Inc. (&#8220;MSCO&#8221;), a Delaware corporation and registered broker-dealer, its investment advisory business through its wholly-owned subsidiary, Siebert
          AdvisorNXT, Inc. (&#8220;AdvisorNXT&#8221;), a New York corporation registered with the SEC as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, its insurance business through its wholly-owned subsidiary, Park Wilshire
          Companies, Inc. (&#8220;PWC&#8221;), a Texas corporation and licensed insurance agency, and KCA Technologies, LLC. (&#8220;KCAT&#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of this Form 10-K, the terms &#8220;Siebert,&#8221;
          &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Siebert Financial Corp., MSCO, AdvisorNXT, PWC, and KCAT collectively, unless the context otherwise requires.</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has
          offices throughout the U.S. and clients around the world. The Company&#8217;s SEC filings are available through the Company&#8217;s website at www.siebertnet.com, where investors are able to obtain copies of the Company&#8217;s public filings free of charge. The
          Company&#8217;s Common Stock, par value $.01 per share, trades on the Nasdaq Capital Market under the symbol &#8220;SIEB.&#8221;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company primarily operates in the securities brokerage and asset management industry and has no other reportable
          segments. All of the Company's revenues for the years ended December 31, 2018 and 2017 were derived from its operations in the U.S.</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Transactions completed during 2018</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Acquisition of KCAT</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">On August 21, 2018, the Company acquired all of the issued and outstanding membership interests of KCAT from Kennedy
          Cabot Acquisition LLC, (&#8220;KCA&#8221;), one of the Company&#8217;s affiliates through common ownership, for approximately $690,000. This transaction was accounted for as an asset acquisition. KCAT is a technology company initially tasked with developing a
          sophisticated Robo-Advisor for AdvisorNXT, the Company&#8217;s RIA. The Robo-Advisor provides clients with an automated wealth management solution intended to maximize portfolio returns based on the client&#8217;s specific risk tolerance.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Acquisition of PWC</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In March 2018, the Company acquired all of the issued and outstanding shares of PWC from three related parties for
          approximately $110,000 (equal to the amount of cash held in PWC&#8217;s bank accounts at the time). The Board of Directors reviewed the transaction and concluded that, given the amount of the purchase price, the fact that the purchase price equaled the
          cash on hand in PWC&#8217;s bank accounts, and that PWC had no liabilities, the acquisition was not material and did not require a third party valuation.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The sellers agreed to indemnify the Company from all liability attendant to the prior business activities of PWC. David
          J. Gebbia agreed to continue as the unpaid CEO of PWC.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Transactions completed in prior to 2018</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Acquisition of StockCross Retail Assets</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company entered into an agreement to acquire most of the retail broker-dealer business of StockCross Financial
          Services (&#8220;StockCross&#8221;), an affiliate of the Company, in exchange for 5,072,062 shares of the Company&#8217;s restricted Common Stock, subject to a two-year lock-up, valued at $19,984,000. Approximately $125,000 of legal and appraisal fees were
          incurred in the consummation of the transaction. In addition, the Company acquired various rent obligations, transferred employees and customer lists.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As StockCross was determined to be an entity under common control, the assets and liabilities transferred to the Company
          from StockCross were recorded at historical cost in accordance with ASC 805-50, Business Combinations - Related Issues. The difference between the consideration paid and historical cost of the net assets acquired was recorded as an equity
          distribution by the Company. ASC 805-50 transactions between entities under common control stipulates a common control transaction as a transfer of net assets or an exchange of equity interests between entities under common control. Since the
          assets acquired from StockCross had a book value of nil, the </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">fair market value of
            assets acquired, approximately </font>$19,984,000, was reflected as nil for financial statement purposes as of the date of transfer as required by ASC 805-50.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 29</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Additionally, as the transfer of net assets and related operations did not change the composition of MSCO as a reporting
          entity, retrospective combination of the entities for all periods presented as if the combination has been in effect since the inception of common control is not required. Accordingly, the net assets transferred and related operations are
          presented prospectively as of the effective date of November 30, 2017.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2. Summary of Significant Accounting Policies</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Basis of Presentation</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The accompanying consolidated financial statements are prepared on the accrual basis of accounting in conformity with
          accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) as established by the Financial Accounting Standards Board (&#8220;FASB&#8221;) to ensure consistent reporting of financial condition. The consolidated financial
          statements include the accounts of Siebert and its wholly-owned subsidiaries and upon consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Use of Estimates</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and
          assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
          Actual results could differ from those estimates.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company makes significant estimates that affect the reported amounts of assets, liabilities, revenue, and expenses.
          The estimates relate primarily to revenue and expenses in the normal course of business as to which the Company receives no confirmations, invoices, or other documentation at the time the books are closed. The Company uses its best judgment,
          based on knowledge of these revenue transactions and expenses incurred, to estimate the amount of such revenue and expenses. The Company is not aware of any material differences between the estimates used in closing the Company&#8217;s books for the
          last five years and the actual amounts of revenue and expenses incurred when the Company subsequently receives the actual confirmations, invoices, or other documentation. Estimates are used in intangible asset valuations and useful lives,
          depreciation, income taxes, and the contingent liabilities related to legal and healthcare expenses. The Company also estimates the valuation allowance relating to its deferred tax assets based on the more likely than not criteria. The Company
          believes that its estimates are reasonable.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Reclassifications<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
          </font></font><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Certain prior period amounts have been reclassified to conform to the current year&#8217;s presentation. These reclassifications
          have no effect on previously reported net income.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Cash and Cash Equivalents</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Cash and cash equivalents are all cash balances that are unrestricted. The Company has defined cash equivalents as
          highly liquid investments, with original maturities of less than 90 days that are not held for sale in the ordinary course of business. As of the years ended December 31, 2018 and 2017, the Company did not hold any cash equivalents.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Receivables from Clearing and Other Brokers</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer transactions are cleared, on a fully disclosed basis, through two clearing brokers, StockCross and NFS,
          the former of which is an affiliate. The Company operates on a month to month basis with both clearing brokers and they offset their fees against the Company's revenues on a monthly basis. Receivables from clearing and other brokers include
          amounts receivable as well as cash on deposit. As of the years ended December 31, 2018 and 2017, cash clearing deposits with StockCross and NFS were $75,000 and $50,000, respectively.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was
          considered uncollectable as of the years ended December 31, 2018 and 2017. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from receivables from clearing and
          other brokers and does not anticipate losses in the future.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 30</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Furniture, Equipment and Leasehold Improvements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Furniture, equipment and leasehold improvements are stated at cost, net of accumulated depreciation and amortization.
          Depreciation is calculated using the straight-line method over the lives of the assets, generally not exceeding four years. Leasehold improvements are amortized over the shorter of the useful life or remaining lease term unless the lease
          transfers ownership of the underlying asset to the lessee or lessee is reasonably certain to exercise an option to purchase the underlying asset, in which case the lessee will amortize over the useful life of the leasehold improvements.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Software</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company capitalizes certain costs for software such as the Robo-Advisor, software license arrangements with a
          contract term of greater than 1 year, as well as other software, and amortizes the assets over the estimated useful life of the software or contract term, generally not exceeding 3 years. The Company accounts for software license arrangements
          with a contract term of 1 year as prepaid assets and amortizes them over the contract term. Other software costs such as routine maintenance and various data services to provide market information to customers are expensed as incurred.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Amortization of Intangible Assets</font></div>
      <div><br>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company has a finite-lived intangible asset in the Robo-Advisor acquired from KCAT. Intangible assets with finite
          lives are amortized on a straight-line basis over their estimated useful lives. The Company acquired the Robo-Advisor from KCAT in August 2018. The Robo-Advisor has an estimated useful life of 3 years and the Company will start to amortize it in
          2019.</font></div>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Advertising Costs</font></div>
      <div><br>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Advertising costs are expensed as incurred and totaled $45,000 and $87,000 for the years ended December 31, 2018 and
          2017, respectively.</font></div>
      <div><br>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Revenue Recognition and Other Income</font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">On January 1, 2018, the Company adopted the new revenue recognition standard ASC 606, Revenue from Contracts with
          Customers, on the modified retrospective method (i.e., cumulative method). The Company has elected the modified retrospective method which did not result in a cumulative-effect adjustment at the date of adoption. The implementation of this new
          standard had no material impact on the Company's consolidated financial statements for the years ended December 31, 2018 and 2017.</font></div>
      <div><br>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Revenue from contracts with customers includes commissions and fees, principal transactions and advisory fees. The
          recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate
          transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company&#8217;s progress under the contract; and whether constraints on variable consideration should be applied
          due to uncertain future events.</font></div>
      <div><br>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The primary sources of revenue for the Company are as follows:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Margin Interest, Marketing and Distribution fees</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Margin interest, marketing and distribution fees consists of two components: margin interest and 12b1 fees. Margin
          interest is the net interest charged to customers for holding financed margin positions, and 12b1 fees are fees paid to the Company related to trailing payments from mutual funds as a result of prior sales of mutual funds to customers. Margin
          interest, marketing and distribution fees are recorded as earned.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Principal Transactions</font></div>
      <div><br>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Principal transactions primarily represent riskless transactions in which the Company, after executing a solicited
          order, buys or sells securities as principal and at the same time buys or sells the securities with a markup or markdown to satisfy the order. Principal transactions are recognized at a point in time on the trade date when the performance
          obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been
          transferred to/from the customer.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 31</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Commissions and Fees</font></div>
      <div><br>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company earns commission revenue for executing trades for clients in individual equities, options, insurance
          products, futures, fixed income securities, as well as certain third party mutual funds and ETFs. Commission revenue associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, is
          recognized at a point in time on the trade date when the performance obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the
          pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer.</font></div>
      <div><br>
      </div>
      <div></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Advisory Fees</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company earns advisory fees associated with managing client assets. The performance obligation related to its
          revenue stream is satisfied over time; however, the advisory fees are variable as they are charged as a percentage of the client&#8217;s total asset value, which is determined at the end of the quarter.</font></div>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table presents the major revenue categories and when each category is recognized:</font></div>
      <div><br>
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            <td valign="bottom" style="vertical-align: top; width: 54%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 21%;">&#160;</td>
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          <tr>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue Category</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 21%; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: center;"> <font style="font-weight: bold;">Timing of Recognition </font></td>
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            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 54%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Trading Execution and Clearing Services</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 21%;">&#160;&#160;&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 54%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Commissions and fees</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,504,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4,801,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 21%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Recorded on trade date</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 54%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160; Principal transactions</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,020,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,639,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 21%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Recorded on trade date</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 54%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160; Advisory fees and additional income</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">70,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 21%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Recorded as earned</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 54%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 21%;">&#160;&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 54%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Other Income</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 21%; background-color: rgb(255, 255, 255);">&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 54%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Margin interest, marketing and distribution fees</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 21%;">&#160;&#160;&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 54%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Margin interest</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 21%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Recorded as earned</font></div>
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          <tr>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,265,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Recorded as earned</font></div>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 54%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10,928,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,600,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 21%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px;">&#160;&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 54%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Revenue</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">13,110,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 21%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table presents each revenue category and its related performance obligation:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="ze38102e02c4b4de6af82983c4200bd37" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue Stream</font></div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Performance Obligation</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Principal transactions, Commissions and fees, Advisory fees and additional income</font></div>
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            <td style="width: 50%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Provide security trading services to customer and act as agent</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Margin interest, marketing and distribution fees</font></div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">n/a</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 32</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div></div>
      <div></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Disaggregation of Revenue</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the legacy Siebert
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      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc4fd0053dac345afb5511ba032f9d7c5" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year Ended December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #FFFFFF;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #FFFFFF;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #FFFFFF;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue from Principal transactions:</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Principal transactions &#8211; Legacy Siebert</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">490,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Principal transactions &#8211; StockCross Retail Assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,126,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,149,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Revenue from Principal transactions</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,020,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,639,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Commissions and fees &#8211; Legacy Siebert</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Commissions and fees &#8211; StockCross Retail Assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,712,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">274,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Total Revenue from Commissions and fees</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,504,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4,801,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Revenue from Margin interest, marketing and distribution fees:</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Margin interest, marketing and distribution&#160;fees &#8211; Legacy Siebert</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,674,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,409,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Margin interest, marketing and distribution fees &#8211; StockCross Retail Assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,254,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">191,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Revenue from Margin interest, marketing and distribution fees</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10,928,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,600,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Additional Revenue:</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Advisory fees &#8211; Legacy Siebert</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">478,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">51,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Interest &#8211; Legacy Siebert</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">106,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Revenue</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">30,036,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">13,110,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Income Taxes</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The results of operations are included in the consolidated federal income tax return of the Company as well as the
          consolidated or standalone state and local income tax returns of the Company and/or its subsidiaries. The amount of current and deferred taxes payable or refundable is recognized as of the date of the financial statements, utilizing currently
          enacted tax laws and rates. Deferred tax expenses or benefits are recognized in the financial statements for the changes in deferred tax liabilities or assets between years.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company records accruals for uncertain tax positions when the Company believes that it is not more likely than not
          that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The Company makes adjustments to these accruals when facts and circumstances change, such as the closing of a tax
          audit or the refinement of an estimate. The Company had no uncertain tax positions as of December 31, 2018 and 2017.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company recognizes deferred tax assets to the extent that the Company believes these assets are more likely than not
          to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversal of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and
          results of recent operations. To the extent the Company determines that realization of deferred tax assets is not "more likely than not," the Company establishes a valuation allowance. As a result, the amount of the deferred tax assets considered
          realizable could be reduced in the near term if estimates of future taxable income are reduced. Such an occurrence could materially impact the Company&#8217;s results of operations and financial condition.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Evaluation of Subsequent Events</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company has evaluated events that have occurred subsequent to December 31, 2018 and through March 26, 2019, the date
          of the filing of this report. As previously disclosed in a Current Report on Form 8-K on January 18, 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. The number of shares purchased by the Company was 922,875 at a
          per share price of approximately $3.97.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">There have been no additional material subsequent events that occurred during such period that would require disclosure
          in this report or would be required to be recognized in the financial statements as of December 31, 2018.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 33</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Capital Stock</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The authorized capital stock of the Company consists of a single class of common stock.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Per Share Data</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average outstanding common
          shares during the year. Diluted earnings per share is calculated by dividing net income by the number of shares outstanding under the basic calculation and adding, all dilutive securities, which consist of options.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Recently Issued Accounting Pronouncements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">ASU 2016-02</font> &#8211; In
          February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard
          establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with
          classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company expects to adopt the new standard
          on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the beginning
          of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application. Consequently,
          financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The Company expects to recognize a material asset and a corresponding liability with
          no material impact to operating results.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Recently Adopted Accounting Pronouncements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">ASU 2014-09</font> &#8211; In
          May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common
          revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). In March 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue
          Gross versus Net)." ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations
          and Licensing." ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. These ASUs are effective for
          public entities for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.
          The Company adopted this guidance starting the first quarter of 2018. Entities have the choice to apply these ASUs either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying these standards at
          the date of initial application and not adjusting comparative information. The Company has adopted ASC 606 using the modified retrospective method (i.e., cumulative effect method).</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 34</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">3. Receivables from and Payable to Brokers, Dealers, and Clearing Organizations</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the
          periods indicated:</font></div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z21395d04d0c14a568ce8552ad87eaa53" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Receivables from clearing and other brokers</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;NFS</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,664,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,396,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;StockCross</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">310,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Other receivables</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">31,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Citibank</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">25,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Receivables from clearing and other brokers</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2,030,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">1,396,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Receivable from related party</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;StockCross</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,000,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">283,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Receivable from related party</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">1,000,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">283,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Due to clearing brokers and related parties</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;NFS</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">58,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;StockCross</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">127,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;MSCO</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">29,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Due to clearing brokers and related parties</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">133,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">127,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>

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      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">4. Furniture, Equipment and Leasehold Improvements, Net</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Furniture, equipment and leasehold improvements consisted of the following as of the periods indicated:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zdb693312fb134332902f434366b1b8cc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Leasehold improvements</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">545,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">267,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Equipment</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">52,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">52,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Furniture, equipment, and leasehold improvements</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">597,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">319,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Less accumulated depreciation and amortization</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(129,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(56,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Furniture, equipment, and leasehold improvements, net</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">468,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">263,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">5. Software, Net</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Software consisted of the following as of the periods indicated:</font></div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z26b170d46b5c43e186552b3afdaa3258" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Intangible asset &#8211; Robo-Advisor</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">763,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Other purchased software</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">459,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">97,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Software</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,222,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">97,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Less accumulated amortization &#8211; Robo-Advisor</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Less accumulated amortization &#8211; Other purchased software</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(85,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(13,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Software, net</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">1,137,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">84,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company generally recognizes software initially at cost and amortize over the estimated useful life of 3 years. In
          line with the Company&#8217;s policy, the basis for determining the amount capitalized for the Robo-Advisor software was determined based on the price paid to acquire KCAT. The Company estimates future amortization related to all software assets of
          $398,000, $398,000 and $341,000 in the years ending December 31, 2019, 2020, and 2021, respectively.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 35</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">6. Income Taxes</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Income taxes consist of the following:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Current income tax (benefit) / expense, which represents the amount of federal tax and state and local tax currently
          payable or receivable, including interest and penalties and amounts accrued for unrecognized tax benefits, if any, and;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Deferred income tax (benefit) / expense, which represents the net change in the deferred tax assets or liability balance
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          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Current</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Federal</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">153,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Deferred</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Federal</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;State and local</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2,328,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Deferred</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(5,576,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">&#160;Total Income tax (benefit) / expense</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
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      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Effective Income Tax Rate Reconciliation</font></div>
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      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z1fd6a6d5accf40e19fada46a258578b2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year Ending December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Federal statutory income tax rate</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">21.0</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">34.0</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #FFFFFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Net effect of:</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Non-deductible expenses</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.2</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.2</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #FFFFFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Depreciation</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(0.9</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(4.5</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Tax amortization of intangible assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(3.8</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(1.6</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #FFFFFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Other temporary differences</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(1.3</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(12.1</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Net operating loss</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2.6</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(13.2</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Increase due to state and local taxes, net of U.S.</font></div>
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;federal income tax effects</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: middle; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">0.6</font></div>
            </td>
            <td nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: middle; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">%</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: middle; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">2.8</font></div>
            </td>
            <td nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); text-align: left; vertical-align: middle; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total Current effective income tax rate</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13.2</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6.6</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Reversal of deferred tax assets valuation allowance</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(75.8</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Effective income tax rate</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(62.6</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">6.6</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Tax Cuts and Jobs Act</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In regard to the effect of the Tax Cuts and Jobs Act, which lowered U.S. federal corporate income tax rates from 34% to
          21%, the Company determined that the primary impact was a reduction in income tax expense in 2018 as well the projected income tax expense subsequent years. The statutory federal income tax rate in effect of 21% as of January 1, 2018 was utilized
          to calculate the income tax provision and the deferred tax assets as of December 31, 2018. As such, the change in federal income tax rates affected the valuation of the gross deferred tax assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Net Operating Losses</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company&#8217;s pre-tax federal and state and local NOLs for tax purposes as of December 31, 2018 were approximately $16.1
          million and $27.1 million, respectively, which expire by 2036. The federal NOL carryforwards have been reduced by the impact of annual limitations of approximately $895,000 per year as described in the Internal Revenue Code Section 382 that arose
          as a result of an ownership change. Deferred tax assets are reported net of NOLs that have expired or are not expected to be utilized in the future.</font></div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 36</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Income Tax Examinations</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is subject to federal, state, and local tax examinations for a period typically between three and four
          years. The Company is currently under tax examination by the State of New York for tax years 2012 through 2014. As of December 31, 2018, the State of New York has not proposed any adjustment to the Company&#8217;s tax position. Except for the
          examination described above, the Company is not under any other tax examinations.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Unrecognized Tax Benefits</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company applied the &#8220;more-likely-than not&#8221; recognition threshold to all tax positions taken or expected to be taken
          in a tax return which resulted in no unrecognized tax benefits reflected in the financial statements as of December 31, 2018. The Company classifies interest and penalties that would accrue according to the provisions of relevant tax law as
          income taxes.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Deferred Tax Assets</font></div>
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The evaluation of the recoverability of the
            deferred tax assets and the need for a valuation allowance requires the Company to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax assets will be
            realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a
            conclusion that a valuation allowance is not needed.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company&#8217;s framework for assessing the
            recoverability of the deferred tax assets requires a determination of whether or not there is sufficient taxable income of appropriate character within the carryback, carryforward period available under tax law. The Company considers of all
            available evidence, including:</font></font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z1f2666f54bfe4950bab7dccf73bf9895" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Taxable income in carryback years if carryback is permitted;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z21ccc27af3e945b2991a0be53352be12" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Future reversals of existing taxable temporary differences;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z640704d386b0425b8e4ef41e01a923c2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Tax planning strategies; and</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z34dc6c98a1a44ab1a95b2d9904efad57" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Projected future taxable income exclusive of reversing temporary difference.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In assessing projected future taxable income, the Company considers all evidence, including:</font></div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze631ab49741b47ae9fe4e106055b5bc7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The nature, frequency, and amount of cumulative financial reporting income and losses in recent years;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z19a9fcb20c07447caec61f6693976078" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The sustainability of recent operating profitability of the Company;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zc2524c7c6c5247a0a1dba52be74849da" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The predictability of future operating profitability of the character necessary to realize the net deferred tax assets;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z17b3667db070414692469f6e0cd8e051" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The carryforward period for the net operating loss, including the effect of reversing taxable temporary differences; and</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z68937d0f7fe6411a9c08c6700535de92" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: Symbol, serif;">&#8226;</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Prudent and feasible actions and tax planning strategies that would be implemented, if necessary, to protect against the loss of
                    the deferred tax assets.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In performing the assessment of the
            recoverability of the deferred tax assets under this framework, the Company also considers tax laws governing the utilization of the net operating loss in each applicable jurisdiction.</font></font></div>
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      </div>
      <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For the year ended December 31, 2018, the
            Company achieved key financial milestones such as having three years of cumulative taxable income and generating four consecutive quarters of pre-tax profitability generally greater than $1 million which led to a re-evaluation of the deferred
            tax assets. As of December 31, 2018, </font>the Company determined that sufficient positive evidence existed to conclude that it is more likely than not that deferred taxes of $5,576,000 were realizable, and therefore, a valuation allowance
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      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 37</font></div>
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div></div>
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          amounts were adjusted to reflect the impact from the Tax Cuts and Jobs Act:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf40be1eedbdb466fa509b6f3db3144f9" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of December 31,</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Deferred tax assets</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Net operating loss carryforwards</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,811,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,596,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,811,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,596,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Deferred tax liabilities</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Furniture, equipment and leasehold improvements</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(193,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(79,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Contribution carryover</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">126,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Intangible assets</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(25,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Other reconciling items</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(42,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(235,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">22,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,576,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,618,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Valuation allowance</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(6,618,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">&#160;Deferred tax assets, net of valuation allowance</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">5,576,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">7. Capital Requirements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO is subject to the SEC&#8217;s Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net
          capital. MSCO has elected to use the alternative method permitted by the rule which requires that MSCO maintain minimum net capital, as defined, equal to the greater of $250,000, or 2% of aggregate debit balances arising from customer
          transactions, as defined. The net capital rule also provides that equity capital may not be withdrawn or cash dividends paid if resulting net capital would be less than 5% of aggregate debits. As of December 31, 2018, MSCO had net capital of
          approximately $8.9 million, which was $8.7 million in excess of required net capital of $250,000. As of December 31, 2017, MSCO had net capital of approximately $4.4 million, which was $4.2 million in excess of required net capital of $250,000.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">MSCO claims exemption from the reserve requirements under the SEC&#8217;s Rule 15c 3-3 pursuant to paragraph (k)(2)(ii) as it
          clears its customer transactions through one unaffiliated and one affiliated clearing firm on a fully disclosed basis.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our cash and cash equivalents are unrestricted and are used to fund our working capital needs. The Company&#8217;s total
          assets as of December 31, 2018 were approximately $18.2 million, of which $7.2 million, or approximately 40%, is highly liquid. The Company&#8217;s total assets as of December 31, 2017 were approximately $6.0 million, of which $3.8 million, or
          approximately 62%, is highly liquid.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">8. Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail customer transactions are cleared, on a fully disclosed basis, through two clearing brokers, one of which is an
          affiliate. In the event that customers are unable to fulfill their contractual obligations, the clearing broker may charge the Company for any loss incurred in connection with the purchase or sale of securities at prevailing market prices to
          satisfy customers' obligations. The Company regularly monitors the activity in its customer accounts for compliance with its margin requirements. Securities transactions entered into as of December 31, 2018 have settled subsequent thereto with no
          material adverse effect on the Company's financial statements.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Credit risk represents the potential loss that would occur if counterparties fail to perform pursuant to the terms of
          their obligations. The Company is subject to credit risk to the extent a custodian or broker with whom it conducts business is unable to fulfill contractual obligations.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">9. Commitments, Contingencies and Other</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Lease Commitments</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company rents office space under operating leases expiring in 2019 through 2024. The leases call for base rent plus
          escalations as well as property taxes and other operating expenses.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 38</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Future annual minimum base rental payments under these operating leases are as follows as of December 31, 2018:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z1fb0dbd4bd414495920bbdb79f7850bf" style="width: 40%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Amount</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2019</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">686,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2020</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">651,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2021</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">628,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2022</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">489,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;2023 and thereafter</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">507,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2,961,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Rent and related operating expenses amounted to $988,000 and $437,000 for the years ended December&#160;31, 2018 and 2017,
          respectively.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As part of the Company&#8217;s renovation of its office in Jersey City, as of December 31, 2018, the Company has a receivable
          from the landlord of $171,000 for tenant improvements that will be reimbursed to the Company upon the completion of the renovation. In line with the guidance under ASC 840, the Company has a tenant improvement asset and corresponding lease
          incentive liability recorded for this lease. The lease incentive liability will be amortized into income ratably over the life of the lease.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Legal and Regulatory Matters</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion
          of the Company, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">General Contingencies</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion
          of the Company&#8217;s management, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In the normal course of its business, the Company indemnifies and guarantees certain service providers against specified
          potential losses in connection with their acting as an agent of, or providing services to, the Company. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated.
          However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company provides representations and warranties to counterparties in connection with a variety of commercial
          transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event
          additional taxes are owed or payments are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The
          maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these
          arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company is self-insured with respect to employee health claims. The Company maintains stop-loss insurance for
          certain risks and has a health claim reinsurance limit capped at approximately $50,000 per employee. The estimated liability for self-insurance claims is initially recorded in the year in which the event of loss occurs, and may be subsequently
          adjusted based upon new information and cost estimates. Reserves for losses represent estimates of reported losses and estimates of incurred but not reported losses based on past and current experience. Actual claims paid and settled may differ,
          perhaps significantly, from the provision for losses. This adds uncertainty to the estimated reserves for losses. Accordingly, it is at least possible that the ultimate settlement of losses may vary significantly from the amounts included in the
          financial statements.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As part of this plan, the Company recognized expenses totaling $935,000 and $546,000 for the years ended December 31,
          2018 and 2017, respectively. The Company had an accrual of $50,000 and $28,000 as of the years ended December 31, 2018 and 2017, respectively, which represents the historical estimate of future claims to be recognized for claims incurred prior to
          December 31, 2018 and 2017, respectively.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 39</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company believes that its present insurance coverage and reserves are sufficient to cover currently estimated
          exposures, but there can be no assurance that the Company will not incur liabilities in excess of recorded reserves or in excess of its insurance limits.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">10. Employee Benefit Plans</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company sponsors a defined-contribution retirement plan under Section&#160;401(k) of the Internal Revenue Code that
          covers substantially all employees. Participant contributions to the plan are voluntary and are subject to certain limitations. The Company may also make discretionary contributions to the plan. No contributions were made by the Company in 2018
          or 2017.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">11. Related Party Disclosures</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">StockCross</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">StockCross and the Company are under common ownership and StockCross serves as one of the two clearing brokers for the
          Company. StockCross has a clearing agreement with MSCO in which StockCross passes through all revenue and charges MSCO for related clearing expenses. Outside of the clearing agreement, MSCO has an expense sharing agreement with StockCross for its
          Beverly Hills office. In addition, StockCross pays some of the vendors for miscellaneous expenses which it passes through to MSCO. Lastly, as of December 31, 2018, MSCO had receivables from StockCross totaling approximately $1.3 million
          consisting of financing for inventory positions, the net monthly clearing fees StockCross owes MSCO, and a clearing deposit. As of December 31, 2017, MSCO had a receivable from StockCross totaling $283,000.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">KCA</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">KCA is an affiliate of the Company and StockCross. To gain efficiencies and economies of scale with billing and
          administrative functions, KCA serves as a paymaster for the Company and StockCross for compensation and benefits expenses, the entirety of which KCA passes through to the Company and StockCross proportionally. In addition, KCA has purchased the
          naming rights for the Company for the Company to use.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">PWC</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">PWC brokers the insurance policies for related parties. Revenue for PWC from related parties totaled $28,000 for the
          year ended December 31, 2018.</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;"> </font><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Scilent Networks LLC (Scilent Networks)</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Scilent Networks is a technology wholesaler owned by a Siebert executive that buys technology and related services on
          behalf of the Company at a reduced cost and then passes through the cost to the Company. Total expenses related to Scilent Networks totaled $133,000 and $112,000 for the years ended December 31, 2018 and 2017, respectively.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">12. Summarized Quarterly Financial Data (unaudited)</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zbca06deeda8a416d93c69c929b4bfa66" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="14" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> 2018</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left;">&#160;</td>
            <td colspan="1" style="border-left: 1px solid #000000; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="14" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 20%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Q1</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Q2</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Q3</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Q4</font></div>
            </td>
            <td colspan="1" style="border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left;">&#160;</td>
            <td colspan="1" style="border-bottom: 2px solid; border-left: 1px solid #000000; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Q1</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Q2</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Q3</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Q4</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 20%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Revenue</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8,177,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,488,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,884,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,487,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255);">&#160;</td>
            <td colspan="1" style="border-left: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,379,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,689,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,089,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4,953,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income (loss)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,693,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,799,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,119,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,351,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="border-left: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">58,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">365,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,001,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">733,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 20%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Net income (loss) per share:</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255);">&#160;</td>
            <td colspan="1" style="border-left: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Continuing operations</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.06</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.07</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.11</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.20</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="border-left: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.00</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.02</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.05</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.03</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 20%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Discontinued operations</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255);">&#160;</td>
            <td colspan="1" style="border-left: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE<a name="ITEM9.CHANGESINANDDISAGRE"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">None</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 40</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 9A. CONTROLS AND PROCEDURES<a name="ITEM9A.CONTROLSANDPROCEDU"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Disclosure Controls and Procedures</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We carried out an evaluation, under the supervision and with the participation of our management, including our
          Executive Vice President/Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15(e) or Rule 15d-15(e) of the
          Exchange Act. Based on that evaluation, our management, including the Executive Vice President/Chief Financial Officer, concluded that our disclosure controls and procedures are effective to ensure that the information we are required to disclose
          in reports that we file or submit under the Exchange Act, is recorded, processed, summarized, and reported within the time periods specified in the rules and forms of the SEC, and to ensure that information required to be disclosed is accumulated
          and communicated to our management, including our Executive Vice President/Chief Financial Officer, to allow timely decisions regarding required disclosure.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Based on its evaluation, our management, including our Executive Vice President/Chief Financial Officer, concluded that
          as of the end of the period covered by this annual report, our disclosure controls and procedures were effective.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Changes in Internal Control over Financial Reporting</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="background-color: #FFFFFF; font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We have
            implemented a number of measures to address the material weaknesses identified in our internal controls over financial reporting which were disclosed in our 2017 Form 10-K. During 2018, we increased our accounting staff by hiring an individual
            with appropriate experience applying GAAP technical accounting guidance. We have also engaged an independent CPA/Consultant who has extensive experience in SEC reporting, internal controls, and compliance and has been intimately involved in
            these areas to remediate the material weaknesses identified. We designed additional controls around identification, documentation and application of technical accounting guidance with particular emphasis on events outside the ordinary course of
            business. These controls include the implementation of additional supervision and review activities by qualified personnel, the preparation of formal accounting memoranda to support our conclusions on technical accounting matters, and the
            development and use of checklists and research tools to assist in compliance with GAAP regarding complex accounting issues.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Management&#8217;s Report on Internal Control over Financial Reporting</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as
          that term is defined in Exchange Act Rule 13a-15(f)). Our internal control over financial reporting includes policies and procedures that pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect transactions
          and dispositions of assets; provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and
          expenditures are being made only in accordance with authorizations of management and the directors of the Company; and provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the
          Company&#8217;s assets that could have a material effect on our financial statements.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that
          the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent
          limitations in a cost-effective control system, no evaluation of internal control over financial reporting can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud,
          if any, within our Company have been detected. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Management does not expect that the
          Company&#8217;s disclosure controls and procedures or its internal control over financial reporting will prevent or detect all errors and all fraud.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">To evaluate the effectiveness of our internal control over financial reporting, we use the 2013 framework in Internal
          Control&#8212;Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (the &#8220;2013 COSO Framework&#8221;). Using the 2013 COSO Framework, our management, including our Executive Vice President/Chief Financial
          Officer, evaluated our internal control over financial reporting and concluded that our internal controls over financial reporting were effective as of December 31, 2018 to provide reasonable assurance regarding the reliability of financial
          reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 9B. OTHER INFORMATION<a name="ITEM9B.OTHERINFORMATION"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">None.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 41</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <div style="text-align: center; margin-left: 15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART III<a name="PARTIII"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE<a name="ITEM10.DIRECTORSEXECUTIVE"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Identification of Directors</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The names of our Directors and their ages, positions, and biographies are set forth below.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Gloria E. Gebbia</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Age 76</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Gloria E. Gebbia is the manager and owner of the majority issued and outstanding voting member interests of KCA. Ms.
          Gebbia is an owner and a director of StockCross. Additionally, Ms. Gebbia also serves as the President of Associates for Breast and Prostate Cancer Research, a non-profit organization that raises funds for the John Wayne Cancer Institute, which,
          under Ms. Gebbia&#8217;s leadership, has raised over $16 million for breast and prostate cancer research.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Charles A. Zabatta</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Age 76</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Charles A. Zabatta served as a consultant to StockCross from 2011 until 2016, acting as its head of Corporate
          Development. Mr. Zabatta has and continues to have a distinguished and successful career, predominately in the financial services industry, including holding various positions with the New York Stock Exchange, Paine Webber, Securities Settlement
          Corp., Josephthal Lyon &amp; Ross, Kennedy Cabot &amp; Co. and TD Waterhouse. Mr. Zabatta&#8217;s creative business skills have been instrumental in several acquisitions of small to midsize companies in various industries. Mr. Zabatta currently advises
          on capital raising, general business structure and management. Previously, Mr. Zabatta has served as a member of the board of Knight Capital and Kennedy Cabot &amp; Co. Currently, Mr. Zabatta serves on the board of Paraco Gas Corporation, a large
          privately held independent energy company in the Northeast. Mr. Zabatta holds a B.A. in Industrial Psychology from Iona College.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Francis V. Cuttita</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Age 50</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Francis V. Cuttita is a Senior Partner of Cuttita, LLP, a New York based law firm. Mr. Cuttita has over 24 years of
          practicing law in the areas of real estate and business transactions, media, sports and entertainment. Mr. Cuttita&#8217;s list of clients include Fortune 100 corporations, CEOs, hedge fund managers, legendary professional athletes, entertainment icons
          and Grammy award winning musicians. Mr. Cuttita also serves as an advisor to several national financial, insurance and sports businesses and is an active supporter and member of various nonprofit organizations. Mr. Cuttita graduated from
          Swarthmore College and received his law degree from Fordham University School of Law.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Andrew H. Reich</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Age 63</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich held various executive positions in StockCross beginning in 2002 and was StockCross&#8217; Chairman from 2015
          to December 16, 2016. Additionally, Mr. Reich is the owner of Aarianna Realty Inc., a real estate company, has previously served as the CFO of Gebbia Holding Co., a holding company for Ms. Gebbia&#8217;s family through 2014, and as CFO of PWC, owned by
          Gloria Gebbia&#8217;s children, which was acquired by the Company for its cash value in March 2018. Mr. Reich has more than 20 years of experience in the financial industry, including more than fourteen years in various senior management roles at
          StockCross. Mr. Reich holds an M.B.A. from the University of Southern California and a B.B.A. from the Bernard Baruch College.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Jerry M. Schneider, CPA</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Age 74</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Jerry M. Schneider, is a certified public accountant and has over 40 years of relevant accounting experience. Mr.
          Schneider is licensed to practice public accounting in New York and Florida and is a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants and the Florida Society of Certified
          Public Accountants. Mr. Schneider was the Managing Partner of Schneider &amp; Associates LLP, a CPA firm with approximately 20 professional staff and was the driving force in that firm&#8217;s growth and development until it merged with Marks Paneth
          LLP in 2008. From January 2011 to December 1, 2017, Mr. Schneider was a Partner Emeritus and Senior Consultant at Marks Paneth LLP. Mr. Schneider is also a member of the Board of Directors of Prometheum, Inc., a development stage blockchain based
          digital security platform. He was appointed to the Board of Directors and Audit Committee of Fiduciary Trust International South (a subsidiary of Fiduciary Trust International, which is owned by Franklin Templeton) and a member of the Audit
          Committee in 2018. Mr. Schneider&#8217;s practice was concentrated in the areas of business planning, high net worth individuals, manufacturing, retailing, securities broker-dealers, the hospitality industry and private educational institutions.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 42</font></div>
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      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Identification of Executive Officers</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z427109578dda4359a0c6265ef2b598f4" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Name</font></div>
            </td>
            <td style="width: 2.03%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Age</font></div>
            </td>
            <td style="width: 2.1%; vertical-align: top;">&#160;</td>
            <td style="width: 77%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Position</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich</font></div>
            </td>
            <td style="width: 2.03%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">63</font></div>
            </td>
            <td style="width: 2.1%; vertical-align: top;">&#160;</td>
            <td style="width: 77%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Executive Vice President, Chief Operating Officer, Chief Financial Officer and Secretary</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 2.03%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 2.1%; vertical-align: top;">&#160;</td>
            <td style="width: 77%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Mr. Reich has served as Executive Vice President, Chief Financial Officer and Assistant Secretary of the Company and Chief
                  Executive Officer of MSCO since December 16, 2016. Prior thereto, Andrew H. Reich served in a variety of executive positions with StockCross from 2002 until his resignation effective as of the Closing Date, he served as the Chairman of
                  StockCross. Additionally, Mr. Reich is the owner of Aarianna Realty Inc., a real estate company, has previously served as the CFO of Gebbia Holding Co., a holding company for Gloria E. Gebbia&#8217;s family through 2014, and as CFO of PWC. Mr.
                  Reich has more than 20 years of experience in the financial industry, including more than 14 years as senior management of StockCross. Mr. Reich holds a M.B.A. from The University of Southern California and a B.B.A. from the Bernard
                  Baruch College.</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Corporate Governance</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Board Meetings</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Board of Directors held five (5) regular meetings and two (2) special meetings during 2018. Each incumbent director
          attended at least 75% of his or her Board of Directors meetings and all of his or her committee meetings.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Controlled Company</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We are a &#8220;Controlled Company&#8221; as defined in Rule 5615(c)(1) of the Nasdaq Stock Market because Gloria Gebbia and her
          family members hold more than 50% of our voting power for the election of directors. As a &#8220;Controlled Company&#8221; we are not required to have a majority of our Board of Directors comprised of independent directors, a compensation committee comprised
          solely of independent directors or a nominating committee comprised solely of independent directors.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Audit Committee of the Board of Directors</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Audit Committee of our Board of Directors currently consists of Mr. Schneider, Chairman, Mr. Zabatta and Mr.
          Cuttita. The Board of Directors has determined that Mr. Schneider, Mr. Zabatta and Mr. Cuttita is each an &#8220;independent director&#8221; within the meaning of Rule 5605 (a)(2) of the Nasdaq Stock Market and within the meaning of the applicable rules and
          regulations of the SEC.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Audit Committee held eight (8) meetings during 2018.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Board of Directors has determined that Mr. Schneider qualifies as an &#8220;audit committee financial expert&#8221; under the
          applicable rules of the SEC.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Audit Committee was established to (i) assist the Board of Directors in its oversight responsibilities regarding the
          integrity of our financial statements, our compliance with legal and regulatory requirements and our auditor&#8217;s qualifications and independence, (ii) prepare the report of the Audit Committee contained herein, (iii) retain, consider the continued
          retention and termination of our independent auditors, (iv) approve audit and non-audit services performed by our independent auditors and (v) perform any other functions from time to time delegated by the Board of Directors. The Board of
          Directors has adopted a written charter for the Audit Committee, which is available on our website at www.siebertnet.com/company/governance.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Compensation Committee of the Board of Directors</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Compensation Committee of our Board of Directors currently consists of Mr. Zabatta and Mr. Cuttita. The Compensation
          Committee reviews and determines all forms of compensation provided to our executive officers and directors. The Compensation Committee will administer a stock option and other employee benefit plans if and when adopted. The Compensation
          Committee does not function pursuant to a formal written charter and as a &#8220;Controlled Company&#8221; we are not required to comply with the Nasdaq Stock Market&#8217;s independence requirements. The Compensation Committee held no meetings during 2018.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 43</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Compensation Committee will evaluate the performance of our executive officers in terms of our operating results and
          financial performance and will determine their compensation in connection therewith.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In accordance with general practice in the securities industry, our executive compensation includes base salaries, an
          annual discretionary cash bonus, and stock options and other equity incentives that are intended to align the financial interests of our executives with the returns to our shareholders. There were no material increases in compensation to our sole
          executive officer in 2018.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As part of its oversight of the Company&#8217;s executive compensation, the Compensation Committee will consider the impact of
          the Company&#8217;s executive compensation, and the incentives created by the compensation awards that it administers, on the Company&#8217;s risk profile. In addition, the Compensation Committee will review the Company&#8217;s compensation policies and
          procedures, including the incentives that they create and factors that may reduce the likelihood of excessive risk taking, to determine whether they present a significant risk to the Company.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Nominating Committee of the Board of Directors</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Nominating Committee of the Board of Directors currently consists of Mr. Zabatta and Mr. Cuttita. The Nominating
          Committee does not function pursuant to a formal written charter and as a &#8220;Controlled Company&#8221; we are not required to comply with the Nasdaq Stock Market&#8217;s independence requirements. The Nominating Committee did not meet in 2018.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The purpose of the Nominating Committee is to identify individuals qualified to become members of our Board of Directors
          and to recommend to the Board of Directors or the shareholders that such individuals be selected for directorship. In identifying and evaluating nominees for director, the Nominating Committee considers each candidate&#8217;s experience, integrity,
          background and skills as well as other qualities that the candidate may possess and factors that the candidate may be able to bring to the Board of Directors. We do not have a formal policy with regard to the consideration of diversity in
          identifying director nominees. However, the Board of Directors believes that it is essential that its members represent diverse viewpoints, with a broad array of experiences, professions, skills, geographic representation and backgrounds that,
          when considered as a group, provide a sufficient mix of perspectives to allow the Board of Directors to best fulfill its responsibilities to the long-term interests of our shareholders.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Nominating Committee will consider shareholder nominees for election to our Board of Directors. In evaluating such
          nominees, the Nominating Committee will use the same selection criteria the Nominating Committee uses to evaluate other potential nominees.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Indemnification of Officers and Directors</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We indemnify our executive officers and directors to the extent permitted by applicable law against liabilities incurred
          as a result of their service to us and against liabilities incurred as a result of their service as directors of other corporations when serving at our request. We have a director&#8217;s and officer&#8217;s liability insurance policy, underwritten by the
          American International Group, Inc., in the annual aggregate amount of $5 million. As to reimbursements by the insurer of our indemnification expenses, the policy has a $250,000 deductible; there is no deductible for covered liabilities of
          individual directors and officers.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Pursuant to the terms of the Acquisition Agreement, we obtained a director&#8217;s and officer&#8217;s liability policy for the
          Prior Board of Directors in the aggregate amount of $15 million, which was charged as an expense prior to new management acquiring control.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Annual Shareholders Meeting Attendance Policy</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">It is the policy of our Board of Directors that all of our directors are strongly encouraged to attend each annual
          shareholders meeting. All of our directors attended the 2018 annual meeting of shareholders.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Code of Ethics</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We have adopted a Code of Ethics for Senior Financial Officers applicable to our Chief Executive Officer, Chief
          Financial Officer, Treasurer, Controller, Principal Accounting Officer, and any of our other employees performing similar functions. A copy of the Code of Ethics for Senior Financial Officers is available on our website at
          www.siebertnet.com/company/governance.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Board Leadership Structure and Board of Directors</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our Board of Directors does not have a chairman nor a lead independent director. The Company believes this structure
          allows all of the directors to participate in the full range of the Board&#8217;s responsibilities with respect to its oversight of the Company&#8217;s management. The Board of Directors has determined that this leadership structure is appropriate given the
          size of the Company, the number of directors overseeing the Company and the Board of Directors&#8217; oversight responsibilities.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 44</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Board of Directors intends to hold at least four regular meetings each year to consider and address matters
          involving the Company. The Board of Directors also may hold special meetings to address matters arising between regular meetings. These meetings may take place in person or by telephone. The independent directors also regularly meet in executive
          sessions outside the presence of management. The Board of Directors has access to legal counsel for consultation concerning any issues that may occur during or between regularly scheduled Board meetings. As discussed above, the Board has
          established an Audit Committee, a Compensation Committee and a Nominating Committee to assist the Board in performing its oversight responsibilities.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">The Board of Directors&#8217; Role in Risk Oversight</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Consistent with its responsibility for oversight of the Company, the Board of Directors, among other things, oversees
          risk management of the Company&#8217;s business affairs directly and through the committee structure that it has established. The principal risks associated with the Company are risks related to securities market volatility and the securities industry,
          lower price levels in the securities markets, intense competition in the brokerage industry, extensive government regulation, net capital requirements, customers&#8217; failure to pay, investment banking activities, an increase in volume on our systems
          or other events which could cause them to malfunction, reliance on information processing and communications systems, continuing changes in technology, dependence on the ability to attract and retain key personnel, the ability of our principal
          shareholder to control many key decisions and there may be no public market for our Common Stock.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Board of Directors&#8217; role in the Company&#8217;s risk oversight process includes regular reports from senior management on
          areas of material risk to the Company, including operational, financial, legal, regulatory, strategic and reputational risks. The full Board of Directors (or the appropriate committee) receives these reports from management to identify and
          discuss such risks.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Board of Directors periodically reviews with management its strategies, techniques, policies and procedures designed
          to manage these risks. Under the overall supervision of the Board of Directors, management has implemented a variety of processes, procedures and controls to address these risks.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Board of Directors requires management to report to the full Board of Directors on a variety of matters at regular
          meetings of the Board of Directors and on an as-needed basis, including the performance and operations of the Company and other matters relating to risk management. The Audit Committee also receives reports from the Company&#8217;s independent
          registered public accounting firm on internal control and financial reporting matters. These reviews are conducted in conjunction with the Board of Directors&#8217; risk oversight function and enable the Board of Directors to review and assess any
          material risks facing the Company.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Compliance with Section 16(a) of the Exchange Act</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Section 16(a) of the Exchange Act requires our executive officers and directors and persons who beneficially own more
          than 10% of our Common Stock to file initial reports of ownership and reports of changes in ownership with the SEC. These executive officers, directors and shareholders are required by the SEC to furnish us with copies of all forms they file
          pursuant to Section 16(a).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Based upon a review of Section 16(a) forms furnished to the Company, the Company believes that all applicable Section
          16(a) filing requirements were met during the year ended December 31, 2018, except that Richard Gebbia and David Gebbia were late in filing Form 3&#8217;s after they became members of a group holding more than 10% of our Common Stock, as reported in a
          Schedule 13D amendment (amendment 4) filed April 25, 2018.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Advisors to the Company</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Special Advisor to the Board of Directors</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In February 2017, the Board of Directors appointed John J. Gebbia as a Special Advisor to the Board of Directors. John
          J. Gebbia commenced his employment in the brokerage industry in 1959. In 1962, Mr. Gebbia became Executive Vice President of Walston &amp; Company. After becoming CEO of Jesup &amp; Lamont, an institutional brokerage firm, Mr. Gebbia purchased
          the company in 1983. Thereafter, Mr. Gebbia owned and/or controlled various brokerage firms including Kennedy Cabot &amp; Co., which was sold in 1997 to Toronto Dominion Bank for $160,000,000. Mr. Gebbia controls various companies in the
          insurance, sports management &amp; home building industries.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Senior Advisors</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">John M. Gebbia and Richard Gebbia, sons of Gloria E. Gebbia and John J. Gebbia, are registered with MSCO and will be
          serving as Registered Principals and associated persons of MSCO. They are also serving as executive officers and directors of StockCross. Both Richard and John M. Gebbia have extensive experience in the securities industry and will be working
          with MSCO and senior management of the Company to identify cost saving opportunities and improvements of the Company&#8217;s business.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 45</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">John M. Gebbia has been in the brokerage industry in various capacities since 1990. Mr. Gebbia was the President and CEO
          of Kennedy Cabot &amp; Co., from 1992 to 1997 when it was acquired by Toronto Dominion Bank. Thereafter he was active with various Gebbia family businesses. Since 2007, Mr. Gebbia has been associated with StockCross, most recently as a Director
          and its Executive Vice President. Mr. Gebbia is the CEO of AdvisorNXT.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Richard S. Gebbia has been in the brokerage industry since 1993. Since 2002, Mr. Gebbia has been associated with
          StockCross in various capacities. Mr. Gebbia is currently the CEO and a Director of StockCross.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David J. Gebbia has been in the brokerage industry since 1993. Mr. Gebbia is currently the President of the Company&#8217;s
          insurance company, PWC.</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 11. EXECUTIVE COMPENSATION<a name="ITEM11.EXECUTIVECOMPENSAT"><!--Anchor--></a><font style="font-size: 10pt;
            font-family: 'Times New Roman', Times, serif;"><br>
          </font></font><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Summary Compensation Table</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table shows, during the years ended December 31, 2018 and 2017, the annual compensation paid to or earned
          by our current Executive Vice President, Chief Operating Officer and Chief Financial Officer (the &#8220;Named Executive Officer&#8221;).</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zc55a6161fea64275b052ac3c0a553a1b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 11%;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Name and</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Principal Position</font></div>
            </td>
            <td valign="bottom" style="vertical-align: middle; width: 6%;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Year</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Salary</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Bonus</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Stock</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Awards</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Option</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Awards</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">($)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Non-Equity</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Incentive Plan Compensation</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Non-Qualified</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Deferred</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Compensation Earnings ($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">All Other Compensation</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Totals ($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 11%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></font></div>
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            <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 6%;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2018</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">200,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">30,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 8%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 8%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 8%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">230,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 11%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Executive Vice President,</font></div>
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Chief Operating Officer and Chief Financial Officer</font></div>
            </td>
            <td style="vertical-align: middle; width: 6%; background-color: rgb(255, 255, 255); text-align: right;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">2017</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="text-align: left; vertical-align: middle; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">208,462</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="text-align: left; vertical-align: middle; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">25,000</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 8%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 8%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 8%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="1" style="text-align: left; vertical-align: middle; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: middle; text-align: right; width: 7%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">233,462</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1)</sup> Represents the dollar amount recognized for financial statement reporting in accordance with ASC Topic 718. Mr. Reich was
          named to the positions of Executive Vice President, Chief Operating Officer and Chief Financial Officer effective December 16, 2016.</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Grants of Plan-Based Awards</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">No options were granted to purchase our Common Stock or other equity awards under our 2007 Long-Term Incentive Plan to
          any of our Named Executive Officers in 2018 or 2017. This plan has been terminated.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Outstanding Equity Awards as of December 31, 2018</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As of December 31, 2018, the Company had no outstanding equity awards.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Termination of Employment and Change-in-Control Arrangements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Employment Agreements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We are not a party to an employment agreement with any Named Executive Officer. All of our Named Executive Officers are
          employees at will.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Option Agreements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As of December 31, 2018, we had no option agreements with our Named Executive Officers.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 46</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Compensation of Directors</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In December 2018, the annual fee payable to Francis V. Cuttita, Charles Zabatta, and Jerry M. Schneider for service on
          our Board of Directors was set at $125,000. Mrs. Gebbia and Mr. Reich were not compensated as Board Members in 2018. Director&#8217;s fees and expenses are paid periodically.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table discloses the cash, equity awards, and other compensation earned, paid, or awarded, as the case may
          be, to each of the Company&#8217;s directors during the year ended December 31, 2018.</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zc4289dc809ab4b9183571f91abeaa3c0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Name</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Fees Earned</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">or Paid in</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Cash ($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Stock</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Awards ($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Option</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Awards ($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Non-Equity</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Incentive Plan Compensation</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Nonqualified</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Deferred</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Compensation</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Earnings ($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">All Other</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Compensation</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total ($)</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 16%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Gloria E. Gebbia</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">125,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8212;</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">125,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">125,000</font></div>
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      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Audit Committee Report to Shareholders</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Audit Committee has reviewed and discussed with management the audited financial statements for the fiscal year
          ended December 31, 2018. The Audit Committee has also discussed with our independent registered public accounting firm the matters required to be discussed by Auditing Standards No. 16, adopted by the PCAOB (United States) regarding,
          &#8220;Communications with Audit Committees,&#8221; including our critical accounting policies and our interests, if any, in &#8220;off-balance sheet&#8221; entities. Additionally, the Audit Committee has received the written disclosures and representations from the
          independent registered public accounting firm required by applicable requirements of the PCAOB (United States) regarding &#8220;Communication with Audit Committees Concerning Independence.&#8221;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Based on the review and discussions referred to within this report, the Audit Committee recommended to the Board of
          Directors that the audited financial statements for the fiscal year ended December 31, 2018 be included in Siebert Financial Corp.&#8217;s Annual Report on Form 10-K for filing with the SEC.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Audit Committee,</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Jerry M. Schneider, CPA, Chairman</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Charles Zabatta</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Francis V. Cuttita</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 47</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS<a name="ITEM12.SECURITYOWNERSHIPO"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table lists share ownership of our Common Stock as of March 31, 2018. The information includes beneficial
          ownership by each of our directors and the Named Executive Officers, all directors and executive officers as a group and beneficial owners known by our management to hold at least 5% of our Common Stock. Except as indicated in footnotes to this
          table, we believe that the shareholders named in this table have sole voting and investment power with respect to all shares of Common Stock shown to be beneficially owned by them based on information provided to us by these shareholders.
          Percentage of ownership is based on 27,157,188 shares of Common Stock outstanding on March 26, 2019.</font></div>
      <div><br>
      </div>
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            <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Name and Address of Beneficial Owner<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> (1)</sup></font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Shares of Common</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Stock</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Named Executive Officers and Directors</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Gloria E. Gebbia <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">(2)</font></sup></font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">589,232</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.17</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Francis V. Cuttita</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">156,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.57</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Charles Zabatta</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">265,449</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.98</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Jerry M. Schneider</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,000</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.01</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Directors and named executive officers as a group (5 persons)</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18,259,058</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">67.23</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">
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          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Other 5% Shareholders</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Richard S. Gebbia</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,932,319</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.80</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;9464 Wilshire Blvd.</font></div>
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              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">tZERO Group, Inc.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></font></div>
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              <div style="text-align: justify; text-indent: 22pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;29 Broadway, 30<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</font></div>
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            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
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      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1)</sup> Unless otherwise indicated, the business address of each individual is c/o Siebert Financial Corp., 120 Wall Street, New
          York, NY 10005.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2)</sup> Includes 3,667,283 shares of our Common Stock owned by KCA, 2,932,319 shares owned by Richard S. Gebbia and 1,807,919 shares
          owned by John M. Gebbia, Gloria E. Gebbia&#8217;s sons, and 1,148,456 shares of our Common Stock owned by a family trust and certain other members of Gloria E. Gebbia&#8217;s family.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3)</sup> The information shown in the table above and disclosed in this footnote was obtained from the Schedule 13G filed with the SEC
          by Overstock.com, Inc., Medici Ventures, Inc., tZERO Group, Inc., Patrick M. Byrne, High Plains Investments, LLC and Haverford Valley, L.C. on February 26, 2018, which reported that each such reporting person has shared voting and dispositive
          power with respect to such shares.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 48</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE<a name="ITEM13.CERTAINRELATIONSHI"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Review and Approval of Related Party Transactions</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As set forth in our Amended and Restated Audit Committee Charter, the Audit Committee is responsible for reviewing and
          approving all related party transactions.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our Code of Ethics for Senior Financial Officers, applicable to our Chief Executive Officer, Chief Financial Officer,
          Controller, Treasurer, Principal Accounting Officer and other employees performing similar functions, provides that our Senior Financial Officers should endeavor to avoid any actual or potential conflict of interest between their personal and
          professional relationships and requires them to promptly report and disclose all material facts relating to any such relationships or financial interests which give rise, directly or indirectly, to an actual or potential conflict of interest to
          the Audit Committee. The Code of Ethics also provides that no Senior Financial Officer should knowingly become involved in any actual or potential conflict of interest without the relationship or financial interest having been approved by the
          Audit Committee. Our Code of Ethics does not specify the standards that the Audit Committee would apply to a request for a waiver of this policy.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES<a name="ITEM14.PRINCIPALACCOUNTIN"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Baker Tilly Virchow Krause, LLP (&#8220;Baker Tilly&#8221;) currently serves as our independent registered public accounting firm.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Audit Fees</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Our Audit Committee has determined that the services described below that were rendered by Baker Tilly are compatible
          with the maintenance of Baker Tilly&#8217;s independence from our management.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Audit Fees</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The aggregate fees billed by Baker Tilly for professional services rendered for the 2018 audit of our annual financial
          statements and reviews of our quarterly financial statements were $166,000 for the year ending December 31, 2018.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">All Other Fees</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Baker Tilly rendered no other products or services during the year ended December 31, 2018.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Tax Fees</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Lilling &amp; Co billed an aggregate fee of $106,000 for the year ended December 31, 2018 for tax compliance services.</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Akerman LLP billed an aggregate fee of $75,000 for the year ended December 31, 2018 for tax compliance services.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Pre-Approval Policy</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Audit Committee pre-approves all audit and non-audit services provided by our independent auditors prior to the
          engagement of the independent auditors with respect to such services. With respect to audit services and permissible non-audit services not previously approved, the Audit Committee has authorized the Chairman of the Audit Committee to approve
          such audit services and permissible non-audit services, provided the Chairman informs the Audit Committee of such approval at the next regularly scheduled meeting. All &#8220;Audit Fees&#8221;, &#8220;Tax Fees&#8221; and &#8220;All Other Fees&#8221; set forth above were
          pre-approved by the Audit Committee in accordance with its pre-approval policy.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 49</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; margin-left: 15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART IV<a name="PARTIV"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES<a name="ITEM15.EXHIBITSFINANCIALS"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The exhibits required by Item 601 of Regulation S-K filed as part of, or incorporated by reference in, this Annual Report
          are listed in the accompanying Exhibit Index.</font></div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z89bd28fcf2d446b18b1cb322bb589ccd" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following documents are filed as part of this report:</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z2458fcf58757452abe0ae748adebb90c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Financial Statements</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The consolidated Financial statements for the year ended December 31, 2018 and December 31, 2017 commence on page 26 of
          this Annual Report on Form 10-K.</font></div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z1ded61d4a7a549bdb5dc2a58bc4fcaf0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Financial Statement Schedules</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">None.</font></div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z43e0066250ec4683a94009f96052928b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Exhibits</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The exhibits listed in the following Index to Exhibits are filed or incorporated by reference as part of this Annual Report
          on Form 10-K.</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 50</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div></div>
      <div><br>
      </div>
      <div></div>
      <div style="text-align: center; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXHIBIT INDEX</font></div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="za473426c1d4e4ee69b383b6600cff30a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Exhibit</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">No.</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: middle;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Description Of Document</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.1</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><a href="http://www.sec.gov/Archives/edgar/data/65596/0000928606-96-000059.txt">Plan and Agreement of Merger between J. Michaels, Inc.
                    and Muriel Siebert Capital Markets Group, Inc., dated as of April 24, 1996 (&#8220;Merger Agreement&#8221;) (incorporated by reference to Siebert Financial Corp.&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 1996</a>)</font></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.2</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/0001000096-97-000184.txt"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Amendment No. 1 to Merger Agreement, dated as of June
                    28, 1996 (incorporated by reference to Siebert Financial Corp.&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 1996)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.3</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/0001000096-97-000184.txt"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Amendment No. 2 to Merger Agreement, dated as of
                    September 30, 1996 (incorporated by reference to Siebert Financial Corp.&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 1996)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.4</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/0001000096-97-000184.txt"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Amendment No. 3 to Merger Agreement, dated as of
                    November 7, 1996 (incorporated by reference to Siebert Financial Corp.&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 1996)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.1</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/0001019056-98-000168.txt"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Certificate of Incorporation of Siebert Financial
                    Corp., formerly known as J. Michaels, Inc. originally filed on April 9, 1934, as amended and restated to date (incorporated by reference to Siebert Financial Corp.&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31,
                    1997)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.2</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/0001019056-98-000192.txt"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By-laws of Siebert Financial Corp. (incorporated by
                    reference to Siebert Financial Corp.&#8217;s Registration Statement on Form S-1 (File No. 333-49843) filed with the SEC on April 10, 1998)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.1</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/000165495416001982/sieb_ex21.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Acquisition Agreement, dated September 1,
                    2016, by and among, Siebert Financial Corp., the Majority Shareholder and KCA (incorporated by reference to Siebert Financial Corp.&#8217;s Current Report on Form 8-K filed with the SEC on September 2, 2016)</font></a></div>
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
                </font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.2</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/000101905617000358/ex10_2.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Assignment dated December 16, 2016 by and between
                    the Majority Shareholder and Siebert Financial Corp.</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.3</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/000101905617000358/ex10_3.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Consent and Waiver dated as of December 16, 2016
                    by and among Siebert Cisneros Shank Financial, LLC, Siebert Cisneros Shank &amp; Co. L.L.C. and Siebert Financial Corp.</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.6**</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/000108935507000036/ex_4-1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">** Siebert Financial Corp. 2007 Long-Term
                    Incentive Plan (incorporated by reference to Siebert Financial Corp.&#8217;s Registration Statement on Form S-8 (File No. 333-144680) filed with the SEC on July 18, 2007)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.7*</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/000108935510000046/n11451_ex10-1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">* Fully Disclosed Clearing Agreement, by
                    and between NFS LLC and Muriel Siebert &amp; Co., Inc. dated May 5, 2010. (incorporated by reference to Siebert Financial Corp.&#8217;s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 16, 2010)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.8</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/000101905617000579/ex2_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Asset Purchase Agreement, dated as of June 26,
                    2017 by and among StockCross Financial Services, Inc., Muriel Siebert &amp; Co., Inc. and Siebert Financial Corp. (incorporated by reference to Siebert Financial Corp.&#8217;s Current Report on Form 8-K filed with the SEC on June 28, 2017)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.9</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="http://www.sec.gov/Archives/edgar/data/65596/000115752319000149/a51930939ex99_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">StockCross Share Repurchase Agreement
                    dated as of January 18, 2019 by and among tZERO Group, Inc., a Delaware corporation, StockCross Financial Services, Inc., a Massachusetts corporation and Muriel Siebert &amp; Co., Inc., a Delaware Corporation (incorporated by reference
                    to Siebert Financial Corp.&#8217;s Current Report on Form 8-K filed with the SEC on January 25, 2019)</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">21.1</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="a51960189ex21_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Subsidiaries







                    of the registrant***</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">31.1</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="a51960189ex31_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Certification







                    of Andrew H. Reich pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002***</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">32.1</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><a href="a51960189ex32_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Certification







                    of Andrew H. Reich of Periodic Financial Report under Section 906 of the Sarbanes-Oxley Act of 2002***</font></a></div>
              <div>&#160;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Siebert 2018 Form 10-K 51</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">101.</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">INS</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;"> </font><font style="font-size: 10pt; font-family:
                  'Times New Roman', Times, serif;">XBRL Instance Document</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">101.</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">SCH XBRL Taxonomy Extension Schema</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">101.</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">CAL XBRL Taxonomy Extension Calculation Linkbase 101.DEF XBRL Taxonomy Extension Definition Linkbase</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">101.</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">LAB XBRL Taxonomy Extension Label Linkbase</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 9.99%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">101.</font></div>
            </td>
            <td style="width: 89.95%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">PRE XBRL Taxonomy Extension Presentation Linkbase</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">*</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family:
          'Times New Roman', Times, serif;">Portions of the indicated document have been afforded confidential treatment and have been filed separately with the SEC pursuant to Rule 24b-2 of the General Rules and Regulations promulgated under the
          Securities Exchange Act of 1934, as amended.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">**</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt;
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      <div><br>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">***</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt;
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      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ITEM 16. FORM 10-K SUMMARY<a name="ITEM16.FORM10-KSUMMARY"><!--Anchor--></a></font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">None</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div>
        <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
        </div>
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">SIGNATURES</font></div>
        <div><br>
        </div>
        <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly
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        <div><br>
        </div>
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">SIEBERT FINANCIAL CORP.</font></div>
        <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"> <br>
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        <div>
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              <tr>
                <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
                  <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;">Date</div>
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              <tr>
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              <tr>
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          </table>
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        <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
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        <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following
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        <div><br>
        </div>
        <div>
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                <td valign="top" style="width: 8%;">&#160;</td>
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              <tr>
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              </tr>
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                <td valign="top" rowspan="1" style="width: 8%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 38%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 8%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 18%;">&#160;</td>
              </tr>
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                </td>
              </tr>
              <tr>
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                  <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Gloria E. Gebbia</font></div>
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                <td valign="top" style="width: 8%;">&#160;</td>
                <td valign="top" style="width: 38%;">&#160;</td>
                <td valign="top" style="width: 8%;">&#160;</td>
                <td valign="top" style="width: 18%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" style="width: 28%;">&#160;</td>
                <td valign="top" style="width: 8%;">&#160;</td>
                <td valign="top" style="width: 38%;">&#160;</td>
                <td valign="top" style="width: 8%;">&#160;</td>
                <td valign="top" style="width: 18%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="left" style="width: 28%; border-bottom: 2px solid rgb(0, 0, 0);">
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                </td>
                <td valign="top" style="width: 8%;">&#160;</td>
                <td valign="top" align="left" style="width: 38%;">
                  <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;">
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                  </div>
                </td>
                <td valign="top" style="width: 8%;">&#160;</td>
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                </td>
              </tr>
              <tr>
                <td valign="top" align="left" style="width: 28%;">
                  <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Charles Zabatta</font></div>
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                <td valign="top" style="width: 8%;">&#160;</td>
                <td valign="top" style="width: 38%;">&#160;</td>
                <td valign="top" style="width: 8%;">&#160;</td>
                <td valign="top" style="width: 18%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="left" rowspan="1" style="width: 28%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 8%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 38%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 8%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 18%;">&#160;</td>
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                <td valign="top" rowspan="1" style="width: 8%; padding-bottom: 2px;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 38%; padding-bottom: 2px;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></font></td>
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                <td valign="top" rowspan="1" style="width: 18%; padding-bottom: 2px;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">March 29, 2019</font></td>
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              <tr>
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                <td valign="top" rowspan="1" style="width: 18%;">&#160;</td>
              </tr>
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                <td valign="top" align="left" rowspan="1" style="width: 28%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 8%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 38%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 8%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 18%;">&#160;</td>
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                <td valign="top" rowspan="1" style="width: 38%; padding-bottom: 2px;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></font></td>
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                <td valign="top" rowspan="1" style="width: 18%; padding-bottom: 2px;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">March 29, 2019</font></td>
              </tr>
              <tr>
                <td valign="top" align="left" rowspan="1" style="width: 28%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Jerry M. Schneider</font></td>
                <td valign="top" rowspan="1" style="width: 8%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 38%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 8%;">&#160;</td>
                <td valign="top" rowspan="1" style="width: 18%;">&#160;</td>
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        <div><br>
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        <div></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"></font></div>
      </div>
    </div>
    <div><br>
    </div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>2
<FILENAME>a51960189ex21_1.htm
<DESCRIPTION>EXHIBIT 21.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Business Wire
         Document created using EDGARfilings PROfile 5.1.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body text="#000000" bgcolor="#ffffff" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;">
  <div><br>
  </div>
  <div>
    <div style="text-align: right; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; font-weight: bold;">
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    <div style="text-align: right; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; font-weight: bold;">EXHIBIT 21.1</div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SUBSIDIARIES</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z34bef688e41b4ae388de73a295e54aec">

        <tr>
          <td style="width: 49.55%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Company</font></div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Jurisdiction</font></div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">% Owned</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.55%; vertical-align: top; background-color: #CCEEFF;">
            <div>1.&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Muriel Siebert &amp; Co., Inc.</font></div>
          </td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Delaware</font></div>
          </td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">100%</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.55%; vertical-align: top;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Siebert AdvisorNXT, Inc.</font></div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">New York</font></div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">100%</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.55%; vertical-align: top; background-color: #CCEEFF;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Park Wilshire Companies, Inc.</font></div>
          </td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Texas</font></div>
          </td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">100%</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.55%; vertical-align: top;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">KCA Technologies, LLC.</font></div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Nevada</font></div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">100%</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>3
<FILENAME>a51960189ex31_1.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Business Wire
         Document created using EDGARfilings PROfile 5.1.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body text="#000000" bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">
  <div><br>
  </div>
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
  <div>
    <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Exhibit 31.1</div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CERTIFICATION</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PURSUANT TO EXCHANGE ACT RULE 13a-14(a) AND 15d-14(a),</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">I, Andrew H. Reich, certify that:</font></div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">I have reviewed this annual report on Form 10-K of Siebert Financial Corp.;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact
                  necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all
                  material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The registrant&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
                  procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our
                  supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being
                  prepared;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z4c4cab3560cc4bb1a54c4ba51c2aec54" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed
                  under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(c)</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions
                  about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(d)</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the
                  registrant&#8217;s most recent fiscal quarter (the registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial
                  reporting; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
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    <div>
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          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5.</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over
                  financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></div>
            </td>
          </tr>

      </table>
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    <div><br>
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              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
                  are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s
                  internal control over financial reporting.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 30%; border-bottom: 2px solid rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Andrew H. Reich</font></td>
            <td colspan="1" style="width: 30%; padding-bottom: 2px;">&#160;</td>
            <td style="width: 40%; padding-bottom: 2px;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date: March 29, 2019</font></td>
          </tr>
          <tr>
            <td style="width: 30%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich</font></td>
            <td colspan="1" style="width: 30%;">&#160;</td>
            <td style="width: 40%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Executive Vice President, Chief Operating Officer,</font></td>
            <td colspan="1" style="width: 30%;">&#160;</td>
            <td style="width: 40%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Chief Financial Officer and Secretary</font></td>
            <td colspan="1" style="width: 30%;">&#160;</td>
            <td style="width: 40%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Principal executive, financial and accounting officer)</font></td>
            <td colspan="1" style="width: 30%;">&#160;</td>
            <td style="width: 40%;">
              <div>&#160;</div>
            </td>
          </tr>

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<TYPE>EX-32.1
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<DESCRIPTION>EXHIBIT 32.1
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  <div>
    <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Exhibit 32.1</div>
    <div><br>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">AS ADOPTED PURSUANT TO</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></div>
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    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In connection with the Annual Report of Siebert Financial Corp. (the &#8220;Company&#8221;) on Form 10-K for the year ended December 31, 2018, as filed
        with the SEC (the &#8220;Report&#8221;), I, Andrew H. Reich, in my capacity as Executive Vice President, Chief Operating Officer, Chief Financial Officer and Secretary hereby certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to Section 906 of the
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              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(1)</font></div>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Report filed by the Company with the SEC fully complies with the requirements of Section 13(a) of the Securities and Exchange
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              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2)</font></div>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The information contained in the Report fairly presents, in all material respects, the financial condition and results of
                  operations of the Company for the period covered by the report.</font></div>
            </td>
          </tr>

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    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
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            <tr>
              <td style="width: 30%; border-bottom: 2px solid rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Andrew H. Reich</font></td>
              <td colspan="1" style="width: 30%; padding-bottom: 2px;">&#160;</td>
              <td style="width: 40%; padding-bottom: 2px;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date: March 29, 2019</font></td>
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            <tr>
              <td style="width: 30%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Andrew H. Reich</font></td>
              <td colspan="1" style="width: 30%;">&#160;</td>
              <td style="width: 40%;">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Executive Vice President, Chief Operating Officer,</font></td>
              <td colspan="1" style="width: 30%;">&#160;</td>
              <td style="width: 40%;">
                <div>&#160;</div>
              </td>
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            <tr>
              <td style="width: 30%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Chief Financial Officer and Secretary</font></td>
              <td colspan="1" style="width: 30%;">&#160;</td>
              <td style="width: 40%;">
                <div>&#160;</div>
              </td>
            </tr>
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              <td style="width: 30%;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Principal executive, financial and accounting officer)</font></td>
              <td colspan="1" style="width: 30%;">&#160;</td>
            </tr>

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    <br>
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    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">A signed original of this written statement required by Section 906, or other documents authenticating, acknowledging, or otherwise adopting
        the signature that appears in typed form within the electronic version of this written statement required by section 906, has been provided to Siebert Financial Corp. and will be retained by Siebert Financial Corp. and furnished to the SEC or its
        staff upon request.</font></div>
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    <us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1. Organization&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail&#13;          discount brokerage business through its wholly-owned subsidiary, Muriel Siebert &amp;#38; Co., Inc. (&amp;#8220;MSCO&amp;#8221;), a Delaware corporation and registered broker-dealer, its investment advisory business through its wholly-owned subsidiary, Siebert&#13;          AdvisorNXT, Inc. (&amp;#8220;AdvisorNXT&amp;#8221;), a New York corporation registered with the SEC as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, its insurance business through its wholly-owned subsidiary, Park Wilshire&#13;          Companies, Inc. (&amp;#8220;PWC&amp;#8221;), a Texas corporation and licensed insurance agency, and KCA Technologies, LLC. (&amp;#8220;KCAT&amp;#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of this Form 10-K, the terms &amp;#8220;Siebert,&amp;#8221;&#13;          &amp;#8220;Company,&amp;#8221; &amp;#8220;we,&amp;#8221; &amp;#8220;us,&amp;#8221; and &amp;#8220;our&amp;#8221; refer to Siebert Financial Corp., MSCO, AdvisorNXT, PWC, and KCAT collectively, unless the context otherwise requires.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt; &lt;/font&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has&#13;          offices throughout the U.S. and clients around the world. The Company&amp;#8217;s SEC filings are available through the Company&amp;#8217;s website at www.siebertnet.com, where investors are able to obtain copies of the Company&amp;#8217;s public filings free of charge. The&#13;          Company&amp;#8217;s Common Stock, par value $.01 per share, trades on the Nasdaq Capital Market under the symbol &amp;#8220;SIEB.&amp;#8221;&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company primarily operates in the securities brokerage and asset management industry and has no other reportable&#13;          segments. All of the Company's revenues for the years ended December 31, 2018 and 2017 were derived from its operations in the U.S.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt; &lt;/font&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Transactions completed during 2018&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Acquisition of KCAT&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;On August 21, 2018, the Company acquired all of the issued and outstanding membership interests of KCAT from Kennedy&#13;          Cabot Acquisition LLC, (&amp;#8220;KCA&amp;#8221;), one of the Company&amp;#8217;s affiliates through common ownership, for approximately $690,000. This transaction was accounted for as an asset acquisition. KCAT is a technology company initially tasked with developing a&#13;          sophisticated Robo-Advisor for AdvisorNXT, the Company&amp;#8217;s RIA. The Robo-Advisor provides clients with an automated wealth management solution intended to maximize portfolio returns based on the client&amp;#8217;s specific risk tolerance.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Acquisition of PWC&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;In March 2018, the Company acquired all of the issued and outstanding shares of PWC from three related parties for&#13;          approximately $110,000 (equal to the amount of cash held in PWC&amp;#8217;s bank accounts at the time). The Board of Directors reviewed the transaction and concluded that, given the amount of the purchase price, the fact that the purchase price equaled the&#13;          cash on hand in PWC&amp;#8217;s bank accounts, and that PWC had no liabilities, the acquisition was not material and did not require a third party valuation.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The sellers agreed to indemnify the Company from all liability attendant to the prior business activities of PWC. David&#13;          J. Gebbia agreed to continue as the unpaid CEO of PWC.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Transactions completed in prior to 2018&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Acquisition of StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company entered into an agreement to acquire most of the retail broker-dealer business of StockCross Financial&#13;          Services (&amp;#8220;StockCross&amp;#8221;), an affiliate of the Company, in exchange for 5,072,062 shares of the Company&amp;#8217;s restricted Common Stock, subject to a two-year lock-up, valued at $19,984,000. Approximately $125,000 of legal and appraisal fees were&#13;          incurred in the consummation of the transaction. In addition, the Company acquired various rent obligations, transferred employees and customer lists.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;As StockCross was determined to be an entity under common control, the assets and liabilities transferred to the Company&#13;          from StockCross were recorded at historical cost in accordance with ASC 805-50, Business Combinations - Related Issues. The difference between the consideration paid and historical cost of the net assets acquired was recorded as an equity&#13;          distribution by the Company. ASC 805-50 transactions between entities under common control stipulates a common control transaction as a transfer of net assets or an exchange of equity interests between entities under common control. Since the&#13;          assets acquired from StockCross had a book value of nil, the fair market value of assets acquired, approximately $19,984,000, was reflected as nil for financial statement purposes as of the date of transfer as required by ASC 805-50.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Additionally, as the transfer of net assets and related operations did not change the composition of MSCO as a reporting&#13;          entity, retrospective combination of the entities for all periods presented as if the combination has been in effect since the inception of common control is not required. Accordingly, the net assets transferred and related operations are&#13;          presented prospectively as of the effective date of November 30, 2017.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
    <us-gaap:DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;3. Receivables from and Payable to Brokers, Dealers, and Clearing Organizations&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the&#13;          periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="z21395d04d0c14a568ce8552ad87eaa53" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Receivables from clearing and other brokers&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;NFS&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,664,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,396,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;310,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other receivables&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;31,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Citibank&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;25,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Receivables from clearing and other brokers&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2,030,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,396,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Receivable from related party&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;283,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Receivable from related party&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;283,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Due to clearing brokers and related parties&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;NFS&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;58,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;46,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;127.000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;MSCO&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;29,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Due to clearing brokers and related parties&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;133,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;127,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure>
    <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;4. Furniture, Equipment and Leasehold Improvements, Net&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Furniture, equipment and leasehold improvements consisted of the following as of the periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zdb693312fb134332902f434366b1b8cc" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Leasehold improvements&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;545,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;267,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Equipment&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;52,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;52,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Furniture, equipment, and leasehold improvements&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;597,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;319,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Less accumulated depreciation and amortization&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(129,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(56,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Furniture, equipment, and leasehold improvements, net&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;468,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;263,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
    <us-gaap:IntangibleAssetsDisclosureTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;5. Software, Net&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Software consisted of the following as of the periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="z26b170d46b5c43e186552b3afdaa3258" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Intangible asset &amp;#8211; Robo-Advisor&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;763,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other purchased software&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;459,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;97,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Software&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,222,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;97,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Less accumulated amortization &amp;#8211; Robo-Advisor&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Less accumulated&#13;              amortization &amp;#8211; Other purchased software&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(85,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(13,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Software, net&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,137,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;84,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company generally recognizes software initially at cost and amortize over the estimated useful life of 3 years. In&#13;          line with the Company&amp;#8217;s policy, the basis for determining the amount capitalized for the Robo-Advisor software was determined based on the price paid to acquire KCAT. The Company estimates future amortization related to all software assets of&#13;          $398,000, $398,000 and $341,000 in the years ending December 31, 2019, 2020, and 2021, respectively.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:IntangibleAssetsDisclosureTextBlock>
    <us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;6. Income Taxes&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Income taxes consist of the following:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Current income tax (benefit) / expense, which represents the amount of federal tax and state and local tax currently&#13;          payable or receivable, including interest and penalties and amounts accrued for unrecognized tax benefits, if any, and;&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred income tax (benefit) / expense, which represents the net change in the deferred tax assets or liability balance&#13;          during the year, including any change in the valuation allowance.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="z1f1c07205ca64b02860acc565473156f" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: bottom"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ending December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Current&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Federal&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;948,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;51,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;State and local&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;26,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;102,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Current&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;974,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;153,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Deferred&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Federal&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(3,248,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;State and local&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(2,328,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Deferred&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(5,576,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Income tax (benefit) / expense&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(4,602,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;153,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Effective Income Tax Rate Reconciliation&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;A reconciliation of the U.S. federal statutory income tax rate to the effective tax rate applicable to income before&#13;          income taxes is as follows for the periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="z1fd6a6d5accf40e19fada46a258578b2" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ending December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Federal statutory income tax rate&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;21.0&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;34.0&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Net effect of:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Non-deductible expenses&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1.2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Depreciation&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(0.9&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(4.5&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Tax amortization of intangible assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(3.8&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(1.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Other temporary differences&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(1.3&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(12.1&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Net operating loss&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(2.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(13.2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Increase due to state and local taxes, net of U.S.&lt;/font&gt;&lt;/div&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;federal income tax effects&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2.8&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Current effective income tax rate&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;13.2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Reversal of deferred tax assets valuation allowance&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(75.8&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Effective income tax rate&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(62.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;6.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Tax Cuts and Jobs Act&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;In regard to the effect of the Tax Cuts and Jobs Act, which lowered U.S. federal corporate income tax rates from 34% to&#13;          21%, the Company determined that the primary impact was a reduction in income tax expense in 2018 as well the projected income tax expense subsequent years. The statutory federal income tax rate in effect of 21% as of January 1, 2018 was utilized&#13;          to calculate the income tax provision and the deferred tax assets as of December 31, 2018. As such, the change in federal income tax rates affected the valuation of the gross deferred tax assets.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Net Operating Losses&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company&amp;#8217;s pre-tax federal and state and local NOLs for tax purposes as of December 31, 2018 were approximately $16.1&#13;          million and $27.1 million, respectively, which expire by 2036. The federal NOL carryforwards have been reduced by the impact of annual limitations of approximately $895,000 per year as described in the Internal Revenue Code Section 382 that arose&#13;          as a result of an ownership change. Deferred tax assets are reported net of NOLs that have expired or are not expected to be utilized in the future.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Income Tax Examinations&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is subject to federal, state, and local tax examinations for a period typically between three and four&#13;          years. The Company is currently under tax examination by the State of New York for tax years 2012 through 2014. As of December 31, 2018, the State of New York has not proposed any adjustment to the Company&amp;#8217;s tax position. Except for the&#13;          examination described above, the Company is not under any other tax examinations.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Unrecognized Tax Benefits&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company applied the &amp;#8220;more-likely-than not&amp;#8221; recognition threshold to all tax positions taken or expected to be taken&#13;          in a tax return which resulted in no unrecognized tax benefits reflected in the financial statements as of December 31, 2018. The Company classifies interest and penalties that would accrue according to the provisions of relevant tax law as&#13;          income taxes.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Deferred Tax Assets&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The evaluation of the recoverability of the&#13;            deferred tax assets and the need for a valuation allowance requires the Company to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax assets will be&#13;            realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a&#13;            conclusion that a valuation allowance is not needed.&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company&amp;#8217;s framework for assessing the&#13;            recoverability of the deferred tax assets requires a determination of whether or not there is sufficient taxable income of appropriate character within the carryback, carryforward period available under tax law. The Company considers of all&#13;            available evidence, including:&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="text-align: justify; text-indent: 18pt"&gt;&amp;#160;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt; &lt;/font&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="z1f2666f54bfe4950bab7dccf73bf9895" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Taxable income in carryback years if carryback is permitted;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="z21ccc27af3e945b2991a0be53352be12" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Future reversals of existing taxable temporary differences;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="z640704d386b0425b8e4ef41e01a923c2" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Tax planning strategies; and&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="z34dc6c98a1a44ab1a95b2d9904efad57" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Projected future taxable income exclusive of reversing temporary difference.&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;In assessing projected future taxable income, the Company considers all evidence, including:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="ze631ab49741b47ae9fe4e106055b5bc7" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The nature, frequency, and amount of cumulative financial reporting income and losses in recent years;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="z19a9fcb20c07447caec61f6693976078" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The sustainability of recent operating profitability of the Company;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="zc2524c7c6c5247a0a1dba52be74849da" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The predictability of future operating profitability of the character necessary to realize the net deferred tax assets;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="z17b3667db070414692469f6e0cd8e051" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The carryforward period for the net operating loss, including the effect of reversing taxable temporary differences; and&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&#13;        &lt;table cellspacing="0" cellpadding="0" id="z68937d0f7fe6411a9c08c6700535de92" class="DSPFListTable" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;          &#13;            &lt;tr&gt;&#13;              &lt;td style="width: 36pt; vertical-align: top"&gt;&#13;                &lt;div style="text-align: left; margin-left: 18pt"&gt;&lt;font style="font: 10pt Symbol, serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;              &lt;td style="width: auto; vertical-align: top"&gt;&#13;                &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Prudent and feasible actions and tax planning strategies that would be implemented, if necessary, to protect against the loss of&#13;                    the deferred tax assets.&lt;/font&gt;&lt;/div&gt;&#13;              &lt;/td&gt;&#13;            &lt;/tr&gt;&#13;          &#13;        &lt;/table&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;In performing the assessment of the&#13;            recoverability of the deferred tax assets under this framework, the Company also considers tax laws governing the utilization of the net operating loss in each applicable jurisdiction.&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;For the year ended December 31, 2018, the&#13;            Company achieved key financial milestones such as having three years of cumulative taxable income and generating four consecutive quarters of pre-tax profitability generally greater than $1 million which led to a re-evaluation of the deferred&#13;            tax assets. As of December 31, 2018, &lt;/font&gt;the Company determined that sufficient positive evidence existed to conclude that it is more likely than not that deferred taxes of $5,576,000 were realizable, and therefore, a valuation allowance&#13;          was not necessary for this portion of the deferred tax assets.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Below is a breakout of the deferred tax assets, net of valuation allowance as of the periods indicated. Prior period&#13;          amounts were adjusted to reflect the impact from the Tax Cuts and Jobs Act:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zf40be1eedbdb466fa509b6f3db3144f9" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred tax assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Net operating loss carryforwards&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;5,811,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,596,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;5,811,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,596,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred tax liabilities&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Furniture, equipment and leasehold improvements&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(193,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(79,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Contribution carryover&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;126,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Intangible assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(25,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other reconciling items&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(42,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(235,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;22,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;5,576,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,618,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Valuation allowance&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(6,618,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;&amp;#160;Deferred tax assets, net of valuation allowance&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;5,576,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <us-gaap:FinancialInstrumentsDisclosureTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;8. Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Retail customer transactions are cleared, on a fully disclosed basis, through two clearing brokers, one of which is an&#13;          affiliate. In the event that customers are unable to fulfill their contractual obligations, the clearing broker may charge the Company for any loss incurred in connection with the purchase or sale of securities at prevailing market prices to&#13;          satisfy customers' obligations. The Company regularly monitors the activity in its customer accounts for compliance with its margin requirements. Securities transactions entered into as of December 31, 2018 have settled subsequent thereto with no&#13;          material adverse effect on the Company's financial statements.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Credit risk represents the potential loss that would occur if counterparties fail to perform pursuant to the terms of&#13;          their obligations. The Company is subject to credit risk to the extent a custodian or broker with whom it conducts business is unable to fulfill contractual obligations.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:FinancialInstrumentsDisclosureTextBlock>
    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;9. Commitments, Contingencies and Other&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Lease Commitments&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company rents office space under operating leases expiring in 2019 through 2024. The leases call for base rent plus&#13;          escalations as well as property taxes and other operating expenses.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Future annual minimum base rental payments under these operating leases are as follows as of December 31, 2018:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z1fb0dbd4bd414495920bbdb79f7850bf" style="width: 40%; font: 10pt Times New Roman, Times, serif"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: bottom"&gt;&#13;              &lt;div style="text-align: right"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Amount&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;686,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2020&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;651,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2021&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;628,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2022&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;489,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2023 and thereafter&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;507,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2,961,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Rent and related operating expenses amounted to $988,000 and $437,000 for the years ended December&amp;#160;31, 2018 and 2017,&#13;          respectively.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;As part of the Company&amp;#8217;s renovation of its office in Jersey City, as of December 31, 2018, the Company has a receivable&#13;          from the landlord of $171,000 for tenant improvements that will be reimbursed to the Company upon the completion of the renovation. In line with the guidance under ASC 840, the Company has a tenant improvement asset and corresponding lease&#13;          incentive liability recorded for this lease. The lease incentive liability will be amortized into income ratably over the life of the lease.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Legal and Regulatory Matters&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion&#13;          of the Company, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;General Contingencies&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion&#13;          of the Company&amp;#8217;s management, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt; &lt;/font&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;In the normal course of its business, the Company indemnifies and guarantees certain service providers against specified&#13;          potential losses in connection with their acting as an agent of, or providing services to, the Company. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated.&#13;          However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company provides representations and warranties to counterparties in connection with a variety of commercial&#13;          transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event&#13;          additional taxes are owed or payments are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The&#13;          maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these&#13;          arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company is self-insured with respect to employee health claims. The Company maintains stop-loss insurance for&#13;          certain risks and has a health claim reinsurance limit capped at approximately $50,000 per employee. The estimated liability for self-insurance claims is initially recorded in the year in which the event of loss occurs, and may be subsequently&#13;          adjusted based upon new information and cost estimates. Reserves for losses represent estimates of reported losses and estimates of incurred but not reported losses based on past and current experience. Actual claims paid and settled may differ,&#13;          perhaps significantly, from the provision for losses. This adds uncertainty to the estimated reserves for losses. Accordingly, it is at least possible that the ultimate settlement of losses may vary significantly from the amounts included in the&#13;          financial statements.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;As part of this plan, the Company recognized expenses totaling $935,000 and $546,000 for the years ended December 31,&#13;          2018 and 2017, respectively. The Company had an accrual of $50,000 and $28,000 as of the years ended December 31, 2018 and 2017, respectively, which represents the historical estimate of future claims to be recognized for claims incurred prior to&#13;          December 31, 2018 and 2017, respectively.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company believes that its present insurance coverage and reserves are sufficient to cover currently estimated&#13;          exposures, but there can be no assurance that the Company will not incur liabilities in excess of recorded reserves or in excess of its insurance limits.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <us-gaap:CompensationAndEmployeeBenefitPlansTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;10. Employee Benefit Plans&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company sponsors a defined-contribution retirement plan under Section&amp;#160;401(k) of the Internal Revenue Code that&#13;          covers substantially all employees. Participant contributions to the plan are voluntary and are subject to certain limitations. The Company may also make discretionary contributions to the plan. No contributions were made by the Company in 2018&#13;          or 2017.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:CompensationAndEmployeeBenefitPlansTextBlock>
    <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;11. Related Party Disclosures&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;StockCross&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;StockCross and the Company are under common ownership and StockCross serves as one of the two clearing brokers for the&#13;          Company. StockCross has a clearing agreement with MSCO in which StockCross passes through all revenue and charges MSCO for related clearing expenses. Outside of the clearing agreement, MSCO has an expense sharing agreement with StockCross for its&#13;          Beverly Hills office. In addition, StockCross pays some of the vendors for miscellaneous expenses which it passes through to MSCO. Lastly, as of December 31, 2018, MSCO had receivables from StockCross totaling approximately $1.3 million&#13;          consisting of financing for inventory positions, the net monthly clearing fees StockCross owes MSCO, and a clearing deposit. As of December 31, 2017, MSCO had a receivable from StockCross totaling $283,000.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;KCA&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;KCA is an affiliate of the Company and StockCross. To gain efficiencies and economies of scale with billing and&#13;          administrative functions, KCA serves as a paymaster for the Company and StockCross for compensation and benefits expenses, the entirety of which KCA passes through to the Company and StockCross proportionally. In addition, KCA has purchased the&#13;          naming rights for the Company for the Company to use.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;PWC&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;PWC brokers the insurance policies for related parties. Revenue for PWC from related parties totaled $28,000 for the&#13;          year ended December 31, 2018.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic bold 10pt Times New Roman, Times, serif"&gt; &lt;/font&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Scilent Networks LLC (Scilent Networks)&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Scilent Networks is a technology wholesaler owned by a Siebert executive that buys technology and related services on&#13;          behalf of the Company at a reduced cost and then passes through the cost to the Company. Total expenses related to Scilent Networks totaled $133,000 and $112,000 for the years ended December 31, 2018 and 2017, respectively.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
    <us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Basis of Presentation&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The accompanying consolidated financial statements are prepared on the accrual basis of accounting in conformity with&#13;          accounting principles generally accepted in the United States of America (&amp;#8220;U.S. GAAP&amp;#8221;) as established by the Financial Accounting Standards Board (&amp;#8220;FASB&amp;#8221;) to ensure consistent reporting of financial condition. The consolidated financial&#13;          statements include the accounts of Siebert and its wholly-owned subsidiaries and upon consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
    <us-gaap:UseOfEstimates contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Use of Estimates&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and&#13;          assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#13;          Actual results could differ from those estimates.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company makes significant estimates that affect the reported amounts of assets, liabilities, revenue, and expenses.&#13;          The estimates relate primarily to revenue and expenses in the normal course of business as to which the Company receives no confirmations, invoices, or other documentation at the time the books are closed. The Company uses its best judgment,&#13;          based on knowledge of these revenue transactions and expenses incurred, to estimate the amount of such revenue and expenses. The Company is not aware of any material differences between the estimates used in closing the Company&amp;#8217;s books for the&#13;          last five years and the actual amounts of revenue and expenses incurred when the Company subsequently receives the actual confirmations, invoices, or other documentation. Estimates are used in intangible asset valuations and useful lives,&#13;          depreciation, income taxes, and the contingent liabilities related to legal and healthcare expenses. The Company also estimates the valuation allowance relating to its deferred tax assets based on the more likely than not criteria. The Company&#13;          believes that its estimates are reasonable.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:UseOfEstimates>
    <us-gaap:Reclassifications contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Reclassifications&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;br /&gt;&#13;          &lt;/font&gt;&lt;/font&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: left; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Certain prior period amounts have been reclassified to conform to the current year&amp;#8217;s presentation. These reclassifications&#13;          have no effect on previously reported net income.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:Reclassifications>
    <us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Cash and Cash Equivalents&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Cash and cash equivalents are all cash balances that are unrestricted. The Company has defined cash equivalents as&#13;          highly liquid investments, with original maturities of less than 90 days that are not held for sale in the ordinary course of business. As of the years ended December 31, 2018 and 2017, the Company did not hold any cash equivalents.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
    <us-gaap:IndustrySpecificPoliciesBrokerDealerTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Receivables from Clearing and Other Brokers&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Retail customer&#13;      transactions are cleared, on a fully disclosed basis, through two clearing brokers, StockCross and NFS,           the former&#13;      of which is an affiliate. The Company operates on a month to month basis with both clearing brokers and they offset their&#13;      fees against the Company's revenues on a monthly basis. Receivables from clearing and other brokers include amounts&#13;      receivable as well as cash on deposit. As of the years ended December 31, 2018 and 2017, cash clearing deposits with&#13;      StockCross and NFS were $75,000 and $50,000, respectively.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was&#13;          considered uncollectable as of the years ended December 31, 2018 and 2017. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from receivables from clearing and&#13;          other brokers and does not anticipate losses in the future.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:IndustrySpecificPoliciesBrokerDealerTextBlock>
    <us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Furniture, Equipment and Leasehold Improvements&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Furniture, equipment and leasehold improvements are stated at cost, net of accumulated depreciation and amortization.&#13;          Depreciation is calculated using the straight-line method over the lives of the assets, generally not exceeding four years. Leasehold improvements are amortized over the shorter of the useful life or remaining lease term unless the lease&#13;          transfers ownership of the underlying asset to the lessee or lessee is reasonably certain to exercise an option to purchase the underlying asset, in which case the lessee will amortize over the useful life of the leasehold improvements.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
    <us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Software&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company capitalizes certain costs for software such as the Robo-Advisor, software license arrangements with a&#13;          contract term of greater than 1 year, as well as other software, and amortizes the assets over the estimated useful life of the software or contract term, generally not exceeding 3 years. The Company accounts for software license arrangements&#13;          with a contract term of 1 year as prepaid assets and amortizes them over the contract term. Other software costs such as routine maintenance and various data services to provide market information to customers are expensed as incurred.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock>
    <us-gaap:DepreciationDepletionAndAmortizationPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Amortization of Intangible Assets&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company has a finite-lived intangible asset in the Robo-Advisor acquired from KCAT. Intangible assets with finite&#13;          lives are amortized on a straight-line basis over their estimated useful lives. The Company acquired the Robo-Advisor from KCAT in August 2018. The Robo-Advisor has an estimated useful life of 3 years and the Company will start to amortize it in&#13;          2019.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:DepreciationDepletionAndAmortizationPolicyTextBlock>
    <us-gaap:AdvertisingCostsPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Advertising Costs&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Advertising costs are expensed as incurred and totaled $45,000 and $87,000 for the years ended December 31, 2018 and&#13;          2017, respectively.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:AdvertisingCostsPolicyTextBlock>
    <us-gaap:IncomeTaxPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Income Taxes&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The results of operations are included in the consolidated federal income tax return of the Company as well as the&#13;          consolidated or standalone state and local income tax returns of the Company and/or its subsidiaries. The amount of current and deferred taxes payable or refundable is recognized as of the date of the financial statements, utilizing currently&#13;          enacted tax laws and rates. Deferred tax expenses or benefits are recognized in the financial statements for the changes in deferred tax liabilities or assets between years.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company records accruals for uncertain tax positions when the Company believes that it is not more likely than not&#13;          that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The Company makes adjustments to these accruals when facts and circumstances change, such as the closing of a tax&#13;          audit or the refinement of an estimate. The Company had no uncertain tax positions as of December 31, 2018 and 2017.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company recognizes deferred tax assets to the extent that the Company believes these assets are more likely than not&#13;          to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversal of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and&#13;          results of recent operations. To the extent the Company determines that realization of deferred tax assets is not "more likely than not," the Company establishes a valuation allowance. As a result, the amount of the deferred tax assets considered&#13;          realizable could be reduced in the near term if estimates of future taxable income are reduced. Such an occurrence could materially impact the Company&amp;#8217;s results of operations and financial condition.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:IncomeTaxPolicyTextBlock>
    <us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Per Share Data&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average outstanding common&#13;          shares during the year. Diluted earnings per share is calculated by dividing net income by the number of shares outstanding under the basic calculation and adding, all dilutive securities, which consist of options.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:EarningsPerSharePolicyTextBlock>
    <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Recently Issued Accounting Pronouncements&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;ASU 2016-02&lt;/font&gt; &amp;#8211; In&#13;          February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard&#13;          establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with&#13;          classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company expects to adopt the new standard&#13;          on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the beginning&#13;          of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application. Consequently,&#13;          financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The Company expects to recognize a material asset and a corresponding liability with&#13;          no material impact to operating results.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
    <SIEB:RecentlyAdoptedAccountingPronouncementsPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Recently Adopted Accounting Pronouncements&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;ASU 2014-09&lt;/font&gt; &amp;#8211; In&#13;          May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common&#13;          revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). In March 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue&#13;          Gross versus Net)." ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations&#13;          and Licensing." ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. These ASUs are effective for&#13;          public entities for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.&#13;          The Company adopted this guidance starting the first quarter of 2018. Entities have the choice to apply these ASUs either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying these standards at&#13;          the date of initial application and not adjusting comparative information. The Company has adopted ASC 606 using the modified retrospective method (i.e., cumulative effect method).&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:RecentlyAdoptedAccountingPronouncementsPolicyTextBlock>
    <us-gaap:SubsequentEventsPolicyPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Evaluation of Subsequent Events&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company has evaluated events that have occurred subsequent to December 31, 2018 and through March 26, 2019, the date&#13;          of the filing of this report. As previously disclosed in a Current Report on Form 8-K on January 18, 2019, the Company purchased approximately 15% of StockCross&amp;#8217; outstanding shares. The number of shares purchased by the Company was 922,875 at a&#13;          per share price of approximately $3.97.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;There have been no additional material subsequent events that occurred during such period that would require disclosure&#13;          in this report or would be required to be recognized in the financial statements as of December 31, 2018.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SubsequentEventsPolicyPolicyTextBlock>
    <us-gaap:StockholdersEquityPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Capital Stock&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The authorized capital stock of the Company consists of a single class of common stock.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:StockholdersEquityPolicyTextBlock>
    <SIEB:ScheduleOfRevenueCategoriesAndRemainingPerformanceObligationsTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents each revenue category and its related performance obligation:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" border="0" id="ze38102e02c4b4de6af82983c4200bd37" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Stream&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Performance Obligation&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Principal transactions, Commissions and fees, Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Provide security trading services to customer and act as agent&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;n/a&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</SIEB:ScheduleOfRevenueCategoriesAndRemainingPerformanceObligationsTableTextBlock>
    <us-gaap:DisaggregationOfRevenueTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents a breakdown of the Company&amp;#8217;s revenue between the amounts attributed to the legacy Siebert&#13;          customer base vs. the accounts acquired from the StockCross Retail Assets:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zc4fd0053dac345afb5511ba032f9d7c5" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ended December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: #FFFFFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Principal transactions:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,894,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;490,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,126,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,149,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,020,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,639,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Commissions and fees:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,792,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,527,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,712,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;274,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Revenue from Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,504,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,801,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Margin interest, marketing and distribution fees:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution&amp;#160;fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,674,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,409,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,254,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;191,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;10,928,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,600,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Additional Revenue:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Advisory fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;478,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;51,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Interest &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;106,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;19,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;30,036,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;13,110,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:DisaggregationOfRevenueTableTextBlock>
    <us-gaap:ScheduleOfDueToFromBrokerDealersAndClearingOrganizationsTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the&#13;          periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="z21395d04d0c14a568ce8552ad87eaa53" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Receivables from clearing and other brokers&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;NFS&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,664,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,396,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;310,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other receivables&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;31,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Citibank&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;25,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Receivables from clearing and other brokers&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2,030,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,396,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Receivable from related party&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;283,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Receivable from related party&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,000,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;283,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Due to clearing brokers and related parties&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;NFS&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;58,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;StockCross&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;46,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;127.000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;MSCO&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;29,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Due to clearing brokers and related parties&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;133,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;127,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfDueToFromBrokerDealersAndClearingOrganizationsTextBlock>
    <us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Furniture, equipment and leasehold improvements consisted of the following as of the periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zdb693312fb134332902f434366b1b8cc" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Leasehold improvements&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;545,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;267,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Equipment&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;52,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;52,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Furniture, equipment, and leasehold improvements&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;597,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;319,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Less accumulated depreciation and amortization&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(129,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(56,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Furniture, equipment, and leasehold improvements, net&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;468,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;263,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentTextBlock>
    <us-gaap:ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Software consisted of the following as of the periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="z26b170d46b5c43e186552b3afdaa3258" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Intangible asset &amp;#8211; Robo-Advisor&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;763,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other purchased software&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;459,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;97,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Software&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,222,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;97,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Less accumulated amortization &amp;#8211; Robo-Advisor&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Less accumulated&#13;              amortization &amp;#8211; Other purchased software&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(85,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(13,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Software, net&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;1,137,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;84,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock>
    <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred income tax (benefit) / expense, which represents the net change in the deferred tax assets or liability balance&#13;          during the year, including any change in the valuation allowance.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="z1f1c07205ca64b02860acc565473156f" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: bottom"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ending December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Current&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Federal&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;948,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;51,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;State and local&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;26,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;102,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Current&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;974,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;153,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Deferred&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Federal&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(3,248,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;State and local&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(2,328,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Deferred&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(5,576,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Income tax (benefit) / expense&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(4,602,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;153,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
    <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;A reconciliation of the U.S. federal statutory income tax rate to the effective tax rate applicable to income before&#13;          income taxes is as follows for the periods indicated:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="z1fd6a6d5accf40e19fada46a258578b2" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ending December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Federal statutory income tax rate&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;21.0&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;34.0&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Net effect of:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Non-deductible expenses&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1.2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Depreciation&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(0.9&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(4.5&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Tax amortization of intangible assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(3.8&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(1.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Other temporary differences&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(1.3&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(12.1&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Net operating loss&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(2.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(13.2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Increase due to state and local taxes, net of U.S.&lt;/font&gt;&lt;/div&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;federal income tax effects&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2.8&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Current effective income tax rate&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;13.2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Reversal of deferred tax assets valuation allowance&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(75.8&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Effective income tax rate&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;(62.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;%)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;6.6&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;%&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
    <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify; text-indent: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Below is a breakout of the deferred tax assets, net of valuation allowance as of the periods indicated. Prior period&#13;          amounts were adjusted to reflect the impact from the Tax Cuts and Jobs Act:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zf40be1eedbdb466fa509b6f3db3144f9" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;As of December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred tax assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Net operating loss carryforwards&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;5,811,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,596,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;5,811,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,596,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Deferred tax liabilities&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Furniture, equipment and leasehold improvements&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(193,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(79,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Contribution carryover&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;126,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Intangible assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(25,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Other reconciling items&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(42,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(235,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;22,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;5,576,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,618,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Valuation allowance&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;(6,618,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;&amp;#160;Deferred tax assets, net of valuation allowance&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;5,576,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
    <us-gaap:ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Future annual minimum base rental payments under these operating leases are as follows as of December 31, 2018:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z1fb0dbd4bd414495920bbdb79f7850bf" style="width: 40%; font: 10pt Times New Roman, Times, serif"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: bottom"&gt;&#13;              &lt;div style="text-align: right"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Amount&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2019&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;686,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2020&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;651,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2021&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;628,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2022&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;489,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;2023 and thereafter&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;507,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2,961,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock>
    <SIEB:ExpenseForSelfInsuranceClaims contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="0">546000</SIEB:ExpenseForSelfInsuranceClaims>
    <SIEB:ExpenseForSelfInsuranceClaims contextRef="From2018-01-01to2018-12-31" unitRef="USD" decimals="0">935000</SIEB:ExpenseForSelfInsuranceClaims>
    <SIEB:HealthClaimReinsuranceLimitPerEmployee contextRef="AsOf2018-12-31" unitRef="USD" decimals="0">50000</SIEB:HealthClaimReinsuranceLimitPerEmployee>
    <us-gaap:BrokersAndDealersDisclosureTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;7. Capital Requirements&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;MSCO is subject to the SEC&amp;#8217;s Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net&#13;          capital. MSCO has elected to use the alternative method permitted by the rule which requires that MSCO maintain minimum net capital, as defined, equal to the greater of $250,000, or 2% of aggregate debit balances arising from customer&#13;          transactions, as defined. The net capital rule also provides that equity capital may not be withdrawn or cash dividends paid if resulting net capital would be less than 5% of aggregate debits. As of December 31, 2018, MSCO had net capital of&#13;          approximately $8.9 million, which was $8.7 million in excess of required net capital of $250,000. As of December 31, 2017, MSCO had net capital of approximately $4.4 million, which was $4.2 million in excess of required net capital of $250,000.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;MSCO claims exemption from the reserve requirements under the SEC&amp;#8217;s Rule 15c 3-3 pursuant to paragraph (k)(2)(ii) as it&#13;          clears its customer transactions through one unaffiliated and one affiliated clearing firm on a fully disclosed basis.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Our cash and cash equivalents are unrestricted and are used to fund our working capital needs. The Company&amp;#8217;s total&#13;          assets as of December 31, 2018 were approximately $18.2 million, of which $7.2 million, or approximately 40%, is highly liquid. The Company&amp;#8217;s total assets as of December 31, 2017 were approximately $6.0 million, of which $3.8 million, or&#13;          approximately 62%, is highly liquid.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:BrokersAndDealersDisclosureTextBlock>
    <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2. Summary of Significant Accounting Policies&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Basis of Presentation&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The accompanying consolidated financial statements are prepared on the accrual basis of accounting in conformity with&#13;          accounting principles generally accepted in the United States of America (&amp;#8220;U.S. GAAP&amp;#8221;) as established by the Financial Accounting Standards Board (&amp;#8220;FASB&amp;#8221;) to ensure consistent reporting of financial condition. The consolidated financial&#13;          statements include the accounts of Siebert and its wholly-owned subsidiaries and upon consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Use of Estimates&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and&#13;          assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#13;          Actual results could differ from those estimates.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company makes significant estimates that affect the reported amounts of assets, liabilities, revenue, and expenses.&#13;          The estimates relate primarily to revenue and expenses in the normal course of business as to which the Company receives no confirmations, invoices, or other documentation at the time the books are closed. The Company uses its best judgment,&#13;          based on knowledge of these revenue transactions and expenses incurred, to estimate the amount of such revenue and expenses. The Company is not aware of any material differences between the estimates used in closing the Company&amp;#8217;s books for the&#13;          last five years and the actual amounts of revenue and expenses incurred when the Company subsequently receives the actual confirmations, invoices, or other documentation. Estimates are used in intangible asset valuations and useful lives,&#13;          depreciation, income taxes, and the contingent liabilities related to legal and healthcare expenses. The Company also estimates the valuation allowance relating to its deferred tax assets based on the more likely than not criteria. The Company&#13;          believes that its estimates are reasonable.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Reclassifications&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;br /&gt;&#13;          &lt;/font&gt;&lt;/font&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: left; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Certain prior period amounts have been reclassified to conform to the current year&amp;#8217;s presentation. These reclassifications&#13;          have no effect on previously reported net income.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Cash and Cash Equivalents&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Cash and cash equivalents are all cash balances that are unrestricted. The Company has defined cash equivalents as&#13;          highly liquid investments, with original maturities of less than 90 days that are not held for sale in the ordinary course of business. As of the years ended December 31, 2018 and 2017, the Company did not hold any cash equivalents.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Receivables from Clearing and Other Brokers&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Retail customer&#13;      transactions are cleared, on a fully disclosed basis, through two clearing brokers, StockCross and NFS,           the former&#13;      of which is an affiliate. The Company operates on a month to month basis with both clearing brokers and they offset their&#13;      fees against the Company's revenues on a monthly basis. Receivables from clearing and other brokers include amounts&#13;      receivable as well as cash on deposit. As of the years ended December 31, 2018 and 2017, cash clearing deposits with&#13;      StockCross and NFS were $75,000 and $50,000, respectively.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was&#13;          considered uncollectable as of the years ended December 31, 2018 and 2017. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from receivables from clearing and&#13;          other brokers and does not anticipate losses in the future.&lt;/font&gt;&lt;/div&gt;&#13;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Furniture, Equipment and Leasehold Improvements&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Furniture, equipment and leasehold improvements are stated at cost, net of accumulated depreciation and amortization.&#13;          Depreciation is calculated using the straight-line method over the lives of the assets, generally not exceeding four years. Leasehold improvements are amortized over the shorter of the useful life or remaining lease term unless the lease&#13;          transfers ownership of the underlying asset to the lessee or lessee is reasonably certain to exercise an option to purchase the underlying asset, in which case the lessee will amortize over the useful life of the leasehold improvements.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Software&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company capitalizes certain costs for software such as the Robo-Advisor, software license arrangements with a&#13;          contract term of greater than 1 year, as well as other software, and amortizes the assets over the estimated useful life of the software or contract term, generally not exceeding 3 years. The Company accounts for software license arrangements&#13;          with a contract term of 1 year as prepaid assets and amortizes them over the contract term. Other software costs such as routine maintenance and various data services to provide market information to customers are expensed as incurred.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Amortization of Intangible Assets&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company has a finite-lived intangible asset in the Robo-Advisor acquired from KCAT. Intangible assets with finite&#13;          lives are amortized on a straight-line basis over their estimated useful lives. The Company acquired the Robo-Advisor from KCAT in August 2018. The Robo-Advisor has an estimated useful life of 3 years and the Company will start to amortize it in&#13;          2019.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Advertising Costs&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Advertising costs are expensed as incurred and totaled $45,000 and $87,000 for the years ended December 31, 2018 and&#13;          2017, respectively.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Revenue Recognition and Other Income&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;On January 1, 2018, the Company adopted the new revenue recognition standard ASC 606, Revenue from Contracts with&#13;          Customers, on the modified retrospective method (i.e., cumulative method). The Company has elected the modified retrospective method which did not result in a cumulative-effect adjustment at the date of adoption. The implementation of this new&#13;          standard had no material impact on the Company's consolidated financial statements for the years ended December 31, 2018 and 2017.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Revenue from&#13;      contracts with customers includes commissions  and fees, principal transactions and advisory fees. The recognition and        &#13;      measurement       of revenue is based on the assessment of individual contract terms. Significant judgment is required to&#13;      determine whether       performance obligations are satisfied at a point in time or over time; how to allocate transaction&#13;      prices where             multiple performance obligations are identified; when to recognize revenue based on the appropriate&#13;      measure of the       Company&amp;#8217;s progress under the contract; and whether constraints on variable consideration should be&#13;      applied due to       uncertain future           events.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The primary sources of revenue for the Company are as follows:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin Interest, Marketing and Distribution fees&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin interest, marketing and distribution fees consists of two components: margin interest and 12b1 fees. Margin&#13;          interest is the net interest charged to customers for holding financed margin positions, and 12b1 fees are fees paid to the Company related to trailing payments from mutual funds as a result of prior sales of mutual funds to customers. Margin&#13;          interest, marketing and distribution fees are recorded as earned.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Principal Transactions&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Principal transactions primarily represent riskless transactions in which the Company, after executing a solicited&#13;          order, buys or sells securities as principal and at the same time buys or sells the securities with a markup or markdown to satisfy the order. Principal transactions are recognized at a point in time on the trade date when the performance&#13;          obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been&#13;          transferred to/from the customer.&lt;/font&gt;&lt;/div&gt;&#13;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Commissions and Fees&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company earns commission revenue for executing trades for clients in individual equities, options, insurance&#13;          products, futures, fixed income securities, as well as certain third party mutual funds and ETFs. Commission revenue associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, is&#13;          recognized at a point in time on the trade date when the performance obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the&#13;          pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Advisory Fees&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company earns advisory fees associated with managing client assets. The performance obligation related to its&#13;          revenue stream is satisfied over time; however, the advisory fees are variable as they are charged as a percentage of the client&amp;#8217;s total asset value, which is determined at the end of the quarter.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents the major revenue categories and when each category is recognized:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zaec504e7f4fb4fab94c7a992a3a90470" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ended December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Category&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; font: 10pt &amp;quot; text-align: center"&gt; &lt;font style="font-weight: bold"&gt;Timing of Recognition &lt;/font&gt;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Trading Execution and Clearing Services&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,504,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,801,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160; Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,020,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,639,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160; Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;584,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;70,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Other Income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Margin interest&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,663,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,726,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;12b1 fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,265,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,874,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;10,928,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,600,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;30,036,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;13,110,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents each revenue category and its related performance obligation:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" border="0" id="ze38102e02c4b4de6af82983c4200bd37" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Stream&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Performance Obligation&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Principal transactions, Commissions and fees, Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Provide security trading services to customer and act as agent&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;n/a&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;&#13;      &lt;div&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Disaggregation of Revenue&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents a breakdown of the Company&amp;#8217;s revenue between the amounts attributed to the legacy Siebert&#13;          customer base vs. the accounts acquired from the StockCross Retail Assets:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zc4fd0053dac345afb5511ba032f9d7c5" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ended December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: #FFFFFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Principal transactions:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,894,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;490,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,126,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,149,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,020,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,639,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Commissions and fees:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,792,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,527,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,712,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;274,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Revenue from Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,504,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,801,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Margin interest, marketing and distribution fees:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution&amp;#160;fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,674,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,409,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,254,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;191,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;10,928,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,600,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Additional Revenue:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Advisory fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;478,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;51,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Interest &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;106,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;19,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;30,036,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;13,110,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Income Taxes&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The results of operations are included in the consolidated federal income tax return of the Company as well as the&#13;          consolidated or standalone state and local income tax returns of the Company and/or its subsidiaries. The amount of current and deferred taxes payable or refundable is recognized as of the date of the financial statements, utilizing currently&#13;          enacted tax laws and rates. Deferred tax expenses or benefits are recognized in the financial statements for the changes in deferred tax liabilities or assets between years.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company records accruals for uncertain tax positions when the Company believes that it is not more likely than not&#13;          that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The Company makes adjustments to these accruals when facts and circumstances change, such as the closing of a tax&#13;          audit or the refinement of an estimate. The Company had no uncertain tax positions as of December 31, 2018 and 2017.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company recognizes deferred tax assets to the extent that the Company believes these assets are more likely than not&#13;          to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversal of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and&#13;          results of recent operations. To the extent the Company determines that realization of deferred tax assets is not "more likely than not," the Company establishes a valuation allowance. As a result, the amount of the deferred tax assets considered&#13;          realizable could be reduced in the near term if estimates of future taxable income are reduced. Such an occurrence could materially impact the Company&amp;#8217;s results of operations and financial condition.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Evaluation of Subsequent Events&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company has evaluated events that have occurred subsequent to December 31, 2018 and through March 26, 2019, the date&#13;          of the filing of this report. As previously disclosed in a Current Report on Form 8-K on January 18, 2019, the Company purchased approximately 15% of StockCross&amp;#8217; outstanding shares. The number of shares purchased by the Company was 922,875 at a&#13;          per share price of approximately $3.97.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;There have been no additional material subsequent events that occurred during such period that would require disclosure&#13;          in this report or would be required to be recognized in the financial statements as of December 31, 2018.&lt;/font&gt;&lt;/div&gt;&#13;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Capital Stock&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The authorized capital stock of the Company consists of a single class of common stock.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Per Share Data&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average outstanding common&#13;          shares during the year. Diluted earnings per share is calculated by dividing net income by the number of shares outstanding under the basic calculation and adding, all dilutive securities, which consist of options.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Recently Issued Accounting Pronouncements&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;ASU 2016-02&lt;/font&gt; &amp;#8211; In&#13;          February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard&#13;          establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with&#13;          classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company expects to adopt the new standard&#13;          on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the beginning&#13;          of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application. Consequently,&#13;          financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The Company expects to recognize a material asset and a corresponding liability with&#13;          no material impact to operating results.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Recently Adopted Accounting Pronouncements&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;ASU 2014-09&lt;/font&gt; &amp;#8211; In&#13;          May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common&#13;          revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). In March 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue&#13;          Gross versus Net)." ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations&#13;          and Licensing." ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. These ASUs are effective for&#13;          public entities for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.&#13;          The Company adopted this guidance starting the first quarter of 2018. Entities have the choice to apply these ASUs either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying these standards at&#13;          the date of initial application and not adjusting comparative information. The Company has adopted ASC 606 using the modified retrospective method (i.e., cumulative effect method).&lt;/font&gt;&lt;/div&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
    <us-gaap:RevenueFromContractWithCustomerPolicyTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: italic 10pt Times New Roman, Times, serif"&gt;Revenue Recognition and Other Income&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;On January 1, 2018, the Company adopted the new revenue recognition standard ASC 606, Revenue from Contracts with&#13;          Customers, on the modified retrospective method (i.e., cumulative method). The Company has elected the modified retrospective method which did not result in a cumulative-effect adjustment at the date of adoption. The implementation of this new&#13;          standard had no material impact on the Company's consolidated financial statements for the years ended December 31, 2018 and 2017.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Revenue from&#13;      contracts with customers includes commissions  and fees, principal transactions and advisory fees. The recognition and&#13;          measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where&#13;          multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company&amp;#8217;s progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future&#13;          events.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The primary sources of revenue for the Company are as follows:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin Interest, Marketing and Distribution fees&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin interest, marketing and distribution fees consists of two components: margin interest and 12b1 fees. Margin&#13;          interest is the net interest charged to customers for holding financed margin positions, and 12b1 fees are fees paid to the Company related to trailing payments from mutual funds as a result of prior sales of mutual funds to customers. Margin&#13;          interest, marketing and distribution fees are recorded as earned.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Principal Transactions&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Principal transactions primarily represent riskless transactions in which the Company, after executing a solicited&#13;          order, buys or sells securities as principal and at the same time buys or sells the securities with a markup or markdown to satisfy the order. Principal transactions are recognized at a point in time on the trade date when the performance&#13;          obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been&#13;          transferred to/from the customer.&lt;/font&gt;&lt;/div&gt;&#13;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Commissions and Fees&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company earns commission revenue for executing trades for clients in individual equities, options, insurance&#13;          products, futures, fixed income securities, as well as certain third party mutual funds and ETFs. Commission revenue associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, is&#13;          recognized at a point in time on the trade date when the performance obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the&#13;          pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Advisory Fees&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The Company earns advisory fees associated with managing client assets. The performance obligation related to its&#13;          revenue stream is satisfied over time; however, the advisory fees are variable as they are charged as a percentage of the client&amp;#8217;s total asset value, which is determined at the end of the quarter.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents the major revenue categories and when each category is recognized:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zaec504e7f4fb4fab94c7a992a3a90470" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ended December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Category&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; font: 10pt &amp;quot; text-align: center"&gt; &lt;font style="font-weight: bold"&gt;Timing of Recognition &lt;/font&gt;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Trading Execution and Clearing Services&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,504,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,801,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160; Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,020,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,639,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160; Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;584,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;70,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Other Income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Margin interest&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,663,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,726,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;12b1 fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,265,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,874,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;10,928,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,600,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;30,036,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;13,110,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents each revenue category and its related performance obligation:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" border="0" id="ze38102e02c4b4de6af82983c4200bd37" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Stream&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Performance Obligation&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Principal transactions, Commissions and fees, Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Provide security trading services to customer and act as agent&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 50%; vertical-align: top"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;n/a&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;&#13;      &lt;div&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Disaggregation of Revenue&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents a breakdown of the Company&amp;#8217;s revenue between the amounts attributed to the legacy Siebert&#13;          customer base vs. the accounts acquired from the StockCross Retail Assets:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div style="text-align: left; font: 10pt &amp;quot"&gt; &lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zc4fd0053dac345afb5511ba032f9d7c5" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ended December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: bottom; background-color: #FFFFFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Principal transactions:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,894,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;490,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,126,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,149,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,020,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,639,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Commissions and fees:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,792,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,527,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,712,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;274,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Revenue from Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,504,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,801,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue from Margin interest, marketing and distribution fees:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution&amp;#160;fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,674,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,409,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees &amp;#8211; StockCross Retail Assets&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,254,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;191,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Total Revenue from Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;10,928,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,600,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Additional Revenue:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Advisory fees &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;478,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;51,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Interest &amp;#8211; Legacy Siebert&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;106,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;19,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;30,036,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;13,110,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;        &#13;      &lt;/table&gt;&#13;      &lt;/div&gt;&lt;/div&gt;</us-gaap:RevenueFromContractWithCustomerPolicyTextBlock>
    <SIEB:ScheduleOfRevenueCategoriesTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;The following table presents the major revenue categories and when each category is recognized:&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zaec504e7f4fb4fab94c7a992a3a90470" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Year Ended December 31,&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Revenue Category&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; font: 10pt &amp;quot; text-align: center"&gt; &lt;font style="font-weight: bold"&gt;Timing of Recognition &lt;/font&gt;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Trading Execution and Clearing Services&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Commissions and fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,504,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,801,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160; Principal transactions&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;9,020,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,639,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded on trade date&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160; Advisory fees and additional income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;584,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;70,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Other Income&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;Margin interest&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,663,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,726,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;&amp;#160;12b1 fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,265,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,874,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Recorded as earned&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;Total Margin interest, marketing and distribution fees&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;10,928,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,600,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 54%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: justify"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;Total Revenue&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;30,036,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;13,110,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: top; width: 21%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:ScheduleOfRevenueCategoriesTableTextBlock>
    <us-gaap:QuarterlyFinancialInformationTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div style="text-align: left"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;12. Summarized Quarterly Financial Data (unaudited)&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zbca06deeda8a416d93c69c929b4bfa66" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: #000000 1px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 20%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q1&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q3&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q4&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="border-bottom-style: solid; border-bottom-width: 2px; vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-bottom-style: solid; border-bottom-width: 2px; border-left: #000000 1px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q1&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q3&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q4&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 20%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Revenue&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;8,177,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,488,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,884,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,487,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,379,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,689,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,089,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,953,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Net income (loss)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,693,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,799,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,119,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;5,351,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;58,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;365,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,001,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;733,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 20%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Net income (loss) per share:&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Continuing operations&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.06&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.07&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.11&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.20&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.00&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.02&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.05&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.03&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 20%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Discontinued operations&lt;/font&gt;&lt;/div&gt;&#13; 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           &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13; 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width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13; 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    <us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock contextRef="From2018-01-01to2018-12-31">&lt;div&gt;&lt;div style="text-align: left"&gt;&lt;div&gt;&lt;/div&gt;&#13;      &lt;table cellspacing="0" cellpadding="0" id="zbca06deeda8a416d93c69c929b4bfa66" style="font: 10pt Times New Roman, Times, serif; width: 100%"&gt;&#13;        &#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt; 2018&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: #000000 1px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt Times New Roman, Times, serif"&gt;2017&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 20%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q1&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q3&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q4&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="border-bottom-style: solid; border-bottom-width: 2px; vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-bottom-style: solid; border-bottom-width: 2px; border-left: #000000 1px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q1&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q2&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q3&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 2px solid"&gt;&#13;              &lt;div style="text-align: center"&gt;&lt;font style="font: bold 10pt &amp;quot"&gt;Q4&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 20%"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Revenue&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;8,177,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,488,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;7,884,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;6,487,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,379,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;2,689,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;3,089,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;4,953,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;Net income (loss)&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,693,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;1,799,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13; 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text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;733,000&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; 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white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;/tr&gt;&#13;          &lt;tr&gt;&#13;            &lt;td style="vertical-align: bottom; vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;&amp;#160;&amp;#160;Continuing operations&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.06&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.07&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.11&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.20&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.00&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.02&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;$&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)"&gt;&#13;              &lt;div&gt;&lt;font style="font: 10pt Times New Roman, Times, serif"&gt;0.05&lt;/font&gt;&lt;/div&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13; 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<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>7
<FILENAME>sieb-20181231_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpensesAndOtherCurrentAssetsMember_lbl" xml:lang="en-US">Prepaid assets [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xml:lang="en-US">Subsequent Event Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US">Subsequent Event [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US">Related Party [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_PWCMember" xlink:label="SIEB_PWCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PWCMember" xlink:to="SIEB_PWCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PWCMember_lbl" xml:lang="en-US">PWC [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScilentNetworksMember" xlink:to="SIEB_ScilentNetworksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ScilentNetworksMember_lbl" xml:lang="en-US">Scilent Networks [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DocumentAndEntityInformationAbstract" xlink:to="SIEB_DocumentAndEntityInformationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US">Document And Entity Information</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Is Entity a Well-known Seasoned Issuer?</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Is Entity a Voluntary Filer?</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Is Entity's Reporting Status Current?</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US">ASSETS</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueFromRelatedParties_lbl" xml:lang="en-US">Receivable from related party</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_ReceivableFromLessors" xlink:label="SIEB_ReceivableFromLessors" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromLessors" xlink:to="SIEB_ReceivableFromLessors_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReceivableFromLessors_lbl" xml:lang="en-US">Receivable from lessors</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivables" xlink:to="us-gaap_OtherReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherReceivables_lbl" xml:lang="en-US">Other receivables</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xml:lang="en-US">Prepaid expenses and other assets</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent" xlink:to="us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">LIABILITIES AND STOCKHOLDERS EQUITY</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="us-gaap_LiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LeaseIncentivePayableCurrentAndNoncurrent" xlink:label="us-gaap_LeaseIncentivePayableCurrentAndNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseIncentivePayableCurrentAndNoncurrent" xlink:to="us-gaap_LeaseIncentivePayableCurrentAndNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseIncentivePayableCurrentAndNoncurrent_lbl" xml:lang="en-US">Lease incentive obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_lbl" xml:lang="en-US">Due to clearing brokers and related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TaxesPayableCurrent" xlink:label="us-gaap_TaxesPayableCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxesPayableCurrent" xlink:to="us-gaap_TaxesPayableCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TaxesPayableCurrent_lbl" xml:lang="en-US">Income taxes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US">Total liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US">Commitments and contingencies</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US">Stockholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common stock, $.01 par value; 49,000,000 shares authorized, 27,157,188 shares issued and outstanding as of December 31, 2018 and December 31, 2017</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xml:lang="en-US">Additional paid-in capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained earnings/(Accumulated deficit)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Stockholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US">Liabilities and Stockholders' equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockholdersEquityAbstract_2_lbl" xml:lang="en-US">Stockholder's equity:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Common stock, par value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US">Common stock, authorized shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common stock, issued shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common stock, outstanding shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="us-gaap_TreasuryStockShares" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockShares_lbl" xml:lang="en-US">Treasury Stock Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US">Income Statement [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US">Revenue:</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_lbl" xml:lang="en-US">Margin interest, marketing and distribution fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromCommissionsAndFees" xlink:label="SIEB_RevenueFromCommissionsAndFees" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromCommissionsAndFees_lbl" xml:lang="en-US">Commissions and fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PrincipalTransactionsRevenue" xlink:label="us-gaap_PrincipalTransactionsRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrincipalTransactionsRevenue" xlink:to="us-gaap_PrincipalTransactionsRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrincipalTransactionsRevenue_lbl" xml:lang="en-US">Principal transactions</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromAdvisoryFees" xlink:label="SIEB_RevenueFromAdvisoryFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromAdvisoryFees" xlink:to="SIEB_RevenueFromAdvisoryFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromAdvisoryFees_lbl" xml:lang="en-US">Advisory fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating" xlink:label="us-gaap_InterestAndDividendIncomeOperating" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xml:lang="en-US">Interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Revenues" xlink:label="us-gaap_Revenues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Revenues_lbl" xml:lang="en-US">Total Revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="us-gaap_OperatingExpensesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xml:lang="en-US">Expenses:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LaborAndRelatedExpense" xlink:label="us-gaap_LaborAndRelatedExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LaborAndRelatedExpense" xlink:to="us-gaap_LaborAndRelatedExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LaborAndRelatedExpense_lbl" xml:lang="en-US">Employee compensation and benefits</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FloorBrokerageExchangeAndClearanceFees" xlink:label="us-gaap_FloorBrokerageExchangeAndClearanceFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FloorBrokerageExchangeAndClearanceFees" xlink:to="us-gaap_FloorBrokerageExchangeAndClearanceFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FloorBrokerageExchangeAndClearanceFees_lbl" xml:lang="en-US">Clearing fees, including execution costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProfessionalFees" xlink:label="us-gaap_ProfessionalFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfessionalFees" xlink:to="us-gaap_ProfessionalFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfessionalFees_lbl" xml:lang="en-US">Professional fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense" xlink:label="us-gaap_OtherGeneralAndAdministrativeExpense" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Other general and administrative</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology" xlink:label="us-gaap_CommunicationsAndInformationTechnology" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OccupancyNet_lbl" xml:lang="en-US">Rent and occupancy</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US">Depreciation and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MarketingAndAdvertisingExpense" xlink:label="us-gaap_MarketingAndAdvertisingExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketingAndAdvertisingExpense" xlink:to="us-gaap_MarketingAndAdvertisingExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketingAndAdvertisingExpense_lbl" xml:lang="en-US">Advertising and promotion</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US">Total Expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US">Income before (benefit) for (from) income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">(Benefit) provision (from) for income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xml:lang="en-US">Net income per share of common stock Basic and diluted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:to="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Weighted average shares outstanding Basic and diluted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_2_lbl" xml:lang="en-US">Beginning balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockOtherSharesOutstanding" xlink:label="us-gaap_CommonStockOtherSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockOtherSharesOutstanding" xlink:to="us-gaap_CommonStockOtherSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CommonStockOtherSharesOutstanding_lbl" xml:lang="en-US">Beginning balance, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US">Issuance of stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US">Issuance of stock, shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_2_lbl" xml:lang="en-US">Net income</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_CapitalContribution" xlink:label="SIEB_CapitalContribution" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CapitalContribution" xlink:to="SIEB_CapitalContribution_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CapitalContribution_lbl" xml:lang="en-US">Capital Contribution</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xml:lang="en-US">Distributions</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_3_lbl" xml:lang="en-US">Ending balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockOtherSharesOutstanding" xlink:to="us-gaap_CommonStockOtherSharesOutstanding_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CommonStockOtherSharesOutstanding_2_lbl" xml:lang="en-US">Ending balance, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from operating activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by operating activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets" xlink:label="SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets_lbl" xml:lang="en-US">Reduction in valuation allowance related to deferred tax assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US">Changes in</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInBrokerageReceivables" xlink:label="us-gaap_IncreaseDecreaseInBrokerageReceivables" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInBrokerageReceivables_lbl" xml:lang="en-US">Receivables from clearing and other brokers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInDueFromRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedParties" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedParties_lbl" xml:lang="en-US">Receivable from related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInReceivables" xlink:label="us-gaap_IncreaseDecreaseInReceivables" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInReceivables_lbl" xml:lang="en-US">Receivable from lessors</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInOtherReceivables" xlink:label="us-gaap_IncreaseDecreaseInOtherReceivables" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" />
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      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_IncreaseDecreaseInLeaseIncentiveObligation" xlink:label="SIEB_IncreaseDecreaseInLeaseIncentiveObligation" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract_lbl" xml:lang="en-US">Non cash investing and financing activities</link:label>
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      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability" xlink:label="SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability" xlink:to="SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability_lbl" xml:lang="en-US">Payment by related party of accrued settlement liability</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:label="us-gaap_StockIssuedDuringPeriodValueAcquisitions" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueAcquisitions_lbl" xml:lang="en-US">Issuance of shares for StockCross acquisition</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xml:lang="en-US">Organization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure" xlink:label="us-gaap_DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xml:lang="en-US">Schedule of Reconciliation of U.S. Federal Statutory Income Tax Rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:to="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xml:lang="en-US">Schedule of Deferred Tax Assets (Liabilities)</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_CommitmentsContingenciesAndOtherTablesAbstract" xlink:label="SIEB_CommitmentsContingenciesAndOtherTablesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CommitmentsContingenciesAndOtherTablesAbstract" xlink:to="SIEB_CommitmentsContingenciesAndOtherTablesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CommitmentsContingenciesAndOtherTablesAbstract_lbl" xml:lang="en-US">Commitments Contingencies And Other Tables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock" xlink:label="us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock" xlink:to="us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock_lbl" xml:lang="en-US">Schedule of Future Minimum Rental Payments for Operating Leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:to="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" xml:lang="en-US">Summarized quarterly financial data</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_lbl" xml:lang="en-US">Schedule of Business Acquisitions, by Acquisition [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessAcquisitionLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionLineItems_lbl" xml:lang="en-US">Business Acquisition [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:to="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xml:lang="en-US">Total consideration of acquisition</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:to="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl" xml:lang="en-US">Shares issued in acquisition</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:to="us-gaap_StockIssuedDuringPeriodValueAcquisitions_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueAcquisitions_2_lbl" xml:lang="en-US">Shares issued in acquisition, value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LegalFees" xlink:label="us-gaap_LegalFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LegalFees" xlink:to="us-gaap_LegalFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LegalFees_lbl" xml:lang="en-US">Legal and appraisal fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsBookValue" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsBookValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsBookValue" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsBookValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsBookValue_lbl" xml:lang="en-US">Book value of assets acquired</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_lbl" xml:lang="en-US">Fair market value of assets acquired</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Deposits" xlink:label="us-gaap_Deposits" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Deposits" xlink:to="us-gaap_Deposits_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Deposits_lbl" xml:lang="en-US">Cash clearing deposits</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:to="us-gaap_FiniteLivedIntangibleAssetUsefulLife_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife_lbl" xml:lang="en-US">Estimated useful life of software</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AdvertisingExpense" xlink:label="us-gaap_AdvertisingExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdvertisingExpense" xlink:to="us-gaap_AdvertisingExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdvertisingExpense_lbl" xml:lang="en-US">Advertising costs</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_PercentageOfPurchasedShares" xlink:label="SIEB_PercentageOfPurchasedShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOfPurchasedShares" xlink:to="SIEB_PercentageOfPurchasedShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PercentageOfPurchasedShares_lbl" xml:lang="en-US">Percentage of shares purchased</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodShares" xlink:to="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xml:lang="en-US">Number of shares purchased</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="us-gaap_SharesIssuedPricePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssuedPricePerShare" xlink:to="us-gaap_SharesIssuedPricePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesIssuedPricePerShare_lbl" xml:lang="en-US">Number of shares purchased, price per share</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_TradingExecutionAndClearingServicesAbstract" xlink:label="SIEB_TradingExecutionAndClearingServicesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TradingExecutionAndClearingServicesAbstract" xlink:to="SIEB_TradingExecutionAndClearingServicesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_TradingExecutionAndClearingServicesAbstract_lbl" xml:lang="en-US">Trading Execution and Clearing Services</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_AdvisoryFeesAndAdditionalIncome" xlink:label="SIEB_AdvisoryFeesAndAdditionalIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesAndAdditionalIncome" xlink:to="SIEB_AdvisoryFeesAndAdditionalIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_AdvisoryFeesAndAdditionalIncome_lbl" xml:lang="en-US">Advisory fees and additional income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="us-gaap_OtherIncomeAndExpensesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncomeAndExpensesAbstract" xlink:to="us-gaap_OtherIncomeAndExpensesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIncomeAndExpensesAbstract_lbl" xml:lang="en-US">Other Income</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_MarginInterestMarketingAndDistributionFeesAbstract" xlink:label="SIEB_MarginInterestMarketingAndDistributionFeesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarginInterestMarketingAndDistributionFeesAbstract" xlink:to="SIEB_MarginInterestMarketingAndDistributionFeesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_MarginInterestMarketingAndDistributionFeesAbstract_lbl" xml:lang="en-US">Margin interest, marketing and distribution fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_MarginInterestIncome" xlink:label="SIEB_MarginInterestIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarginInterestIncome" xlink:to="SIEB_MarginInterestIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_MarginInterestIncome_lbl" xml:lang="en-US">Margin interest</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_TwelveB1FeesRevenue" xlink:label="SIEB_TwelveB1FeesRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TwelveB1FeesRevenue" xlink:to="SIEB_TwelveB1FeesRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_TwelveB1FeesRevenue_lbl" xml:lang="en-US">12b1 fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue" xlink:label="SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue" xlink:to="SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue_lbl" xml:lang="en-US">Total Margin interest, marketing and distribution fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromPrincipalTransactionsAbstract" xlink:label="SIEB_RevenueFromPrincipalTransactionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromPrincipalTransactionsAbstract" xlink:to="SIEB_RevenueFromPrincipalTransactionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromPrincipalTransactionsAbstract_lbl" xml:lang="en-US">Revenue from Principal transactions:</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromPrincipalTransactionsLegacySiebert" xlink:label="SIEB_RevenueFromPrincipalTransactionsLegacySiebert" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromPrincipalTransactionsLegacySiebert" xlink:to="SIEB_RevenueFromPrincipalTransactionsLegacySiebert_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromPrincipalTransactionsLegacySiebert_lbl" xml:lang="en-US">Principal transactions - Legacy Siebert</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets" xlink:label="SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets" xlink:to="SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets_lbl" xml:lang="en-US">Principal transactions - StockCross Retail Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromPrincipalTransactions" xlink:label="SIEB_RevenueFromPrincipalTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromPrincipalTransactions" xlink:to="SIEB_RevenueFromPrincipalTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="SIEB_RevenueFromPrincipalTransactions_lbl" xml:lang="en-US">Total Revenue from Principal transactions</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromCommissionsAndFeesAbstract" xlink:label="SIEB_RevenueFromCommissionsAndFeesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFeesAbstract" xlink:to="SIEB_RevenueFromCommissionsAndFeesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromCommissionsAndFeesAbstract_lbl" xml:lang="en-US">Revenue from Commissions and fees:</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromCommissionsAndFeesLegacySiebert" xlink:label="SIEB_RevenueFromCommissionsAndFeesLegacySiebert" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFeesLegacySiebert" xlink:to="SIEB_RevenueFromCommissionsAndFeesLegacySiebert_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromCommissionsAndFeesLegacySiebert_lbl" xml:lang="en-US">Commissions and fees - Legacy Siebert</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets" xlink:label="SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets" xlink:to="SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets_lbl" xml:lang="en-US">Commissions and fees - StockCross Retail Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFees" xlink:to="SIEB_RevenueFromCommissionsAndFees_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="SIEB_RevenueFromCommissionsAndFees_2_lbl" xml:lang="en-US">Total Revenue from Commissions and fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesAbstract" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesAbstract" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesAbstract_lbl" xml:lang="en-US">Revenue from Margin interest, marketing and distribution fees:</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert_lbl" xml:lang="en-US">Margin interest, marketing and distribution fees - Legacy Siebert</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets_lbl" xml:lang="en-US">Margin interest, marketing and distribution fees - StockCross Retail Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_2_lbl" xml:lang="en-US">Total Revenue from Margin interest, marketing and distribution fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_AdditionalRevenueAbstract" xlink:label="SIEB_AdditionalRevenueAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdditionalRevenueAbstract" xlink:to="SIEB_AdditionalRevenueAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_AdditionalRevenueAbstract_lbl" xml:lang="en-US">Additional Revenue:</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_RevenueFromAdvisoryFeesLegacySiebert" xlink:label="SIEB_RevenueFromAdvisoryFeesLegacySiebert" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromAdvisoryFeesLegacySiebert" xlink:to="SIEB_RevenueFromAdvisoryFeesLegacySiebert_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromAdvisoryFeesLegacySiebert_lbl" xml:lang="en-US">Advisory fees - Legacy Siebert</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="us-gaap_InvestmentIncomeInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xml:lang="en-US">Interest - Legacy Siebert</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract" xlink:to="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract_lbl" xml:lang="en-US">Receivables from clearing and other brokers</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_DueFromNFS" xlink:label="SIEB_DueFromNFS" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromNFS" xlink:to="SIEB_DueFromNFS_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueFromNFS_lbl" xml:lang="en-US">NFS</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_DueFromStockCross" xlink:label="SIEB_DueFromStockCross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromStockCross" xlink:to="SIEB_DueFromStockCross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueFromStockCross_lbl" xml:lang="en-US">StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations" xlink:label="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations" xlink:to="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations_lbl" xml:lang="en-US">Other receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DueFromCorrespondentBrokers" xlink:label="us-gaap_DueFromCorrespondentBrokers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromCorrespondentBrokers" xlink:to="us-gaap_DueFromCorrespondentBrokers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueFromCorrespondentBrokers_lbl" xml:lang="en-US">Citibank</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" xlink:to="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_2_lbl" xml:lang="en-US">Total Receivables from clearing and other brokers</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_ReceivableFromRelatedPartyAbstract" xlink:label="SIEB_ReceivableFromRelatedPartyAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromRelatedPartyAbstract" xlink:to="SIEB_ReceivableFromRelatedPartyAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_ReceivableFromRelatedPartyAbstract_lbl" xml:lang="en-US">Receivable from related party</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:to="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_lbl" xml:lang="en-US">StockCross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedParties" xlink:to="us-gaap_DueFromRelatedParties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DueFromRelatedParties_2_lbl" xml:lang="en-US">Total Receivable from related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" xlink:to="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract_lbl" xml:lang="en-US">Due to clearing brokers and related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_DueToCorrespondentNFS" xlink:label="SIEB_DueToCorrespondentNFS" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentNFS" xlink:to="SIEB_DueToCorrespondentNFS_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_DueToCorrespondentNFS_lbl" xml:lang="en-US">NFS</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_DueToCorrespondentStockCross" xlink:label="SIEB_DueToCorrespondentStockCross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentStockCross" xlink:to="SIEB_DueToCorrespondentStockCross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_DueToCorrespondentStockCross_lbl" xml:lang="en-US">StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations" xlink:label="us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations" xlink:to="us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations_lbl" xml:lang="en-US">MSCO</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_2_lbl" xml:lang="en-US">Total Due to clearing brokers and related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LeaseholdImprovementsGross" xlink:label="us-gaap_LeaseholdImprovementsGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseholdImprovementsGross" xlink:to="us-gaap_LeaseholdImprovementsGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseholdImprovementsGross_lbl" xml:lang="en-US">Leasehold improvements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MachineryAndEquipmentGross" xlink:label="us-gaap_MachineryAndEquipmentGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MachineryAndEquipmentGross" xlink:to="us-gaap_MachineryAndEquipmentGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MachineryAndEquipmentGross_lbl" xml:lang="en-US">Equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CapitalizedComputerSoftwareGross" xlink:label="us-gaap_CapitalizedComputerSoftwareGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedComputerSoftwareGross" xlink:to="us-gaap_CapitalizedComputerSoftwareGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedComputerSoftwareGross_lbl" xml:lang="en-US">Software and licenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="us-gaap_PropertyPlantAndEquipmentGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentGross" xlink:to="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xml:lang="en-US">Total Furniture, equipment and leasehold improvements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xml:lang="en-US">Less accumulated depreciation and amortization</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xml:lang="en-US">Total Furniture, equipment and leasehold improvements, net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xml:lang="en-US">Future amortization expense related to software in 2019</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xml:lang="en-US">Future amortization expense related to software in 2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xml:lang="en-US">Future amortization expense related to software in 2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:to="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xml:lang="en-US">Finite-Lived Intangible Assets [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:to="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xml:lang="en-US">Total Software</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xml:lang="en-US">Less accumulated amortization</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_2_lbl" xml:lang="en-US">Total Software, net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xml:lang="en-US">Federal</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US">State and local</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Total Current</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xml:lang="en-US">Deferred</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Federal</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">State and local</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Total Deferred</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_2_lbl" xml:lang="en-US">Total Income tax (benefit) / expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xml:lang="en-US">Federal statutory income tax rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAbstract" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAbstract_lbl" xml:lang="en-US">Net effect of:</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_lbl" xml:lang="en-US">Non-deductible expenses</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciation_lbl" xml:lang="en-US">Depreciation</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization_lbl" xml:lang="en-US">Tax amortization of intangible assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_lbl" xml:lang="en-US">Other temporary differences</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_EffectiveIncomeTaxRateReconciliationNetOperatingLoss" xlink:label="SIEB_EffectiveIncomeTaxRateReconciliationNetOperatingLoss" />
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      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_EffectiveIncomeTaxRateReversalOfDeferredTaxAssetsValuationAllowance" xlink:label="SIEB_EffectiveIncomeTaxRateReversalOfDeferredTaxAssetsValuationAllowance" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:to="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US">Valuation allowance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="us-gaap_DeferredTaxAssetsNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xml:lang="en-US">Deferred tax assets, net of valuation allowance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCapital" xlink:label="us-gaap_NetCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCapital" xlink:to="us-gaap_NetCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCapital_lbl" xml:lang="en-US">Net capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" xlink:label="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" xlink:to="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl" xml:lang="en-US">Minimum net capital required</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_NetCapitalInExcessOfMinimumRequirement" xlink:label="SIEB_NetCapitalInExcessOfMinimumRequirement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NetCapitalInExcessOfMinimumRequirement" xlink:to="SIEB_NetCapitalInExcessOfMinimumRequirement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_NetCapitalInExcessOfMinimumRequirement_lbl" xml:lang="en-US">Net capital in excess of minimum requirement</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_2_lbl" xml:lang="en-US">Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LeaseAndRentalExpense" xlink:label="us-gaap_LeaseAndRentalExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseAndRentalExpense" xlink:to="us-gaap_LeaseAndRentalExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xml:lang="en-US">Rent expense</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_ReceivableFromLandlord" xlink:label="SIEB_ReceivableFromLandlord" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromLandlord" xlink:to="SIEB_ReceivableFromLandlord_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReceivableFromLandlord_lbl" xml:lang="en-US">Receivable from landlord</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_HealthClaimReinsuranceLimitPerEmployee" xlink:label="SIEB_HealthClaimReinsuranceLimitPerEmployee" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_HealthClaimReinsuranceLimitPerEmployee" xlink:to="SIEB_HealthClaimReinsuranceLimitPerEmployee_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_HealthClaimReinsuranceLimitPerEmployee_lbl" xml:lang="en-US">Health claim reinsurance limit per employee</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_ExpenseForSelfInsuranceClaims" xlink:label="SIEB_ExpenseForSelfInsuranceClaims" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ExpenseForSelfInsuranceClaims" xlink:to="SIEB_ExpenseForSelfInsuranceClaims_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ExpenseForSelfInsuranceClaims_lbl" xml:lang="en-US">Expense for self-insurance claims</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LossContingencyAccrualCarryingValueCurrent" xlink:label="us-gaap_LossContingencyAccrualCarryingValueCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyAccrualCarryingValueCurrent" xlink:to="us-gaap_LossContingencyAccrualCarryingValueCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyAccrualCarryingValueCurrent_lbl" xml:lang="en-US">Accrual for self-insurance claims</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xml:lang="en-US">2019</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xml:lang="en-US">2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xml:lang="en-US">2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xml:lang="en-US">2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xml:lang="en-US">2023 and thereafter</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xml:lang="en-US">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromStockCross" xlink:to="SIEB_DueFromStockCross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_DueFromStockCross_2_lbl" xml:lang="en-US">Due from Stockcross to MSCO</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="us-gaap_RevenueFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromRelatedParties" xlink:to="us-gaap_RevenueFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueFromRelatedParties_lbl" xml:lang="en-US">Related party revenues</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyCosts" xlink:to="us-gaap_RelatedPartyCosts_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RelatedPartyCosts_2_lbl" xml:lang="en-US">Related party expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:to="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_2_lbl" xml:lang="en-US">Receivable from StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20181231.xsd#SIEB_JSummarizedQuarterlyFinancialDataUnauditedDetailsAbstract" xlink:label="SIEB_JSummarizedQuarterlyFinancialDataUnauditedDetailsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_JSummarizedQuarterlyFinancialDataUnauditedDetailsAbstract" xlink:to="SIEB_JSummarizedQuarterlyFinancialDataUnauditedDetailsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_JSummarizedQuarterlyFinancialDataUnauditedDetailsAbstract_lbl" xml:lang="en-US">Summarized Quarterly Financial Data Details</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Revenues_2_lbl" xml:lang="en-US">Revenue</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLoss_3_lbl" xml:lang="en-US">Net income (loss)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US">Net income (loss) per share:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_lbl" xml:lang="en-US">Continuing operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare" xlink:to="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare_lbl" xml:lang="en-US">Discontinued operations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CapitalContribution" xlink:to="SIEB_CapitalContribution_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CapitalContribution_doc" xml:lang="en-US">Capital Contribution.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability" xlink:to="SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability_doc" xml:lang="en-US">Payment by related party of accrued settlement liability.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFees" xlink:to="SIEB_RevenueFromCommissionsAndFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromCommissionsAndFees_doc" xml:lang="en-US">Revenue from commissions and fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RetainedEarningsAccumulatedDeficitMember" xlink:to="SIEB_RetainedEarningsAccumulatedDeficitMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RetainedEarningsAccumulatedDeficitMember_doc" xml:lang="en-US">Retained Earnings / (Accumulated Deficit) [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromLessors" xlink:to="SIEB_ReceivableFromLessors_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReceivableFromLessors_doc" xml:lang="en-US">Amount due from lessor for fees and charges.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_doc" xml:lang="en-US">Revenue from margin interest, marketing and distribution fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromPrincipalTransactions" xlink:to="SIEB_RevenueFromPrincipalTransactions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromPrincipalTransactions_doc" xml:lang="en-US">Revenue from principal transactions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromAdvisoryFees" xlink:to="SIEB_RevenueFromAdvisoryFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromAdvisoryFees_doc" xml:lang="en-US">Advisory fees revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets" xlink:to="SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets_doc" xml:lang="en-US">Reduction in valuation allowance related to deferred tax assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncreaseDecreaseInLeaseIncentiveObligation" xlink:to="SIEB_IncreaseDecreaseInLeaseIncentiveObligation_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_IncreaseDecreaseInLeaseIncentiveObligation_doc" xml:lang="en-US">Increase decrease in lease incentive obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IntangibleAssetRoboAdvisorMember" xlink:to="SIEB_IntangibleAssetRoboAdvisorMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_IntangibleAssetRoboAdvisorMember_doc" xml:lang="en-US">Robo-Advisor [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock" xlink:to="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock_doc" xml:lang="en-US">Disclosure of accounting policy pertaining to recently adopted accounting pronouncements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromNFS" xlink:to="SIEB_DueFromNFS_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueFromNFS_doc" xml:lang="en-US">Amount receivable from NFS.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromStockCross" xlink:to="SIEB_DueFromStockCross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueFromStockCross_doc" xml:lang="en-US">Due from StockCross.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" xlink:to="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_doc" xml:lang="en-US">Amount receivable from stockcross broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentNFS" xlink:to="SIEB_DueToCorrespondentNFS_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueToCorrespondentNFS_doc" xml:lang="en-US">Amount payable to correspondent NFS.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentStockCross" xlink:to="SIEB_DueToCorrespondentStockCross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueToCorrespondentStockCross_doc" xml:lang="en-US">Amount payable to correspondent stockcross.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MSCOMember" xlink:to="SIEB_MSCOMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MSCOMember_doc" xml:lang="en-US">MSCO [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_KennedyCabotAcquisitionMember" xlink:to="SIEB_KennedyCabotAcquisitionMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_KennedyCabotAcquisitionMember_doc" xml:lang="en-US">Kennedy Cabot Acquisition [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PWCAcquisitionMember" xlink:to="SIEB_PWCAcquisitionMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PWCAcquisitionMember_doc" xml:lang="en-US">PWC Acquisition [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AcquisitionOfStockCrossMember" xlink:to="SIEB_AcquisitionOfStockCrossMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AcquisitionOfStockCrossMember_doc" xml:lang="en-US">Acquisition of StockCross [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsBookValue" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsBookValue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsBookValue_doc" xml:lang="en-US">Book value of assets acquired at the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromPrincipalTransactionsLegacySiebert" xlink:to="SIEB_RevenueFromPrincipalTransactionsLegacySiebert_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromPrincipalTransactionsLegacySiebert_doc" xml:lang="en-US">Revenue from principal transactions - legacy siebert.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets" xlink:to="SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets_doc" xml:lang="en-US">Revenue from principal transactions - stockcross retail assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFeesLegacySiebert" xlink:to="SIEB_RevenueFromCommissionsAndFeesLegacySiebert_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromCommissionsAndFeesLegacySiebert_doc" xml:lang="en-US">Revenue from commissions and fees - legacy siebert.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets" xlink:to="SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets_doc" xml:lang="en-US">Revenue from commissions and fees - stockcross retail assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert_doc" xml:lang="en-US">Revenue from margin interest, marketing and distribution fees - legacy siebert.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets_doc" xml:lang="en-US">Revenue from margin interest, marketing and distribution fees - stockcross retail assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromAdvisoryFeesLegacySiebert" xlink:to="SIEB_RevenueFromAdvisoryFeesLegacySiebert_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromAdvisoryFeesLegacySiebert_doc" xml:lang="en-US">Revenue from advisory fees - legacy siebert.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesAndAdditionalIncome" xlink:to="SIEB_AdvisoryFeesAndAdditionalIncome_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AdvisoryFeesAndAdditionalIncome_doc" xml:lang="en-US">Advisory fees and additional income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarginInterestIncome" xlink:to="SIEB_MarginInterestIncome_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MarginInterestIncome_doc" xml:lang="en-US">Margin interest income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TwelveB1FeesRevenue" xlink:to="SIEB_TwelveB1FeesRevenue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_TwelveB1FeesRevenue_doc" xml:lang="en-US">Revenue from 12b1 fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue" xlink:to="SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue_doc" xml:lang="en-US">Revenue from margin interest, marketing and distribution fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfRevenueCategoriesTableTextBlock" xlink:to="SIEB_ScheduleOfRevenueCategoriesTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfRevenueCategoriesTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of major revenue categories.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossMember" xlink:to="SIEB_StockCrossMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockCrossMember_doc" xml:lang="en-US">StockCross [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NFSMember" xlink:to="SIEB_NFSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NFSMember_doc" xml:lang="en-US">NFS [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOfPurchasedShares" xlink:to="SIEB_PercentageOfPurchasedShares_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PercentageOfPurchasedShares_doc" xml:lang="en-US">Percentage of shares purchased.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CurrentEffectiveIncomeTaxRateContinuingOperations" xlink:to="SIEB_CurrentEffectiveIncomeTaxRateContinuingOperations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CurrentEffectiveIncomeTaxRateContinuingOperations_doc" xml:lang="en-US">Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_EffectiveIncomeTaxRateReversalOfDeferredTaxAssetsValuationAllowance" xlink:to="SIEB_EffectiveIncomeTaxRateReversalOfDeferredTaxAssetsValuationAllowance_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_EffectiveIncomeTaxRateReversalOfDeferredTaxAssetsValuationAllowance_doc" xml:lang="en-US">Reversal of deferred tax assets valuation allowance.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_EffectiveIncomeTaxRateReconciliationNetOperatingLoss" xlink:to="SIEB_EffectiveIncomeTaxRateReconciliationNetOperatingLoss_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_EffectiveIncomeTaxRateReconciliationNetOperatingLoss_doc" xml:lang="en-US">Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to net operating losses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DeferredTaxLiabilitiesContributionCarryover" xlink:to="SIEB_DeferredTaxLiabilitiesContributionCarryover_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DeferredTaxLiabilitiesContributionCarryover_doc" xml:lang="en-US">Amount of deferred tax liability attributable to taxable temporary differences from contribution carryover.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PWCMember" xlink:to="SIEB_PWCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PWCMember_doc" xml:lang="en-US">PWC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScilentNetworksMember" xlink:to="SIEB_ScilentNetworksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScilentNetworksMember_doc" xml:lang="en-US">Scilent Networks [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivableFromLandlord" xlink:to="SIEB_ReceivableFromLandlord_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReceivableFromLandlord_doc" xml:lang="en-US">Receivable from landlord.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DeferredTaxLiability" xlink:to="SIEB_DeferredTaxLiability_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DeferredTaxLiability_doc" xml:lang="en-US">Amount of deferred tax liability attributable to taxable temporary differences.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfRevenueCategoriesAndRemainingPerformanceObligationsTableTextBlock" xlink:to="SIEB_ScheduleOfRevenueCategoriesAndRemainingPerformanceObligationsTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfRevenueCategoriesAndRemainingPerformanceObligationsTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of revenue categories and remaining performance obligations for each.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ExpenseForSelfInsuranceClaims" xlink:to="SIEB_ExpenseForSelfInsuranceClaims_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ExpenseForSelfInsuranceClaims_doc" xml:lang="en-US">Expense for self-insurance claims.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_HealthClaimReinsuranceLimitPerEmployee" xlink:to="SIEB_HealthClaimReinsuranceLimitPerEmployee_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_HealthClaimReinsuranceLimitPerEmployee_doc" xml:lang="en-US">Health claim reinsurance limit per employee.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NetCapitalInExcessOfMinimumRequirement" xlink:to="SIEB_NetCapitalInExcessOfMinimumRequirement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NetCapitalInExcessOfMinimumRequirement_doc" xml:lang="en-US">Net capital in excess of minimum requirement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_2_lbl" xml:lang="en-US">Liabilities [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_4_lbl" xml:lang="en-US">Stockholders' Equity Attributable to Parent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xml:lang="en-US">Liabilities and Equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpenses_2_lbl" xml:lang="en-US">Operating Expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_2_lbl" xml:lang="en-US">Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockOtherSharesOutstanding" xlink:to="us-gaap_CommonStockOtherSharesOutstanding_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockOtherSharesOutstanding_3_lbl" xml:lang="en-US">Common Stock, Other Shares, Outstanding</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets" xlink:to="SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets_3_lbl" xml:lang="en-US">ReductionInValuationAllowanceRelatedToDeferredTaxAssets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInBrokerageReceivables" xlink:to="us-gaap_IncreaseDecreaseInBrokerageReceivables_2_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDueFromRelatedParties" xlink:to="us-gaap_IncreaseDecreaseInDueFromRelatedParties_2_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_2_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_2_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue_3_lbl" xml:lang="en-US">TotalMarginInterestMarketingAndDistributionFeesRevenue</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueFromPrincipalTransactions_3_lbl" xml:lang="en-US">RevenueFromPrincipalTransactions</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueToCorrespondentNFS_3_lbl" xml:lang="en-US">DueToCorrespondentNFS</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentStockCross" xlink:to="SIEB_DueToCorrespondentStockCross_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueToCorrespondentStockCross_3_lbl" xml:lang="en-US">DueToCorrespondentStockCross</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_2_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:to="us-gaap_CurrentIncomeTaxExpenseBenefit_2_lbl" xlink:type="arc" />
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>10
<FILENAME>sieb-20181231_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6746696496">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information - USD ($)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Mar. 26, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DocumentAndEntityInformationAbstract', window );"><strong>Document And Entity Information</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Siebert Financial Corp<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000065596<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">10-K<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 31,  2018<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Is Entity a Well-known Seasoned Issuer?</a></td>
<td class="text">No<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Is Entity a Voluntary Filer?</a></td>
<td class="text">No<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Is Entity's Reporting Status Current?</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Non-accelerated Filer<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntitySmallBusiness', window );">Entity Small Business</a></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">27,157,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityPublicFloat', window );">Entity Public Float</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 67,418,000<span></span>
</td>
</tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DocumentAndEntityInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>xbrli:booleanItemType</td>
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<td>na</td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityPublicFloat">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityPublicFloat</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityShellCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if company meets the shell company criteria: a company with no or nominal operations, and with no or nominal assets or assets consisting solely of cash and cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityShellCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntitySmallBusiness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicates that the company is a smaller reporting company with both a public float and revenues of less than $75 million.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntitySmallBusiness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6750111296">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 7,229,000<span></span>
</td>
<td class="nump">$ 3,765,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Receivables from clearing and other brokers</a></td>
<td class="nump">2,030,000<span></span>
</td>
<td class="nump">1,396,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Receivable from related party</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">283,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivableFromLessors', window );">Receivable from lessors</a></td>
<td class="nump">171,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">96,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssets', window );">Prepaid expenses and other assets</a></td>
<td class="nump">470,000<span></span>
</td>
<td class="nump">234,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="nump">468,000<span></span>
</td>
<td class="nump">263,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Software, net</a></td>
<td class="nump">1,137,000<span></span>
</td>
<td class="nump">84,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent', window );">Deferred tax assets</a></td>
<td class="nump">5,576,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="nump">18,177,000<span></span>
</td>
<td class="nump">6,025,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent', window );">Accounts payable and accrued liabilities</a></td>
<td class="nump">699,000<span></span>
</td>
<td class="nump">561,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseIncentivePayableCurrentAndNoncurrent', window );">Lease incentive obligation</a></td>
<td class="nump">171,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent', window );">Due to clearing brokers and related parties</a></td>
<td class="nump">133,000<span></span>
</td>
<td class="nump">127,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TaxesPayableCurrent', window );">Income taxes payable</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">125,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">1,003,000<span></span>
</td>
<td class="nump">813,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, $.01 par value; 49,000,000 shares authorized, 27,157,188 shares issued and outstanding as of December 31, 2018 and December 31, 2017</a></td>
<td class="nump">271,000<span></span>
</td>
<td class="nump">271,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="nump">7,641,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings/(Accumulated deficit)</a></td>
<td class="nump">9,262,000<span></span>
</td>
<td class="num">(2,700,000)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Stockholders' equity</a></td>
<td class="nump">17,174,000<span></span>
</td>
<td class="nump">5,212,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Liabilities and Stockholders' equity</a></td>
<td class="nump">$ 18,177,000<span></span>
</td>
<td class="nump">$ 6,025,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReceivableFromLessors">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from lessor for fees and charges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivableFromLessors</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(1),(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),19)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting and classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31917-109318<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31931-109318<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of obligations due all related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(3),(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueToRelatedPartiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseIncentivePayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents an incentive or inducement contractually stipulated between parties to a lease whereby the lessor has committed to provide the entity (lessee) with a cash payment as inducement to enter the lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseIncentivePayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAbstract</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from parties in nontrade transactions, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherReceivables</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrepaidExpenseAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=82891408&amp;loc=d3e4428-111522<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=35710130&amp;loc=d3e41645-110958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
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<tr>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TaxesPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TaxesPayableCurrent</td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6903322272">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Stockholder's equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, authorized shares</a></td>
<td class="nump">49,000,000<span></span>
</td>
<td class="nump">49,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, issued shares</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="nump">27,157,188<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, outstanding shares</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="nump">27,157,188<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6747220688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF INCOME - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenue:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Margin interest, marketing and distribution fees</a></td>
<td class="nump">$ 10,928,000<span></span>
</td>
<td class="nump">$ 6,600,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Commissions and fees</a></td>
<td class="nump">9,504,000<span></span>
</td>
<td class="nump">4,801,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalTransactionsRevenue', window );">Principal transactions</a></td>
<td class="nump">9,020,000<span></span>
</td>
<td class="nump">1,639,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromAdvisoryFees', window );">Advisory fees</a></td>
<td class="nump">478,000<span></span>
</td>
<td class="nump">51,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest</a></td>
<td class="nump">106,000<span></span>
</td>
<td class="nump">19,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total Revenue</a></td>
<td class="nump">30,036,000<span></span>
</td>
<td class="nump">13,110,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LaborAndRelatedExpense', window );">Employee compensation and benefits</a></td>
<td class="nump">13,817,000<span></span>
</td>
<td class="nump">5,075,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FloorBrokerageExchangeAndClearanceFees', window );">Clearing fees, including execution costs</a></td>
<td class="nump">2,852,000<span></span>
</td>
<td class="nump">1,031,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfessionalFees', window );">Professional fees</a></td>
<td class="nump">1,963,000<span></span>
</td>
<td class="nump">2,135,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherGeneralAndAdministrativeExpense', window );">Other general and administrative</a></td>
<td class="nump">1,859,000<span></span>
</td>
<td class="nump">1,510,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommunicationsAndInformationTechnology', window );">Technology and communications</a></td>
<td class="nump">1,008,000<span></span>
</td>
<td class="nump">410,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OccupancyNet', window );">Rent and occupancy</a></td>
<td class="nump">988,000<span></span>
</td>
<td class="nump">437,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">144,000<span></span>
</td>
<td class="nump">115,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketingAndAdvertisingExpense', window );">Advertising and promotion</a></td>
<td class="nump">45,000<span></span>
</td>
<td class="nump">87,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total Expenses</a></td>
<td class="nump">22,676,000<span></span>
</td>
<td class="nump">10,800,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Income before (benefit) for (from) income taxes</a></td>
<td class="nump">7,360,000<span></span>
</td>
<td class="nump">2,310,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">(Benefit) provision (from) for income taxes</a></td>
<td class="num">(4,602,000)<span></span>
</td>
<td class="nump">153,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">$ 11,962,000<span></span>
</td>
<td class="nump">$ 2,157,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Net income per share of common stock Basic and diluted</a></td>
<td class="nump">$ 0.44<span></span>
</td>
<td class="nump">$ .10<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Weighted average shares outstanding Basic and diluted</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="nump">22,507,798<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromAdvisoryFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Advisory fees revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromAdvisoryFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from commissions and fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from margin interest, marketing and distribution fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromMarginInterestMarketingAndDistributionFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommunicationsAndInformationTechnology">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense in the period for communications and data processing expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommunicationsAndInformationTechnology</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAndDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements.  Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period.  Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109260490&amp;loc=d3e1337-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAndDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FloorBrokerageExchangeAndClearanceFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FloorBrokerageExchangeAndClearanceFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109238882&amp;loc=d3e38679-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendIncomeOperating">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-5)<br> -URI http://asc.fasb.org/extlink&amp;oid=114873765&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperating</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LaborAndRelatedExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(b)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LaborAndRelatedExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketingAndAdvertisingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total expense recognized in the period for promotion, public relations, and brand or product advertising.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketingAndAdvertisingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=114867106&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873765&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=114867106&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873790&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OccupancyNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.14(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873765&amp;loc=SL114874048-224260<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=84164817&amp;loc=d3e45280-112737<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OccupancyNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of general and administrative expense classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalTransactionsRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss) resulting from the difference between acquisition price and selling price or fair value of trading assets and trading liabilities, and from the firm's direct investment activity, conducted separately from customer trading activities, including, but not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 320<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42567-110969<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalTransactionsRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfessionalFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07.2(a),(b),(c),(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873854&amp;loc=SL114874292-224272<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (k)<br> -URI http://asc.fasb.org/extlink&amp;oid=114873831&amp;loc=SL114874205-224268<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfessionalFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6740747152">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)<br></strong></div></th>
<th class="th"><div>Number of Shares $.01 Par Value [Member]</div></th>
<th class="th"><div>Additional Paid-In Capital [Member]</div></th>
<th class="th"><div>Retained Earnings / (Accumulated Deficit) [Member]</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Beginning balance at Dec. 31, 2016</a></td>
<td class="nump">$ 221,000<span></span>
</td>
<td class="nump">$ 6,889,000<span></span>
</td>
<td class="num">$ (4,857,000)<span></span>
</td>
<td class="nump">$ 2,253,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockOtherSharesOutstanding', window );">Beginning balance, shares at Dec. 31, 2016</a></td>
<td class="nump">22,085,126<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueNewIssues', window );">Issuance of stock</a></td>
<td class="nump">$ 50,000<span></span>
</td>
<td class="nump">19,933,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">19,983,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Issuance of stock, shares</a></td>
<td class="nump">5,072,062<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2,157,000<span></span>
</td>
<td class="nump">2,157,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_CapitalContribution', window );">Capital Contribution</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">803,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">803,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalOther', window );">Distributions</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(19,984,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(19,984,000)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending balance at Dec. 31, 2017</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
<td class="num">(2,700,000)<span></span>
</td>
<td class="nump">5,212,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockOtherSharesOutstanding', window );">Ending balance, shares at Dec. 31, 2017</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">11,962,000<span></span>
</td>
<td class="nump">11,962,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending balance at Dec. 31, 2018</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">$ 7,641,000<span></span>
</td>
<td class="nump">$ 9,262,000<span></span>
</td>
<td class="nump">$ 17,174,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockOtherSharesOutstanding', window );">Ending balance, shares at Dec. 31, 2018</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_CapitalContribution">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Capital Contribution.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_CapitalContribution</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other increase (decrease) in additional paid in capital (APIC).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockOtherSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of shares of other common stock instruments held by shareholders, such as exchangeable shares. May be all or portion of the number of common shares authorized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockOtherSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=114867106&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873765&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=114867106&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873790&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of new stock issued during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesNewIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueNewIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6740788800">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">$ 11,962,000<span></span>
</td>
<td class="nump">$ 2,157,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income to net cash provided by operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets', window );">Reduction in valuation allowance related to deferred tax assets</a></td>
<td class="num">(5,576,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">144,000<span></span>
</td>
<td class="nump">115,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInBrokerageReceivables', window );">Receivables from clearing and other brokers</a></td>
<td class="num">(634,000)<span></span>
</td>
<td class="num">(790,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueFromRelatedParties', window );">Receivable from related party</a></td>
<td class="num">(717,000)<span></span>
</td>
<td class="num">(283,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInReceivables', window );">Receivable from lessors</a></td>
<td class="num">(171,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherReceivables', window );">Other receivables</a></td>
<td class="num">(96,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other assets</a></td>
<td class="num">(236,000)<span></span>
</td>
<td class="nump">108,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInSecuritiesBorrowed', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">92,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities', window );">Accounts payable and accrued liabilities</a></td>
<td class="nump">138,000<span></span>
</td>
<td class="num">(199,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_IncreaseDecreaseInLeaseIncentiveObligation', window );">Lease incentive obligation</a></td>
<td class="nump">171,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent', window );">Due to clearing brokers and related parties</a></td>
<td class="nump">6,000<span></span>
</td>
<td class="nump">127,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedTaxesPayable', window );">Income taxes payable</a></td>
<td class="num">(125,000)<span></span>
</td>
<td class="nump">125,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
<td class="nump">4,866,000<span></span>
</td>
<td class="nump">1,452,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash Flows From investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchase of furniture, equipment, and leasehold improvements</a></td>
<td class="num">(277,000)<span></span>
</td>
<td class="num">(417,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireSoftware', window );">Purchase of software</a></td>
<td class="num">(1,125,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(1,402,000)<span></span>
</td>
<td class="num">(417,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net increase in cash and cash equivalents</a></td>
<td class="nump">3,464,000<span></span>
</td>
<td class="nump">1,035,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - beginning of year</a></td>
<td class="nump">3,765,000<span></span>
</td>
<td class="nump">2,730,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - end of year</a></td>
<td class="nump">7,229,000<span></span>
</td>
<td class="nump">3,765,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental Cash Flow information</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Cash paid during the year for income taxes</a></td>
<td class="nump">1,177,000<span></span>
</td>
<td class="nump">33,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaidNet', window );">Cash paid during the year for interest</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">15,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncashInvestingAndFinancingItemsAbstract', window );"><strong>Non cash investing and financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyCosts', window );">Payment by related party of expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">803,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability', window );">Payment by related party of accrued settlement liability</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(825,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueAcquisitions', window );">Issuance of shares for StockCross acquisition</a></td>
<td class="text"> <span></span>
</td>
<td class="num">$ (19,984,000)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_IncreaseDecreaseInLeaseIncentiveObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in lease incentive obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_IncreaseDecreaseInLeaseIncentiveObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payment by related party of accrued settlement liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_PaymentByRelatedPartyOfAccruedSettlementLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reduction in valuation allowance related to deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReductionInValuationAllowanceRelatedToDeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period of all taxes owed but not paid, including income, property and other taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInBrokerageReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the total amount due to the entity related to activities and operations with other broker dealers, and clearing organizations, including deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInBrokerageReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in receivables to be collected from other entities that could exert significant influence over the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate increase (decrease) during the reporting period in the amount due from the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in receivables classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in prepaid expenses, and assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInSecuritiesBorrowed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the total amount due the entity arising from securities borrowed transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInSecuritiesBorrowed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3367-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3213-108585<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition from vendors of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued pursuant to acquisitions during the period.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6593975696">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2018</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock', window );">Organization</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">1. Organization</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail
          discount brokerage business through its wholly-owned subsidiary, Muriel Siebert &#38; Co., Inc. (&#8220;MSCO&#8221;), a Delaware corporation and registered broker-dealer, its investment advisory business through its wholly-owned subsidiary, Siebert
          AdvisorNXT, Inc. (&#8220;AdvisorNXT&#8221;), a New York corporation registered with the SEC as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, its insurance business through its wholly-owned subsidiary, Park Wilshire
          Companies, Inc. (&#8220;PWC&#8221;), a Texas corporation and licensed insurance agency, and KCA Technologies, LLC. (&#8220;KCAT&#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of this Form 10-K, the terms &#8220;Siebert,&#8221;
          &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Siebert Financial Corp., MSCO, AdvisorNXT, PWC, and KCAT collectively, unless the context otherwise requires.</font></div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif"> </font><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>

<div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has
          offices throughout the U.S. and clients around the world. The Company&#8217;s SEC filings are available through the Company&#8217;s website at www.siebertnet.com, where investors are able to obtain copies of the Company&#8217;s public filings free of charge. The
          Company&#8217;s Common Stock, par value $.01 per share, trades on the Nasdaq Capital Market under the symbol &#8220;SIEB.&#8221;</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company primarily operates in the securities brokerage and asset management industry and has no other reportable
          segments. All of the Company's revenues for the years ended December 31, 2018 and 2017 were derived from its operations in the U.S.</font></div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif"> </font><br />
      </div>
      <div style="text-align: justify">&#160;</div>

<div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Transactions completed during 2018</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Acquisition of KCAT</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">On August 21, 2018, the Company acquired all of the issued and outstanding membership interests of KCAT from Kennedy
          Cabot Acquisition LLC, (&#8220;KCA&#8221;), one of the Company&#8217;s affiliates through common ownership, for approximately $690,000. This transaction was accounted for as an asset acquisition. KCAT is a technology company initially tasked with developing a
          sophisticated Robo-Advisor for AdvisorNXT, the Company&#8217;s RIA. The Robo-Advisor provides clients with an automated wealth management solution intended to maximize portfolio returns based on the client&#8217;s specific risk tolerance.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Acquisition of PWC</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">In March 2018, the Company acquired all of the issued and outstanding shares of PWC from three related parties for
          approximately $110,000 (equal to the amount of cash held in PWC&#8217;s bank accounts at the time). The Board of Directors reviewed the transaction and concluded that, given the amount of the purchase price, the fact that the purchase price equaled the
          cash on hand in PWC&#8217;s bank accounts, and that PWC had no liabilities, the acquisition was not material and did not require a third party valuation.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The sellers agreed to indemnify the Company from all liability attendant to the prior business activities of PWC. David
          J. Gebbia agreed to continue as the unpaid CEO of PWC.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Transactions completed in prior to 2018</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Acquisition of StockCross Retail Assets</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company entered into an agreement to acquire most of the retail broker-dealer business of StockCross Financial
          Services (&#8220;StockCross&#8221;), an affiliate of the Company, in exchange for 5,072,062 shares of the Company&#8217;s restricted Common Stock, subject to a two-year lock-up, valued at $19,984,000. Approximately $125,000 of legal and appraisal fees were
          incurred in the consummation of the transaction. In addition, the Company acquired various rent obligations, transferred employees and customer lists.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">As StockCross was determined to be an entity under common control, the assets and liabilities transferred to the Company
          from StockCross were recorded at historical cost in accordance with ASC 805-50, Business Combinations - Related Issues. The difference between the consideration paid and historical cost of the net assets acquired was recorded as an equity
          distribution by the Company. ASC 805-50 transactions between entities under common control stipulates a common control transaction as a transfer of net assets or an exchange of equity interests between entities under common control. Since the
          assets acquired from StockCross had a book value of nil, the fair market value of assets acquired, approximately $19,984,000, was reflected as nil for financial statement purposes as of the date of transfer as required by ASC 805-50.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Additionally, as the transfer of net assets and related operations did not change the composition of MSCO as a reporting
          entity, retrospective combination of the entities for all periods presented as if the combination has been in effect since the inception of common control is not required. Accordingly, the net assets transferred and related operations are
          presented prospectively as of the effective date of November 30, 2017.</font></div></div></div><span></span>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6629023776">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2018</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">Summary of Significant Accounting Policies</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">2. Summary of Significant Accounting Policies</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Basis of Presentation</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The accompanying consolidated financial statements are prepared on the accrual basis of accounting in conformity with
          accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) as established by the Financial Accounting Standards Board (&#8220;FASB&#8221;) to ensure consistent reporting of financial condition. The consolidated financial
          statements include the accounts of Siebert and its wholly-owned subsidiaries and upon consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Use of Estimates</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and
          assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
          Actual results could differ from those estimates.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company makes significant estimates that affect the reported amounts of assets, liabilities, revenue, and expenses.
          The estimates relate primarily to revenue and expenses in the normal course of business as to which the Company receives no confirmations, invoices, or other documentation at the time the books are closed. The Company uses its best judgment,
          based on knowledge of these revenue transactions and expenses incurred, to estimate the amount of such revenue and expenses. The Company is not aware of any material differences between the estimates used in closing the Company&#8217;s books for the
          last five years and the actual amounts of revenue and expenses incurred when the Company subsequently receives the actual confirmations, invoices, or other documentation. Estimates are used in intangible asset valuations and useful lives,
          depreciation, income taxes, and the contingent liabilities related to legal and healthcare expenses. The Company also estimates the valuation allowance relating to its deferred tax assets based on the more likely than not criteria. The Company
          believes that its estimates are reasonable.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Reclassifications<font style="font: 10pt Times New Roman, Times, serif"><br />
          </font></font><br />
      </div>
      <div style="text-align: left; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Certain prior period amounts have been reclassified to conform to the current year&#8217;s presentation. These reclassifications
          have no effect on previously reported net income.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Cash and Cash Equivalents</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Cash and cash equivalents are all cash balances that are unrestricted. The Company has defined cash equivalents as
          highly liquid investments, with original maturities of less than 90 days that are not held for sale in the ordinary course of business. As of the years ended December 31, 2018 and 2017, the Company did not hold any cash equivalents.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Receivables from Clearing and Other Brokers</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Retail customer
      transactions are cleared, on a fully disclosed basis, through two clearing brokers, StockCross and NFS,           the former
      of which is an affiliate. The Company operates on a month to month basis with both clearing brokers and they offset their
      fees against the Company's revenues on a monthly basis. Receivables from clearing and other brokers include amounts
      receivable as well as cash on deposit. As of the years ended December 31, 2018 and 2017, cash clearing deposits with
      StockCross and NFS were $75,000 and $50,000, respectively.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was
          considered uncollectable as of the years ended December 31, 2018 and 2017. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from receivables from clearing and
          other brokers and does not anticipate losses in the future.</font></div>

      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Furniture, Equipment and Leasehold Improvements</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Furniture, equipment and leasehold improvements are stated at cost, net of accumulated depreciation and amortization.
          Depreciation is calculated using the straight-line method over the lives of the assets, generally not exceeding four years. Leasehold improvements are amortized over the shorter of the useful life or remaining lease term unless the lease
          transfers ownership of the underlying asset to the lessee or lessee is reasonably certain to exercise an option to purchase the underlying asset, in which case the lessee will amortize over the useful life of the leasehold improvements.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Software</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company capitalizes certain costs for software such as the Robo-Advisor, software license arrangements with a
          contract term of greater than 1 year, as well as other software, and amortizes the assets over the estimated useful life of the software or contract term, generally not exceeding 3 years. The Company accounts for software license arrangements
          with a contract term of 1 year as prepaid assets and amortizes them over the contract term. Other software costs such as routine maintenance and various data services to provide market information to customers are expensed as incurred.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Amortization of Intangible Assets</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company has a finite-lived intangible asset in the Robo-Advisor acquired from KCAT. Intangible assets with finite
          lives are amortized on a straight-line basis over their estimated useful lives. The Company acquired the Robo-Advisor from KCAT in August 2018. The Robo-Advisor has an estimated useful life of 3 years and the Company will start to amortize it in
          2019.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Advertising Costs</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Advertising costs are expensed as incurred and totaled $45,000 and $87,000 for the years ended December 31, 2018 and
          2017, respectively.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Revenue Recognition and Other Income</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">On January 1, 2018, the Company adopted the new revenue recognition standard ASC 606, Revenue from Contracts with
          Customers, on the modified retrospective method (i.e., cumulative method). The Company has elected the modified retrospective method which did not result in a cumulative-effect adjustment at the date of adoption. The implementation of this new
          standard had no material impact on the Company's consolidated financial statements for the years ended December 31, 2018 and 2017.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Revenue from
      contracts with customers includes commissions  and fees, principal transactions and advisory fees. The recognition and
      measurement       of revenue is based on the assessment of individual contract terms. Significant judgment is required to
      determine whether       performance obligations are satisfied at a point in time or over time; how to allocate transaction
      prices where             multiple performance obligations are identified; when to recognize revenue based on the appropriate
      measure of the       Company&#8217;s progress under the contract; and whether constraints on variable consideration should be
      applied due to       uncertain future           events.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">The primary sources of revenue for the Company are as follows:</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Margin Interest, Marketing and Distribution fees</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Margin interest, marketing and distribution fees consists of two components: margin interest and 12b1 fees. Margin
          interest is the net interest charged to customers for holding financed margin positions, and 12b1 fees are fees paid to the Company related to trailing payments from mutual funds as a result of prior sales of mutual funds to customers. Margin
          interest, marketing and distribution fees are recorded as earned.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Principal Transactions</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Principal transactions primarily represent riskless transactions in which the Company, after executing a solicited
          order, buys or sells securities as principal and at the same time buys or sells the securities with a markup or markdown to satisfy the order. Principal transactions are recognized at a point in time on the trade date when the performance
          obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been
          transferred to/from the customer.</font></div>

      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Commissions and Fees</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company earns commission revenue for executing trades for clients in individual equities, options, insurance
          products, futures, fixed income securities, as well as certain third party mutual funds and ETFs. Commission revenue associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, is
          recognized at a point in time on the trade date when the performance obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the
          pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer.</font></div>
      <div><br />
      </div>
      <div></div>
      <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Advisory Fees</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company earns advisory fees associated with managing client assets. The performance obligation related to its
          revenue stream is satisfied over time; however, the advisory fees are variable as they are charged as a percentage of the client&#8217;s total asset value, which is determined at the end of the quarter.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">The following table presents the major revenue categories and when each category is recognized:</font></div>
      <div><br />
      </div>
      <table cellspacing="0" cellpadding="0" id="zaec504e7f4fb4fab94c7a992a3a90470" style="font: 10pt Times New Roman, Times, serif; width: 100%">

          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="6" style="vertical-align: bottom; vertical-align: top">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">Year Ended December 31,</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%">
              <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue Category</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">2018</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">2017</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; font: 10pt &quot; text-align: center"> <font style="font-weight: bold">Timing of Recognition </font></td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Trading Execution and Clearing Services</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;Commissions and fees</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">9,504,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">4,801,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Recorded as earned</font></div>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">&#160;&#160;&#160;&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Other Income</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">&#160;&#160;&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;Margin interest</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">3,726,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Recorded as earned</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;12b1 fees</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">3,265,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">2,874,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Recorded as earned</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;Total Margin interest, marketing and distribution fees</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">10,928,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">6,600,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px">&#160;&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Revenue</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">30,036,000</font></div>
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              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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              <div><font style="font: bold 10pt Times New Roman, Times, serif">13,110,000</font></div>
            </td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>

      </table>
      <div><br />
      </div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">The following table presents each revenue category and its related performance obligation:</font></div>
      <div><br />
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="ze38102e02c4b4de6af82983c4200bd37" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse">

          <tr>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue Stream</font></div>
            </td>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Performance Obligation</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Principal transactions, Commissions and fees, Advisory fees and additional income</font></div>
            </td>
            <td style="width: 50%; vertical-align: top; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Provide security trading services to customer and act as agent</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Margin interest, marketing and distribution fees</font></div>
            </td>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">n/a</font></div>
            </td>
          </tr>

      </table>

      <div></div>
      <div></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Disaggregation of Revenue</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the legacy Siebert
          customer base vs. the accounts acquired from the StockCross Retail Assets:</font></div>
      <div style="text-align: left; font: 10pt &quot"> <br />
      </div>
      <table cellspacing="0" cellpadding="0" id="zc4fd0053dac345afb5511ba032f9d7c5" style="font: 10pt Times New Roman, Times, serif; width: 100%">

          <tr>
            <td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
            <td colspan="6" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255)">
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Commissions and fees &#8211; StockCross Retail Assets</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">274,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;Total Revenue from Commissions and fees</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">9,504,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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              <div><font style="font: 10pt Times New Roman, Times, serif">4,801,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees &#8211; StockCross Retail Assets</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">191,000</font></div>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
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              <div><font style="font: bold 10pt Times New Roman, Times, serif">30,036,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
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              <div><font style="font: bold 10pt Times New Roman, Times, serif">13,110,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Income Taxes</font></div>
      <div><br />
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The results of operations are included in the consolidated federal income tax return of the Company as well as the
          consolidated or standalone state and local income tax returns of the Company and/or its subsidiaries. The amount of current and deferred taxes payable or refundable is recognized as of the date of the financial statements, utilizing currently
          enacted tax laws and rates. Deferred tax expenses or benefits are recognized in the financial statements for the changes in deferred tax liabilities or assets between years.</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company records accruals for uncertain tax positions when the Company believes that it is not more likely than not
          that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The Company makes adjustments to these accruals when facts and circumstances change, such as the closing of a tax
          audit or the refinement of an estimate. The Company had no uncertain tax positions as of December 31, 2018 and 2017.</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company recognizes deferred tax assets to the extent that the Company believes these assets are more likely than not
          to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversal of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and
          results of recent operations. To the extent the Company determines that realization of deferred tax assets is not "more likely than not," the Company establishes a valuation allowance. As a result, the amount of the deferred tax assets considered
          realizable could be reduced in the near term if estimates of future taxable income are reduced. Such an occurrence could materially impact the Company&#8217;s results of operations and financial condition.</font></div>
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Evaluation of Subsequent Events</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company has evaluated events that have occurred subsequent to December 31, 2018 and through March 26, 2019, the date
          of the filing of this report. As previously disclosed in a Current Report on Form 8-K on January 18, 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. The number of shares purchased by the Company was 922,875 at a
          per share price of approximately $3.97.</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">There have been no additional material subsequent events that occurred during such period that would require disclosure
          in this report or would be required to be recognized in the financial statements as of December 31, 2018.</font></div>

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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Capital Stock</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The authorized capital stock of the Company consists of a single class of common stock.</font></div>
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Per Share Data</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average outstanding common
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Recently Issued Accounting Pronouncements</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif"><font style="font: italic 10pt Times New Roman, Times, serif">ASU 2016-02</font> &#8211; In
          February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard
          establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with
          classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company expects to adopt the new standard
          on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the beginning
          of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application. Consequently,
          financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The Company expects to recognize a material asset and a corresponding liability with
          no material impact to operating results.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Recently Adopted Accounting Pronouncements</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif"><font style="font: italic 10pt Times New Roman, Times, serif">ASU 2014-09</font> &#8211; In
          May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common
          revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). In March 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue
          Gross versus Net)." ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations
          and Licensing." ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. These ASUs are effective for
          public entities for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.
          The Company adopted this guidance starting the first quarter of 2018. Entities have the choice to apply these ASUs either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying these standards at
          the date of initial application and not adjusting comparative information. The Company has adopted ASC 606 using the modified retrospective method (i.e., cumulative effect method).</font></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all significant accounting policies of the reporting entity.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Receivables from and Payable to Brokers, Dealers, and Clearing Organizations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">3. Receivables from and Payable to Brokers, Dealers, and Clearing Organizations</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the
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            <td colspan="2" style="vertical-align: bottom; vertical-align: middle">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Receivables from clearing and other brokers</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;NFS</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,396,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">310,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Other receivables</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">31,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Citibank</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">25,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Receivables from clearing and other brokers</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">2,030,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">1,396,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Receivable from related party</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,000,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">283,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Receivable from related party</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">1,000,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">283,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Due to clearing brokers and related parties</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;NFS</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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              <div><font style="font: 10pt Times New Roman, Times, serif">58,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for Due to and from Broker-Dealers and Clearing Organizations, including data and tables. This may include amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6629023776">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Furniture, Equipment and Leasehold Improvements, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2018</div></th></tr>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Less accumulated depreciation and amortization</font></div>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -URI http://asc.fasb.org/topic&amp;trid=2155823<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6635295200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Software, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsDisclosureTextBlock', window );">Software, Net</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">5. Software, Net</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company generally recognizes software initially at cost and amortize over the estimated useful life of 3 years. In
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all or part of the information related to intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -URI http://asc.fasb.org/topic&amp;trid=2144416<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6629832784">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;State and local</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
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              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
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      <div><br />
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Effective Income Tax Rate Reconciliation</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">A reconciliation of the U.S. federal statutory income tax rate to the effective tax rate applicable to income before
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            <td style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%">
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            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%</font></div>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;Tax amortization of intangible assets</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">(1.6</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;Other temporary differences</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">(1.3</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">(12.1</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;Net operating loss</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">(2.6</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">(13.2</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;Increase due to state and local taxes, net of U.S.</font></div>
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;federal income tax effects</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.6</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">%</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Total Current effective income tax rate</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">%</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">%</font></div>
            </td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Reversal of deferred tax assets valuation allowance</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
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            </td>
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              <div><font style="font: bold 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
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      <div><br />
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Tax Cuts and Jobs Act</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">In regard to the effect of the Tax Cuts and Jobs Act, which lowered U.S. federal corporate income tax rates from 34% to
          21%, the Company determined that the primary impact was a reduction in income tax expense in 2018 as well the projected income tax expense subsequent years. The statutory federal income tax rate in effect of 21% as of January 1, 2018 was utilized
          to calculate the income tax provision and the deferred tax assets as of December 31, 2018. As such, the change in federal income tax rates affected the valuation of the gross deferred tax assets.</font></div>
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      <div><br />
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company&#8217;s pre-tax federal and state and local NOLs for tax purposes as of December 31, 2018 were approximately $16.1
          million and $27.1 million, respectively, which expire by 2036. The federal NOL carryforwards have been reduced by the impact of annual limitations of approximately $895,000 per year as described in the Internal Revenue Code Section 382 that arose
          as a result of an ownership change. Deferred tax assets are reported net of NOLs that have expired or are not expected to be utilized in the future.</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is subject to federal, state, and local tax examinations for a period typically between three and four
          years. The Company is currently under tax examination by the State of New York for tax years 2012 through 2014. As of December 31, 2018, the State of New York has not proposed any adjustment to the Company&#8217;s tax position. Except for the
          examination described above, the Company is not under any other tax examinations.</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company applied the &#8220;more-likely-than not&#8221; recognition threshold to all tax positions taken or expected to be taken
          in a tax return which resulted in no unrecognized tax benefits reflected in the financial statements as of December 31, 2018. The Company classifies interest and penalties that would accrue according to the provisions of relevant tax law as
          income taxes.</font></div>
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Deferred Tax Assets</font></div>
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            deferred tax assets and the need for a valuation allowance requires the Company to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax assets will be
            realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a
            conclusion that a valuation allowance is not needed.</font></font></div>
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      <div style="text-align: justify; text-indent: 18pt"><font style="font: 10pt Times New Roman, Times, serif"><font style="font: 10pt Times New Roman, Times, serif">The Company&#8217;s framework for assessing the
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<div style="text-align: justify; text-indent: 18pt">&#160;</div>
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            </tr>

        </table>
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      <div>
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              </td>
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            </tr>

        </table>
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            <tr>
              <td style="width: 36pt; vertical-align: top">
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        </table>
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            <tr>
              <td style="width: 36pt; vertical-align: top">
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        </table>
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      <div><br />
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      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">In assessing projected future taxable income, the Company considers all evidence, including:</font></div>
      <div><br />
      </div>
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            <tr>
              <td style="width: 36pt; vertical-align: top">
                <div style="text-align: left; margin-left: 18pt"><font style="font: 10pt Symbol, serif">&#8226;</font></div>
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        </table>
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            <tr>
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            </tr>

        </table>
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            <tr>
              <td style="width: 36pt; vertical-align: top">
                <div style="text-align: left; margin-left: 18pt"><font style="font: 10pt Symbol, serif">&#8226;</font></div>
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            <tr>
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              </td>
            </tr>

        </table>
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      <div>
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            <tr>
              <td style="width: 36pt; vertical-align: top">
                <div style="text-align: left; margin-left: 18pt"><font style="font: 10pt Symbol, serif">&#8226;</font></div>
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              </td>
            </tr>

        </table>
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      <div><br />
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            <td style="vertical-align: bottom; vertical-align: middle">&#160;</td>
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          <tr>
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          <tr>
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
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              <div><font style="font: 10pt Times New Roman, Times, serif">5,811,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">(193,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">(79,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Contribution carryover</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#160;</td>
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            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -URI http://asc.fasb.org/topic&amp;trid=2144680<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6640951072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Requirements<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2018</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryCapitalRequirementsAbstract', window );"><strong>Regulatory Capital Requirements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BrokersAndDealersDisclosureTextBlock', window );">Capital Requirements</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">7. Capital Requirements</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">MSCO is subject to the SEC&#8217;s Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net
          capital. MSCO has elected to use the alternative method permitted by the rule which requires that MSCO maintain minimum net capital, as defined, equal to the greater of $250,000, or 2% of aggregate debit balances arising from customer
          transactions, as defined. The net capital rule also provides that equity capital may not be withdrawn or cash dividends paid if resulting net capital would be less than 5% of aggregate debits. As of December 31, 2018, MSCO had net capital of
          approximately $8.9 million, which was $8.7 million in excess of required net capital of $250,000. As of December 31, 2017, MSCO had net capital of approximately $4.4 million, which was $4.2 million in excess of required net capital of $250,000.</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">MSCO claims exemption from the reserve requirements under the SEC&#8217;s Rule 15c 3-3 pursuant to paragraph (k)(2)(ii) as it
          clears its customer transactions through one unaffiliated and one affiliated clearing firm on a fully disclosed basis.</font></div>
      <div><br />
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Our cash and cash equivalents are unrestricted and are used to fund our working capital needs. The Company&#8217;s total
          assets as of December 31, 2018 were approximately $18.2 million, of which $7.2 million, or approximately 40%, is highly liquid. The Company&#8217;s total assets as of December 31, 2017 were approximately $6.0 million, of which $3.8 million, or
          approximately 62%, is highly liquid.</font></div></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for financial services, specifically for brokers and dealers, for the accounting period and at the balance sheet date. Disclosure may include amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records. May also include disclosure on company's consolidation policy and a note indicating the amount of the broker-dealer's actual net capital and the amount of required net capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -URI http://asc.fasb.org/topic&amp;trid=2176223<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6628772192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2018</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsDisclosureTextBlock', window );">Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">8. Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Retail customer transactions are cleared, on a fully disclosed basis, through two clearing brokers, one of which is an
          affiliate. In the event that customers are unable to fulfill their contractual obligations, the clearing broker may charge the Company for any loss incurred in connection with the purchase or sale of securities at prevailing market prices to
          satisfy customers' obligations. The Company regularly monitors the activity in its customer accounts for compliance with its margin requirements. Securities transactions entered into as of December 31, 2018 have settled subsequent thereto with no
          material adverse effect on the Company's financial statements.</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Credit risk represents the potential loss that would occur if counterparties fail to perform pursuant to the terms of
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</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6629241920">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments, Contingencies and Other<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2018</div></th></tr>
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments, Contingencies and Other</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">9. Commitments, Contingencies and Other</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Lease Commitments</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company rents office space under operating leases expiring in 2019 through 2024. The leases call for base rent plus
          escalations as well as property taxes and other operating expenses.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Future annual minimum base rental payments under these operating leases are as follows as of December 31, 2018:</font></div>
      <div><br />
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      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z1fb0dbd4bd414495920bbdb79f7850bf" style="width: 40%; font: 10pt Times New Roman, Times, serif">

          <tr>
            <td style="vertical-align: bottom; vertical-align: bottom; width: 76%">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Year</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: bottom">
              <div style="text-align: right"><font style="font: bold 10pt Times New Roman, Times, serif">Amount</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;2019</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%">
              <div><font style="font: 10pt Times New Roman, Times, serif">686,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;2020</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">651,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;2021</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%">
              <div><font style="font: 10pt Times New Roman, Times, serif">628,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;2022</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">489,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
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            <td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;2023 and thereafter</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">507,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
          </tr>
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              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">2,961,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Rent and related operating expenses amounted to $988,000 and $437,000 for the years ended December&#160;31, 2018 and 2017,
          respectively.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">As part of the Company&#8217;s renovation of its office in Jersey City, as of December 31, 2018, the Company has a receivable
          from the landlord of $171,000 for tenant improvements that will be reimbursed to the Company upon the completion of the renovation. In line with the guidance under ASC 840, the Company has a tenant improvement asset and corresponding lease
          incentive liability recorded for this lease. The lease incentive liability will be amortized into income ratably over the life of the lease.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Legal and Regulatory Matters</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion
          of the Company, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">General Contingencies</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion
          of the Company&#8217;s management, all such matters are without merit, or involve amounts which would not have a significant effect on the financial statements of the Company.</font></div>

<div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif"> </font><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">In the normal course of its business, the Company indemnifies and guarantees certain service providers against specified
          potential losses in connection with their acting as an agent of, or providing services to, the Company. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated.
          However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company provides representations and warranties to counterparties in connection with a variety of commercial
          transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event
          additional taxes are owed or payments are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The
          maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these
          arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company is self-insured with respect to employee health claims. The Company maintains stop-loss insurance for
          certain risks and has a health claim reinsurance limit capped at approximately $50,000 per employee. The estimated liability for self-insurance claims is initially recorded in the year in which the event of loss occurs, and may be subsequently
          adjusted based upon new information and cost estimates. Reserves for losses represent estimates of reported losses and estimates of incurred but not reported losses based on past and current experience. Actual claims paid and settled may differ,
          perhaps significantly, from the provision for losses. This adds uncertainty to the estimated reserves for losses. Accordingly, it is at least possible that the ultimate settlement of losses may vary significantly from the amounts included in the
          financial statements.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">As part of this plan, the Company recognized expenses totaling $935,000 and $546,000 for the years ended December 31,
          2018 and 2017, respectively. The Company had an accrual of $50,000 and $28,000 as of the years ended December 31, 2018 and 2017, respectively, which represents the historical estimate of future claims to be recognized for claims incurred prior to
          December 31, 2018 and 2017, respectively.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company believes that its present insurance coverage and reserves are sufficient to cover currently estimated
          exposures, but there can be no assurance that the Company will not incur liabilities in excess of recorded reserves or in excess of its insurance limits.</font></div></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -URI http://asc.fasb.org/topic&amp;trid=2127136<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -URI http://asc.fasb.org/topic&amp;trid=2144648<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6628680672">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Benefit Plans<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
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<td class="text">&#160;<span></span>
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      <div style="text-align: left"><font style="font: bold 10pt Times New Roman, Times, serif">10. Employee Benefit Plans</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company sponsors a defined-contribution retirement plan under Section&#160;401(k) of the Internal Revenue Code that
          covers substantially all employees. Participant contributions to the plan are voluntary and are subject to certain limitations. The Company may also make discretionary contributions to the plan. No contributions were made by the Company in 2018
          or 2017.</font></div></div></div><span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -URI http://asc.fasb.org/topic&amp;trid=2228938<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 712<br> -URI http://asc.fasb.org/topic&amp;trid=2197446<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 710<br> -URI http://asc.fasb.org/topic&amp;trid=2127225<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -URI http://asc.fasb.org/topic&amp;trid=2235017<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Disclosures<br></strong></div></th>
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      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">StockCross</font></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -URI http://asc.fasb.org/topic&amp;trid=2122745<br></p></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">4,953,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255)">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Net income (loss)</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,693,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,799,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">3,119,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">5,351,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">58,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">365,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,001,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">733,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 20%">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Continuing operations</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.06</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.07</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.11</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.20</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.00</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.02</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.05</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.03</font></div>
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          <tr>
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              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Discontinued operations</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6750144400">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2018</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock', window );">Basis of Presentation</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Basis of Presentation</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The accompanying consolidated financial statements are prepared on the accrual basis of accounting in conformity with
          accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) as established by the Financial Accounting Standards Board (&#8220;FASB&#8221;) to ensure consistent reporting of financial condition. The consolidated financial
          statements include the accounts of Siebert and its wholly-owned subsidiaries and upon consolidation, all intercompany balances and transactions are eliminated. The U.S. dollar is the functional currency of the Company.</font></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Use of Estimates</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Use of Estimates</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and
          assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
          Actual results could differ from those estimates.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company makes significant estimates that affect the reported amounts of assets, liabilities, revenue, and expenses.
          The estimates relate primarily to revenue and expenses in the normal course of business as to which the Company receives no confirmations, invoices, or other documentation at the time the books are closed. The Company uses its best judgment,
          based on knowledge of these revenue transactions and expenses incurred, to estimate the amount of such revenue and expenses. The Company is not aware of any material differences between the estimates used in closing the Company&#8217;s books for the
          last five years and the actual amounts of revenue and expenses incurred when the Company subsequently receives the actual confirmations, invoices, or other documentation. Estimates are used in intangible asset valuations and useful lives,
          depreciation, income taxes, and the contingent liabilities related to legal and healthcare expenses. The Company also estimates the valuation allowance relating to its deferred tax assets based on the more likely than not criteria. The Company
          believes that its estimates are reasonable.</font></div></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Reclassifications', window );">Reclassifications</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Reclassifications<font style="font: 10pt Times New Roman, Times, serif"><br />
          </font></font><br />
      </div>
      <div style="text-align: left; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Certain prior period amounts have been reclassified to conform to the current year&#8217;s presentation. These reclassifications
          have no effect on previously reported net income.</font></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock', window );">Cash and Cash Equivalents</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Cash and Cash Equivalents</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Cash and cash equivalents are all cash balances that are unrestricted. The Company has defined cash equivalents as
          highly liquid investments, with original maturities of less than 90 days that are not held for sale in the ordinary course of business. As of the years ended December 31, 2018 and 2017, the Company did not hold any cash equivalents.</font></div></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IndustrySpecificPoliciesBrokerDealerTextBlock', window );">Receivables from Clearing and Other Brokers</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Receivables from Clearing and Other Brokers</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Retail customer
      transactions are cleared, on a fully disclosed basis, through two clearing brokers, StockCross and NFS,           the former
      of which is an affiliate. The Company operates on a month to month basis with both clearing brokers and they offset their
      fees against the Company's revenues on a monthly basis. Receivables from clearing and other brokers include amounts
      receivable as well as cash on deposit. As of the years ended December 31, 2018 and 2017, cash clearing deposits with
      StockCross and NFS were $75,000 and $50,000, respectively.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was
          considered uncollectable as of the years ended December 31, 2018 and 2017. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from receivables from clearing and
          other brokers and does not anticipate losses in the future.</font></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock', window );">Furniture, Equipment and Leasehold Improvements</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Furniture, Equipment and Leasehold Improvements</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Furniture, equipment and leasehold improvements are stated at cost, net of accumulated depreciation and amortization.
          Depreciation is calculated using the straight-line method over the lives of the assets, generally not exceeding four years. Leasehold improvements are amortized over the shorter of the useful life or remaining lease term unless the lease
          transfers ownership of the underlying asset to the lessee or lessee is reasonably certain to exercise an option to purchase the underlying asset, in which case the lessee will amortize over the useful life of the leasehold improvements.</font></div></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock', window );">Software</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Software</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company capitalizes certain costs for software such as the Robo-Advisor, software license arrangements with a
          contract term of greater than 1 year, as well as other software, and amortizes the assets over the estimated useful life of the software or contract term, generally not exceeding 3 years. The Company accounts for software license arrangements
          with a contract term of 1 year as prepaid assets and amortizes them over the contract term. Other software costs such as routine maintenance and various data services to provide market information to customers are expensed as incurred.</font></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock', window );">Amortization of Intangible Assets</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Amortization of Intangible Assets</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company has a finite-lived intangible asset in the Robo-Advisor acquired from KCAT. Intangible assets with finite
          lives are amortized on a straight-line basis over their estimated useful lives. The Company acquired the Robo-Advisor from KCAT in August 2018. The Robo-Advisor has an estimated useful life of 3 years and the Company will start to amortize it in
          2019.</font></div></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdvertisingCostsPolicyTextBlock', window );">Advertising Costs</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Advertising Costs</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Advertising costs are expensed as incurred and totaled $45,000 and $87,000 for the years ended December 31, 2018 and
          2017, respectively.</font></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromContractWithCustomerPolicyTextBlock', window );">Revenue Recognition and Other Income</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Revenue Recognition and Other Income</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">On January 1, 2018, the Company adopted the new revenue recognition standard ASC 606, Revenue from Contracts with
          Customers, on the modified retrospective method (i.e., cumulative method). The Company has elected the modified retrospective method which did not result in a cumulative-effect adjustment at the date of adoption. The implementation of this new
          standard had no material impact on the Company's consolidated financial statements for the years ended December 31, 2018 and 2017.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Revenue from
      contracts with customers includes commissions  and fees, principal transactions and advisory fees. The recognition and
          measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where
          multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company&#8217;s progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future
          events.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">The primary sources of revenue for the Company are as follows:</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Margin Interest, Marketing and Distribution fees</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Margin interest, marketing and distribution fees consists of two components: margin interest and 12b1 fees. Margin
          interest is the net interest charged to customers for holding financed margin positions, and 12b1 fees are fees paid to the Company related to trailing payments from mutual funds as a result of prior sales of mutual funds to customers. Margin
          interest, marketing and distribution fees are recorded as earned.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Principal Transactions</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Principal transactions primarily represent riskless transactions in which the Company, after executing a solicited
          order, buys or sells securities as principal and at the same time buys or sells the securities with a markup or markdown to satisfy the order. Principal transactions are recognized at a point in time on the trade date when the performance
          obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been
          transferred to/from the customer.</font></div>

      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Commissions and Fees</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company earns commission revenue for executing trades for clients in individual equities, options, insurance
          products, futures, fixed income securities, as well as certain third party mutual funds and ETFs. Commission revenue associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, is
          recognized at a point in time on the trade date when the performance obligation is satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the
          pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer.</font></div>
      <div><br />
      </div>
      <div></div>
      <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Advisory Fees</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company earns advisory fees associated with managing client assets. The performance obligation related to its
          revenue stream is satisfied over time; however, the advisory fees are variable as they are charged as a percentage of the client&#8217;s total asset value, which is determined at the end of the quarter.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">The following table presents the major revenue categories and when each category is recognized:</font></div>
      <div><br />
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            <td style="vertical-align: bottom; vertical-align: top; width: 21%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top">
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            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">2017</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; font: 10pt &quot; text-align: center"> <font style="font-weight: bold">Timing of Recognition </font></td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Trading Execution and Clearing Services</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;Commissions and fees</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">9,504,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">4,801,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">9,020,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Recorded on trade date</font></div>
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">584,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">70,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Recorded as earned</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">&#160;&#160;&#160;&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Other Income</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;Margin interest</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">7,663,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">3,726,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Recorded as earned</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;12b1 fees</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">3,265,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">2,874,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Recorded as earned</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;Total Margin interest, marketing and distribution fees</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">10,928,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">6,600,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px">&#160;&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Revenue</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">30,036,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">13,110,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>

      </table>
      <div><br />
      </div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">The following table presents each revenue category and its related performance obligation:</font></div>
      <div><br />
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="ze38102e02c4b4de6af82983c4200bd37" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse">

          <tr>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue Stream</font></div>
            </td>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Performance Obligation</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Principal transactions, Commissions and fees, Advisory fees and additional income</font></div>
            </td>
            <td style="width: 50%; vertical-align: top; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Provide security trading services to customer and act as agent</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Margin interest, marketing and distribution fees</font></div>
            </td>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">n/a</font></div>
            </td>
          </tr>

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      <div></div>
      <div></div>
      <div><br />
      </div>
      <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Disaggregation of Revenue</font></div>
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          <tr>
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          <tr>
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            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Principal transactions &#8211; StockCross Retail Assets</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">1,149,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Total Revenue from Principal transactions</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">9,020,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,639,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Commissions and fees &#8211; Legacy Siebert</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">4,527,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Commissions and fees &#8211; StockCross Retail Assets</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">1,712,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">274,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;Total Revenue from Commissions and fees</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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              <div><font style="font: 10pt Times New Roman, Times, serif">9,504,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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              <div><font style="font: 10pt Times New Roman, Times, serif">4,801,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">191,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">6,600,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">478,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">51,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Interest &#8211; Legacy Siebert</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">106,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">19,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Revenue</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">30,036,000</font></div>
            </td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">13,110,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>

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</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxPolicyTextBlock', window );">Income Taxes</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
      <div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Income Taxes</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The results of operations are included in the consolidated federal income tax return of the Company as well as the
          consolidated or standalone state and local income tax returns of the Company and/or its subsidiaries. The amount of current and deferred taxes payable or refundable is recognized as of the date of the financial statements, utilizing currently
          enacted tax laws and rates. Deferred tax expenses or benefits are recognized in the financial statements for the changes in deferred tax liabilities or assets between years.</font></div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company records accruals for uncertain tax positions when the Company believes that it is not more likely than not
          that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The Company makes adjustments to these accruals when facts and circumstances change, such as the closing of a tax
          audit or the refinement of an estimate. The Company had no uncertain tax positions as of December 31, 2018 and 2017.</font></div>
      <div><br />
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company recognizes deferred tax assets to the extent that the Company believes these assets are more likely than not
          to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversal of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and
          results of recent operations. To the extent the Company determines that realization of deferred tax assets is not "more likely than not," the Company establishes a valuation allowance. As a result, the amount of the deferred tax assets considered
          realizable could be reduced in the near term if estimates of future taxable income are reduced. Such an occurrence could materially impact the Company&#8217;s results of operations and financial condition.</font></div></div></div><span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventsPolicyPolicyTextBlock', window );">Evaluation of Subsequent Events</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Evaluation of Subsequent Events</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The Company has evaluated events that have occurred subsequent to December 31, 2018 and through March 26, 2019, the date
          of the filing of this report. As previously disclosed in a Current Report on Form 8-K on January 18, 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. The number of shares purchased by the Company was 922,875 at a
          per share price of approximately $3.97.</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">There have been no additional material subsequent events that occurred during such period that would require disclosure
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityPolicyTextBlock', window );">Capital Stock</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
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      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The authorized capital stock of the Company consists of a single class of common stock.</font></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerSharePolicyTextBlock', window );">Per Share Data</a></td>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average outstanding common
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">Recently Issued Accounting Pronouncements</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify"><font style="font: italic 10pt Times New Roman, Times, serif">Recently Issued Accounting Pronouncements</font></div>
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif"><font style="font: italic 10pt Times New Roman, Times, serif">ASU 2016-02</font> &#8211; In
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          establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with
          classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company expects to adopt the new standard
          on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the beginning
          of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application. Consequently,
          financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The Company expects to recognize a material asset and a corresponding liability with
          no material impact to operating results.</font></div></div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RecentlyAdoptedAccountingPronouncementsPolicyTextBlock', window );">Recently Adopted Accounting Pronouncements</a></td>
<td class="text"><div><div style="text-align: left"><div></div>
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      <div><br />
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      <div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif"><font style="font: italic 10pt Times New Roman, Times, serif">ASU 2014-09</font> &#8211; In
          May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common
          revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). In March 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue
          Gross versus Net)." ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations
          and Licensing." ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. These ASUs are effective for
          public entities for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.
          The Company adopted this guidance starting the first quarter of 2018. Entities have the choice to apply these ASUs either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying these standards at
          the date of initial application and not adjusting comparative information. The Company has adopted ASC 606 using the modified retrospective method (i.e., cumulative effect method).</font></div></div></div><span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for advertising costs. For those costs that cannot be capitalized, discloses whether such costs are expensed as incurred or the first period in which the advertising takes place. For direct response advertising costs that are capitalized, describes those assets and the accounting policy used, including a description of the qualifying activity, the types of costs capitalized and the related amortization period. An entity also may disclose its accounting policy for cooperative advertising arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 340<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84159346&amp;loc=d3e8275-108329<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 340<br> -SubTopic 20<br> -Section 55<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68054294&amp;loc=d3e8384-108330<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4273-108586<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 305<br> -SubTopic 10<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6375392&amp;loc=d3e26790-107797<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for depreciation, depletion, and amortization of property and equipment costs, including methods used and estimated useful lives and how impairment of such assets is assessed and recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3630-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=108376223&amp;loc=d3e13816-109267<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16265-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32847-109319<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 954<br> -SubTopic 740<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6491622&amp;loc=d3e9504-115650<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32809-109319<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32840-109319<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e32247-109318<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e32280-109318<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 30<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=65884525&amp;loc=d3e40913-109327<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for recognition of revenues and expenses including commissions, underwriting, management and investment advisory fees, trading gains and losses, interest income and expense, dividend income and expense, floor brokerage, and exchange fees. Also, may include the broker-dealers' disclosure on the nature of operations and estimates used in preparation of financial statements and significant estimates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 10<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68080064&amp;loc=d3e40179-110945<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IndustrySpecificPoliciesBrokerDealerTextBlock</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for classifying current financial statements, which may be different from classifications in the prior year's financial statements. Disclose any material changes in classification including an explanation of the reason for the change and the areas impacted.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for revenue from contract with customer.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for reporting subsequent events.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6743251360">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Tables)<br></strong></div></th>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">&#160;&#160;&#160;&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">&#160;&#160;&#160;</td>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%">&#160;&#160;&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Recorded as earned</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; background-color: rgb(255, 255, 255)">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">10,928,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">6,600,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 54%; padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 1%; padding-bottom: 2px">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 21%; padding-bottom: 2px">&#160;&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; width: 54%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Revenue</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">30,036,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">13,110,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: top; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td style="vertical-align: bottom; vertical-align: top; width: 21%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td></tr></table></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ScheduleOfRevenueCategoriesAndRemainingPerformanceObligationsTableTextBlock', window );">Schedule of Revenue Categories and Remaining Performance Obligations</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">The following table presents each revenue category and its related performance obligation:</font></div>
      <div><br />
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="ze38102e02c4b4de6af82983c4200bd37" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse">

          <tr>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue Stream</font></div>
            </td>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Performance Obligation</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Principal transactions, Commissions and fees, Advisory fees and additional income</font></div>
            </td>
            <td style="width: 50%; vertical-align: top; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Provide security trading services to customer and act as agent</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Margin interest, marketing and distribution fees</font></div>
            </td>
            <td style="width: 50%; vertical-align: top">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">n/a</font></div>
            </td>
          </tr>

      </table>
      </div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueTableTextBlock', window );">Schedule of Disaggregation of Revenue</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the legacy Siebert
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      <div style="text-align: left; font: 10pt &quot"> <br />
      </div>
      <table cellspacing="0" cellpadding="0" id="zc4fd0053dac345afb5511ba032f9d7c5" style="font: 10pt Times New Roman, Times, serif; width: 100%">

          <tr>
            <td style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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            </td>
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: bottom; background-color: #FFFFFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif"> 2018</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #FFFFFF">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">2017</font></div>
            </td>
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue from Principal transactions:</font></div>
            </td>
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            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Commissions and fees &#8211; StockCross Retail Assets</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">274,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">9,504,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">4,801,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Revenue from Margin interest, marketing and distribution fees:</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution&#160;fees &#8211; Legacy Siebert</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">6,409,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 76%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Margin interest, marketing and distribution fees &#8211; StockCross Retail Assets</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,254,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">191,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">6,600,000</font></div>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Receivables from and Payable to Brokers, Dealers, and Clearing Organizations (Tables)<br></strong></div></th>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Citibank</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Receivables from clearing and other brokers</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">2,030,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">1,396,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Receivable from related party</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,000,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">283,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 4px">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Receivable from related party</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">1,000,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">283,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Due to clearing brokers and related parties</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;NFS</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">58,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;StockCross</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">46,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">127.000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;MSCO</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">29,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Due to clearing brokers and related parties</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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              <div><font style="font: bold 10pt Times New Roman, Times, serif">133,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">$</font></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6628299136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Furniture, Equipment and Leasehold Improvements, Net  (Tables)<br></strong></div></th>
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentTextBlock', window );">Furniture, equipment and leasehold improvements</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Furniture, equipment and leasehold improvements consisted of the following as of the periods indicated:</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
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              <div><font style="font: 10pt Times New Roman, Times, serif">(56,000</font></div>
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              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.</p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6743140176">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Software, Net (Tables)<br></strong></div></th>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6743079632">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Tables)<br></strong></div></th>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
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</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock', window );">Schedule of Reconciliation of U.S. Federal Statutory Income Tax Rate</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">A reconciliation of the U.S. federal statutory income tax rate to the effective tax rate applicable to income before
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      <div style="text-align: left; font: 10pt &quot"> <br />
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      <table cellspacing="0" cellpadding="0" id="z1fd6a6d5accf40e19fada46a258578b2" style="font: 10pt Times New Roman, Times, serif; width: 100%">

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          <tr>
            <td style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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          <tr>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
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          <tr>
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              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;Other temporary differences</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #FFFFFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">(12.1</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #FFFFFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;Net operating loss</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">(13.2</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(255, 255, 255); width: 76%; padding-bottom: 2px">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;Increase due to state and local taxes, net of U.S.</font></div>
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;&#160;&#160;federal income tax effects</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.6</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">%</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">2.8</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">%</font></div>
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Total Current effective income tax rate</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">13.2</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
              <div><font style="font: 10pt Times New Roman, Times, serif">6.6</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">%</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Reversal of deferred tax assets valuation allowance</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">(75.8</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">%)</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px">
              <div style="text-align: justify"><font style="font: bold 10pt Times New Roman, Times, serif">Total Effective income tax rate</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">%)</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
              <div><font style="font: bold 10pt Times New Roman, Times, serif">%</font></div>
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      </div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock', window );">Schedule of Deferred Tax Assets (Liabilities)</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify; text-indent: 18pt"><font style="font: 10pt Times New Roman, Times, serif">Below is a breakout of the deferred tax assets, net of valuation allowance as of the periods indicated. Prior period
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      <div><br />
      </div>
      <table cellspacing="0" cellpadding="0" id="zf40be1eedbdb466fa509b6f3db3144f9" style="font: 10pt Times New Roman, Times, serif; width: 100%">

          <tr>
            <td style="vertical-align: bottom; vertical-align: middle">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
            <td colspan="6" style="vertical-align: bottom; vertical-align: middle">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">As of December 31,</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif"> 2018</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top">
              <div style="text-align: center"><font style="font: bold 10pt Times New Roman, Times, serif">2017</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Deferred tax assets</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: #CCEEFF">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Net operating loss carryforwards</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
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            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
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            </td>
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          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
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            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
              <div style="text-align: justify"><font style="font: 10pt Times New Roman, Times, serif">Deferred tax liabilities</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">
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            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">(193,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid">
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: left; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">(235,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
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            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
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            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 2px">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
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              <div><font style="font: 10pt Times New Roman, Times, serif">)</font></div>
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            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 2px solid">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
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              <div><font style="font: bold 10pt Times New Roman, Times, serif">5,576,000</font></div>
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              <div><font style="font: 10pt Times New Roman, Times, serif"><font style="font: bold 10pt Times New Roman, Times, serif">$</font></font></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6742032672">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments, Contingencies and Other (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2018</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock', window );">Schedule of Future Minimum Rental Payments for Operating Leases</a></td>
<td class="text"><div><div style="text-align: left"><div style="text-align: justify; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, serif">Future annual minimum base rental payments under these operating leases are as follows as of December 31, 2018:</font></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84164817&amp;loc=d3e45280-112737<br></p></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6743252048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summarized Quarterly Financial Data (unaudited) (Tables)<br></strong></div></th>
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            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">7,488,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">7,884,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">6,487,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">2,379,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">2,689,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">3,089,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">4,953,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255)">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Net income (loss)</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,693,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,799,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">3,119,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">5,351,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">58,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">365,000</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">1,001,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">733,000</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 20%">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">Net income (loss) per share:</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; width: 20%; background-color: rgb(255, 255, 255)">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Continuing operations</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.06</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.07</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.11</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.20</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="border-left: rgb(0, 0, 0) 1px solid; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.00</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.02</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.05</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">$</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 7%; background-color: rgb(255, 255, 255)">
              <div><font style="font: 10pt Times New Roman, Times, serif">0.03</font></div>
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            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 20%">
              <div style="text-align: left"><font style="font: 10pt Times New Roman, Times, serif">&#160;&#160;Discontinued operations</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 7%">
              <div><font style="font: 10pt Times New Roman, Times, serif">&#8212;</font></div>
            </td>
            <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; text-align: left; vertical-align: bottom; width: 1%">&#160;</td>
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<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
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<tr>
<th class="th"><div>Aug. 21, 2018</div></th>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LegalFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LegalFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of stock issued during the period pursuant to acquisitions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesAcquisitions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued pursuant to acquisitions during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueAcquisitions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=SIEB_KennedyCabotAcquisitionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=SIEB_KennedyCabotAcquisitionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=SIEB_PWCAcquisitionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=SIEB_PWCAcquisitionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=SIEB_AcquisitionOfStockCrossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=SIEB_AcquisitionOfStockCrossMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6741784192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jan. 18, 2019</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Estimated useful life of software</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdvertisingExpense', window );">Advertising costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 45,000<span></span>
</td>
<td class="nump">$ 87,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=SIEB_IntangibleAssetRoboAdvisorMember', window );">Robo-Advisor [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Estimated useful life of software</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=SIEB_IntangibleAssetRoboAdvisorMember', window );">Robo-Advisor [Member] | Subsequent Event [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Estimated useful life of software</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_PrepaidExpensesAndOtherCurrentAssetsMember', window );">Prepaid assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Estimated useful life of software</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_StockCrossMember', window );">StockCross [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Deposits', window );">Cash clearing deposits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 75,000<span></span>
</td>
<td class="nump">75,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_StockCrossMember', window );">StockCross [Member] | Subsequent Event [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_PercentageOfPurchasedShares', window );">Percentage of shares purchased</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodShares', window );">Number of shares purchased</a></td>
<td class="nump">922,875<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssuedPricePerShare', window );">Number of shares purchased, price per share</a></td>
<td class="nump">$ 3.97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_NFSMember', window );">NFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Deposits', window );">Cash clearing deposits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 50,000<span></span>
</td>
<td class="nump">$ 50,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_PercentageOfPurchasedShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of shares purchased.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_PercentageOfPurchasedShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdvertisingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 720<br> -SubTopic 35<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6420018&amp;loc=d3e36677-107848<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdvertisingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Deposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Deposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesIssuedPricePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Per share or per unit amount of equity securities issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharesIssuedPricePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedDuringPeriodShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=SIEB_IntangibleAssetRoboAdvisorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=SIEB_IntangibleAssetRoboAdvisorMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_PrepaidExpensesAndOtherCurrentAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_PrepaidExpensesAndOtherCurrentAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_StockCrossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_StockCrossMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_NFSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_NFSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6740664064">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Schedule of Major Revenue Categories) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="8">3 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_TradingExecutionAndClearingServicesAbstract', window );"><strong>Trading Execution and Clearing Services</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Commissions and fees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 9,504,000<span></span>
</td>
<td class="nump">$ 4,801,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalTransactionsRevenue', window );">Principal transactions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,020,000<span></span>
</td>
<td class="nump">1,639,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_AdvisoryFeesAndAdditionalIncome', window );">Advisory fees and additional income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">584,000<span></span>
</td>
<td class="nump">70,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_MarginInterestMarketingAndDistributionFeesAbstract', window );"><strong>Margin interest, marketing and distribution fees</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_MarginInterestIncome', window );">Margin interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,663,000<span></span>
</td>
<td class="nump">3,726,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_TwelveB1FeesRevenue', window );">12b1 fees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,265,000<span></span>
</td>
<td class="nump">2,874,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue', window );">Total Margin interest, marketing and distribution fees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,928,000<span></span>
</td>
<td class="nump">6,600,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total Revenue</a></td>
<td class="nump">$ 6,487,000<span></span>
</td>
<td class="nump">$ 7,884,000<span></span>
</td>
<td class="nump">$ 7,488,000<span></span>
</td>
<td class="nump">$ 8,177,000<span></span>
</td>
<td class="nump">$ 4,953,000<span></span>
</td>
<td class="nump">$ 3,089,000<span></span>
</td>
<td class="nump">$ 2,689,000<span></span>
</td>
<td class="nump">$ 2,379,000<span></span>
</td>
<td class="nump">$ 30,036,000<span></span>
</td>
<td class="nump">$ 13,110,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_AdvisoryFeesAndAdditionalIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Advisory fees and additional income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_AdvisoryFeesAndAdditionalIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_MarginInterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Margin interest income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_MarginInterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_MarginInterestMarketingAndDistributionFeesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_MarginInterestMarketingAndDistributionFeesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from commissions and fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from margin interest, marketing and distribution fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_TotalMarginInterestMarketingAndDistributionFeesRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_TradingExecutionAndClearingServicesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_TradingExecutionAndClearingServicesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_TwelveB1FeesRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from 12b1 fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_TwelveB1FeesRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalTransactionsRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss) resulting from the difference between acquisition price and selling price or fair value of trading assets and trading liabilities, and from the firm's direct investment activity, conducted separately from customer trading activities, including, but not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 320<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42567-110969<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalTransactionsRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6752741392">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Schedule of Disaggregation of Revenue) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="8">3 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromPrincipalTransactionsAbstract', window );"><strong>Revenue from Principal transactions:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromPrincipalTransactionsLegacySiebert', window );">Principal transactions - Legacy Siebert</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,894,000<span></span>
</td>
<td class="nump">$ 490,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets', window );">Principal transactions - StockCross Retail Assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,126,000<span></span>
</td>
<td class="nump">1,149,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromPrincipalTransactions', window );">Total Revenue from Principal transactions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,020,000<span></span>
</td>
<td class="nump">1,639,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFeesAbstract', window );"><strong>Revenue from Commissions and fees:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFeesLegacySiebert', window );">Commissions and fees - Legacy Siebert</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,792,000<span></span>
</td>
<td class="nump">4,527,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets', window );">Commissions and fees - StockCross Retail Assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,712,000<span></span>
</td>
<td class="nump">274,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Total Revenue from Commissions and fees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,504,000<span></span>
</td>
<td class="nump">4,801,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesAbstract', window );"><strong>Revenue from Margin interest, marketing and distribution fees:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert', window );">Margin interest, marketing and distribution fees - Legacy Siebert</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,674,000<span></span>
</td>
<td class="nump">6,409,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets', window );">Margin interest, marketing and distribution fees - StockCross Retail Assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,254,000<span></span>
</td>
<td class="nump">191,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Total Revenue from Margin interest, marketing and distribution fees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,928,000<span></span>
</td>
<td class="nump">6,600,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_AdditionalRevenueAbstract', window );"><strong>Additional Revenue:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromAdvisoryFeesLegacySiebert', window );">Advisory fees - Legacy Siebert</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">478,000<span></span>
</td>
<td class="nump">51,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest - Legacy Siebert</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">106,000<span></span>
</td>
<td class="nump">19,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total Revenue</a></td>
<td class="nump">$ 6,487,000<span></span>
</td>
<td class="nump">$ 7,884,000<span></span>
</td>
<td class="nump">$ 7,488,000<span></span>
</td>
<td class="nump">$ 8,177,000<span></span>
</td>
<td class="nump">$ 4,953,000<span></span>
</td>
<td class="nump">$ 3,089,000<span></span>
</td>
<td class="nump">$ 2,689,000<span></span>
</td>
<td class="nump">$ 2,379,000<span></span>
</td>
<td class="nump">$ 30,036,000<span></span>
</td>
<td class="nump">$ 13,110,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_AdditionalRevenueAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_AdditionalRevenueAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromAdvisoryFeesLegacySiebert">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from advisory fees - legacy siebert.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromAdvisoryFeesLegacySiebert</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from commissions and fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFeesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFeesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFeesLegacySiebert">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from commissions and fees - legacy siebert.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFeesLegacySiebert</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from commissions and fees - stockcross retail assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromCommissionsAndFeesStockcrossRetailAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from margin interest, marketing and distribution fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromMarginInterestMarketingAndDistributionFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from margin interest, marketing and distribution fees - legacy siebert.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesLegacySiebert</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from margin interest, marketing and distribution fees - stockcross retail assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromMarginInterestMarketingAndDistributionFeesStockcrossRetailAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromPrincipalTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from principal transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromPrincipalTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromPrincipalTransactionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromPrincipalTransactionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromPrincipalTransactionsLegacySiebert">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from principal transactions - legacy siebert.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromPrincipalTransactionsLegacySiebert</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from principal transactions - stockcross retail assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_RevenueFromPrincipalTransactionsStockcrossRetailAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<head>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6752776016">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Receivables from and Payable to Brokers, Dealers, and Clearing Organizations (Schedule of Amounts Receivable) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract', window );"><strong>Receivables from clearing and other brokers</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueFromNFS', window );">NFS</a></td>
<td class="nump">$ 1,664,000<span></span>
</td>
<td class="nump">$ 1,396,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueFromStockCross', window );">StockCross</a></td>
<td class="nump">310,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations', window );">Other receivables</a></td>
<td class="nump">31,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromCorrespondentBrokers', window );">Citibank</a></td>
<td class="nump">25,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Total Receivables from clearing and other brokers</a></td>
<td class="nump">2,030,000<span></span>
</td>
<td class="nump">1,396,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivableFromRelatedPartyAbstract', window );"><strong>Receivable from related party</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross', window );">StockCross</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">283,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Total Receivable from related party</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">283,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract', window );"><strong>Due to clearing brokers and related parties</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueToCorrespondentNFS', window );">NFS</a></td>
<td class="nump">58,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueToCorrespondentStockCross', window );">StockCross</a></td>
<td class="nump">46,000<span></span>
</td>
<td class="nump">127,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations', window );">MSCO</a></td>
<td class="nump">29,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent', window );">Total Due to clearing brokers and related parties</a></td>
<td class="nump">$ 133,000<span></span>
</td>
<td class="nump">$ 127,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueFromNFS">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from NFS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueFromNFS</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueFromStockCross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Due from StockCross.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueFromStockCross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueToCorrespondentNFS">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount payable to correspondent NFS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueToCorrespondentNFS</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueToCorrespondentStockCross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount payable to correspondent stockcross.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueToCorrespondentStockCross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReceivableFromRelatedPartyAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivableFromRelatedPartyAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from stockcross broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromCorrespondentBrokers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from correspondent broker-dealer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=82891408&amp;loc=d3e4428-111522<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=35710130&amp;loc=d3e41645-110958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromCorrespondentBrokers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of obligations due all related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(3),(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueToRelatedPartiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other payables due to broker-dealers or clearing organizations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherPayablesToBrokerDealersAndClearingOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other receivables due from broker-dealers or clearing organizations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=82891408&amp;loc=d3e4428-111522<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=35710130&amp;loc=d3e41645-110958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6746741408">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Furniture, Equipment and Leasehold Improvements, Net  (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentAbstract', window );"><strong>Property, Plant and Equipment [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseholdImprovementsGross', window );">Leasehold improvements</a></td>
<td class="nump">$ 545,000<span></span>
</td>
<td class="nump">$ 267,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MachineryAndEquipmentGross', window );">Equipment</a></td>
<td class="nump">52,000<span></span>
</td>
<td class="nump">52,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Total Furniture, equipment and leasehold improvements</a></td>
<td class="nump">597,000<span></span>
</td>
<td class="nump">319,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Less accumulated depreciation and amortization</a></td>
<td class="num">(129,000)<span></span>
</td>
<td class="num">(56,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Total Furniture, equipment and leasehold improvements, net</a></td>
<td class="nump">$ 468,000<span></span>
</td>
<td class="nump">$ 263,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.14)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseholdImprovementsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of additions or improvements to assets held under a lease arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6812-107765<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseholdImprovementsGross</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MachineryAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6812-107765<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MachineryAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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</DOCUMENT>
<DOCUMENT>
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6743103376">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Software, Net (Narrative) (Details)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2018 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract', window );"><strong>Goodwill and Intangible Assets Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Estimated useful life of software</a></td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths', window );">Future amortization expense related to software in 2019</a></td>
<td class="nump">$ 398,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo', window );">Future amortization expense related to software in 2020</a></td>
<td class="nump">398,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree', window );">Future amortization expense related to software in 2021</a></td>
<td class="nump">$ 341,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<DOCUMENT>
<TYPE>XML
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<FILENAME>R34.htm
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6742347888">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Software, Net (Schedule of Software, Net) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsGross', window );">Total Software</a></td>
<td class="nump">$ 1,222,000<span></span>
</td>
<td class="nump">$ 97,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Total Software, net</a></td>
<td class="nump">1,137,000<span></span>
</td>
<td class="nump">84,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=SIEB_IntangibleAssetRoboAdvisorMember', window );">Robo-Advisor [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsGross', window );">Total Software</a></td>
<td class="nump">763,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Less accumulated amortization</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_OtherIntangibleAssetsMember', window );">Other purchased software [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsGross', window );">Total Software</a></td>
<td class="nump">459,000<span></span>
</td>
<td class="nump">97,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Less accumulated amortization</a></td>
<td class="num">$ (85,000)<span></span>
</td>
<td class="num">$ (13,000)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 928<br> -SubTopic 340<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6473545&amp;loc=d3e61844-108004<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=SIEB_IntangibleAssetRoboAdvisorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=SIEB_IntangibleAssetRoboAdvisorMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_OtherIntangibleAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_OtherIntangibleAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div>
</body>
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<head>
<title></title>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6895712720">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Schedule of Income Tax (Benefit) / Expense) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract', window );"><strong>Current</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentFederalTaxExpenseBenefit', window );">Federal</a></td>
<td class="nump">$ 948,000<span></span>
</td>
<td class="nump">$ 51,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentStateAndLocalTaxExpenseBenefit', window );">State and local</a></td>
<td class="nump">26,000<span></span>
</td>
<td class="nump">102,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefit', window );">Total Current</a></td>
<td class="nump">974,000<span></span>
</td>
<td class="nump">153,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract', window );"><strong>Deferred</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFederalIncomeTaxExpenseBenefit', window );">Federal</a></td>
<td class="num">(3,248,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit', window );">State and local</a></td>
<td class="num">(2,328,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Total Deferred</a></td>
<td class="num">(5,576,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Total Income tax (benefit) / expense</a></td>
<td class="num">$ (4,602,000)<span></span>
</td>
<td class="nump">$ 153,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentFederalTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentFederalTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentIncomeTaxExpenseBenefit</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentStateAndLocalTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentStateAndLocalTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredFederalIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFederalIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109238882&amp;loc=d3e38679-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6640684576">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Schedule of Reconciliation of U.S. Federal Statutory Income Tax Rate) (Details)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">Federal statutory income tax rate</a></td>
<td class="nump">21.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAbstract', window );"><strong>Net effect of:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense', window );">Non-deductible expenses</a></td>
<td class="nump">0.20%<span></span>
</td>
<td class="nump">1.20%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciation', window );">Depreciation</a></td>
<td class="num">(0.90%)<span></span>
</td>
<td class="num">(4.50%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization', window );">Tax amortization of intangible assets</a></td>
<td class="num">(3.80%)<span></span>
</td>
<td class="num">(1.60%)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments', window );">Other temporary differences</a></td>
<td class="num">(1.30%)<span></span>
</td>
<td class="num">(12.10%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_EffectiveIncomeTaxRateReconciliationNetOperatingLoss', window );">Net operating loss</a></td>
<td class="num">(2.60%)<span></span>
</td>
<td class="num">(13.20%)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes', window );">Increase due to state and local taxes, net of U.S. federal income tax effects</a></td>
<td class="nump">0.60%<span></span>
</td>
<td class="nump">2.80%<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_CurrentEffectiveIncomeTaxRateContinuingOperations', window );">Total Current effective income tax rate</a></td>
<td class="nump">13.20%<span></span>
</td>
<td class="nump">6.60%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_EffectiveIncomeTaxRateReversalOfDeferredTaxAssetsValuationAllowance', window );">Reversal of deferred tax assets valuation allowance</a></td>
<td class="num">(75.80%)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations', window );">Total Effective income tax rate</a></td>
<td class="num">(62.60%)<span></span>
</td>
<td class="nump">6.60%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_CurrentEffectiveIncomeTaxRateContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_CurrentEffectiveIncomeTaxRateContinuingOperations</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
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<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_EffectiveIncomeTaxRateReconciliationNetOperatingLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to net operating losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_EffectiveIncomeTaxRateReconciliationNetOperatingLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reversal of deferred tax assets valuation allowance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of domestic federal statutory tax rate applicable to pretax income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to amortization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to depreciation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciation</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit).</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6742046336">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Income Taxes (Schedule of Deferred Tax Assets (Liabilities)) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards', window );">Net operating loss carryforwards</a></td>
<td class="nump">$ 5,811,000<span></span>
</td>
<td class="nump">$ 6,596,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGross', window );">Total Deferred tax assets</a></td>
<td class="nump">5,811,000<span></span>
</td>
<td class="nump">6,596,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesAbstract', window );"><strong>Deferred tax liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment', window );">Furniture, equipment and leasehold improvements</a></td>
<td class="num">(193,000)<span></span>
</td>
<td class="num">(79,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DeferredTaxLiabilitiesContributionCarryover', window );">Contribution carryover</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">126,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets', window );">Intangible assets</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(25,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesOther', window );">Other reconciling items</a></td>
<td class="num">(42,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DeferredTaxLiability', window );">Deferred tax liabilities</a></td>
<td class="num">(235,000)<span></span>
</td>
<td class="nump">22,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNet', window );">Total</a></td>
<td class="nump">5,576,000<span></span>
</td>
<td class="nump">6,618,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Valuation allowance</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(6,618,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNet', window );">Deferred tax assets, net of valuation allowance</a></td>
<td class="nump">$ 5,576,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DeferredTaxLiabilitiesContributionCarryover">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from contribution carryover.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DeferredTaxLiabilitiesContributionCarryover</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DeferredTaxLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DeferredTaxLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGrossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGrossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b),(c)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115928272&amp;loc=d3e28680-109314<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from intangible assets other than goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=115928272&amp;loc=d3e28680-109314<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=115928272&amp;loc=d3e28680-109314<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=115928272&amp;loc=d3e28680-109314<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>49
<FILENAME>R38.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6906881520">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Capital Requirements (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Assets</a></td>
<td class="nump">$ 18,177,000<span></span>
</td>
<td class="nump">$ 6,025,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">7,229,000<span></span>
</td>
<td class="nump">3,765,000<span></span>
</td>
<td class="nump">$ 2,730,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=SIEB_MSCOMember', window );">MSCO [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCapital', window );">Net capital</a></td>
<td class="nump">8,900,000<span></span>
</td>
<td class="nump">4,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1', window );">Minimum net capital required</a></td>
<td class="nump">250,000<span></span>
</td>
<td class="nump">250,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_NetCapitalInExcessOfMinimumRequirement', window );">Net capital in excess of minimum requirement</a></td>
<td class="nump">$ 8,700,000<span></span>
</td>
<td class="nump">$ 4,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_NetCapitalInExcessOfMinimumRequirement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net capital in excess of minimum requirement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_NetCapitalInExcessOfMinimumRequirement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Minimum amount of net capital required to be maintained by entity's broker-dealer subsidiary to engage in securities transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher SEC<br> -Name Rule 15c3-1<br> -Number 240<br> -Section 15c3-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net capital is equal to the net worth of the broker dealer, less certain items such as exchange memberships, carrying value of securities not readily marketable, haircuts on marketable securities in proprietary accounts, furniture and equipment and other illiquid assets as defined.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher SEC<br> -Name Rule 15c3-1<br> -Number 240<br> -Section 15c3-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=SIEB_MSCOMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=SIEB_MSCOMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>50
<FILENAME>R39.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6741944624">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments, Contingencies and Other (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseAndRentalExpense', window );">Rent expense</a></td>
<td class="nump">$ 988,000<span></span>
</td>
<td class="nump">$ 437,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivableFromLandlord', window );">Receivable from landlord</a></td>
<td class="nump">171,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_HealthClaimReinsuranceLimitPerEmployee', window );">Health claim reinsurance limit per employee</a></td>
<td class="nump">50,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ExpenseForSelfInsuranceClaims', window );">Expense for self-insurance claims</a></td>
<td class="nump">935,000<span></span>
</td>
<td class="nump">546,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualCarryingValueCurrent', window );">Accrual for self-insurance claims</a></td>
<td class="nump">$ 50,000<span></span>
</td>
<td class="nump">$ 28,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ExpenseForSelfInsuranceClaims">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expense for self-insurance claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ExpenseForSelfInsuranceClaims</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_HealthClaimReinsuranceLimitPerEmployee">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Health claim reinsurance limit per employee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_HealthClaimReinsuranceLimitPerEmployee</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReceivableFromLandlord">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Receivable from landlord.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivableFromLandlord</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseAndRentalExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseAndRentalExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyAccrualCarryingValueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss contingency liability expected to be resolved within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyAccrualCarryingValueCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6635938624">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments, Contingencies and Other (Schedule of Future Minimum Rental Payments for Operating Leases) (Details)<br></strong></div></th>
<th class="th">
<div>Dec. 31, 2018 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent', window );">2019</a></td>
<td class="nump">$ 686,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears', window );">2020</a></td>
<td class="nump">651,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears', window );">2021</a></td>
<td class="nump">628,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears', window );">2022</a></td>
<td class="nump">489,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter', window );">2023 and thereafter</a></td>
<td class="nump">507,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue', window );">Total</a></td>
<td class="nump">$ 2,961,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>52
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6891145248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Disclosures (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueFromStockCross', window );">Due from Stockcross to MSCO</a></td>
<td class="nump">$ 310,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyCosts', window );">Related party expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">803,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross', window );">Receivable from StockCross</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">283,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_PWCMember', window );">PWC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromRelatedParties', window );">Related party revenues</a></td>
<td class="nump">28,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_ScilentNetworksMember', window );">Scilent Networks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyCosts', window );">Related party expenses</a></td>
<td class="nump">$ 133,000<span></span>
</td>
<td class="nump">$ 112,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueFromStockCross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Due from StockCross.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_DueFromStockCross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount receivable from stockcross broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>SIEB_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07.1(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873854&amp;loc=SL114874292-224272<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_PWCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_PWCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_ScilentNetworksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_ScilentNetworksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>53
<FILENAME>R42.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.19.1</span><table class="report" border="0" cellspacing="2" id="idp6742599184">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summarized Quarterly Financial Data (unaudited) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="8">3 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_JSummarizedQuarterlyFinancialDataUnauditedDetailsAbstract', window );"><strong>Summarized Quarterly Financial Data Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
<td class="nump">$ 6,487,000<span></span>
</td>
<td class="nump">$ 7,884,000<span></span>
</td>
<td class="nump">$ 7,488,000<span></span>
</td>
<td class="nump">$ 8,177,000<span></span>
</td>
<td class="nump">$ 4,953,000<span></span>
</td>
<td class="nump">$ 3,089,000<span></span>
</td>
<td class="nump">$ 2,689,000<span></span>
</td>
<td class="nump">$ 2,379,000<span></span>
</td>
<td class="nump">$ 30,036,000<span></span>
</td>
<td class="nump">$ 13,110,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="nump">$ 5,351,000<span></span>
</td>
<td class="nump">$ 3,119,000<span></span>
</td>
<td class="nump">$ 1,799,000<span></span>
</td>
<td class="nump">$ 1,693,000<span></span>
</td>
<td class="nump">$ 733,000<span></span>
</td>
<td class="nump">$ 1,001,000<span></span>
</td>
<td class="nump">$ 365,000<span></span>
</td>
<td class="nump">$ 58,000<span></span>
</td>
<td class="nump">$ 11,962,000<span></span>
</td>
<td class="nump">$ 2,157,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Net income (loss) per share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text"> <span></span>
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<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873765&amp;loc=SL114874048-224260<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873790&amp;loc=SL114874131-224263<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109260490&amp;loc=d3e1337-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=109260490&amp;loc=SL5780133-109256<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109260490&amp;loc=d3e1252-109256<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873765&amp;loc=SL114874048-224260<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873765&amp;loc=SL114874048-224260<br><br>Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868656-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerBasicShare</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=114867106&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873765&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=114867106&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=114873790&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=109223946&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=115205541&amp;loc=SL114868664-224227<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br></p></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
