<SEC-DOCUMENT>0001157523-19-001844.txt : 20190814
<SEC-HEADER>0001157523-19-001844.hdr.sgml : 20190814
<ACCEPTANCE-DATETIME>20190814091622
ACCESSION NUMBER:		0001157523-19-001844
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		58
CONFORMED PERIOD OF REPORT:	20190630
FILED AS OF DATE:		20190814
DATE AS OF CHANGE:		20190814

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-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05703
		FILM NUMBER:		191023214

	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-Q
<SEQUENCE>1
<FILENAME>a52077151.htm
<DESCRIPTION>SIEBERT FINANCIAL CORP. 10-Q
<TEXT>
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      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;"><font style="font-family: 'Times New Roman',serif; font-size: 16pt;">UNITED STATES</font><font style="font-size: 16pt;"><br>
        <font style="font-family: 'Times New Roman',serif;">SECURITIES AND EXCHANGE COMMISSION</font></font><br>
      WASHINGTON, DC 20549</div>
    <div style="text-align: center; text-indent: 36pt;">&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">FORM 10-Q</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>(Mark One)</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
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          <td style="width: 67%; vertical-align: top;">
            <div>&#160;</div>
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          <td style="width: 5%; vertical-align: top;">
            <div>&#9746;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
          </td>
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          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>&#160;</div>
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          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 28%; vertical-align: top;" colspan="2">
            <div>For the quarterly period ended</div>
          </td>
          <td style="width: 67%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="font-weight: bold;">June 30, 2019</div>
          </td>
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          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 28%; vertical-align: top;" colspan="2">
            <div>&#160;</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div>&#160;</div>
          </td>
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          <td style="width: 100%; vertical-align: top;" colspan="4">
            <div style="text-align: center;">OR</div>
          </td>
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          <td style="width: 100%; vertical-align: top;" colspan="4">
            <div style="text-align: center;">&#160;</div>
          </td>
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          <td style="width: 5%; vertical-align: top;">
            <div>&#9744;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>&#160;</div>
          </td>
        </tr>
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          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>For the transition period from ____________________________ to __________________________</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div>Commission file number</div>
          </td>
          <td style="width: 5%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
          </td>
          <td style="width: 67%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="font-weight: bold;">0-5703</div>
          </td>
        </tr>

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    <div style="text-indent: 36pt;">&#160;</div>
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          <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 18pt; font-weight: bold;">Siebert Financial Corp.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Exact Name of Registrant as Specified in its Charter)</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 36pt;">&#160;</div>
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          <td style="width: 46.16%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">New York</div>
          </td>
          <td style="width: 12.24%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 41.6%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">11-1796714</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.16%; vertical-align: top;">
            <div style="text-align: center;">(State or Other Jurisdiction of Incorporation or Organization)</div>
          </td>
          <td style="width: 12.24%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 41.6%; vertical-align: top;">
            <div style="text-align: center;">(I.R.S. Employer Identification No.)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.16%; vertical-align: top;">&#160;</td>
          <td style="width: 12.24%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 41.6%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">
            <div style="text-align: center; font-weight: bold;">120 Wall Street, New York, NY 10005</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;" colspan="3">
            <div style="text-align: center;">(Address of Principal Executive Offices) (Zip Code)</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 36pt;">&#160;</div>
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          <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">(212) 644-2400</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Registrant&#8217;s Telephone Number, Including Area Code)</div>
          </td>
        </tr>
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          <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">&#160;</div>
          </td>
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          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>&#160;</div>
    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
    <div>&#160;</div>
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          <td style="width: 34.92%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 23.31%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
          <td style="width: 41.77%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34.92%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Common Stock - $0.01 par value</div>
          </td>
          <td style="width: 23.31%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">SIEB</div>
          </td>
          <td style="width: 41.77%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">The Nasdaq Capital Market</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">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 (&#8220;Exchange Act&#8221;) 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.</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">Yes &#9746; No &#9744;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12
      months (or for such shorter period that the registrant was required to submit such files).</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">Yes &#9746; No &#9744;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &#8220;large
      accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
    <table cellspacing="0" cellpadding="0" id="z07f0c7a83d064316b82fa1f20a7a45c5" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 60%; vertical-align: top;">
            <div style="text-align: justify;">&#160;</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 60%; vertical-align: top;">
            <div style="text-align: justify;">Large accelerated filer &#9744;</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify;">Accelerated filer &#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 60%; vertical-align: top;">
            <div style="text-align: justify;">Non-accelerated filer &#9746;</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify;">Smaller reporting company &#9746;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 60%; vertical-align: top;">
            <div style="text-align: justify;">&#160;</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify;">Emerging growth company &#9744;</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">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. &#9744;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">Yes &#9744; No &#9746;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="font-family: 'Times New Roman',Times,serif;">Indicate the number of shares outstanding of each of the issuer&#8217;s classes of common equity, as of the latest practicable date: As of August 14, 2019, there were 27,157,188 shares of the
      registrant&#8217;s common stock outstanding.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">SIEBERT FINANCIAL CORP.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">INDEX</div>
    <div>&#160;
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z6c35288a40e3445cb3b01490ffdc2f7d">

          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="#FINANCIAL">PART I - FINANCIAL INFORMATION</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#FINANCIAL">1</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;"><a href="#FINANCIAL">ITEM 1. FINANCIAL STATEMENTS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#FINANCIAL">1</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 18pt;"><a href="#FINANCIAL">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#FINANCIAL">1</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 18pt;"><a href="#OPERATIONS">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#OPERATIONS">2</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 18pt;"><a href="#EQUITY">CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS&#8217; EQUITY</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#EQUITY">3</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 18pt;"><a href="#CASH">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#CASH">4</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 18pt;"><a href="#NOTES">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#NOTES">5</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;"><a href="#DISCUSSION">ITEM 2. MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#DISCUSSION">14</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;"><a href="#QUANTITATIVE">ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#QUANTITATIVE">20</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;"><a href="#CONTROLS">ITEM 4. CONTROLS AND PROCEDURES</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#CONTROLS">21</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="#OTHER">PART II - OTHER INFORMATION</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#OTHER">22</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;"><a href="#LEGAL">ITEM 1. LEGAL PROCEEDINGS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#LEGAL">22</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;"><a href="#RISK">ITEM 1A. RISK FACTORS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#RISK">22</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;"><a href="#EXHIBITS">ITEM 6. EXHIBITS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#EXHIBITS">23</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 18pt;"><a href="#SIGNATURES">SIGNATURES</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#SIGNATURES">24</a></div>
            </td>
          </tr>

      </table>
    </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%- % -%--><br>
    <div style="text-align: center; margin-left: 5.45pt; font-family: 'Times New Roman',serif; font-weight: bold;">PART I - FINANCIAL<a name="FINANCIAL"><!--Anchor--></a> INFORMATION</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">ITEM 1. FINANCIAL STATEMENTS</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION</div>
    <div style="text-indent: 36pt; font-weight: bold;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zb02b334b4e76449c8332200d415c6573" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 74%;">&#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-weight: bold;"> June 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">December 31, 2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; width: 74%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#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-weight: bold;">(unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</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: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 74%;">
            <div>ASSETS</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%;">
            <div>&#160;&#160;&#160;Cash and cash equivalents</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 10%;">
            <div>4,667,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 10%;">
            <div>7,229,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%;">
            <div>&#160;&#160;&#160;Receivables from clearing and other brokers</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>2,263,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>1,975,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%;">
            <div>&#160;&#160;&#160;Receivable from related party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 10%;">
            <div>1,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 10%;">
            <div>1,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%;">
            <div style="margin-left: 7.2pt;">Receivable from lessors</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>171,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%;">
            <div style="margin-left: 7.2pt;">Other receivables</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 10%;">
            <div>130,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 10%;">
            <div>151,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%;">
            <div style="margin-left: 7.2pt;">Prepaid expenses and other assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>748,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>470,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%;">
            <div style="margin-left: 7.2pt;">Furniture, equipment and leasehold improvements, net</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 10%;">
            <div>1,015,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 10%;">
            <div>468,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%;">
            <div style="margin-left: 7.2pt;">Software, net</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>1,498,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>1,137,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%;">
            <div style="margin-left: 7.2pt;">Lease right-of-use assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 10%;">
            <div>2,589,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 10%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%;">
            <div>&#160;&#160;&#160;Equity method investment in related party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>3,720,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%; padding-bottom: 2px;">
            <div>&#160;&#160;&#160;Deferred tax assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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; 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: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>5,074,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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; 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: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>5,576,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>22,704,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>18,177,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); 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: 74%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 74%;">
            <div>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 74%; background-color: rgb(204, 238, 255);">
            <div>Liabilities:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 74%;">
            <div>&#160;&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 10%;">
            <div>620,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; text-align: right; width: 10%;">
            <div>699,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%;">
            <div>&#160;&#160;Due to clearing brokers and related parties</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>17,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>133,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%;">
            <div>&#160;&#160;Lease incentive obligation</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>171,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%; padding-bottom: 2px;">
            <div>&#160;&#160;Lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>2,895,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>3,532,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>1,003,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 74%; background-color: rgb(255, 255, 255);">
            <div>Commitments and Contingencies</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 74%;">
            <div>Stockholders&#8217; equity:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%;">
            <div>&#160;&#160;Common stock, $.01 par value; 49,000,000 shares authorized, 27,157,188 shares</div>
            <div>&#160;&#160;issued and outstanding as of June 30, 2019 and December 31, 2018</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>271,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>271,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 74%;">
            <div>&#160;&#160;Additional paid-in capital</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%; padding-bottom: 2px;">
            <div>&#160;&#160;Retained earnings</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); 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: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>11,260,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="background-color: rgb(255, 255, 255); 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: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>9,262,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; 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: 74%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>19,172,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); 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: 10%;">
            <div>17,174,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255); width: 74%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(255, 255, 255); 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: 10%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="background-color: rgb(255, 255, 255); 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: 10%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; 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: 74%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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            <div>22,704,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>18,177,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman',Times,serif; text-align: center;">See notes to condensed consolidated financial statements.&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 1 -</font></div>
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    </div>
    &#160;
    <div style="text-align: justify; font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div style="text-align: justify; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<a name="OPERATIONS"><!--Anchor--></a></div>
    <div style="text-align: justify; font-weight: bold;">(unaudited)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zbc340914ac3444508539939809f0d482" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); 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-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#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-weight: bold;"> 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div>Revenue:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Margin interest, marketing and distribution fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,783,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,687,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,555,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,222,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;&#160;Commissions and fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>2,303,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>2,376,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>4,105,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>5,033,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;&#160;Principal transactions</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,766,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,263,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,438,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,204,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;&#160;Advisory fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>193,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>138,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>361,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>171,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;&#160;Interest</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>16,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>24,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>31,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>35,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 52%; background-color: rgb(255, 255, 255);">
            <div>Total Revenue</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>7,061,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>7,488,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>13,490,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>15,665,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div>Expenses:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Employee compensation and benefits</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,890,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,289,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,725,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>6,951,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Clearing fees, including execution costs</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>578,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>679,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>1,232,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>1,581,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Professional fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>447,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>487,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>949,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,095,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Other general and administrative</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>887,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>473,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>1,272,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>859,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Technology and communications</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>262,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>330,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>509,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>564,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Rent and occupancy</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>320,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>247,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>615,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>489,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Depreciation and amortization</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>251,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>26,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>426,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>50,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Advertising and promotion</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>21,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>34,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Total Expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,635,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,552,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>10,728,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>11,623,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Earnings of equity method investment in related</div>
            <div>&#160;&#160;party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>15,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>54,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="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="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: right; 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="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="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: right; 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="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="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: right; 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="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="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: bottom; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Income from before provision for income tax</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,441,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,936,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,816,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,042,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Provision for income tax</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>449,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>137,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>818,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>550,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: bottom; width: 52%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Net income</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>992,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</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>1,799,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,998,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</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>3,492,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Net income per share of common stock</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Basic and diluted</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>0.04</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>$</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>0.07</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>0.07</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>$</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>0.13</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div>Weighted average shares outstanding</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Basic and diluted</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">See notes to condensed consolidated financial statements.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 2 -</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="font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS&#8217; EQUITY<a name="EQUITY"><!--Anchor--></a></div>
    <div style="font-weight: bold;">(unaudited)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z58b46eebb54542cc99ae86bb11addb92" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 41%;">&#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-weight: bold;">Number of Shares</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">$.01 Par Value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Additional Paid-In Capital</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Retained Earnings </div>
            <div style="text-align: center; font-weight: bold;">/ (Accumulated Deficit)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 41%;">
            <div>Balance - December 31, 2017</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); 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: 9.08%;">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); vertical-align: bottom; width: 1.04%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%;">
            <div>271,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); vertical-align: bottom; width: 1.04%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%;">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%;">
            <div>(2,700,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); vertical-align: bottom; width: 1.04%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%;">
            <div>5,212,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 41%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;Net income</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="vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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: 1.04%; 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: 9.08%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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: 1.04%; 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: 9.08%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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: 1.04%; 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: 9.08%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>3,492,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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: 1.04%; 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: 9.08%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>3,492,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: rgb(204, 238, 255); width: 41%; padding-bottom: 4px;">
            <div>Balance - June 30, 2018</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double 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: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>271,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>793,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>8,705,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); 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: 41%; 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="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 41%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 41%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">Number of Shares</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">$.01 Par Value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">Additional Paid-In Capital</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">Retained Earnings</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 41%;">
            <div>Balance - December 31, 2018</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); 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: 9.08%;">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); vertical-align: bottom; width: 1.04%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%;">
            <div>271,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%;">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); vertical-align: bottom; width: 1.04%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%;">
            <div>9,262,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%;">
            <div>17,174,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 41%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;Net income</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="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">
            <div>1,998,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.04%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(255, 255, 255);">
            <div>1,998,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 41%; padding-bottom: 4px;">
            <div>Balance - June 30, 2019</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double 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: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>271,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>11,260,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1.04%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>19,172,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center;">See notes to condensed consolidated financial statements.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 3 -</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>&#160;</div>
    <div style="font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH<a name="CASH"><!--Anchor--></a> FLOWS</div>
    <div style="font-weight: bold;">(unaudited)</div>
    <table cellspacing="0" cellpadding="0" id="zebc6e84b674343cb93a1e4ddd195f656" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <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="6" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#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-weight: bold;"> 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div>Cash Flows From Operating Activities:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Net income</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,998,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,492,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div>Adjustments to reconcile net income to net cash provided by/(used in) operating activities:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;&#160;Deferred income tax expense</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>502,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Depreciation and amortization</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>426,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>50,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Earnings of equity method investment in related party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(54,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#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="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div>Changes in:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Securities owned, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>(329,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Receivables from clearing and other brokers</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(288,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(1,061,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Receivable from related party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>283,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Receivable from lessors</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>171,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Other receivables</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>21,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Prepaid expenses and other assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(278,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(198,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Accounts payable and accrued liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>(79,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>117,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Due to clearing brokers and related parties</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(116,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>202,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
            <div style="margin-left: 7.2pt;">Income tax payable</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; 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); 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>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>474,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 76%; background-color: rgb(204, 238, 255);">
            <div>Net cash provided by operating activities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,303,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,030,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#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="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div>Cash Flows From Investing Activities:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;&#160;Equity method investment in related party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>(3,665,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Purchase of furniture, equipment, and leasehold improvements</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(588,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(109,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Purchase of software</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>(612,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 76%; background-color: rgb(204, 238, 255);">
            <div>Net cash used in investing activities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(4,865,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(109,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</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="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div>Net (decrease) / increase in cash and cash equivalents</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(2,562,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,921,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
            <div style="margin-left: 7.2pt;">Cash and cash equivalents - beginning of period</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; 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); 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>7,229,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>3,765,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Cash and cash equivalents - end of period</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>4,667,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</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>6,686,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center;">See notes to condensed consolidated financial statements.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 4 -</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>&#160;</div>
    <div style="font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">NOTES<a name="NOTES"><!--Anchor--></a> TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">1. Organization and Basis of Presentation</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Organization</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 U.S. Securities
      and Exchange Commission (&#8220;SEC&#8221;) as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies, Inc. (&#8220;PWC&#8221;), a Texas corporation and
      licensed insurance agency. It also conducts operations through a fourth wholly-owned subsidiary, KCA Technologies, LLC. (&#8220;KCAT&#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of this Quarterly Report on
      Form 10-Q, 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. In addition, as reported in a current report on Form 8-K filed on
      July 19, 2019, the Company signed a binding letter of intent to purchase the remaining 85% of StockCross Financial Services, Inc. (&#8220;StockCross&#8221;). After the close of the transaction, which is pending regulatory approval, the Company will own 100% of
      StockCross.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has 12 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 can obtain copies of the Company&#8217;s public filings free of charge. The Company&#8217;s common stock (&#8220;Common Stock&#8221;), par value $.01 per share, trades on the Nasdaq
      Capital Market under the symbol &#8220;SIEB.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 three months ended and six months
      ended June 30, 2019 and 2018 were derived from its operations in the U.S.</div>
    <div style="text-align: justify;">&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Basis of Presentation</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Basis of Presentation</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (GAAP) for interim financial
      information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete annual financial statements. In the opinion of the Company&#8217;s
      management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results. Interim results are not necessarily indicative of
      the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto in the Company&#8217;s
      Annual Report on Form 10-K for the year ended December 31, 2018 (&#8220;2018 Form 10-K&#8221;). The condensed 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.</div>
    <div><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; font-style: italic;">Reclassifications</div>
      <div>&#160;</div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-indent: 36pt;">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 or total assets or total liabilities.</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Significant Accounting Policies</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company&#8217;s significant accounting policies are included in Note 2 in the Company&#8217;s 2018 Form 10-K. There have been no significant changes to these accounting policies for the six months ended June
      30, 2019 except as described in the sections &#8220;Equity Method Investment&#8221; and the &#8220;Note 2 &#8211; New Accounting Standards&#8221; below.</div>
    <div><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; font-style: italic;">Equity Method Investments</div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Investments in which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method of accounting and are included in the equity method
      investment in related party asset in the condensed consolidated statements of financial condition. Under this method of accounting, the Company&#8217;s share of the net earnings or losses of the investee is presented before the income before provision for
      income tax on the condensed consolidated statements of operations.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 5 -</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: justify; text-indent: 36pt;">The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an
      equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">2. New Accounting Standards</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Recently Adopted Accounting Pronouncements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">ASU 2016-02</font> &#8211; In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (&#8220;ASU&#8221;) 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 that requires a lessee to recognize a lease right-of-use asset and lease liability on the statement of
      financial condition 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 statement of operations. The new
      standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company adopted 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. As of June 30, 2019, the Company recognized lease right-of-use assets of approximately $2.6 million and corresponding lease liabilities of approximately $2.9 million. This accounting pronouncement had no material
      impact to the condensed consolidated statements of operations for the three months and six months ended June 30, 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The new standard provides a number of optional practical expedients in transition. The Company elected the &#8220;package of practical expedients,&#8221; which permits the Company not to reassess under the new
      standard the Company&#8217;s prior conclusions about lease identification, lease classification and initial direct costs. The Company has not elected the hindsight practical expedient at transition.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The new standard also provides practical expedients for an entity&#8217;s ongoing accounting. The Company elected the short-term lease recognition exemption for all leases that qualify. This means, for
      those leases that qualify, the Company will not recognize lease right-of-use assets or lease liabilities.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">ASU 2018-15</font> &#8211; In August 2018, the FASB issued ASU 2018-15, Intangibles&#8212;Goodwill and Other&#8212;Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for
      Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires customers to apply the same criteria for capitalizing implementation costs incurred in a cloud computing arrangement that is hosted by the
      vendor as they would for an arrangement that has a software license. The standard is effective for interim and annual periods beginning after December 15, 2019 and early adoption is permitted. The standard can be adopted prospectively or
      retrospectively. The Company is currently evaluating the expected impact of this new standard.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">3. Capital Requirements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">MSCO is subject to the SEC&#8217;s Uniform Net Capital Rule (Rule 15c3-1 or &#8220;Uniform Net Capital Rule&#8221;), which requires the maintenance of minimum net capital. MSCO has elected to use the alternative
      method, permitted by the Uniform Net Capital 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 Uniform Net
      Capital Rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital would be less than 5% of aggregate debits. As of June 30, 2019, MSCO had net capital of approximately $7.0 million, which was
      approximately $6.8 million in excess of required net capital of $250,000. As of December 31, 2018, MSCO had net capital of approximately $8.9 million, which was approximately $8.7 million in excess of required net capital of $250,000.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company&#8217;s cash and cash equivalents are unrestricted and are used to fund working capital needs. The Company&#8217;s total assets as of June 30, 2019 were approximately $22.7 million, of which $4.7
      million, or approximately 21%, is highly liquid. 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.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">4. Receivables from and Payable to Brokers, Dealers and Clearing Organizations</div>
    <div><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;">The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was considered uncollectable as of June 30, 2019 and the year ended December 31,
        2018. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 6 -</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><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the periods indicated:</div>
    <table cellspacing="0" cellpadding="0" id="z9ad3be53b9e740c9a7c63b8d709199f7" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); 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="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">June 30, 2019</div>
            <div style="text-align: center; font-weight: bold;">(unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">December 31, 2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div style="text-align: justify;">Receivables from clearing and other brokers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;&#160;National Financial Services (&#8220;NFS&#8221;)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,632,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,664,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#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;">&#160;&#160;StockCross</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; 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); 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>631,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>311,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify; font-weight: bold;">Total Receivables from clearing and other brokers</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">2,263,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">$</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 style="font-weight: bold;">1,975,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#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="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Receivable from related party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#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;">&#160;&#160;StockCross</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>1,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>$</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(255, 255, 255);">
            <div>1,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify; font-weight: bold;">Total Receivable from related party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">1,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">$</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 style="font-weight: bold;">1,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#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="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Due to clearing brokers and related parties</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;">&#160;&#160;PWC</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>15,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;&#160;MSCO</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>29,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;">&#160;&#160;StockCross</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>46,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">
            <div style="text-align: justify;">&#160;&#160;NFS</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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="text-align: right; 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="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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>58,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); 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-weight: bold;">Total Due to clearing brokers and related parties</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">17,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">$</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 style="font-weight: bold;">133,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">5. Leases</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. On January 1, 2019, the
      Company adopted ASU 2016-02, Leases (Topic 842)<font style="font-style: italic;">&#160;</font>and all subsequent ASUs that modified Topic 842. For the Company, Topic 842 affected the accounting treatment for operating lease agreements in which the Company
      is the lessee.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of June 30, 2019, the Company rents office space under operating leases expiring in 2019 through 2024, and the Company has no financing leases. The leases call for base rent plus escalations as
      well as other operating expenses. The following table represents the Company&#8217;s lease right-of-use assets and lease liabilities on the condensed consolidated statements of financial condition. The Company elected not to include short-term leases
      (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="za1a4e8aaee26459983bc17a67bc0abd3" style="width: 60%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">June 30, 2019</div>
            <div style="text-align: center; font-weight: bold;">(unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">December 31, 2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%;">
            <div style="text-align: justify;">Assets</div>
          </td>
          <td valign="bottom" colspan="3" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;&#160;Lease right-of-use assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);">
            <div>2,589,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;">Liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;&#160;Lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);">
            <div>2,895,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The calculated amount of the lease right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum
      lease payments. As of June 30, 2019, the Company does not believe that any of the renewal options under the existing leases are reasonably certain to be exercised; however, the Company will continue to assess and monitor the lease renewal options on
      an ongoing basis. The Company also leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this office equipment on the statement of operations rather than capitalizing them as
      lease right-of-use assets. The Company determined a discount rate of 5.0% would approximate the Company&#8217;s cost to obtain financing given its size, growth, and risk profile.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z1f9dd07551a94181a194e8b0b3482182" style="width: 80%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%;">
            <div style="font-weight: bold;">Lease Term and Discount Rate</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div>&#160;Weighted average remaining lease term &#8211; operating leases (in years)</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; 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: 12%;">
            <div>3.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div>&#160;Weighted average discount rate &#8211; operating leases</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="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: 12%; background-color: rgb(255, 255, 255);">
            <div>5.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>%</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 7 -</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;">The following table represents lease costs and other lease information. The Company elected to separate lease and non-lease components, and as such, the variable lease cost primarily represents
      variable payments such as common area maintenance and utilities.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z63753e2d6a9c446e92f0cebc7a9f84aa" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; 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="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 76%;">
            <div>&#160;Operating lease cost</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div>182,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div>330,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; 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>&#160;Short-term lease cost</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>120,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>240,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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>&#160;Variable lease cost</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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>18,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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>45,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; 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>&#160;Sublease income</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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%; padding-bottom: 4px;">
            <div>Total lease cost</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
            <div>320,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
            <div>$</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>615,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; 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="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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>Cash paid for amounts included in the measurement of lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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; 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>&#160;&#160;Operating cash flows from operating leases</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>207,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>$</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>357,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="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="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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; 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>Lease right-of-use assets obtained in exchange for new lease liabilities</div>
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          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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>&#160;&#160;Operating leases</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div>535,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;">
            <div>2,215,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Lease Commitments</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Future annual minimum payments for operating leases with initial terms of greater than one year as of June 30, 2019 were as follows:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z5a2788ec33664029ab48105a18f5375d" style="width: 70%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%;">
            <div style="font-weight: bold;">Year</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-weight: bold;">Amount</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%;">
            <div>&#160;&#160;2019</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;">
            <div>501,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;2020</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
            <div>942,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 85%;">
            <div>&#160;&#160;2021</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 12%;">
            <div>729,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;2022</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
            <div>489,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 85%;">
            <div>&#160;&#160;2023</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 12%;">
            <div>468,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;2024</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
            <div>39,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 85%; padding-bottom: 2px;">
            <div>&#160;Thereafter</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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; 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: 12%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255);">
            <div>Remaining balance of lease payments</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
            <div>3,168,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 85%; padding-bottom: 2px;">
            <div>&#160;&#160;Difference between undiscounted cash flows and</div>
            <div>&#160;&#160;discounted cash flows</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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); vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: middle; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>273,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); 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: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">Lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">2,895,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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;">Rent and related operating expenses were $320,000 and $247,000 for the three months ended June 30, 2019 and 2018, respectively. Rent and related operating expenses were $615,000 and $489,000 for the
      six months ended June 30, 2019 and 2018, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">&#160;<font style="font-weight: bold;">6. Equity Method Investments</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">In January 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. The
      Company&#8217;s ownership in StockCross is accounted for under the equity method of accounting.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">In determining whether the investment in StockCross should be accounted for under the equity method of accounting, the Company considered the guidance under <font style="font-style: italic;">ASC
        323, Investments &#8211; Equity Method and Joint Venture</font>s. Although the Company maintains approximately 15% ownership interest in StockCross, the Company evaluated the positive evidence related to criteria such as common representation on the
      board of directors, participation in policy-making processes, material intra-entity transactions, interchange of managerial personnel and technological interdependency of the Company and StockCross. Based on these criteria, the Company determined
      that it was able to exercise significant influence of StockCross, and therefore the equity method of accounting was used for this transaction.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Under the equity method, the Company recognizes its share of StockCross&#8217; earnings in the earnings of equity method investment in related party line item in the condensed consolidated statements of
      operations. The Company has elected to classify distributions received from equity method investees using the cumulative earnings approach. For the three months and six months ended June 30, 2019, the earnings recognized from the Company&#8217;s investment
      in StockCross was approximately $15,000 and $54,000, respectively. This investment is reported in the equity method investment in related party asset in the condensed consolidated statements of financial condition. As of June 30, 2019, the carrying
      amount of the investment in StockCross was approximately $3,720,000.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 8 -</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;">The Company evaluates its equity method investments for impairment when events or changes indicate the carrying value may not be recoverable. If the impairment is determined to be
      other-than-temporary, the Company will recognize an impairment loss equal to the difference between the expected realizable value and the carrying value of the investment. As of June 30, 2019, the fair value of the investment in StockCross is not
      estimated because there were no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment and thus, no impairment was recorded.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross for the period indicated (unaudited):</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z2d51a92d139b4b0fbb4843cf7d53cca0" style="width: 60%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 66%;">&#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-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">Six Months Ended June 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 66%;">
            <div>Revenue</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%;">
            <div>3,781,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%;">
            <div>7,795,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 66%; background-color: rgb(255, 255, 255);">
            <div>Gross profit</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255);">
            <div>273,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255);">
            <div>558,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 66%;">
            <div>Net income</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%;">
            <div>99,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%;">
            <div>345,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">7. Commitments, Contingencies, and Other</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Legal and Regulatory Matters</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">General Contingencies</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As part of this plan, the Company recognized expenses totaling $169,000 and $260,000 for the three months ended June 30, 2019 and 2018, respectively. The Company recognized expenses totaling $458,000
      and $500,000 for the six months ended June 30, 2019 and 2018, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company had an accrual of $62,000 as June 30, 2019, which represents the historical estimate of future claims to be recognized for claims incurred prior to the period.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 9 -</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: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">8. Revenue Recognition</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The primary sources of revenue for the Company are as follows: revenue from contracts with customers which includes commissions and fees, principal transactions, and advisory fees as well as other
      income which includes margin interest, marketing, and distribution fees. The recognition and measurement of revenue is based on the assessment of individual contract terms. The amount of revenue recognized by the Company is based on the consideration
      specified in contracts with its clients. The Company recognizes revenue when a performance obligation is satisfied over time as the services are performed or at a point in time depending on the nature of the services provided as further detailed
      below. 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. For the three months and six months ended June 30, 2019 and 2018, there
      were no costs capitalized related to obtaining or fulfilling a contract with a customer, and thus the Company has no balances for contract assets or contract liabilities.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Categorization of Revenue by Service</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following table presents the major revenue categories and when each category is recognized (unaudited):</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z19d231dbe6914c2abe5895bb983816d6" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top;">&#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-weight: bold;">Three Months Ended<br>
              June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; text-align: center;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Revenue Category</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-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Timing of Recognition</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div style="font-weight: bold;">Trading Execution and Clearing Services</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;&#160;Commissions and fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,303,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,376,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,105,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,033,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">Recorded trade date</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;&#160;Principal transactions</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>1,766,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>2,263,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>3,438,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>5,204,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;">Recorded trade date</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Advisory fees and additional income</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>209,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>162,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>392,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>206,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(255, 255, 255); text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">Other Income</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255);">
            <div>Margin interest, marketing and distribution fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(255, 255, 255); text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;&#160;Margin interest</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,037,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,876,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,103,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,511,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;&#160;12b1 fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>746,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>811,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>1,452,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div>1,711,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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" style="vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);">
            <div>&#160;Total Margin interest, marketing and distribution fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,783,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,687,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,555,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,222,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="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="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: right; 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="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="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: right; 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="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="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: right; 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="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="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255); text-align: center;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">Total Revenue</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">7,061,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">$</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 style="font-weight: bold;">7,488,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">13,490,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="font-weight: bold;">$</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 style="font-weight: bold;">15,665,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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" style="vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255); text-align: center;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following table presents each revenue category and its related performance obligation:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z5b8edd0195364dc398b52cfa2a28244d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 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>
    Disaggregation of Revenue &#8211; Legacy Siebert vs. StockCross Accounts
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the retail customer accounts that were originally part of Siebert (&#8220;Legacy Siebert&#8221;) vs. the retail
      customer accounts acquired from StockCross (&#8220;StockCross accounts&#8221;) (unaudited):</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc30dc285983245b69ab9ecde952d1e77" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: bottom;">
            <div style="text-align: justify;">&#160;&#160;</div>
          </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-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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: top;">
            <div style="text-align: center; font-weight: bold;">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#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: middle;">
            <div style="text-align: center; font-weight: bold;"> 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div style="font-weight: bold;">Revenue from Margin interest, marketing and distribution fees:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Margin interest, marketing and distribution&#160;fees &#8211;</div>
            <div>&#160;&#160;Legacy Siebert</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,440,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,312,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,885,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,640,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
            <div>&#160;&#160;Margin interest, marketing and distribution fees &#8211;</div>
            <div>&#160;&#160;StockCross accounts</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; 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); 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>343,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>375,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>670,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>582,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Total Revenue from Margin interest, marketing and distribution fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,783,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,687,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,555,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,222,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;">&#160;</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div style="text-align: justify; font-weight: bold;">Revenue from Commissions and fees:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;&#160;Commissions and fees &#8211; Legacy Siebert</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,981,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,026,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,499,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,964,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
            <div style="text-align: justify;">&#160;&#160;Commissions and fees &#8211; StockCross accounts</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; 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); 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>322,000</div>
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          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>350,000</div>
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          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>606,000</div>
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          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,069,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;Total Revenue from Commissions and fees</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,303,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,376,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,105,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,033,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div style="text-align: justify; font-weight: bold;">Revenue from Principal transactions:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;&#160;Principal transactions &#8211; Legacy Siebert</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>474,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>505,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>915,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,077,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
            <div style="text-align: justify;">&#160;&#160;Principal transactions &#8211; StockCross accounts</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; 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); 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>1,292,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,758,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>2,523,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>4,127,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Total Revenue from Principal transactions</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,766,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,263,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,438,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,204,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div style="text-align: justify; font-weight: bold;">Additional Revenue:</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;&#160;Advisory fees &#8211; Legacy Siebert</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>193,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>138,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>361,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>171,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;">&#160;&#160;Interest &#8211; Legacy Siebert</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>16,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>24,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>31,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>35,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify; font-weight: bold;">Total Revenue</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">7,061,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">$</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(255, 255, 255);">
            <div style="font-weight: bold;">7,488,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">13,490,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">$</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(255, 255, 255);">
            <div style="font-weight: bold;">15,665,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">9. Provision for Income Tax</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Provision for income tax consists of the following:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Current income tax expense, which represents the amount of federal tax and state and local tax currently payable, including interest and penalties and amounts accrued for unrecognized tax benefits,
      if any, and;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Deferred income tax, which represents the net change in the deferred tax assets balance during the year, including any change in the valuation allowance of the deferred tax assets, if any.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">There was no change in the valuation allowance of the deferred tax assets for the three and six months ended June 30, 2019 and 2018, respectively. As of June 30, 2019 and December 31, 2018, the
      Company had $348,000 and $79,000 of income taxes receivable, respectively, which are included in prepaid expenses and other assets on the condensed consolidated statements of financial condition. The following table presents the components of
      provision for income tax as of the periods indicated (unaudited):</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 11 -</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>
    <table cellspacing="0" cellpadding="0" id="zb2917aed328249f49f601239b3a0dc9d" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); 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: bottom;">
            <div style="text-align: center; font-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">
            <div style="text-align: center; font-weight: bold;">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;"> 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div>Current income tax expense / (benefit)<br>
            </div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" 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;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Federal</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(69,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">)</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>298,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>134,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>570,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
            <div style="margin-left: 7.2pt;">State</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; 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); 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>106,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>(161,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>182,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>(20,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>37,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>137,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>316,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>550,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Deferred income tax</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="margin-left: 7.2pt;">Federal</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>264,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>311,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">State</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>148,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>191,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 52%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>412,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>502,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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; width: 52%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">Total Provision for income tax</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">449,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">$</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 style="font-weight: bold;">137,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" 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: right; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">818,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">$</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 style="font-weight: bold;">550,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: italic;">Effective Tax Rate</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">For interim financial reporting, the Company estimates the effective tax rate for tax jurisdictions which is applied to the year to date income before provision for income tax. For the three months
      ended June 30, 2019 and 2018, the Company&#8217;s effective tax rate was 31% and 7%, respectively. For the six months ended June 30, 2019 and 2018, the Company&#8217;s effective tax rate was 29% and 14%, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of December 31, 2018, the Company recorded an income tax benefit related to the recognition of deferred tax assets of $5,576,000. The increase in the effective tax rate in 2019 was due to an
      increase in deferred income tax expense corresponding to the decrease in the deferred tax assets. Deferred income tax expense was $194,000 and $502,000 for the three months and six months ended June 30, 2019, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">10. Earnings Per Share</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Basic earnings per share is calculated by dividing net income by the weighted average of the number of outstanding common shares during the period. The Company had net income of $992,000 for the
      three months ended June 30, 2019 as compared to net income of $1,799,000 for the three months ended June 30, 2018. The Company had net income of $1,998,000 for the six months ended June 30, 2019 as compared to net income of $3,492,000 for the six
      months ended June 30, 2018.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">11. Related Party Disclosures</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">StockCross</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 and Jersey City offices and StockCross pays some vendors for
      miscellaneous expenses which it passes through to MSCO. As of June 30, 2019 and December 31, 2018, MSCO had receivables from StockCross totaling approximately $1.6 million and $1.3 million, respectively, consisting of financing for inventory
      positions, the net monthly clearing fees StockCross owes MSCO, and a clearing deposit. As of December 31, 2018, MSCO had a payable to StockCross totaling $46,000. In January 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding
      shares and in July 2019 the Company entered into a binding letter of intent to purchase the remaining 85% of StockCross. For the three months and six months ended June 30, 2019, the earnings recognized from the Company&#8217;s 15% investment in StockCross
      was approximately $15,000 and $54,000, respectively. <font style="font-style: italic;">Please see Item 4. Financial Statements and Supplementary Data &#8211; &#8220;Note 6 &#8211; Equity Method Investments&#8221; for additional detail on the transaction with StockCross.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">KCA</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 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><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">PWC</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was $35,000 and $64,000 for the three months and six months ended June 30, 2019, respectively. Revenue for
      PWC from related parties was $45,000 for the six months ended June 30, 2018.</div>
    <div style="text-align: justify;"><font style="font-weight: bold; font-style: italic;"> </font><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">12. Subsequent Events<br>
      </font><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;">As reported in a current report on Form 8-K filed on July 19, 2019, the Company signed a binding letter of intent to purchase the remaining 85% of StockCross. As of the date of the filing of this
        report, the Company has not finalized the terms of the transaction or incurred any acquisition-related expenses.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Other than the above, there have been no additional material subsequent events that have occurred during such period that would require disclosure in this report or would be required to be
        recognized in the financial statements as of June 30, 2019.</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 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>
    <div style="font-weight: bold;"> <br>
    </div>
    <div style="font-weight: bold;">ITEM 2. MANAGEMENT&#8217;S DISCUSSION<a name="DISCUSSION"><!--Anchor--></a> AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">Forward-Looking Statements</div>
    <div style="text-align: justify; text-indent: 36pt;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The statements contained in the following MD&amp;A and elsewhere throughout this Quarterly Report on Form 10-Q, including any documents incorporated by reference, that are not historical facts,
      including statements about our beliefs and expectations, are &#8220;forward-looking statements&#8221; within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. 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 addition, any statements that refer to expectations, projections, or other
      characterizations of future events or circumstances are forward-looking statements.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">These forward-looking statements, which reflect our management&#8217;s beliefs, objectives, and expectations as of the date hereof, are based on the best judgement of our management.&#160; All forward-looking
      statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated
      in such statements, including, without limitation, the following: 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; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans and other
      consequences associated with risks and uncertainties detailed in our filings with the SEC, including our most recent filings on Forms 10-K and 10-Q.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;The forward-looking statements contained in this report speak only as of the date on which the statements were made. We caution that the foregoing list of factors is not exclusive, and new factors
      may emerge, or changes to the foregoing factors may occur, that could impact our business. 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.</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">This discussion should be read in conjunction with our consolidated financial statements on our 2018 Form 10-K, and our condensed consolidated financial statements and the notes thereto contained
      elsewhere in this Quarterly Report on Form 10-Q.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Executive Overview</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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. 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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Significant Subsequent Event</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As reported in a current report on Form 8-K filed on July 19, 2019, the Company signed a binding letter of intent to purchase the remaining 85% of StockCross.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Client Account and Activity Metrics</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following tables set forth metrics we use in analyzing our client account and activity trends for the periods indicated:</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Client Account Metrics</div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z5f60cf6360034f9893f005424c7de855" style="width: 90%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 70%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">As of June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 70%;">&#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-weight: bold;"> 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 70%;">
            <div style="text-align: justify;">Retail customer net worth (in billions)</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; vertical-align: bottom; width: 1%;">$<br>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;">
            <div>11.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">$<br>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;">
            <div>11.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;">Retail customer margin debit balances (in billions)</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="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">$<br>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
            <div>0.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">$<br>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
            <div>0.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 70%;">
            <div style="text-align: justify;">Retail customer credit balances (in billions)</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; vertical-align: bottom; width: 1%;">$<br>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;">
            <div>0.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">$<br>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 12%;">
            <div>0.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 70%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;">Retail customer money market fund value (in billions)</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="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">$<br>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
            <div>0.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">$ <br>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
            <div>0.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 70%;">
            <div style="text-align: justify;">Retail customer accounts</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; 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: 12%;">
            <div>75,745</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; 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; 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: 12%;">
            <div>74,052</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 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>
      <table cellspacing="0" cellpadding="0" id="z3a68eeeed1c94085b84741b219be325f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt;"><font style="font-family: Times New Roman">&#9679;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer net worth represents the total value of securities and cash in the retail customer accounts before deducting margin debits.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z4824022b4a724d11bc2f2e6bcdd2cf8c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt;"><font style="font-family: Times New Roman">&#9679;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer margin debit balances represents credit extended to our customers to finance their purchases against current positions.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zc4c9415a42ff45ce87798259a6bf6303" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt;"><font style="font-family: Times New Roman">&#9679;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer credit balances represents client cash held in brokerage accounts.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z4b83a353a10844e387bd14fb37f88d3f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt;"><font style="font-family: Times New Roman">&#9679;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer money market fund value represents all retail customers accounts invested in money market funds.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z7c197919fbec4ef9a9c1ba47bbc4959c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt;"><font style="font-family: Times New Roman">&#9679;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">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.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Client Activity Metrics</div>
    <table cellspacing="0" cellpadding="0" id="za23f84c5f3c044a1a95bf4ff7636ebd1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" colspan="7" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="7" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold;">June 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; font-weight: bold;"> 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; font-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="3" style="vertical-align: top; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; font-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: #CCEEFF; width: 52%;">
            <div style="text-align: justify;">Total retail trades</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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>135,570</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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>84,271</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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>205,276</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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>180,490</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;">Average commission per retail trade</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>18.95</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>22.02</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; 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);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>18.95</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
            <div>22.62</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z15dad7b9ab6245dc9be59cf9e7612a01" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt;"><font style="font-family: Times New Roman">&#9679;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Total retail trades represents retail trades that generate commissions.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z01781d3186bf40f78c87249e020dc7c1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt;"><font style="font-family: Times New Roman">&#9679;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Average commission per retail trade represents the average commission generated for all types of retail customer trades.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Statements of Operations for the Three Months Ended June 30, 2019 and 2018</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Net Income</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Net income for the three months ended June 30, 2019 was $992,000, decreasing by $807,000 or 45% from the corresponding period in 2018, primarily due to a reduction in principal transactions and
      commission and fees revenues as a result of market volatility in the second quarter of 2019 as well as an increase in deferred income tax expense.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Revenue</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Total revenue for the three months ended June 30, 2019 was $7,061,000, decreasing by $427,000 or 6% from the corresponding period in 2018, primarily due to market volatility in the second quarter of
      2019 negatively impacting revenue from principal transactions as well as commission and fees.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Margin interest, marketing and distribution fees for the three months ended June 30, 2019 were $2,783,000, increasing by $96,000 or 4% from the corresponding period in 2018, primarily due to a slight
      rise in interest rates.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Commissions and fees for the three months ended June 30, 2019 were $2,303,000, decreasing by $73,000 or 3% from the corresponding period in 2018, primarily due to market volatility in the second
      quarter of 2019 negatively impacting overall demand for retail products.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Principal transactions for the three months ended June 30, 2019 were $1,766,000, decreasing by $497,000 or 22% from the corresponding period in 2018, primarily due to market volatility in the second
      quarter of 2019 negatively impacting overall demand for retail products.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Advisory fees for the three months ended June 30, 2019 were $193,000, increasing by $55,000 or 40% from the corresponding period in 2018, primarily due to overall expansion of the advisory business
      line which included revenue growth related to AdvisorNXT&#8217;s Robo-Advisor.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Interest for the three months ended June 30, 2019 were $16,000, decreasing by $8,000 or 33% from the corresponding period in 2018, primarily due to lower cash balances.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Operating Expenses</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Total expenses for the three months ended June 30, 2019 were $5,635,000, increasing by $83,000 or 1% from the corresponding period in 2018, primarily due to the increase in other general and
      administrative expenses related to the expansion of our Jersey City office and the establishment of our Miami office being mostly offset by the lower commission payouts, clearing fees and execution costs due to less commissions and fees and principal
      transactions revenues.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 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 style="text-align: justify; text-indent: 36pt;">Employee compensation and benefits for the three months ended June 30, 2019 were $2,890,000, decreasing by $399,000 or 12% from the corresponding period in 2018, primarily due to the decrease in
      employee commissions and related costs associated with the lower demand for retail products.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Clearing fees, including execution costs for the three months ended June 30, 2019 were $578,000, decreasing by $101,000 or 15% from the corresponding period in 2018, primarily due to the decrease in
      clearing and execution services associated with the lower level of overall demand for retail products.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Professional fees for the three months ended June 30, 2019 were $447,000, decreasing by $40,000 or 8% from the corresponding period in 2018, primarily due to a reduction in legal fees.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Other general and administrative expenses for the three months ended June 30, 2019 were $887,000, increasing by $414,000 or 88% from the corresponding period in 2018, primarily due to incremental
      office expenses related to the expansion of our Jersey City office and the establishment of our Miami office.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Technology and communications for the three months ended June 30, 2019 were $262,000, decreasing by $68,000 or 21% from the corresponding period in 2018, primarily due to a lower level of
      technological infrastructure expansion in 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Rent and occupancy expenses for the three months ended June 30, 2019 were $320,000, increasing by $73,000 or 30% from the corresponding period in 2018, primarily due to the increase in rent from our
      new office space in New Jersey.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Depreciation and amortization for the three months ended June 30, 2019 were $251,000, increasing by $225,000 or 865% from the corresponding period in 2018, primarily due to the depreciation and
      amortization of incremental leasehold improvements and software development assets.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Advertising and promotion expenses for the three months ended June 30, 2019 were $0, decreasing by $21,000 from the corresponding period in 2018, primarily due to the elimination of miscellaneous
      advertising costs.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Earnings of Equity Method Investment in Related Party</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Earnings of equity method investment in related party for the three months ended June 30, 2019 was $15,000, increasing by $15,000 from the corresponding period in 2018, due to the Company recognizing
      its proportional earnings&#160;from StockCross for the three months ended June 30, 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Provision for Income Tax</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Provision for income tax for the three months ended June 30, 2019 was $449,000, increasing by $312,000 or 228% from the corresponding period in 2018, primarily due to the increase in deferred income
      tax expense.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Statements of Operations for the Six Months Ended June 30, 2019 and 2018</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Net Income</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Net income for the six months ended June 30, 2019 was $1,988,000, decreasing by $1,494,000 or 43% from the corresponding period in 2018, primarily due to a reduction in principal transactions and
      commission and fees revenues as a result of market volatility in the second quarter of 2019 as well as an increase in deferred income tax expense.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Revenue</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Total revenue for the six months ended June 30, 2019 was $13,490,000, decreasing by $2,175,000 or 14% from the corresponding period in 2018, primarily due to market volatility in the second quarter
      of 2019 negatively impacting revenue from principal transactions as well as commission and fees.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Margin interest, marketing and distribution fees for the six months ended June 30, 2019 were $5,555,000, increasing by $333,000 or 6% from the corresponding period in 2018, primarily due to a slight
      rise in interest rates.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Commissions and fees for the six months ended June 30, 2019 were $4,105,000, decreasing by $928,000 or 18% from the corresponding period in 2018, primarily due to market volatility in the second
      quarter of 2019 negatively impacting overall demand for retail products.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 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;">Principal transactions for the six months ended June 30, 2019 were $3,438,000, decreasing by $1,766,000 or 34% from the corresponding period in 2018, primarily due to market volatility in the second
      quarter of 2019 negatively impacting overall demand for retail products.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Advisory fees for the six months ended June 30, 2019 were $361,000, increasing by $190,000 or 111% from the corresponding period in 2018, primarily due to overall expansion of the advisory business
      line which included revenue growth related to AdvisorNXT&#8217;s Robo-Advisor.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Interest for the six months ended June 30, 2019 were $31,000, decreasing by $4,000 or 11% from the corresponding period in 2018, primarily due to lower cash balances.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Operating Expenses</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Total expenses for the six months ended June 30, 2019 were $10,728,000, decreasing by $895,000 or 8% from the corresponding period in 2018, primarily due to the lower commission payouts, clearing
      fees and execution costs associated with less commissions and fees and principal transactions revenues, partially offset by the increase in other general and administrative expenses related to the expansion of our Jersey City office and the
      establishment of our Miami office.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Employee compensation and benefits for the six months ended June 30, 2019 were $5,725,000, decreasing by $1,226,000 or 18% from the corresponding period in 2018, primarily due to the decrease in
      employee commissions and related costs associated with the lower demand for retail products.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Clearing fees, including execution costs for the six months ended June 30, 2019 were $1,232,000, decreasing by $349,000 or 22% from the corresponding period in 2018, primarily due to the decrease in
      clearing and execution services associated with the lower level of overall demand for retail products.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Professional fees for the six months ended June 30, 2019 were $949,000, decreasing by $146,000 or 13% from the corresponding period in 2018, primarily due to a reduction in legal fees.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Other general and administrative expenses for the six months ended June 30, 2019 were $1,272,000, increasing by $413,000 or 48% from the corresponding period in 2018, primarily due to incremental
      office expenses related to the expansion of our Jersey City office and the establishment of our Miami office.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Technology and communications for the six months ended June 30, 2019 were $509,000, decreasing by $55,000 or 10% from the corresponding period in 2018, primarily due to a lower level of technological
      infrastructure expansion in 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Rent and occupancy expenses for the six months ended June 30, 2019 were $615,000, increasing by $126,000 or 26% from the corresponding period in 2018, primarily due to the increase in rent from our
      new office space in New Jersey.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Depreciation and amortization for the six months ended June 30, 2019 were $426,000, increasing by $376,000 or 752% from the corresponding period in 2018, primarily due to the depreciation and
      amortization of incremental leasehold improvements and software development assets.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Advertising and promotion expenses for the six months ended June 30, 2019 were $0, decreasing by $34,000 from the corresponding period in 2018, primarily due to the elimination of miscellaneous
      advertising costs.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Earnings of Equity Method Investment in Related Party</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Earnings of equity method investment in related party for the six months ended June 30, 2019 was $54,000, increasing by $54,000 from the corresponding period in 2018, due to the Company recognizing
      its proportional earnings&#160;from StockCross for the six months ended June 30, 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Provision for Income Tax</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Provision for income tax for the six months ended June 30, 2019 was $818,000, increasing by $268,000 or 49% from the corresponding period in 2018, primarily due to the increase in deferred income tax
      expense.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 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 style="text-align: justify; font-weight: bold;">Statements of Financial Condition as of June 30, 2019 and December 31, 2018</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Assets</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Assets as of June 30, 2019 were $22,704,000 and increased by $4,527,000 or 25% from assets as of December 31, 2018, primarily due to the lease right-of-use asset recorded per the new lease accounting
      guidance, the increase in furniture, equipment and leasehold improvements from the development of the New Jersey office, as well as incremental software development assets. In relation to the purchase of approximately 15% of StockCross&#8217; outstanding
      shares, there was an increase in equity method investment in related party asset of approximately $3.7 million and corresponding decrease in cash, with no net change to total assets.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Liabilities</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Liabilities as of June 30, 2019 were $3,532,000 and increased by $2,529,000 or 252% from liabilities as of December 31, 2018, primarily due to the lease liabilities recorded per the new lease
      accounting guidance, partially offset by a decrease in due to clearing brokers and related parties.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Liquidity and Capital Resources</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;&#160;&#160;&#160;&#160;Our cash and cash equivalents are unrestricted and are used to fund our working capital needs. Our total assets as of June 30, 2019 were approximately $22.7 million, of which $4.7 million, or
      approximately 21% consisted of cash and cash equivalents and were considered highly liquid. 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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 (Exchange Act Rule 15c3-1), 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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of June 30, 2019, MSCO had net capital of approximately $7.0 million, which was approximately $6.8 million in excess of required net capital of $250,000. As of December 31, 2018, MSCO had net
      capital of approximately $8.9 million, which was approximately $8.7 million in excess of its minimum capital requirement of $250,000.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Contractual Obligations</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Future annual minimum payments for operating leases with initial terms of greater than one year as of June 30, 2019 were as follows:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z7e0bf26799404ce889f05eac47519e53" style="width: 60%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%;">
            <div style="font-weight: bold;">Year</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-weight: bold;">Amount</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 82%;">
            <div>&#160;&#160;2019</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 15%;">
            <div>501,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;2020</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);">
            <div>942,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 82%;">
            <div>&#160;&#160;2021</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 15%;">
            <div>729,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;2022</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);">
            <div>489,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 82%;">
            <div>&#160;&#160;2023</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: #CCEEFF; 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: 15%;">
            <div>468,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%; background-color: rgb(255, 255, 255);">
            <div>&#160;&#160;2024</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(255, 255, 255);">
            <div>39,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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: 82%; padding-bottom: 2px;">
            <div>&#160;&#160;Thereafter</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; 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; 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: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 82%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">Remaining balance of lease payments</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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);">
            <div style="font-weight: bold;">$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="font-weight: bold;">3,168,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="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;">There have been no material changes in our contractual obligations outside the ordinary course of business since&#160;December 31, 2018.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 18 -</font></div>
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    </div>
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    <div style="font-weight: bold;">Off-Balance Sheet Arrangements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 in the last five years.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Critical Accounting Policies</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">On January 1, 2019, we adopted the new standard under ASU 2016-02, Leases (Topic 842), which requires lessees to recognize lease on-balance sheet and disclose key information about leasing
      arrangements. As of June 30, 2019, the Company recognized lease right-of-use assets of approximately $2.6 million and corresponding lease liabilities of approximately $2.9 million. This accounting pronouncement had no material impact to the condensed
      consolidated statements of operations for the three months and six months ended June 30, 2019. <font style="font-style: italic;">Please see Item 4. Financial Statements and Supplementary Data &#8211; &#8220;Note 5 &#8211; Leases&#8221; for additional detail.</font></div>
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">Certain of our accounting policies that involve a higher degree of judgment and complexity are discussed in <font style="font-style: italic;">Part&#160;II &#8211; Item&#160;7 &#8211; Management&#8217;s Discussion and Analysis
        of Financial Condition and Results of Operations &#8211; Critical Accounting Policies</font> in our&#160;2018&#160;Form&#160;10-K. Except as described above, there have been no changes to critical accounting estimates during the&#160;six months ended June 30, 2019.</div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 19 -</font></div>
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    <div style="font-weight: bold;">ITEM 3. QUANTITATIVE<a name="QUANTITATIVE"><!--Anchor--></a> AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</div>
    <div><br>
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    <div style="text-align: justify; font-weight: bold;">Financial Instruments Held For Trading Purposes</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Financial Instruments Held For Purposes Other Than Trading</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 customer obligations. We regularly monitor the activity in its 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 in the last five years.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 20 -</font></div>
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    <div style="font-weight: bold;">ITEM 4. CONTROLS<a name="CONTROLS"><!--Anchor--></a> AND PROCEDURES</div>
    <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;<br>
      Disclosure Controls and Procedures</div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;">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.</div>
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    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
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    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;">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 report, our disclosure controls
        and procedures were effective.</div>
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    <div style="background-color: #FFFFFF;">
      <div><br>
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    <div style="background-color: #FFFFFF;">
      <div><br>
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    <div style="text-align: justify; text-indent: 36pt;">No change in the Company&#8217;s internal control over financial reporting (as defined in Exchange Act Rule&#160;13a-15(f)) was identified during the end of the period covered by this report, that has
      materially affected, or is reasonably likely to materially affect, the Company&#8217;s internal control over financial reporting.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 21 -</font></div>
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    <div style="text-align: center; margin-left: 5.45pt; font-family: 'Times New Roman',serif; font-weight: bold;">PART II - OTHER<a name="OTHER"><!--Anchor--></a> INFORMATION</div>
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    <div>&#160;</div>
    <div style="font-weight: bold;">ITEM 1. LEGAL<a name="LEGAL"><!--Anchor--></a> PROCEEDINGS</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Company is party to certain claims, suits and complaints arising in the ordinary course of business. In the opinion of our management, all such matters are without merit, or involve amounts which
      would not have a significant effect on the financial position of the Company.</div>
    <div>&#160;</div>
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    <div style="font-weight: bold;">ITEM 1A. RISK<a name="RISK"><!--Anchor--></a> FACTORS</div>
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    <div style="text-align: justify; text-indent: 36pt;">In addition to the other information set forth in this report, investors should carefully consider the risk factors discussed in <font style="font-style: italic;">Part I - Item 1A - Risk Factors</font>,
      in our 2018 Form 10-K, which could materially affect our business, financial position, and results of operations. There have been no material changes from the risk factors disclosed in our 2018 Form 10-K other than the changes disclosed in our
      Quarterly Report on Form 10-Q for the period ending March 31, 2019.</div>
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    <div style="font-weight: bold;">ITEM 6. EXHIBITS<a name="EXHIBITS"><!--Anchor--></a></div>
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        <tr>
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            <div style="font-weight: bold;">Exhibit No.</div>
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            <div>&#160;</div>
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            <div style="font-weight: bold;">Description of Document</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div><a href="a52077151ex31_1.htm">31.1</a></div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div><a href="a52077151ex31_1.htm">Certification of Andrew H. Reich pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to
                Section 302 of the Sarbanes-Oxley Act of 2002.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div><a href="a52077151ex32_1.htm">32.1</a></div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div><a href="a52077151ex32_1.htm">Certification of Andrew H. Reich of Periodic Financial Report under Section 906 of the Sarbanes-Oxley Act of
                2002.</a></div>
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        </tr>
        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div>101.INS</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>XBRL Instance Document</div>
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        </tr>
        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div>101.SCH</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Schema</div>
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          <td style="width: 9.19%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div>101.CAL</div>
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          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Calculation Linkbase</div>
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          <td style="width: 9.19%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
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            <div>101.DEF</div>
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            <div>&#160;</div>
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            <div>XBRL Taxonomy Extension Definition Linkbase</div>
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          <td style="width: 9.19%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>&#160;</div>
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        <tr>
          <td style="width: 9.19%; vertical-align: middle;">
            <div>101.LAB</div>
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          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Label Linkbase</div>
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          <td style="width: 9.19%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
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          <td style="width: 9.19%; vertical-align: middle;">
            <div>101.PRE</div>
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          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 88.91%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Presentation Linkbase</div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 23 -</font></div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES<a name="SIGNATURES"><!--Anchor--></a></div>
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    <div style="text-align: justify;">&#160;&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</div>
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            <div>&#160;</div>
          </td>
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            <div>SIEBERT FINANCIAL CORP.</div>
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            <div>&#160;</div>
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        <tr>
          <td style="width: 50.39%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 4.04%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 40.59%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 4.97%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
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            <div>&#160;</div>
          </td>
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            <div>By:</div>
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            <div style="font-style: italic;">/s/ Andrew H. Reich</div>
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            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.39%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 4.04%; vertical-align: top;">
            <div>&#160;</div>
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          <td style="width: 40.59%; vertical-align: top;">
            <div>Andrew H. Reich</div>
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          <td style="width: 4.97%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.39%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 4.04%; vertical-align: top;">
            <div>&#160;</div>
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            <div>Executive Vice President, Chief Operating Officer, Chief Financial Officer, and Secretary</div>
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            <div>&#160;</div>
          </td>
        </tr>
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          <td style="width: 50.39%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 4.04%; vertical-align: top;">
            <div>&#160;</div>
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            <div>(Principal executive, financial and accounting officer)</div>
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          <td style="width: 4.97%; vertical-align: top;">
            <div>&#160;</div>
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        </tr>
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            <div>&#160;</div>
          </td>
          <td style="width: 4.04%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 40.59%; vertical-align: top;">
            <div>&#160;</div>
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          <td style="width: 4.97%; vertical-align: top;">
            <div>&#160;</div>
          </td>
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            <div>&#160;</div>
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            <div>Dated: August 14, 2019</div>
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<TYPE>EX-31.1
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<DESCRIPTION>EXHIBIT 31.1
<TEXT>
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      <div>&#160;</div>
      <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.8pt; font-weight: bold;">CERTIFICATION</div>
      <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.8pt; font-weight: bold;">PURSUANT TO EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a),</div>
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      <div style="text-align: justify; margin-left: 5.45pt;">I, Andrew H. Reich, certify that:</div>
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<DOCUMENT>
<TYPE>EX-32.1
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            <div>&#160;</div>
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          <td style="width: 50%; text-align: right;"><font style="font-weight: bold;">Exhibit 32.1</font><br>
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              <div style="text-align: center; font-weight: bold;">&#160;CERTIFICATION </div>
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              <div style="text-align: center; font-weight: bold;">&#160;PURSUANT TO 18 U.S.C. </div>
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    <us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="font-weight: bold"&gt;1. Organization and Basis of Presentation&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Organization&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;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&#13;      &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 AdvisorNXT, Inc. (&amp;#8220;AdvisorNXT&amp;#8221;), a New York corporation registered with the U.S. Securities&#13;      and Exchange Commission (&amp;#8220;SEC&amp;#8221;) as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies, Inc. (&amp;#8220;PWC&amp;#8221;), a Texas corporation and&#13;      licensed insurance agency. It also conducts operations through a fourth wholly-owned subsidiary, KCA Technologies, LLC. (&amp;#8220;KCAT&amp;#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of this Quarterly Report on&#13;      Form 10-Q, the terms &amp;#8220;Siebert,&amp;#8221; &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. In addition, as reported in a current report on Form 8-K filed on&#13;      July 19, 2019, the Company signed a binding letter of intent to purchase the remaining 85% of StockCross Financial Services, Inc. (&amp;#8220;StockCross&amp;#8221;). After the close of the transaction, which is pending regulatory approval, the Company will own 100% of&#13;      StockCross.&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;The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has 12 offices throughout the U.S. and clients around the world. The Company&amp;#8217;s SEC&#13;      filings are available through the Company&amp;#8217;s website at www.siebertnet.com, where investors can obtain copies of the Company&amp;#8217;s public filings free of charge. The Company&amp;#8217;s common stock (&amp;#8220;Common Stock&amp;#8221;), par value $.01 per share, trades on the Nasdaq&#13;      Capital Market under the symbol &amp;#8220;SIEB.&amp;#8221;&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;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 three months ended and six months&#13;      ended June 30, 2019 and 2018 were derived from its operations in the U.S.&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Basis of Presentation&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;Basis of Presentation&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;The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (GAAP) for interim financial&#13;      information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete annual financial statements. In the opinion of the Company&amp;#8217;s&#13;      management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results. Interim results are not necessarily indicative of&#13;      the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto in the Company&amp;#8217;s&#13;      Annual Report on Form 10-K for the year ended December 31, 2018 (&amp;#8220;2018 Form 10-K&amp;#8221;). The condensed consolidated financial statements include the accounts of Siebert and its wholly-owned subsidiaries and upon consolidation, all intercompany balances&#13;      and transactions are eliminated. The U.S. dollar is the functional currency of the Company.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; font-style: italic"&gt;Reclassifications&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-indent: 36pt"&gt;Certain prior period amounts have been reclassified to conform to the current year&amp;#8217;s presentation. These reclassifications have no effect on previously reported net income or total assets or total liabilities.&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Significant Accounting Policies&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;The Company&amp;#8217;s significant accounting policies are included in Note 2 in the Company&amp;#8217;s 2018 Form 10-K. There have been no significant changes to these accounting policies for the six months ended June&#13;      30, 2019 except as described in the sections &amp;#8220;Equity Method Investment&amp;#8221; and the &amp;#8220;Note 2 &amp;#8211; New Accounting Standards&amp;#8221; below.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; font-style: italic"&gt;Equity Method Investments&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Investments in which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method of accounting and are included in the equity method&#13;      investment in related party asset in the condensed consolidated statements of financial condition. Under this method of accounting, the Company&amp;#8217;s share of the net earnings or losses of the investee is presented before the income before provision for&#13;      income tax on the condensed consolidated statements of operations.&lt;/div&gt;&#13;    &lt;div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt"&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an&#13;      equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.&lt;/div&gt;&lt;/div&gt;</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
    <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;2. New Accounting Standards&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;Recently Adopted Accounting Pronouncements&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-style: italic"&gt;ASU 2016-02&lt;/font&gt; &amp;#8211; In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (&amp;#8220;ASU&amp;#8221;) 2016-02, which requires lessees to&#13;      recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard establishes a right-of-use model that requires a lessee to recognize a lease right-of-use asset and lease liability on the statement of&#13;      financial condition 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 statement of operations. The new&#13;      standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company adopted the new standard on its effective date. A modified retrospective transition approach is required, applying the new standard to all leases&#13;      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&#13;      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&#13;      periods before January 1, 2019. As of June 30, 2019, the Company recognized lease right-of-use assets of approximately $2.6 million and corresponding lease liabilities of approximately $2.9 million. This accounting pronouncement had no material&#13;      impact to the condensed consolidated statements of operations for the three months and six months ended June 30, 2019.&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;The new standard provides a number of optional practical expedients in transition. The Company elected the &amp;#8220;package of practical expedients,&amp;#8221; which permits the Company not to reassess under the new&#13;      standard the Company&amp;#8217;s prior conclusions about lease identification, lease classification and initial direct costs. The Company has not elected the hindsight practical expedient at transition.&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;The new standard also provides practical expedients for an entity&amp;#8217;s ongoing accounting. The Company elected the short-term lease recognition exemption for all leases that qualify. This means, for&#13;      those leases that qualify, the Company will not recognize lease right-of-use assets or lease liabilities.&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-style: italic"&gt;ASU 2018-15&lt;/font&gt; &amp;#8211; In August 2018, the FASB issued ASU 2018-15, Intangibles&amp;#8212;Goodwill and Other&amp;#8212;Internal-Use Software (Subtopic 350-40): Customer&amp;#8217;s Accounting for&#13;      Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires customers to apply the same criteria for capitalizing implementation costs incurred in a cloud computing arrangement that is hosted by the&#13;      vendor as they would for an arrangement that has a software license. The standard is effective for interim and annual periods beginning after December 15, 2019 and early adoption is permitted. The standard can be adopted prospectively or&#13;      retrospectively. The Company is currently evaluating the expected impact of this new standard.&lt;/div&gt;&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
    <us-gaap:BrokersAndDealersDisclosureTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;3. Capital Requirements&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;MSCO is subject to the SEC&amp;#8217;s Uniform Net Capital Rule (Rule 15c3-1 or &amp;#8220;Uniform Net Capital Rule&amp;#8221;), which requires the maintenance of minimum net capital. MSCO has elected to use the alternative&#13;      method, permitted by the Uniform Net Capital 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 Uniform Net&#13;      Capital Rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital would be less than 5% of aggregate debits. As of June 30, 2019, MSCO had net capital of approximately $7.0 million, which was&#13;      approximately $6.8 million in excess of required net capital of $250,000. As of December 31, 2018, MSCO had net capital of approximately $8.9 million, which was approximately $8.7 million in excess of required net capital of $250,000.&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;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 clears its customer transactions through one unaffiliated and one affiliated&#13;      clearing firm on a fully disclosed basis.&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;The Company&amp;#8217;s cash and cash equivalents are unrestricted and are used to fund working capital needs. The Company&amp;#8217;s total assets as of June 30, 2019 were approximately $22.7 million, of which $4.7&#13;      million, or approximately 21%, is highly liquid. The Company&amp;#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.&lt;/div&gt;&lt;/div&gt;</us-gaap:BrokersAndDealersDisclosureTextBlock>
    <us-gaap:DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="font-weight: bold"&gt;4. Receivables from and Payable to Brokers, Dealers and Clearing Organizations&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was considered uncollectable as of June 30, 2019 and the year ended December 31,&#13;        2018. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.&lt;/div&gt;&#13;      &lt;div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt"&gt;&#13;      &lt;/div&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: 36pt"&gt;Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the periods indicated:&lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z9ad3be53b9e740c9a7c63b8d709199f7" style="font: 10pt &amp;#38; text-align: left; color: rgb(0, 0, 0); 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="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;(unaudited)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;December 31, 2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;Receivables from clearing and other brokers&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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;National Financial Services (&amp;#8220;NFS&amp;#8221;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,632,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,664,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;631,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Total Receivables from clearing and other brokers&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;2,263,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;1,975,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;        &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; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Receivable from related party&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;/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(255, 255, 255)"&gt;&#13;            &lt;div&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Total Receivable from related party&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&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 style="font-weight: bold"&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;        &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; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Due to clearing brokers and related parties&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;PWC&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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;&#13;            &lt;div&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;15,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;MSCO&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;29,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;46,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;NFS&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; text-align: right; 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; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;58,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;/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; font-weight: bold"&gt;Total Due to clearing brokers and related parties&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;17,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;133,000&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure>
    <us-gaap:LesseeOperatingLeasesTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;5. Leases&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-indent: 36pt"&gt;A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. On January 1, 2019, the&#13;      Company adopted ASU 2016-02, Leases (Topic 842)&lt;font style="font-style: italic"&gt;&amp;#160;&lt;/font&gt;and all subsequent ASUs that modified Topic 842. For the Company, Topic 842 affected the accounting treatment for operating lease agreements in which the Company&#13;      is the lessee.&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;As of June 30, 2019, the Company rents office space under operating leases expiring in 2019 through 2024, and the Company has no financing leases. The leases call for base rent plus escalations as&#13;      well as other operating expenses. The following table represents the Company&amp;#8217;s lease right-of-use assets and lease liabilities on the condensed consolidated statements of financial condition. The Company elected not to include short-term leases&#13;      (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.&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="za1a4e8aaee26459983bc17a67bc0abd3" style="width: 60%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 70%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;(unaudited)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;December 31, 2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 70%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 70%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Lease right-of-use assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,589,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 70%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 70%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,895,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; 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;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The calculated amount of the lease right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum&#13;      lease payments. As of June 30, 2019, the Company does not believe that any of the renewal options under the existing leases are reasonably certain to be exercised; however, the Company will continue to assess and monitor the lease renewal options on&#13;      an ongoing basis. The Company also leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this office equipment on the statement of operations rather than capitalizing them as&#13;      lease right-of-use assets. The Company determined a discount rate of 5.0% would approximate the Company&amp;#8217;s cost to obtain financing given its size, growth, and risk profile.&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="z1f9dd07551a94181a194e8b0b3482182" style="width: 80%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Lease Term and Discount Rate&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: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div&gt;&amp;#160;Weighted average remaining lease term &amp;#8211; operating leases (in years)&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; 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: 12%"&gt;&#13;            &lt;div&gt;3.7&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Weighted average discount rate &amp;#8211; operating leases&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; vertical-align: 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: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;5.0&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&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;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table represents lease costs and other lease information. The Company elected to separate lease and non-lease components, and as such, the variable lease cost primarily represents&#13;      variable payments such as common area maintenance and utilities.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z63753e2d6a9c446e92f0cebc7a9f84aa" style="font: 10pt Times New Roman, Times, serif; text-align: left; color: #000000; 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="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;Six Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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&gt;&amp;#160;Operating lease cost&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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;182,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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;330,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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&gt;&amp;#160;Short-term lease cost&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;120,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;240,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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&gt;&amp;#160;Variable lease cost&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;18,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;45,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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&gt;&amp;#160;Sublease income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;Total lease cost&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&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;320,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&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;615,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 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(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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&gt;Cash paid for amounts included in the measurement of lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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&gt;&amp;#160;&amp;#160;Operating cash flows from operating leases&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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;&#13;            &lt;div&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;207,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&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;357,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; text-align: right; 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; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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&gt;Lease right-of-use assets obtained in exchange for new lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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&gt;&amp;#160;&amp;#160;Operating leases&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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;535,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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;2,215,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&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; font-style: italic"&gt;Lease Commitments&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;Future annual minimum payments for operating leases with initial terms of greater than one year as of June 30, 2019 were as follows:&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="z5a2788ec33664029ab48105a18f5375d" style="width: 70%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Year&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: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Amount&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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: 12%"&gt;&#13;            &lt;div&gt;501,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;942,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2021&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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: 12%"&gt;&#13;            &lt;div&gt;729,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2022&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;489,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2023&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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: 12%"&gt;&#13;            &lt;div&gt;468,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2024&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;39,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Thereafter&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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: 12%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;Remaining balance of lease payments&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;3,168,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Difference between undiscounted cash flows and&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;discounted cash flows&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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); 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: 12%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;273,000&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); 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: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;2,895,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;Rent and related operating expenses were $320,000 and $247,000 for the three months ended June 30, 2019 and 2018, respectively. Rent and related operating expenses were $615,000 and $489,000 for the&#13;      six months ended June 30, 2019 and 2018, respectively.&lt;/div&gt;</us-gaap:LesseeOperatingLeasesTextBlock>
    <us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font-weight: bold"&gt;6. Equity Method Investments&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;In January 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 per share price of approximately $3.97. The&#13;      Company&amp;#8217;s ownership in StockCross is accounted for under the equity method of accounting.&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;In determining whether the investment in StockCross should be accounted for under the equity method of accounting, the Company considered the guidance under &lt;font style="font-style: italic"&gt;ASC&#13;        323, Investments &amp;#8211; Equity Method and Joint Venture&lt;/font&gt;s. Although the Company maintains approximately 15% ownership interest in StockCross, the Company evaluated the positive evidence related to criteria such as common representation on the&#13;      board of directors, participation in policy-making processes, material intra-entity transactions, interchange of managerial personnel and technological interdependency of the Company and StockCross. Based on these criteria, the Company determined&#13;      that it was able to exercise significant influence of StockCross, and therefore the equity method of accounting was used for this transaction.&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;Under the equity method, the Company recognizes its share of StockCross&amp;#8217; earnings in the earnings of equity method investment in related party line item in the condensed consolidated statements of&#13;      operations. The Company has elected to classify distributions received from equity method investees using the cumulative earnings approach. For the three months and six months ended June 30, 2019, the earnings recognized from the Company&amp;#8217;s investment&#13;      in StockCross was approximately $15,000 and $54,000, respectively. This investment is reported in the equity method investment in related party asset in the condensed consolidated statements of financial condition. As of June 30, 2019, the carrying&#13;      amount of the investment in StockCross was approximately $3,720,000.&lt;/div&gt;&#13;    &lt;div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt"&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: 36pt"&gt;The Company evaluates its equity method investments for impairment when events or changes indicate the carrying value may not be recoverable. If the impairment is determined to be&#13;      other-than-temporary, the Company will recognize an impairment loss equal to the difference between the expected realizable value and the carrying value of the investment. As of June 30, 2019, the fair value of the investment in StockCross is not&#13;      estimated because there were no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment and thus, no impairment was recorded.&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;Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross for the period indicated (unaudited):&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="z2d51a92d139b4b0fbb4843cf7d53cca0" style="width: 60%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 66%"&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: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Six Months Ended June 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: rgb(204, 238, 255); width: 66%"&gt;&#13;            &lt;div&gt;Revenue&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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: 14%"&gt;&#13;            &lt;div&gt;3,781,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%"&gt;&#13;            &lt;div&gt;7,795,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 66%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;Gross profit&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;558,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 66%"&gt;&#13;            &lt;div&gt;Net income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&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: 14%"&gt;&#13;            &lt;div&gt;99,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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: 14%"&gt;&#13;            &lt;div&gt;345,000&lt;/div&gt;&#13;          &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;7. Commitments, Contingencies, and Other&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;Legal and Regulatory Matters&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;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&#13;      would not have a significant effect on the financial statements of the Company.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;General Contingencies&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;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&#13;      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&#13;      payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.&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;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&#13;      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&#13;      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&#13;      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&#13;      indemnifications.&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;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&#13;      $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&#13;      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&#13;      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.&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;As part of this plan, the Company recognized expenses totaling $169,000 and $260,000 for the three months ended June 30, 2019 and 2018, respectively. The Company recognized expenses totaling $458,000&#13;      and $500,000 for the six months ended June 30, 2019 and 2018, respectively.&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;The Company had an accrual of $62,000 as June 30, 2019, which represents the historical estimate of future claims to be recognized for claims incurred prior to the period.&lt;/div&gt;&#13;    &lt;div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt"&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;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&#13;      in excess of recorded reserves or in excess of its insurance limits.&lt;/div&gt;&#13;    &lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <us-gaap:RevenueFromContractWithCustomerTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="font-weight: bold"&gt;8. Revenue Recognition&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;The primary sources of revenue for the Company are as follows: revenue from contracts with customers which includes commissions and fees, principal transactions, and advisory fees as well as other&#13;      income which includes margin interest, marketing, and distribution fees. The recognition and measurement of revenue is based on the assessment of individual contract terms. The amount of revenue recognized by the Company is based on the consideration&#13;      specified in contracts with its clients. The Company recognizes revenue when a performance obligation is satisfied over time as the services are performed or at a point in time depending on the nature of the services provided as further detailed&#13;      below. 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&#13;      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 events. For the three months and six months ended June 30, 2019 and 2018, there&#13;      were no costs capitalized related to obtaining or fulfilling a contract with a customer, and thus the Company has no balances for contract assets or contract liabilities.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;Categorization of Revenue by Service&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;The following table presents the major revenue categories and when each category is recognized (unaudited):&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z19d231dbe6914c2abe5895bb983816d6" style="font: 10pt Times New Roman,Times,serif; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top"&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; font-weight: bold"&gt;Three Months Ended&lt;br /&gt;&#13;              June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;Six Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; text-align: center"&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: center; font-weight: bold"&gt;Revenue Category&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; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Timing of Recognition&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"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Trading Execution and Clearing Services&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: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;&amp;#160;Commissions and fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,376,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,105,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,033,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;&amp;#160;Principal transactions&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;$&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;1,766,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;2,263,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;$&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;3,438,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;5,204,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Advisory fees and additional income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;209,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;162,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;392,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;206,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded as earned&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: 26%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: bottom; 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: 26%; background-color: rgb(255, 255, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Other Income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;Margin interest, marketing and distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: bottom; 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: 26%; background-color: rgb(255, 255, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;&amp;#160;Margin interest&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,037,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,876,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,103,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,511,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded as earned&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: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;&amp;#160;12b1 fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;746,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;811,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;1,452,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;1,711,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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 style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded as earned&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: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Total Margin interest, marketing and distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,783,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,687,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,555,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,222,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center"&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: 26%; 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: right; 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; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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 style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Total Revenue&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;7,061,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;7,488,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&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 style="font-weight: bold"&gt;13,490,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;15,665,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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 style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255); text-align: center"&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;The following table presents each revenue category and its related performance obligation:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z5b8edd0195364dc398b52cfa2a28244d" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse; text-align: left; color: #000000"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Revenue Stream&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 50%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Performance Obligation&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;Commissions and fees, Principal transactions, Advisory fees and additional income&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;Provide security trading services to customer and act as agent&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;Margin interest, marketing and distribution fees&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;n/a&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 id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt"&gt;&#13;    &lt;/div&gt;&#13;    Disaggregation of Revenue &amp;#8211; Legacy Siebert vs. StockCross Accounts&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table presents a breakdown of the Company&amp;#8217;s revenue between the amounts attributed to the retail customer accounts that were originally part of Siebert (&amp;#8220;Legacy Siebert&amp;#8221;) vs. the retail&#13;      customer accounts acquired from StockCross (&amp;#8220;StockCross accounts&amp;#8221;) (unaudited):&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="zc30dc285983245b69ab9ecde952d1e77" style="font: 10pt Times New Roman,Times,serif; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: bottom"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;&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"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Six Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt; 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="font-weight: bold"&gt;Revenue from Margin interest, marketing and distribution fees:&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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution&amp;#160;fees &amp;#8211;&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,440,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,312,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,885,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,640,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees &amp;#8211;&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;StockCross accounts&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;343,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;375,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;670,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;582,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Revenue from Margin interest, marketing and distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,783,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,687,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,555,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,222,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 52%"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Revenue from Commissions and fees:&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,981,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,026,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,499,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,964,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; StockCross accounts&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;322,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;350,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;606,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;1,069,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;Total Revenue from Commissions and fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,376,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,105,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,033,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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: top; width: 52%"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Revenue from Principal transactions:&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;474,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;505,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;915,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,077,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; StockCross accounts&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;1,292,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;1,758,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;2,523,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;4,127,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Total Revenue from Principal transactions&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,766,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,263,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,438,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,204,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 52%"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Additional Revenue:&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Advisory fees &amp;#8211; Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;193,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;138,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;361,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;171,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Interest &amp;#8211; Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;16,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;24,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;31,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;35,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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; width: 52%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Total Revenue&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;7,061,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;7,488,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&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(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;13,490,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;15,665,000&lt;/div&gt;&#13;          &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:RevenueFromContractWithCustomerTextBlock>
    <us-gaap:EarningsPerShareTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;10. Earnings Per Share&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;Basic earnings per share is calculated by dividing net income by the weighted average of the number of outstanding common shares during the period. The Company had net income of $992,000 for the&#13;      three months ended June 30, 2019 as compared to net income of $1,799,000 for the three months ended June 30, 2018. The Company had net income of $1,998,000 for the six months ended June 30, 2019 as compared to net income of $3,492,000 for the six&#13;      months ended June 30, 2018.&lt;/div&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
    <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;11. Related Party Disclosures&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;StockCross&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;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&#13;      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 and Jersey City offices and StockCross pays some vendors for&#13;      miscellaneous expenses which it passes through to MSCO. As of June 30, 2019 and December 31, 2018, MSCO had receivables from StockCross totaling approximately $1.6 million and $1.3 million, respectively, consisting of financing for inventory&#13;      positions, the net monthly clearing fees StockCross owes MSCO, and a clearing deposit. As of December 31, 2018, MSCO had a payable to StockCross totaling $46,000. In January 2019, the Company purchased approximately 15% of StockCross&amp;#8217; outstanding&#13;      shares and in July 2019 the Company entered into a binding letter of intent to purchase the remaining 85% of StockCross. For the three months and six months ended June 30, 2019, the earnings recognized from the Company&amp;#8217;s 15% investment in StockCross&#13;      was approximately $15,000 and $54,000, respectively. &lt;font style="font-style: italic"&gt;Please see Item 4. Financial Statements and Supplementary Data &amp;#8211; &amp;#8220;Note 6 &amp;#8211; Equity Method Investments&amp;#8221; for additional detail on the transaction with&#13;        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; font-style: italic"&gt;KCA&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;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&#13;      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.&lt;/div&gt;&#13;    &lt;div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt"&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;PWC&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;PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was $35,000 and $64,000 for the three months and six months ended June 30, 2019, respectively. Revenue for&#13;      PWC from related parties was $45,000 for the six months ended June 30, 2018.&lt;/div&gt;&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
    <us-gaap:SubsequentEventsTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify"&gt;&lt;font style="font-weight: bold"&gt;12. Subsequent Events&lt;br /&gt;&#13;      &lt;/font&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;As reported in a current report on Form 8-K filed on July 19, 2019, the Company signed a binding letter of intent to purchase the remaining 85% of StockCross. As of the date of the filing of this&#13;        report, the Company has not finalized the terms of the transaction or incurred any acquisition-related expenses.&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;Other than the above, there have been no additional material subsequent events that have occurred during such period that would require disclosure in this report or would be required to be&#13;        recognized in the financial statements as of June 30, 2019.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SubsequentEventsTextBlock>
    <us-gaap:AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the periods indicated:&lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z9ad3be53b9e740c9a7c63b8d709199f7" style="font: 10pt &amp;#38; text-align: left; color: rgb(0, 0, 0); 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="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;(unaudited)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;December 31, 2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;Receivables from clearing and other brokers&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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;National Financial Services (&amp;#8220;NFS&amp;#8221;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,632,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,664,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;631,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Total Receivables from clearing and other brokers&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;2,263,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;1,975,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;        &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; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Receivable from related party&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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; width: 76%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;/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(255, 255, 255)"&gt;&#13;            &lt;div&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Total Receivable from related party&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&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 style="font-weight: bold"&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;        &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; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Due to clearing brokers and related parties&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;PWC&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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;&#13;            &lt;div&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;15,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;MSCO&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;29,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;46,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;NFS&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; text-align: right; 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; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;58,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;/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; font-weight: bold"&gt;Total Due to clearing brokers and related parties&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;17,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;133,000&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock>
    <SIEB:ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company elected not to include short-term leases&#13;      (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.&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="za1a4e8aaee26459983bc17a67bc0abd3" style="width: 60%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 70%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;(unaudited)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;December 31, 2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 70%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="3" style="vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 70%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Lease right-of-use assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,589,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 70%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 70%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,895,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; 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;br /&gt;&#13;    &lt;/div&gt;&lt;/div&gt;</SIEB:ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock>
    <SIEB:ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company determined a discount rate of 5.0% would approximate the Company&amp;#8217;s cost to obtain financing given its size, growth, and risk profile.&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="z1f9dd07551a94181a194e8b0b3482182" style="width: 80%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Lease Term and Discount Rate&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: middle"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div&gt;&amp;#160;Weighted average remaining lease term &amp;#8211; operating leases (in years)&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; 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: 12%"&gt;&#13;            &lt;div&gt;3.7&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Weighted average discount rate &amp;#8211; operating leases&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; vertical-align: 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: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;5.0&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&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;&lt;/div&gt;</SIEB:ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock>
    <us-gaap:LeaseCostTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table represents lease costs and other lease information. The Company elected to separate lease and non-lease components, and as such, the variable lease cost primarily represents&#13;      variable payments such as common area maintenance and utilities.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z63753e2d6a9c446e92f0cebc7a9f84aa" style="font: 10pt Times New Roman, Times, serif; text-align: left; color: #000000; 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="2" style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;Six Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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&gt;&amp;#160;Operating lease cost&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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;182,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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;330,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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&gt;&amp;#160;Short-term lease cost&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;120,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;240,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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&gt;&amp;#160;Variable lease cost&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;18,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;45,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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&gt;&amp;#160;Sublease income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;Total lease cost&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&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;320,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double"&gt;&#13;            &lt;div&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;615,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 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(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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&gt;Cash paid for amounts included in the measurement of lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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&gt;&amp;#160;&amp;#160;Operating cash flows from operating leases&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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;&#13;            &lt;div&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;207,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&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;357,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; text-align: right; 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; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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&gt;Lease right-of-use assets obtained in exchange for new lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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&gt;&amp;#160;&amp;#160;Operating leases&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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;535,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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;2,215,000&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:LeaseCostTableTextBlock>
    <us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Future annual minimum payments for operating leases with initial terms of greater than one year as of June 30, 2019 were as follows:&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="z5a2788ec33664029ab48105a18f5375d" style="width: 70%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 85%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Year&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: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Amount&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: rgb(204, 238, 255); width: 85%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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: 12%"&gt;&#13;            &lt;div&gt;501,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;942,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2021&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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: 12%"&gt;&#13;            &lt;div&gt;729,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2022&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;489,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2023&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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: 12%"&gt;&#13;            &lt;div&gt;468,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;2024&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;39,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Thereafter&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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: 12%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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: 85%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;Remaining balance of lease payments&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;3,168,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Difference between undiscounted cash flows and&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;discounted cash flows&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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); 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: 12%; border-bottom: rgb(0, 0, 0) 2px solid"&gt;&#13;            &lt;div&gt;273,000&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); 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: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;2,895,000&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
    <SIEB:ScheduleOfSupplementalOperationsInformationTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross for the period indicated (unaudited):&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="z2d51a92d139b4b0fbb4843cf7d53cca0" style="width: 60%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 66%"&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: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Six Months Ended June 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: rgb(204, 238, 255); width: 66%"&gt;&#13;            &lt;div&gt;Revenue&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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: 14%"&gt;&#13;            &lt;div&gt;3,781,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%"&gt;&#13;            &lt;div&gt;7,795,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 66%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;Gross profit&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;558,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 66%"&gt;&#13;            &lt;div&gt;Net income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&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: 14%"&gt;&#13;            &lt;div&gt;99,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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: 14%"&gt;&#13;            &lt;div&gt;345,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</SIEB:ScheduleOfSupplementalOperationsInformationTableTextBlock>
    <us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table presents the major revenue categories and when each category is recognized (unaudited):&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z19d231dbe6914c2abe5895bb983816d6" style="font: 10pt Times New Roman,Times,serif; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top"&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; font-weight: bold"&gt;Three Months Ended&lt;br /&gt;&#13;              June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;Six Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; text-align: center"&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: center; font-weight: bold"&gt;Revenue Category&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; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Timing of Recognition&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"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Trading Execution and Clearing Services&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: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;&amp;#160;Commissions and fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,376,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,105,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,033,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;&amp;#160;Principal transactions&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;$&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;1,766,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;2,263,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;$&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;3,438,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;5,204,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Advisory fees and additional income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;209,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;162,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;392,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;206,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded as earned&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: 26%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: bottom; 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: 26%; background-color: rgb(255, 255, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Other Income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;Margin interest, marketing and distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: bottom; 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: 26%; background-color: rgb(255, 255, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;&amp;#160;Margin interest&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,037,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,876,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,103,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,511,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded as earned&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: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;&amp;#160;12b1 fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;746,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;811,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;1,452,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;1,711,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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 style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;Recorded as earned&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: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Total Margin interest, marketing and distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,783,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,687,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,555,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,222,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center"&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: 26%; 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: right; 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; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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 style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255); text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&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: middle; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Total Revenue&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;7,061,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;7,488,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&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 style="font-weight: bold"&gt;13,490,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;15,665,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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 style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255); text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock>
    <SIEB:ScheduleOfPerformanceObligationTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table presents each revenue category and its related performance obligation:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z5b8edd0195364dc398b52cfa2a28244d" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse; text-align: left; color: #000000"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Revenue Stream&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 50%; vertical-align: top"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Performance Obligation&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;Commissions and fees, Principal transactions, Advisory fees and additional income&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;Provide security trading services to customer and act as agent&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;Margin interest, marketing and distribution fees&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;n/a&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</SIEB:ScheduleOfPerformanceObligationTableTextBlock>
    <us-gaap:DisaggregationOfRevenueTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table presents a breakdown of the Company&amp;#8217;s revenue between the amounts attributed to the retail customer accounts that were originally part of Siebert (&amp;#8220;Legacy Siebert&amp;#8221;) vs. the retail&#13;      customer accounts acquired from StockCross (&amp;#8220;StockCross accounts&amp;#8221;) (unaudited):&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="zc30dc285983245b69ab9ecde952d1e77" style="font: 10pt Times New Roman,Times,serif; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: bottom"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;&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"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Six Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt; 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="font-weight: bold"&gt;Revenue from Margin interest, marketing and distribution fees:&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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution&amp;#160;fees &amp;#8211;&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,440,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,312,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,885,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,640,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Margin interest, marketing and distribution fees &amp;#8211;&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;StockCross accounts&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;343,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;375,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;670,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;582,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Revenue from Margin interest, marketing and distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,783,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,687,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,555,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,222,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 52%"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Revenue from Commissions and fees:&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,981,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,026,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,499,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,964,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Commissions and fees &amp;#8211; StockCross accounts&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;322,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;350,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;606,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;1,069,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;Total Revenue from Commissions and fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,376,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,105,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,033,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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: top; width: 52%"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Revenue from Principal transactions:&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;474,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;505,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;915,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,077,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Principal transactions &amp;#8211; StockCross accounts&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;1,292,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;1,758,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;2,523,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;4,127,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Total Revenue from Principal transactions&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,766,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,263,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,438,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,204,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 52%"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Additional Revenue:&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Advisory fees &amp;#8211; Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;193,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;138,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;361,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;171,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;&amp;#160;Interest &amp;#8211; Legacy Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;16,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;24,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;31,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;35,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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; width: 52%; padding-bottom: 2px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Total Revenue&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;7,061,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;7,488,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&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(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;13,490,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;15,665,000&lt;/div&gt;&#13;          &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DisaggregationOfRevenueTableTextBlock>
    <us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;Basis of Presentation&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;Basis of Presentation&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;The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (GAAP) for interim financial&#13;      information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete annual financial statements. In the opinion of the Company&amp;#8217;s&#13;      management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results. Interim results are not necessarily indicative of&#13;      the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto in the Company&amp;#8217;s&#13;      Annual Report on Form 10-K for the year ended December 31, 2018 (&amp;#8220;2018 Form 10-K&amp;#8221;). The condensed consolidated financial statements include the accounts of Siebert and its wholly-owned subsidiaries and upon consolidation, all intercompany balances&#13;      and transactions are eliminated. The U.S. dollar is the functional currency of the Company.&lt;/div&gt;&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
    <us-gaap:Reclassifications contextRef="From2019-01-01to2019-06-30">&lt;div style="background-color: #FFFFFF"&gt;&lt;div style="text-align: justify; font-style: italic"&gt;Reclassifications&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-indent: 36pt"&gt;Certain prior period amounts have been reclassified to conform to the current year&amp;#8217;s presentation. These reclassifications have no effect on previously reported net income or total assets or total liabilities.&lt;/div&gt;&#13;    &lt;/div&gt;</us-gaap:Reclassifications>
    <us-gaap:EquityMethodInvestmentsPolicy contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="background-color: #FFFFFF"&gt;&#13;      &lt;div style="text-align: justify; font-style: italic"&gt;Equity Method Investments&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Investments in which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method of accounting and are included in the equity method&#13;      investment in related party asset in the condensed consolidated statements of financial condition. Under this method of accounting, the Company&amp;#8217;s share of the net earnings or losses of the investee is presented before the income before provision for&#13;      income tax on the condensed consolidated statements of operations.&lt;/div&gt;&#13;    &lt;div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt"&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an&#13;      equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.&lt;/div&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsPolicy>
    <SIEB:PercentageOfRemainingInterestInEquityMethodInvestmentPurchased contextRef="AsOf2019-07-19_us-gaap_SubsequentEventMember" unitRef="Pure" decimals="INF">0.85</SIEB:PercentageOfRemainingInterestInEquityMethodInvestmentPurchased>
    <us-gaap:IncomeTaxesReceivable contextRef="AsOf2018-12-31" unitRef="USD" decimals="0">79000</us-gaap:IncomeTaxesReceivable>
    <us-gaap:IncomeTaxesReceivable contextRef="AsOf2019-06-30" unitRef="USD" decimals="0">348000</us-gaap:IncomeTaxesReceivable>
    <us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;9. Provision for Income Tax&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;Provision for income tax consists of the following:&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;Current income tax expense, which represents the amount of federal tax and state and local tax currently payable, including interest and penalties and amounts accrued for unrecognized tax benefits,&#13;      if any, and;&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;Deferred income tax, which represents the net change in the deferred tax assets balance during the year, including any change in the valuation allowance of the deferred tax assets, if any.&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;There was no change in the valuation allowance of the deferred tax assets for the three and six months ended June 30, 2019 and 2018, respectively. As of June 30, 2019 and December 31, 2018, the&#13;      Company had $348,000 and $79,000 of income taxes receivable, respectively, which are included in prepaid expenses and other assets on the condensed consolidated statements of financial condition. The following table presents the components of&#13;      provision for income tax as of the periods indicated (unaudited):&lt;/div&gt;&#13;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="zb2917aed328249f49f601239b3a0dc9d" style="font: 10pt Times New Roman,Times,serif; text-align: left; color: rgb(0, 0, 0); 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: bottom"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;Six Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt; 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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&gt;Current income tax expense / (benefit)&lt;br /&gt;&#13;            &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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="margin-left: 7.2pt"&gt;Federal&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;(69,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;)&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;298,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;134,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;570,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="margin-left: 7.2pt"&gt;State&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;106,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;(161,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;182,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;(20,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;/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: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;37,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;137,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;316,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;550,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Deferred income tax&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="margin-left: 7.2pt"&gt;Federal&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;264,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="margin-left: 7.2pt"&gt;State&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;148,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;191,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;412,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;502,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; 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: right; 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; 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; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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; width: 52%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Total Provision for income tax&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;449,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;137,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;$&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 style="font-weight: bold"&gt;818,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;550,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-style: italic"&gt;Effective Tax Rate&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;For interim financial reporting, the Company estimates the effective tax rate for tax jurisdictions which is applied to the year to date income before provision for income tax. For the three months&#13;      ended June 30, 2019 and 2018, the Company&amp;#8217;s effective tax rate was 31% and 7%, respectively. For the six months ended June 30, 2019 and 2018, the Company&amp;#8217;s effective tax rate was 29% and 14%, respectively.&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;As of December 31, 2018, the Company recorded an income tax benefit related to the recognition of deferred tax assets of $5,576,000. The increase in the effective tax rate in 2019 was due to an&#13;      increase in deferred income tax expense corresponding to the decrease in the deferred tax assets. Deferred income tax expense was $194,000 and $502,000 for the three months and six months ended June 30, 2019, respectively.&lt;/div&gt;&#13;    &lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="From2019-01-01to2019-06-30">&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table presents the components of&#13;      provision for income tax as of the periods indicated (unaudited):&lt;/div&gt;&#13;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="zb2917aed328249f49f601239b3a0dc9d" style="font: 10pt Times New Roman,Times,serif; text-align: left; color: rgb(0, 0, 0); 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: bottom"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;Six Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;June 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt; 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; font-weight: bold"&gt;2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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&gt;Current income tax expense / (benefit)&lt;br /&gt;&#13;            &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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="margin-left: 7.2pt"&gt;Federal&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;(69,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;)&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;298,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;134,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div&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(204, 238, 255)"&gt;&#13;            &lt;div&gt;570,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px"&gt;&#13;            &lt;div style="margin-left: 7.2pt"&gt;State&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;106,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;(161,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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;182,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;(20,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;/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: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;37,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;137,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;316,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;550,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; vertical-align: 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: right; vertical-align: 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; 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; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Deferred income tax&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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: right; 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; 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; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="margin-left: 7.2pt"&gt;Federal&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;264,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="margin-left: 7.2pt"&gt;State&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;148,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;191,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; 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;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;412,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;502,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: 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: right; vertical-align: 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; 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: right; 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; 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; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; 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; white-space: nowrap; 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; width: 52%; padding-bottom: 4px; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Total Provision for income tax&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)"&gt;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;449,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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;&#13;            &lt;div style="font-weight: bold"&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 style="font-weight: bold"&gt;137,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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	  <link:definition>00000043 - Disclosure - Related Party Disclosures (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://siebertnet.com/role/SubsequentEventsDetails" id="SubsequentEventsDetails">
	  <link:definition>00000044 - Disclosure - Subsequent Events (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:linkbaseRef xlink:type="simple" xlink:href="sieb-20190630_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="sieb-20190630_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="sieb-20190630_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Calculation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="sieb-20190630_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2019-01-31" schemaLocation="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd" />
    <import namespace="http://fasb.org/us-gaap/2019-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd" />
    <import namespace="http://fasb.org/us-types/2019-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2017-01-31" schemaLocation="https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd" />
    <import namespace="http://fasb.org/srt/2019-01-31" schemaLocation="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd" />
    <import namespace="http://fasb.org/srt-types/2019-01-31" schemaLocation="http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd" />
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    <element id="SIEB_RevenueFromCommissionsAndFees" name="RevenueFromCommissionsAndFees" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_ReceivableFromLessors" name="ReceivableFromLessors" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" name="RevenueFromMarginInterestMarketingAndDistributionFees" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_NetCapitalInExcessOfMinimumRequirement" name="NetCapitalInExcessOfMinimumRequirement" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_DueFromNFS" name="DueFromNFS" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_DueFromStockcross" name="DueFromStockcross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" name="ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_DueToCorrespondentPWC" name="DueToCorrespondentPWC" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_DueToCorrespondentStockCross" name="DueToCorrespondentStockCross" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_DueToCorrespondentNFS" name="DueToCorrespondentNFS" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_PercentageOutstandingSharesInEntity" name="PercentageOutstandingSharesInEntity" nillable="true" xbrli:periodType="duration" type="num:percentItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_HealthClaimReinsuranceLimitPerEmployee" name="HealthClaimReinsuranceLimitPerEmployee" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_ExpenseForSelfInsuranceClaims" name="ExpenseForSelfInsuranceClaims" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_AdvisoryFeesAndAdditionalIncome" name="AdvisoryFeesAndAdditionalIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_MarginInterestIncome" name="MarginInterestIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_TwelveB1FeesRevenue" name="TwelveB1FeesRevenue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
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    <element id="SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" name="ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock" name="ScheduleOfSupplementalOperationsInformationTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_ScheduleOfPerformanceObligationTableTextBlock" name="ScheduleOfPerformanceObligationTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased" name="PercentageOfRemainingInterestInEquityMethodInvestmentPurchased" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_StockCrossMember" name="StockCrossMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_PrincipalTransactionsMember" name="PrincipalTransactionsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_LegacySiebertMember" name="LegacySiebertMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
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    <element id="SIEB_KennedyCabotAcquisitionMember" name="KennedyCabotAcquisitionMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_RussellUSIndexesMember" name="RussellUSIndexesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
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    <element id="SIEB_MSCOMember" name="MSCOMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_SaltLakeCityUtahMember" name="SaltLakeCityUtahMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_ProductOrServiceMember" name="ProductOrServiceMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_ProductOrServiceOneMember" name="ProductOrServiceOneMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_PWCMember" name="PWCMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_DocumentAndEntityInformationAbstract" name="DocumentAndEntityInformationAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
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    <element id="SIEB_ReceivableFromLandlord" name="ReceivableFromLandlord" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
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    <element id="SIEB_MarginInterestMarketingAndDistributionFeesAbstract" name="MarginInterestMarketingAndDistributionFeesAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="SIEB_LesseeLeaseTypeAxis" name="LesseeLeaseTypeAxis" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>6
<FILENAME>sieb-20190630_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoXBRL; Version: 5.0b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: SIEB 0619 10Q.xfr; Date: 2019%2D08%2D13T22:23:02Z -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x80020000 -->
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    <link:roleRef roleURI="http://siebertnet.com/role/StatementsOfFinancialCondition" xlink:href="sieb-20190630.xsd#StatementsOfFinancialCondition" xlink:type="simple" />
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    <link:roleRef roleURI="http://siebertnet.com/role/ConsolidatedStatementOfChangesInStockholdersEquity" xlink:href="sieb-20190630.xsd#ConsolidatedStatementOfChangesInStockholdersEquity" xlink:type="simple" />
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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>8
<FILENAME>sieb-20190630_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
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      <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>
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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>
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      <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>
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      <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/2019/dei-2019-01-31.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/2019/dei-2019-01-31.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/2019/dei-2019-01-31.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/2019/dei-2019-01-31.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/2019/dei-2019-01-31.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>
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      <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/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
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      <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/2019/dei-2019-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
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      <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/2019/dei-2019-01-31.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/2019/dei-2019-01-31.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/2019/dei-2019-01-31.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Entity Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.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/2019/dei-2019-01-31.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">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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>
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      <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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
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      <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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" />
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      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_ReceivableFromLessors" xlink:label="SIEB_ReceivableFromLessors" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets" />
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      <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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TaxesPayableCurrentAndNoncurrent" xlink:label="us-gaap_TaxesPayableCurrentAndNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxesPayableCurrentAndNoncurrent" xlink:to="us-gaap_TaxesPayableCurrentAndNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TaxesPayableCurrentAndNoncurrent_lbl" xml:lang="en-US">Income tax payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiability" xlink:label="us-gaap_OperatingLeaseLiability" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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 June 30, 2019 and December 31, 2018</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="arc" />
      <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</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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">Total stockholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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">Total 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="arc" />
      <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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl" xlink:type="arc" />
      <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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" xlink:type="arc" />
      <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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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-20190630.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-20190630.xsd#SIEB_RevenueFromCommissionsAndFees" xlink:label="SIEB_RevenueFromCommissionsAndFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromCommissionsAndFees" xlink:to="SIEB_RevenueFromCommissionsAndFees_lbl" xlink:type="arc" />
      <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/2019/elts/us-gaap-2019-01-31.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-20190630.xsd#SIEB_AdvisoryFeesRevenue" xlink:label="SIEB_AdvisoryFeesRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesRevenue" xlink:to="SIEB_AdvisoryFeesRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_AdvisoryFeesRevenue_lbl" xml:lang="en-US">Advisory fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense" xlink:label="us-gaap_OtherGeneralAndAdministrativeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherGeneralAndAdministrativeExpense" xlink:to="us-gaap_OtherGeneralAndAdministrativeExpense_lbl" xlink:type="arc" />
      <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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology" xlink:label="us-gaap_CommunicationsAndInformationTechnology" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommunicationsAndInformationTechnology" xlink:to="us-gaap_CommunicationsAndInformationTechnology_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommunicationsAndInformationTechnology_lbl" xml:lang="en-US">Technology and communications</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OccupancyNet" xlink:label="us-gaap_OccupancyNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OccupancyNet" xlink:to="us-gaap_OccupancyNet_lbl" xlink:type="arc" />
      <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>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl" xlink:type="arc" />
      <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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MarketingAndAdvertisingExpense" xlink:label="us-gaap_MarketingAndAdvertisingExpense" />
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      <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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US">Earnings of equity method investment in related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US">Income from before provision for income tax</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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">Provision for income tax</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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-20190630.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <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/2019/elts/us-gaap-2019-01-31.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/(used in) operating activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl" xml:lang="en-US">Deferred income tax expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_2_lbl" xml:lang="en-US">Earnings of equity method investment in related party</link:label>
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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>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInSecuritiesBorrowed_lbl" xml:lang="en-US">Securities owned, at fair value</link:label>
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDueFromRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedParties" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInReceivables" xlink:label="us-gaap_IncreaseDecreaseInReceivables" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BrokersAndDealersDisclosureTextBlock" xlink:label="us-gaap_BrokersAndDealersDisclosureTextBlock" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_KennedyCabotAcquisitionMember" xlink:to="SIEB_KennedyCabotAcquisitionMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_KennedyCabotAcquisitionMember_lbl" xml:lang="en-US">Kennedy Cabot Acquisition [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" xlink:to="us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_lbl" xml:lang="en-US">Value of issued and outstanding membership interests</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased" xlink:label="SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased" xlink:to="SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased_lbl" xml:lang="en-US">Percentage of remaining interest in StockCross purchased under binding letter of intent</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_NetCapital" xlink:label="srt_NetCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_NetCapital" xlink:to="srt_NetCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_NetCapital_lbl" xml:lang="en-US">Net capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" xlink:label="srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" xlink:to="srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl" xml:lang="en-US">Minimum net capital required</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.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/2019/elts/us-gaap-2019-01-31.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-20190630.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">National Financial Services ("NFS")</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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-20190630.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-20190630.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/2019/elts/us-gaap-2019-01-31.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-20190630.xsd#SIEB_DueToCorrespondentPWC" xlink:label="SIEB_DueToCorrespondentPWC" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentPWC" xlink:to="SIEB_DueToCorrespondentPWC_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueToCorrespondentPWC_lbl" xml:lang="en-US">PWC</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_DueToCorrespondentKCA" xlink:label="SIEB_DueToCorrespondentKCA" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentKCA" xlink:to="SIEB_DueToCorrespondentKCA_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueToCorrespondentKCA_lbl" xml:lang="en-US">KCA</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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:loc xlink:type="locator" xlink:href="sieb-20190630.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="sieb-20190630.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/label" xlink:label="SIEB_DueToCorrespondentNFS_lbl" xml:lang="en-US">NFS</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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeDisclosureAbstract" xlink:label="us-gaap_LesseeDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeDisclosureAbstract" xlink:to="us-gaap_LesseeDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeDisclosureAbstract_lbl" xml:lang="en-US">Lessee Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesRentExpenseNet" xlink:label="us-gaap_OperatingLeasesRentExpenseNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseNet" xlink:to="us-gaap_OperatingLeasesRentExpenseNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesRentExpenseNet_lbl" xml:lang="en-US">Rent and related operating expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermLeaseCommitmentAmount" xlink:label="us-gaap_ShortTermLeaseCommitmentAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermLeaseCommitmentAmount" xlink:to="us-gaap_ShortTermLeaseCommitmentAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermLeaseCommitmentAmount_lbl" xml:lang="en-US">Total commitment of lease</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseRenewalTerm" xlink:label="us-gaap_LesseeOperatingLeaseRenewalTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseRenewalTerm" xlink:to="us-gaap_LesseeOperatingLeaseRenewalTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseRenewalTerm_lbl" xml:lang="en-US">Lease renewal term</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetsAbstract_2_lbl" xml:lang="en-US">Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilitiesAbstract_2_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US">Weighted average remaining lease term - Operating leases (in years)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US">Weighted average remaining lease term - Finance leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US">Weighted average discount rate - Operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US">Weighted average discount rate - Finance leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseDescriptionAbstract" xlink:label="us-gaap_LesseeOperatingLeaseDescriptionAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseDescriptionAbstract" xlink:to="us-gaap_LesseeOperatingLeaseDescriptionAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseDescriptionAbstract_lbl" xml:lang="en-US">Operating lease</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseCost" xlink:label="us-gaap_OperatingLeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseCost" xlink:to="us-gaap_OperatingLeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseCost_lbl" xml:lang="en-US">Operating lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermLeaseCost" xlink:label="us-gaap_ShortTermLeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermLeaseCost" xlink:to="us-gaap_ShortTermLeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermLeaseCost_lbl" xml:lang="en-US">Short-term lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableLeaseCost" xlink:label="us-gaap_VariableLeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableLeaseCost" xlink:to="us-gaap_VariableLeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableLeaseCost_lbl" xml:lang="en-US">Variable lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubleaseIncome" xlink:label="us-gaap_SubleaseIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubleaseIncome" xlink:to="us-gaap_SubleaseIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubleaseIncome_lbl" xml:lang="en-US">Sublease income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseCost" xlink:label="us-gaap_LeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCost" xlink:to="us-gaap_LeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LeaseCost_lbl" xml:lang="en-US">Total lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract" xlink:label="SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract" xlink:to="SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract_lbl" xml:lang="en-US">Cash paid for amounts included in the measurement of lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasePayments" xlink:label="us-gaap_OperatingLeasePayments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasePayments" xlink:to="us-gaap_OperatingLeasePayments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasePayments_lbl" xml:lang="en-US">Operating cash flows from operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesRentExpenseAbstract" xlink:label="us-gaap_OperatingLeasesRentExpenseAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseAbstract" xlink:to="us-gaap_OperatingLeasesRentExpenseAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesRentExpenseAbstract_lbl" xml:lang="en-US">Lease right-of-use assets obtained in exchange for new lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:to="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xml:lang="en-US">Lease right-of-use assets obtained in exchange for new lease liabilities - operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" xml:lang="en-US">2019</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xml:lang="en-US">2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xml:lang="en-US">2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xml:lang="en-US">2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl" xml:lang="en-US">2023</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl" xml:lang="en-US">2024</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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">Thereafter</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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">Remaining balance of lease payments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:label="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US">Difference between undiscounted cash flows and discounted cash flows</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_PercentageOutstandingSharesInEntity" xlink:label="SIEB_PercentageOutstandingSharesInEntity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOutstandingSharesInEntity" xlink:to="SIEB_PercentageOutstandingSharesInEntity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PercentageOutstandingSharesInEntity_lbl" xml:lang="en-US">Percentage of outstanding shares purchased by company</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_2_lbl" xml:lang="en-US">Shares purchased</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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">Per share price</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_3_lbl" xml:lang="en-US">Earnings of equity method investment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:to="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_2_lbl" xml:lang="en-US">Investment in related party</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:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GrossProfit" xlink:label="us-gaap_GrossProfit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GrossProfit" xlink:to="us-gaap_GrossProfit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GrossProfit_lbl" xml:lang="en-US">Gross profit</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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-20190630.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-20190630.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-20190630.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/2019/elts/us-gaap-2019-01-31.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="sieb-20190630.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-20190630.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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndOtherIncomeAbstract" xlink:label="us-gaap_InterestAndOtherIncomeAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndOtherIncomeAbstract" xlink:to="us-gaap_InterestAndOtherIncomeAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndOtherIncomeAbstract_lbl" xml:lang="en-US">Other Income</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.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-20190630.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-20190630.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>
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      <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 Margin interest, marketing and distribution fees</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="srt_ProductOrServiceAxis_2_lbl" xml:lang="en-US">Product and Service [Axis]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueStreamDescriptionOfGoodOrService" xlink:to="SIEB_RevenueStreamDescriptionOfGoodOrService_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RevenueStreamDescriptionOfGoodOrService_lbl" xml:lang="en-US">Revenue Stream</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService" xlink:label="us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService" xlink:to="us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService_lbl" xml:lang="en-US">Performance Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueTable" xlink:label="us-gaap_DisaggregationOfRevenueTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisaggregationOfRevenueTable" xlink:to="us-gaap_DisaggregationOfRevenueTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisaggregationOfRevenueTable_lbl" xml:lang="en-US">Disaggregation of Revenue [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueLineItems" xlink:label="us-gaap_DisaggregationOfRevenueLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisaggregationOfRevenueLineItems" xlink:to="us-gaap_DisaggregationOfRevenueLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisaggregationOfRevenueLineItems_lbl" xml:lang="en-US">Disaggregation of Revenue [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrincipalTransactionsRevenue" xlink:to="us-gaap_PrincipalTransactionsRevenue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PrincipalTransactionsRevenue_2_lbl" xml:lang="en-US">Total Revenue from Principal transactions</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/verboseLabel" xlink:label="SIEB_RevenueFromCommissionsAndFees_2_lbl" xml:lang="en-US">Total Revenue from Commissions and fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees" xlink:to="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_RevenueFromMarginInterestMarketingAndDistributionFees_3_lbl" xml:lang="en-US">Total 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_AdvisoryFeesRevenue" xlink:to="SIEB_AdvisoryFeesRevenue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_AdvisoryFeesRevenue_2_lbl" xml:lang="en-US">Total Revenue from Advisory fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestAndDividendIncomeOperating_2_lbl" xml:lang="en-US">Total Revenue from Interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_Revenues_3_lbl" xml:lang="en-US">Total Revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:to="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xml:lang="en-US">Effective tax rate from continuing operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="us-gaap_DeferredTaxAssetsGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGross" xlink:to="us-gaap_DeferredTaxAssetsGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xml:lang="en-US">Deferred tax asset</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US">Deferred income tax</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesReceivable" xlink:label="us-gaap_IncomeTaxesReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesReceivable" xlink:to="us-gaap_IncomeTaxesReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxesReceivable_lbl" xml:lang="en-US">Income tax receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract" xlink:to="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xml:lang="en-US">Current income tax expense/(benefit)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalTaxExpenseBenefit" xlink:to="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:type="arc" />
      <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>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:type="arc" />
      <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</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US">Current income tax expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract" xlink:to="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xml:lang="en-US">Deferred income tax</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <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>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" />
      <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</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit_2_lbl" xml:lang="en-US">Deferred income tax</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 provision for income tax</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</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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/2019/elts/us-gaap-2019-01-31.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:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:to="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xml:lang="en-US">Percentage of purchase outstanding shares of StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyCosts" xlink:label="us-gaap_RelatedPartyCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyCosts" xlink:to="us-gaap_RelatedPartyCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyCosts_lbl" xml:lang="en-US">Related party expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_PayableToStockCross" xlink:label="SIEB_PayableToStockCross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PayableToStockCross" xlink:to="SIEB_PayableToStockCross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PayableToStockCross_lbl" xml:lang="en-US">Payable to StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="us-gaap_SubsequentEventTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_SubsequentEventTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTable_lbl" xml:lang="en-US">Subsequent Event [Table]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="us-gaap_SubsequentEventLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xml:lang="en-US">Subsequent Event [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AdvisoryFeesRevenue" xlink:to="SIEB_AdvisoryFeesRevenue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AdvisoryFeesRevenue_doc" xml:lang="en-US">Advisory fees revenue.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_AssetsAcquiredFromStockCrossMember" xlink:label="SIEB_AssetsAcquiredFromStockCrossMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AssetsAcquiredFromStockCrossMember" xlink:to="SIEB_AssetsAcquiredFromStockCrossMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AssetsAcquiredFromStockCrossMember_doc" xml:lang="en-US">Assets acquired from StockCross [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CommissionsAndFeesMember" xlink:to="SIEB_CommissionsAndFeesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CommissionsAndFeesMember_doc" xml:lang="en-US">Commissions and fees [Member]</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_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_MarginInterestMarketingAndDistributionFeesMember" xlink:to="SIEB_MarginInterestMarketingAndDistributionFeesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MarginInterestMarketingAndDistributionFeesMember_doc" xml:lang="en-US">Margin interest, marketing and distribution fees [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_NetOperatingLossCarryforwardMember" xlink:label="SIEB_NetOperatingLossCarryforwardMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NetOperatingLossCarryforwardMember" xlink:to="SIEB_NetOperatingLossCarryforwardMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NetOperatingLossCarryforwardMember_doc" xml:lang="en-US">Net Operating Loss Carryforward [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_NonStockCrossMember" xlink:label="SIEB_NonStockCrossMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NonStockCrossMember" xlink:to="SIEB_NonStockCrossMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NonStockCrossMember_doc" xml:lang="en-US">Non StockCross [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PrincipalTransactionsMember" xlink:to="SIEB_PrincipalTransactionsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PrincipalTransactionsMember_doc" xml:lang="en-US">Commissions and fees [Member]</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:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_RussellUSIndexesMember" xlink:label="SIEB_RussellUSIndexesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RussellUSIndexesMember" xlink:to="SIEB_RussellUSIndexesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RussellUSIndexesMember_doc" xml:lang="en-US">Russell US Indexes [Member]</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_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_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_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_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_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_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="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_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_DueToCorrespondentKCA" xlink:to="SIEB_DueToCorrespondentKCA_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueToCorrespondentKCA_doc" xml:lang="en-US">Amount payable to correspondent KCA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock" xlink:to="SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of supplemental balance sheet information related to leases.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" xlink:to="SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of additional information related to leases.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_LesseeLeaseTypeAxis" xlink:label="SIEB_LesseeLeaseTypeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_LesseeLeaseTypeAxis" xlink:to="SIEB_LesseeLeaseTypeAxis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_LesseeLeaseTypeAxis_doc" xml:lang="en-US">Lessee Lease Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20190630.xsd#SIEB_SaltLakeCityUtahMember" xlink:label="SIEB_SaltLakeCityUtahMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SaltLakeCityUtahMember" xlink:to="SIEB_SaltLakeCityUtahMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_SaltLakeCityUtahMember_doc" xml:lang="en-US">Salt Lake City, Utah [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock" xlink:to="SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfSupplementalOperationsInformationTableTextBlock_doc" xml:lang="en-US">Supplemental operations information.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOutstandingSharesInEntity" xlink:to="SIEB_PercentageOutstandingSharesInEntity_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PercentageOutstandingSharesInEntity_doc" xml:lang="en-US">Percentage of outstanding shares purchased by company.</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_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_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_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_RevenueStreamDescriptionOfGoodOrService" xlink:to="SIEB_RevenueStreamDescriptionOfGoodOrService_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueStreamDescriptionOfGoodOrService_doc" xml:lang="en-US">Description of good or service to be transferred in contract with customer. Includes, but is not limited to, arrangement for another party to transfer good or service to customer.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProductOrServiceMember" xlink:to="SIEB_ProductOrServiceMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ProductOrServiceMember_doc" xml:lang="en-US">One [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProductOrServiceOneMember" xlink:to="SIEB_ProductOrServiceOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ProductOrServiceOneMember_doc" xml:lang="en-US">Two [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossAccountsMember" xlink:to="SIEB_StockCrossAccountsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockCrossAccountsMember_doc" xml:lang="en-US">StockCross accounts [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_LegacySiebertMember" xlink:to="SIEB_LegacySiebertMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_LegacySiebertMember_doc" xml:lang="en-US">Legacy Siebert [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfPerformanceObligationTableTextBlock" xlink:to="SIEB_ScheduleOfPerformanceObligationTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfPerformanceObligationTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of performance obligation.</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_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_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_PayableToStockCross" xlink:to="SIEB_PayableToStockCross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PayableToStockCross_doc" xml:lang="en-US">Payable to StockCross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToCorrespondentPWC" xlink:to="SIEB_DueToCorrespondentPWC_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueToCorrespondentPWC_doc" xml:lang="en-US">Amount payable to correspondent PWC.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased" xlink:to="SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased_doc" xml:lang="en-US">Percentage of remaining interest in StockCross purchased under binding letter of intent.</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</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_ProfitLoss" xlink:to="us-gaap_ProfitLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfitLoss_2_lbl" xml:lang="en-US">Net Income (Loss), Including Portion Attributable to 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>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_2_lbl" xml:lang="en-US">Increase (Decrease) in Deferred Income Taxes</link:label>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>9
<FILENAME>sieb-20190630_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6873779760">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information - shares<br></strong></div></th>
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</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_AmendmentFlag">
<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>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</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>
</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_CurrentFiscalYearEndDate">
<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>
</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:gMonthDayItemType</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_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>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</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>
</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_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>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</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_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_EntityExTransitionPeriod">
<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 an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.</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 Securities Act<br> -Number 7A<br> -Section B<br> -Subsection 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_EntityExTransitionPeriod</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: Large Accelerated Filer, Accelerated Filer, Non-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_EntityInteractiveDataCurrent">
<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>Boolean flag that is true when the registrant has submitted electronically 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).</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 S-T<br> -Number 232<br> -Section 405<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_EntityInteractiveDataCurrent</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_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>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</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 (SRC).</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>
</div>
</body>
</html>
</TEXT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6873516912">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<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_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">$ 4,667,000<span></span>
</td>
<td class="nump">$ 7,229,000<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">2,263,000<span></span>
</td>
<td class="nump">1,975,000<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">1,000,000<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="text"> <span></span>
</td>
<td class="nump">171,000<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_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">130,000<span></span>
</td>
<td class="nump">151,000<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_PrepaidExpenseAndOtherAssets', window );">Prepaid expenses and other assets</a></td>
<td class="nump">748,000<span></span>
</td>
<td class="nump">470,000<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">1,015,000<span></span>
</td>
<td class="nump">468,000<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_IntangibleAssetsNetExcludingGoodwill', window );">Software, net</a></td>
<td class="nump">1,498,000<span></span>
</td>
<td class="nump">1,137,000<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_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="nump">2,589,000<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_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Equity method investment in related party</a></td>
<td class="nump">3,720,000<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_DeferredTaxAssetsLiabilitiesNetNoncurrent', window );">Deferred tax assets</a></td>
<td class="nump">5,074,000<span></span>
</td>
<td class="nump">5,576,000<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_Assets', window );">Total assets</a></td>
<td class="nump">22,704,000<span></span>
</td>
<td class="nump">18,177,000<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">620,000<span></span>
</td>
<td class="nump">699,000<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_DueToRelatedPartiesCurrentAndNoncurrent', window );">Due to clearing brokers and related parties</a></td>
<td class="nump">17,000<span></span>
</td>
<td class="nump">133,000<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_LeaseIncentivePayableCurrentAndNoncurrent', window );">Lease incentive obligation</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">171,000<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_OperatingLeaseLiability', window );">Lease liabilities</a></td>
<td class="nump">2,895,000<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_Liabilities', window );">Total liabilities</a></td>
<td class="nump">3,532,000<span></span>
</td>
<td class="nump">1,003,000<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, $.01 par value; 49,000,000 shares authorized, 27,157,188 shares issued and outstanding as of June 30, 2019 and December 31, 2018</a></td>
<td class="nump">271,000<span></span>
</td>
<td class="nump">271,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="nump">7,641,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">11,260,000<span></span>
</td>
<td class="nump">9,262,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total stockholders' equity</a></td>
<td class="nump">19,172,000<span></span>
</td>
<td class="nump">17,174,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and stockholders' equity</a></td>
<td class="nump">$ 22,704,000<span></span>
</td>
<td class="nump">$ 18,177,000<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=119400593&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=119400593&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=118932676&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=118951113&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=119400593&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=118942415&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/otherTransitionRef<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=116821951&amp;loc=d3e31917-109318<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<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><br>Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef<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=116821951&amp;loc=d3e31931-109318<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=119400593&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=119400593&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_IntangibleAssetsNetExcludingGoodwill">
<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 of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.</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),(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<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 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6388964&amp;loc=d3e16212-109274<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_IntangibleAssetsNetExcludingGoodwill</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_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">
<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 investment in equity method investee and investment in and advance to affiliate.</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 210.5-02.12)<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_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures</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=119400593&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>
<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_Liabilities">
<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>
</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><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>
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<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=119400593&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>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</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 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<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_OperatingLeaseLiability</td>
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</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 lessee's right to use underlying asset under operating lease.</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 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<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_OperatingLeaseRightOfUseAsset</td>
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<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_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>
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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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<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_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>
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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=119400593&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>
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<tr>
<td><strong> Balance Type:</strong></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_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=118952595&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>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></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 );">- 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=119400593&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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<td><strong> Data Type:</strong></td>
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<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>
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<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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<td>instant</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 );">- 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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</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6646208496">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<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_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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<html>
<head>
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<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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6875983296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenue:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Margin interest, marketing and distribution fees</a></td>
<td class="nump">$ 2,783,000<span></span>
</td>
<td class="nump">$ 2,687,000<span></span>
</td>
<td class="nump">$ 5,555,000<span></span>
</td>
<td class="nump">$ 5,222,000<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">2,303,000<span></span>
</td>
<td class="nump">2,376,000<span></span>
</td>
<td class="nump">4,105,000<span></span>
</td>
<td class="nump">5,033,000<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">1,766,000<span></span>
</td>
<td class="nump">2,263,000<span></span>
</td>
<td class="nump">3,438,000<span></span>
</td>
<td class="nump">5,204,000<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_AdvisoryFeesRevenue', window );">Advisory fees</a></td>
<td class="nump">193,000<span></span>
</td>
<td class="nump">138,000<span></span>
</td>
<td class="nump">361,000<span></span>
</td>
<td class="nump">171,000<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">16,000<span></span>
</td>
<td class="nump">24,000<span></span>
</td>
<td class="nump">31,000<span></span>
</td>
<td class="nump">35,000<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">7,061,000<span></span>
</td>
<td class="nump">7,488,000<span></span>
</td>
<td class="nump">13,490,000<span></span>
</td>
<td class="nump">15,665,000<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>
<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">2,890,000<span></span>
</td>
<td class="nump">3,289,000<span></span>
</td>
<td class="nump">5,725,000<span></span>
</td>
<td class="nump">6,951,000<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">578,000<span></span>
</td>
<td class="nump">679,000<span></span>
</td>
<td class="nump">1,232,000<span></span>
</td>
<td class="nump">1,581,000<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">447,000<span></span>
</td>
<td class="nump">487,000<span></span>
</td>
<td class="nump">949,000<span></span>
</td>
<td class="nump">1,095,000<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">887,000<span></span>
</td>
<td class="nump">473,000<span></span>
</td>
<td class="nump">1,272,000<span></span>
</td>
<td class="nump">859,000<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">262,000<span></span>
</td>
<td class="nump">330,000<span></span>
</td>
<td class="nump">509,000<span></span>
</td>
<td class="nump">564,000<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">320,000<span></span>
</td>
<td class="nump">247,000<span></span>
</td>
<td class="nump">615,000<span></span>
</td>
<td class="nump">489,000<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">251,000<span></span>
</td>
<td class="nump">26,000<span></span>
</td>
<td class="nump">426,000<span></span>
</td>
<td class="nump">50,000<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="text"> <span></span>
</td>
<td class="nump">21,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">34,000<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">5,635,000<span></span>
</td>
<td class="nump">5,552,000<span></span>
</td>
<td class="nump">10,728,000<span></span>
</td>
<td class="nump">11,623,000<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_IncomeLossFromEquityMethodInvestments', window );">Earnings of equity method investment in related party</a></td>
<td class="nump">15,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">54,000<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_ProfitLoss', window );">Income from before provision for income tax</a></td>
<td class="nump">1,441,000<span></span>
</td>
<td class="nump">1,936,000<span></span>
</td>
<td class="nump">2,816,000<span></span>
</td>
<td class="nump">4,042,000<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_IncomeTaxExpenseBenefit', window );">Provision for income tax</a></td>
<td class="nump">449,000<span></span>
</td>
<td class="nump">137,000<span></span>
</td>
<td class="nump">818,000<span></span>
</td>
<td class="nump">550,000<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_NetIncomeLoss', window );">Net Income</a></td>
<td class="nump">$ 992,000<span></span>
</td>
<td class="nump">$ 1,799,000<span></span>
</td>
<td class="nump">$ 1,998,000<span></span>
</td>
<td class="nump">$ 3,492,000<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_EarningsPerShareBasicAndDiluted', window );">Net income per share of common stock - Basic and diluted</a></td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.07<span></span>
</td>
<td class="nump">$ 0.07<span></span>
</td>
<td class="nump">$ 0.13<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_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Weighted average shares outstanding - Basic and diluted</a></td>
<td class="nump">27,157,188<span></span>
</td>
<td class="nump">27,157,188<span></span>
</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_SIEB_AdvisoryFeesRevenue">
<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_AdvisoryFeesRevenue</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=116634182&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=118932676&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=117326831&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_IncomeLossFromEquityMethodInvestments">
<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) for proportionate share of equity method investee's 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 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&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 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<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 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: 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 (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<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_IncomeLossFromEquityMethodInvestments</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=116637391&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=116634182&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=116634182&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=118930883&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=116637391&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=118930883&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=116637232&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=116634182&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=118932676&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_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=116637391&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=116634182&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>
</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_OperatingExpensesAbstract">
<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>
<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_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=116634182&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=116637345&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=118262090&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>
</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_ProfitLoss">
<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 consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</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=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=109239629&amp;loc=SL4573702-111684<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=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=109239629&amp;loc=SL4573702-111684<br><br>Reference 5: 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 6: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=116874947&amp;loc=SL4591551-111686<br><br>Reference 7: 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 2<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3000-108585<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569616-111683<br><br>Reference 9: 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 (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=116874947&amp;loc=SL4591552-111686<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_ProfitLoss</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://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 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 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<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=116634182&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_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>
<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>
<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_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>
</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>
</div>
</body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
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<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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6862423376">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)<br></strong></div></th>
<th class="th"><div>Number of Shares $.01 Par Value [Member]</div></th>
<th class="th"><div>Additional Paid-In Capital [Member]</div></th>
<th class="th"><div>Retained Earnings / (Accumulated Deficit) [Member]</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Beginning balance at Dec. 31, 2017</a></td>
<td class="nump">$ 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 );">Beginning 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="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">3,492,000<span></span>
</td>
<td class="nump">3,492,000<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 Jun. 30, 2018</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
<td class="nump">793,000<span></span>
</td>
<td class="nump">8,705,000<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 Jun. 30, 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>
<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, 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 );">Beginning 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>
<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">1,998,000<span></span>
</td>
<td class="nump">1,998,000<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 Jun. 30, 2019</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">$ 7,641,000<span></span>
</td>
<td class="nump">$ 11,260,000<span></span>
</td>
<td class="nump">$ 19,172,000<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 Jun. 30, 2019</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_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=118930883&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=116637391&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=118930883&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=116637232&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=116634182&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=118932676&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_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>
<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>
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</div>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>R6.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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6873868272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">$ 1,998,000<span></span>
</td>
<td class="nump">$ 3,492,000<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/(used in) 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_IncreaseDecreaseInDeferredIncomeTaxes', window );">Deferred income tax expense</a></td>
<td class="nump">502,000<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">426,000<span></span>
</td>
<td class="nump">50,000<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_IncomeLossFromEquityMethodInvestments', window );">Earnings of equity method investment in related party</a></td>
<td class="num">(54,000)<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_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="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="num">(329,000)<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_IncreaseDecreaseInBrokerageReceivables', window );">Receivables from clearing and other brokers</a></td>
<td class="num">(288,000)<span></span>
</td>
<td class="num">(1,061,000)<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="text"> <span></span>
</td>
<td class="nump">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="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_IncreaseDecreaseInOtherReceivables', window );">Other receivables</a></td>
<td class="nump">21,000<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">(278,000)<span></span>
</td>
<td class="num">(198,000)<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_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities', window );">Accounts payable and accrued liabilities</a></td>
<td class="num">(79,000)<span></span>
</td>
<td class="nump">117,000<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_IncreaseDecreaseInDueToRelatedParties', window );">Due to clearing brokers and related parties</a></td>
<td class="num">(116,000)<span></span>
</td>
<td class="nump">202,000<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_IncreaseDecreaseInAccruedIncomeTaxesPayable', window );">Income tax payable</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">474,000<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">2,303,000<span></span>
</td>
<td class="nump">3,030,000<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_PaymentsToAcquireInvestments', window );">Equity method investment in related party</a></td>
<td class="num">(3,665,000)<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_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchase of furniture, equipment, and leasehold improvements</a></td>
<td class="num">(588,000)<span></span>
</td>
<td class="num">(109,000)<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_PaymentsForSoftware', window );">Purchase of software</a></td>
<td class="num">(612,000)<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_NetCashProvidedByUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(4,865,000)<span></span>
</td>
<td class="num">(109,000)<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_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net (decrease) / increase in cash and cash equivalents</a></td>
<td class="num">(2,562,000)<span></span>
</td>
<td class="nump">2,921,000<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 - beginning of period</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_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - end of period</a></td>
<td class="nump">$ 4,667,000<span></span>
</td>
<td class="nump">$ 6,686,000<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_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=118932676&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=118951113&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=118932676&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_IncomeLossFromEquityMethodInvestments">
<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) for proportionate share of equity method investee's 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 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&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 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<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 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: 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 (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<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_IncomeLossFromEquityMethodInvestments</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=118932676&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_IncreaseDecreaseInAccruedIncomeTaxesPayable">
<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 period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.</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=118932676&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_IncreaseDecreaseInAccruedIncomeTaxesPayable</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=118932676&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_IncreaseDecreaseInDeferredIncomeTaxes">
<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 account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa.</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=118932676&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_IncreaseDecreaseInDeferredIncomeTaxes</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>
<td><strong> Balance Type:</strong></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_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=118932676&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>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</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_us-gaap_IncreaseDecreaseInDueToRelatedParties">
<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 aggregate amount of obligations to be paid to 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 entities' 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=118932676&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_IncreaseDecreaseInDueToRelatedParties</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>
<td>debit</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_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>
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<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>
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</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=118932676&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>
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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_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=118932676&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>
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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>
<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=118932676&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>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></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_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=118932676&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>
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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></div>
</div></td></tr>
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<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=118932676&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>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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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>
</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 );">- 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>
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<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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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</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>
<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 25<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<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 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<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> -URI http://asc.fasb.org/extlink&amp;oid=118932676&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_NetCashProvidedByUsedInOperatingActivities</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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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
<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_NetCashProvidedByUsedInOperatingActivitiesAbstract</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>
<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_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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the development, modification or acquisition 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>
<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=118932676&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 purchase of all investments (debt, security, other) during the period.</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 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=118932676&amp;loc=d3e3213-108585<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6866052848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization and Basis of Presentation<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</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>
</tr>
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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_BusinessDescriptionAndBasisOfPresentationTextBlock', window );">Organization and Basis of Presentation</a></td>
<td class="text"><div><div></div>
    <div style="font-weight: bold">1. Organization and Basis of Presentation</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold">Organization</div>
    <div style="text-align: justify"><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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 U.S. Securities
      and Exchange Commission (&#8220;SEC&#8221;) as a Registered Investment Advisor under the Investment Advisers Act of 1940, as amended, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies, Inc. (&#8220;PWC&#8221;), a Texas corporation and
      licensed insurance agency. It also conducts operations through a fourth wholly-owned subsidiary, KCA Technologies, LLC. (&#8220;KCAT&#8221;), a Nevada limited liability company and developer of robo-advisory technology. For purposes of this Quarterly Report on
      Form 10-Q, 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. In addition, as reported in a current report on Form 8-K filed on
      July 19, 2019, the Company signed a binding letter of intent to purchase the remaining 85% of StockCross Financial Services, Inc. (&#8220;StockCross&#8221;). After the close of the transaction, which is pending regulatory approval, the Company will own 100% of
      StockCross.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company is headquartered in New York, NY, with primary operations in New Jersey and California. The Company has 12 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 can obtain copies of the Company&#8217;s public filings free of charge. The Company&#8217;s common stock (&#8220;Common Stock&#8221;), par value $.01 per share, trades on the Nasdaq
      Capital Market under the symbol &#8220;SIEB.&#8221;</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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 three months ended and six months
      ended June 30, 2019 and 2018 were derived from its operations in the U.S.</div>
    <div style="text-align: justify">&#160;</div>
    <div style="text-align: justify; font-weight: bold">Basis of Presentation</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic">Basis of Presentation</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (GAAP) for interim financial
      information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete annual financial statements. In the opinion of the Company&#8217;s
      management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results. Interim results are not necessarily indicative of
      the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto in the Company&#8217;s
      Annual Report on Form 10-K for the year ended December 31, 2018 (&#8220;2018 Form 10-K&#8221;). The condensed 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.</div>
    <div><br />
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-align: justify; font-style: italic">Reclassifications</div>
      <div>&#160;</div>
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-indent: 36pt">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 or total assets or total liabilities.</div>
    </div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Significant Accounting Policies</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company&#8217;s significant accounting policies are included in Note 2 in the Company&#8217;s 2018 Form 10-K. There have been no significant changes to these accounting policies for the six months ended June
      30, 2019 except as described in the sections &#8220;Equity Method Investment&#8221; and the &#8220;Note 2 &#8211; New Accounting Standards&#8221; below.</div>
    <div><br />
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-align: justify; font-style: italic">Equity Method Investments</div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt">Investments in which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method of accounting and are included in the equity method
      investment in related party asset in the condensed consolidated statements of financial condition. Under this method of accounting, the Company&#8217;s share of the net earnings or losses of the investee is presented before the income before provision for
      income tax on the condensed consolidated statements of operations.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt">
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an
      equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.</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 the business description and basis of presentation concepts.  Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity.  Basis of presentation describes the underlying basis 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>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -URI http://asc.fasb.org/topic&amp;trid=2122369<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -URI http://asc.fasb.org/topic&amp;trid=2122149<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -URI http://asc.fasb.org/topic&amp;trid=2134479<br></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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6633103632">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>New Accounting Standards<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</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>
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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_SignificantAccountingPoliciesTextBlock', window );">New Accounting Standards</a></td>
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    <div style="text-align: justify; font-weight: bold">2. New Accounting Standards</div>
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    </div>
    <div style="text-align: justify; font-style: italic">Recently Adopted Accounting Pronouncements</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">ASU 2016-02</font> &#8211; In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (&#8220;ASU&#8221;) 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 that requires a lessee to recognize a lease right-of-use asset and lease liability on the statement of
      financial condition 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 statement of operations. The new
      standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company adopted 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. As of June 30, 2019, the Company recognized lease right-of-use assets of approximately $2.6 million and corresponding lease liabilities of approximately $2.9 million. This accounting pronouncement had no material
      impact to the condensed consolidated statements of operations for the three months and six months ended June 30, 2019.</div>
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    <div style="text-align: justify; text-indent: 36pt">The new standard provides a number of optional practical expedients in transition. The Company elected the &#8220;package of practical expedients,&#8221; which permits the Company not to reassess under the new
      standard the Company&#8217;s prior conclusions about lease identification, lease classification and initial direct costs. The Company has not elected the hindsight practical expedient at transition.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The new standard also provides practical expedients for an entity&#8217;s ongoing accounting. The Company elected the short-term lease recognition exemption for all leases that qualify. This means, for
      those leases that qualify, the Company will not recognize lease right-of-use assets or lease liabilities.</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">ASU 2018-15</font> &#8211; In August 2018, the FASB issued ASU 2018-15, Intangibles&#8212;Goodwill and Other&#8212;Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for
      Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires customers to apply the same criteria for capitalizing implementation costs incurred in a cloud computing arrangement that is hosted by the
      vendor as they would for an arrangement that has a software license. The standard is effective for interim and annual periods beginning after December 15, 2019 and early adoption is permitted. The standard can be adopted prospectively or
      retrospectively. The Company is currently evaluating the expected impact of this new standard.</div></div><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>The entire disclosure for all significant accounting policies of 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 235<br> -URI http://asc.fasb.org/topic&amp;trid=2122369<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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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Requirements<br></strong></div></th>
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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_srt_RegulatoryCapitalRequirementsAbstract', window );"><strong>Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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    <div style="text-align: justify; font-weight: bold">3. Capital Requirements</div>
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    <div style="text-align: justify; text-indent: 36pt">MSCO is subject to the SEC&#8217;s Uniform Net Capital Rule (Rule 15c3-1 or &#8220;Uniform Net Capital Rule&#8221;), which requires the maintenance of minimum net capital. MSCO has elected to use the alternative
      method, permitted by the Uniform Net Capital 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 Uniform Net
      Capital Rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital would be less than 5% of aggregate debits. As of June 30, 2019, MSCO had net capital of approximately $7.0 million, which was
      approximately $6.8 million in excess of required net capital of $250,000. As of December 31, 2018, MSCO had net capital of approximately $8.9 million, which was approximately $8.7 million in excess of required net capital of $250,000.</div>
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    <div style="text-align: justify; text-indent: 36pt">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.</div>
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    <div style="text-align: justify; text-indent: 36pt">The Company&#8217;s cash and cash equivalents are unrestricted and are used to fund working capital needs. The Company&#8217;s total assets as of June 30, 2019 were approximately $22.7 million, of which $4.7
      million, or approximately 21%, is highly liquid. 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.</div></div><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>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>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6633006048">
<tr>
<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>
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    <div style="font-weight: bold">4. Receivables from and Payable to Brokers, Dealers and Clearing Organizations</div>
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      <div style="text-align: justify; text-indent: 36pt">The Company evaluates receivables from clearing organizations and other brokers for collectability noting no amount was considered uncollectable as of June 30, 2019 and the year ended December 31,
        2018. No valuation allowance is recognized for receivables from clearing and other brokers as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.</div>
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    <div style="text-align: justify; text-indent: 36pt">Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the periods indicated:</div>
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            <div style="text-align: center; font-weight: bold">(unaudited)</div>
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            <div style="text-align: justify">Receivables from clearing and other brokers</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;National Financial Services (&#8220;NFS&#8221;)</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>1,632,000</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>$</div>
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            <div>1,664,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; vertical-align: bottom; width: 1%; 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); 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>631,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify; font-weight: bold">Total Receivables from clearing and other brokers</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="font-weight: bold">2,263,000</div>
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            <div style="font-weight: bold">$</div>
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            <div style="font-weight: bold">1,975,000</div>
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          <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; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <div style="text-align: justify">Receivable from related party</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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)">
            <div>$</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(255, 255, 255)">
            <div>1,000,000</div>
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            <div>$</div>
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            <div>1,000,000</div>
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            <div style="text-align: justify; font-weight: bold">Total Receivable from related party</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
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            <div style="font-weight: bold">1,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">1,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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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        <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; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <div style="text-align: justify">Due to clearing brokers and related parties</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>15,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>$</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>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 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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            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>46,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; text-align: right; 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; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>58,000</div>
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        <tr>
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            <div style="text-align: justify; font-weight: bold">Total Due to clearing brokers and related parties</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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)">
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            <div style="font-weight: bold">17,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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 );">- 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>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6633634800">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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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_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></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_LesseeOperatingLeasesTextBlock', window );">Leases</a></td>
<td class="text"><div><div style="text-align: justify; font-weight: bold">5. Leases</div>
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    <div style="text-indent: 36pt">A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. On January 1, 2019, the
      Company adopted ASU 2016-02, Leases (Topic 842)<font style="font-style: italic">&#160;</font>and all subsequent ASUs that modified Topic 842. For the Company, Topic 842 affected the accounting treatment for operating lease agreements in which the Company
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    <div style="text-align: justify; text-indent: 36pt">As of June 30, 2019, the Company rents office space under operating leases expiring in 2019 through 2024, and the Company has no financing leases. The leases call for base rent plus escalations as
      well as other operating expenses. The following table represents the Company&#8217;s lease right-of-use assets and lease liabilities on the condensed consolidated statements of financial condition. The Company elected not to include short-term leases
      (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.</div>
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            <div style="text-align: center; font-weight: bold">(unaudited)</div>
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            <div style="text-align: justify">&#160;&#160;Lease right-of-use assets</div>
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            <div>2,589,000</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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 70%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;Lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)">
            <div>2,895,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The calculated amount of the lease right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum
      lease payments. As of June 30, 2019, the Company does not believe that any of the renewal options under the existing leases are reasonably certain to be exercised; however, the Company will continue to assess and monitor the lease renewal options on
      an ongoing basis. The Company also leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this office equipment on the statement of operations rather than capitalizing them as
      lease right-of-use assets. The Company determined a discount rate of 5.0% would approximate the Company&#8217;s cost to obtain financing given its size, growth, and risk profile.</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z1f9dd07551a94181a194e8b0b3482182" style="width: 80%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%">
            <div style="font-weight: bold">Lease Term and Discount Rate</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: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div>&#160;Weighted average remaining lease term &#8211; operating leases (in years)</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; 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: 12%">
            <div>3.7</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div>&#160;Weighted average discount rate &#8211; operating leases</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; 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: 12%; background-color: rgb(255, 255, 255)">
            <div>5.0</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>%</div>
          </td>
        </tr>

    </table>
    <div><br />
    </div>
    </div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The following table represents lease costs and other lease information. The Company elected to separate lease and non-lease components, and as such, the variable lease cost primarily represents
      variable payments such as common area maintenance and utilities.</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="z63753e2d6a9c446e92f0cebc7a9f84aa" style="font: 10pt Times New Roman, Times, serif; text-align: left; color: #000000; 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="2" style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
            <div>&#160;Operating lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div>182,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div>330,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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)">
            <div>&#160;Short-term lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>120,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>240,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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>&#160;Variable lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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>18,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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>45,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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>&#160;Sublease income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px">
            <div>Total lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double">
            <div>320,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double">
            <div>615,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#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; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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>Cash paid for amounts included in the measurement of lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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; 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)">
            <div>&#160;&#160;Operating cash flows from operating leases</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>207,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>357,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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; 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)">
            <div>Lease right-of-use assets obtained in exchange for new lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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>&#160;&#160;Operating leases</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div>535,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,215,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic">Lease Commitments</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Future annual minimum payments for operating leases with initial terms of greater than one year as of June 30, 2019 were as follows:</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z5a2788ec33664029ab48105a18f5375d" style="width: 70%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%">
            <div style="font-weight: bold">Year</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: middle">
            <div style="text-align: center; font-weight: bold">Amount</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div>&#160;&#160;2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
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            <div>501,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>&#160;&#160;2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div>942,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: rgb(204, 238, 255); width: 85%">
            <div>&#160;&#160;2021</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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: 12%">
            <div>729,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div>&#160;&#160;2022</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div>489,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: rgb(204, 238, 255); width: 85%">
            <div>&#160;&#160;2023</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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: 12%">
            <div>468,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div>&#160;&#160;2024</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div>39,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%; padding-bottom: 2px">
            <div>&#160;Thereafter</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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: 12%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div>Remaining balance of lease payments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div>3,168,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%; padding-bottom: 2px">
            <div>&#160;&#160;Difference between undiscounted cash flows and</div>
            <div>&#160;&#160;discounted cash flows</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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); 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: 12%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div>273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); 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: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">Lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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)">
            <div style="font-weight: bold">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">2,895,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Rent and related operating expenses were $320,000 and $247,000 for the three months ended June 30, 2019 and 2018, respectively. Rent and related operating expenses were $615,000 and $489,000 for the
      six months ended June 30, 2019 and 2018, respectively.</div><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">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.</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 842<br> -SubTopic 20<br> -URI http://asc.fasb.org/subtopic&amp;trid=77888251<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6606308352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Method Investments<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</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_EquityMethodInvestmentsAndJointVenturesAbstract', window );"><strong>Equity Method Investments and Joint Ventures [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_EquityMethodInvestmentsDisclosureTextBlock', window );">Equity Method Investments</a></td>
<td class="text"><div><div style="text-align: justify"><font style="font-weight: bold">6. Equity Method Investments</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">In January 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. The
      Company&#8217;s ownership in StockCross is accounted for under the equity method of accounting.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">In determining whether the investment in StockCross should be accounted for under the equity method of accounting, the Company considered the guidance under <font style="font-style: italic">ASC
        323, Investments &#8211; Equity Method and Joint Venture</font>s. Although the Company maintains approximately 15% ownership interest in StockCross, the Company evaluated the positive evidence related to criteria such as common representation on the
      board of directors, participation in policy-making processes, material intra-entity transactions, interchange of managerial personnel and technological interdependency of the Company and StockCross. Based on these criteria, the Company determined
      that it was able to exercise significant influence of StockCross, and therefore the equity method of accounting was used for this transaction.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Under the equity method, the Company recognizes its share of StockCross&#8217; earnings in the earnings of equity method investment in related party line item in the condensed consolidated statements of
      operations. The Company has elected to classify distributions received from equity method investees using the cumulative earnings approach. For the three months and six months ended June 30, 2019, the earnings recognized from the Company&#8217;s investment
      in StockCross was approximately $15,000 and $54,000, respectively. This investment is reported in the equity method investment in related party asset in the condensed consolidated statements of financial condition. As of June 30, 2019, the carrying
      amount of the investment in StockCross was approximately $3,720,000.</div>
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    <div style="text-align: justify; text-indent: 36pt">The Company evaluates its equity method investments for impairment when events or changes indicate the carrying value may not be recoverable. If the impairment is determined to be
      other-than-temporary, the Company will recognize an impairment loss equal to the difference between the expected realizable value and the carrying value of the investment. As of June 30, 2019, the fair value of the investment in StockCross is not
      estimated because there were no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment and thus, no impairment was recorded.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross for the period indicated (unaudited):</div>
    <div><br />
    </div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 66%">&#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: middle">
            <div style="text-align: center; font-weight: bold">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">Six Months Ended June 30, 2019</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>Revenue</div>
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            <div>$</div>
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            <div>3,781,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%">
            <div>7,795,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>Gross profit</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255)">
            <div>273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255)">
            <div>558,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 66%">
            <div>Net income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%">
            <div>99,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</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: 14%">
            <div>345,000</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.</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 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 4<br> -Subparagraph (SX 210.3A-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=116822174&amp;loc=d3e355119-122828<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -URI http://asc.fasb.org/topic&amp;trid=2196965<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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6865977536">
<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">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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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_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments, Contingencies, and Other</a></td>
<td class="text"><div><div style="text-align: justify; font-weight: bold">7. Commitments, Contingencies, and Other</div>
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    <div style="text-align: justify; font-style: italic">Legal and Regulatory Matters</div>
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    <div style="text-align: justify; text-indent: 36pt">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.</div>
    <div><br />
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    <div style="text-align: justify; font-style: italic">General Contingencies</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">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.</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">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.</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">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.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As part of this plan, the Company recognized expenses totaling $169,000 and $260,000 for the three months ended June 30, 2019 and 2018, respectively. The Company recognized expenses totaling $458,000
      and $500,000 for the six months ended June 30, 2019 and 2018, respectively.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company had an accrual of $62,000 as June 30, 2019, which represents the historical estimate of future claims to be recognized for claims incurred prior to the period.</div>
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    <div style="text-align: justify; text-indent: 36pt">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.</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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6633718368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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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_RevenueFromContractWithCustomerAbstract', window );"><strong>Revenue from Contract with Customer [Abstract]</strong></a></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_us-gaap_RevenueFromContractWithCustomerTextBlock', window );">Revenue Recognition</a></td>
<td class="text"><div><div style="font-weight: bold">8. Revenue Recognition</div>
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    <div style="text-align: justify; text-indent: 36pt">The primary sources of revenue for the Company are as follows: revenue from contracts with customers which includes commissions and fees, principal transactions, and advisory fees as well as other
      income which includes margin interest, marketing, and distribution fees. The recognition and measurement of revenue is based on the assessment of individual contract terms. The amount of revenue recognized by the Company is based on the consideration
      specified in contracts with its clients. The Company recognizes revenue when a performance obligation is satisfied over time as the services are performed or at a point in time depending on the nature of the services provided as further detailed
      below. 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. For the three months and six months ended June 30, 2019 and 2018, there
      were no costs capitalized related to obtaining or fulfilling a contract with a customer, and thus the Company has no balances for contract assets or contract liabilities.</div>
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    <div style="text-align: justify; font-style: italic">Categorization of Revenue by Service</div>
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    <div style="text-align: justify; text-indent: 36pt">The following table presents the major revenue categories and when each category is recognized (unaudited):</div>
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          <td style="vertical-align: bottom; vertical-align: top">&#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-weight: bold">Three Months Ended<br />
              June 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#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-weight: bold">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: middle; text-align: center">&#160;</td>
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          <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-weight: bold">2019</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center; font-weight: bold">2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center; font-weight: bold">2019</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
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          </td>
        </tr>
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            <div style="font-weight: bold">Trading Execution and Clearing Services</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;&#160;Commissions and fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,303,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,376,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,105,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,033,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
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            <div>&#160;&#160;&#160;Principal transactions</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>1,766,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>2,263,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>3,438,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>5,204,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>209,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>162,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>392,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>206,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div style="text-align: center">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(255, 255, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">Other Income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)">
            <div>Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(255, 255, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;&#160;Margin interest</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,037,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,876,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,103,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,511,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div style="text-align: center">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
            <div>&#160;&#160;&#160;12b1 fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>746,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>811,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>1,452,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>1,711,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
            <div style="text-align: center">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;Total Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,783,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,687,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,555,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,222,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">Total Revenue</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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)">
            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">7,061,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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)">
            <div style="font-weight: bold">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">7,488,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">13,490,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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)">
            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">15,665,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255); text-align: center">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The following table presents each revenue category and its related performance obligation:</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="z5b8edd0195364dc398b52cfa2a28244d" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse; text-align: left; color: #000000">

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

    </table>
    <div><br />
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt">
    </div>
    Disaggregation of Revenue &#8211; Legacy Siebert vs. StockCross Accounts
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the retail customer accounts that were originally part of Siebert (&#8220;Legacy Siebert&#8221;) vs. the retail
      customer accounts acquired from StockCross (&#8220;StockCross accounts&#8221;) (unaudited):</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="zc30dc285983245b69ab9ecde952d1e77" style="font: 10pt Times New Roman,Times,serif; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: bottom">
            <div style="text-align: justify">&#160;&#160;</div>
          </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-weight: bold">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="6" style="vertical-align: bottom; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; 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">
            <div style="text-align: center; font-weight: bold"> 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle">
            <div style="font-weight: bold">Revenue from Margin interest, marketing and distribution fees:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Margin interest, marketing and distribution&#160;fees &#8211;</div>
            <div>&#160;&#160;Legacy Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,440,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,312,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,885,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,640,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
            <div>&#160;&#160;Margin interest, marketing and distribution fees &#8211;</div>
            <div>&#160;&#160;StockCross accounts</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>343,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>375,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>670,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>582,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Total Revenue from Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,783,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,687,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,555,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,222,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">
            <div style="text-align: justify">&#160;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div style="text-align: justify; font-weight: bold">Revenue from Commissions and fees:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;Commissions and fees &#8211; Legacy Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,981,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,026,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,499,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,964,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
            <div style="text-align: justify">&#160;&#160;Commissions and fees &#8211; StockCross accounts</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>322,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>350,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>606,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>1,069,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;Total Revenue from Commissions and fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,303,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,376,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,105,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,033,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">
            <div style="text-align: justify; font-weight: bold">Revenue from Principal transactions:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;Principal transactions &#8211; Legacy Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>474,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>505,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>915,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,077,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
            <div style="text-align: justify">&#160;&#160;Principal transactions &#8211; StockCross accounts</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>1,292,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>1,758,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>2,523,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>4,127,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Total Revenue from Principal transactions</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,766,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,263,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,438,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,204,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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            <div style="text-align: justify">&#160;&#160;Advisory fees &#8211; Legacy Siebert</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>138,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>171,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="text-align: justify">&#160;&#160;Interest &#8211; Legacy Siebert</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>16,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>24,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>31,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>35,000</div>
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          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="font-weight: bold">7,061,000</div>
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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)">
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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(255, 255, 255)">
            <div style="font-weight: bold">7,488,000</div>
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            <div style="font-weight: bold">13,490,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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 style="font-weight: bold">15,665,000</div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6866107200">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Provision for Income Tax<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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    <div style="text-align: justify; font-weight: bold">9. Provision for Income Tax</div>
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    <div style="text-align: justify">Provision for income tax consists of the following:</div>
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    <div style="text-align: justify; text-indent: 36pt">Current income tax expense, which represents the amount of federal tax and state and local tax currently payable, including interest and penalties and amounts accrued for unrecognized tax benefits,
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    <div style="text-align: justify; text-indent: 36pt">Deferred income tax, which represents the net change in the deferred tax assets balance during the year, including any change in the valuation allowance of the deferred tax assets, if any.</div>
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    <div style="text-align: justify; text-indent: 36pt">There was no change in the valuation allowance of the deferred tax assets for the three and six months ended June 30, 2019 and 2018, respectively. As of June 30, 2019 and December 31, 2018, the
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            <div style="margin-left: 7.2pt">Federal</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>(69,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">)</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>298,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>134,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>570,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
            <div style="margin-left: 7.2pt">State</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>106,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>(161,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>182,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>(20,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>37,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>137,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>316,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>550,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Deferred income tax</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">
            <div style="margin-left: 7.2pt">Federal</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>264,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div style="margin-left: 7.2pt">State</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
            <div>148,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
            <div>191,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>412,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>502,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">Total Provision for income tax</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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)">
            <div style="font-weight: bold">$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">449,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">$</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 style="font-weight: bold">137,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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)">
            <div style="font-weight: bold">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">818,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">$</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 style="font-weight: bold">550,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic">Effective Tax Rate</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">For interim financial reporting, the Company estimates the effective tax rate for tax jurisdictions which is applied to the year to date income before provision for income tax. For the three months
      ended June 30, 2019 and 2018, the Company&#8217;s effective tax rate was 31% and 7%, respectively. For the six months ended June 30, 2019 and 2018, the Company&#8217;s effective tax rate was 29% and 14%, respectively.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of December 31, 2018, the Company recorded an income tax benefit related to the recognition of deferred tax assets of $5,576,000. The increase in the effective tax rate in 2019 was due to an
      increase in deferred income tax expense corresponding to the decrease in the deferred tax assets. Deferred income tax expense was $194,000 and $502,000 for the three months and six months ended June 30, 2019, respectively.</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>
<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>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">
<tr>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6635413776">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</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_EarningsPerShareAbstract', window );"><strong>Earnings Per Share [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_EarningsPerShareTextBlock', window );">Earnings Per Share</a></td>
<td class="text"><div><div style="text-align: justify; font-weight: bold">10. Earnings Per Share</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Basic earnings per share is calculated by dividing net income by the weighted average of the number of outstanding common shares during the period. The Company had net income of $992,000 for the
      three months ended June 30, 2019 as compared to net income of $1,799,000 for the three months ended June 30, 2018. The Company had net income of $1,998,000 for the six months ended June 30, 2019 as compared to net income of $3,492,000 for the six
      months ended June 30, 2018.</div></div><span></span>
</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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</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> -URI http://asc.fasb.org/topic&amp;trid=2144383<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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<head>
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<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6635167648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Disclosures<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</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_RelatedPartyTransactionsAbstract', window );"><strong>Related Party Transactions [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_RelatedPartyTransactionsDisclosureTextBlock', window );">Related Party Disclosures</a></td>
<td class="text"><div><div style="text-align: justify; font-weight: bold">11. Related Party Disclosures</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic">StockCross</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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 and Jersey City offices and StockCross pays some vendors for
      miscellaneous expenses which it passes through to MSCO. As of June 30, 2019 and December 31, 2018, MSCO had receivables from StockCross totaling approximately $1.6 million and $1.3 million, respectively, consisting of financing for inventory
      positions, the net monthly clearing fees StockCross owes MSCO, and a clearing deposit. As of December 31, 2018, MSCO had a payable to StockCross totaling $46,000. In January 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding
      shares and in July 2019 the Company entered into a binding letter of intent to purchase the remaining 85% of StockCross. For the three months and six months ended June 30, 2019, the earnings recognized from the Company&#8217;s 15% investment in StockCross
      was approximately $15,000 and $54,000, respectively. <font style="font-style: italic">Please see Item 4. Financial Statements and Supplementary Data &#8211; &#8220;Note 6 &#8211; Equity Method Investments&#8221; for additional detail on the transaction with
        StockCross.</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic">KCA</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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.</div>
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    <div style="text-align: justify; font-style: italic">PWC</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was $35,000 and $64,000 for the three months and six months ended June 30, 2019, respectively. Revenue for
      PWC from related parties was $45,000 for the six months ended June 30, 2018.</div></div><span></span>
</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>
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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>
<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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6748778832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subsequent Events<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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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_SubsequentEventsAbstract', window );"><strong>Subsequent Events [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_SubsequentEventsTextBlock', window );">Subsequent Events</a></td>
<td class="text"><div><div style="text-align: justify"><font style="font-weight: bold">12. Subsequent Events<br />
      </font><br />
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-align: justify; text-indent: 36pt">As reported in a current report on Form 8-K filed on July 19, 2019, the Company signed a binding letter of intent to purchase the remaining 85% of StockCross. As of the date of the filing of this
        report, the Company has not finalized the terms of the transaction or incurred any acquisition-related expenses.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">Other than the above, there have been no additional material subsequent events that have occurred during such period that would require disclosure in this report or would be required to be
        recognized in the financial statements as of June 30, 2019.</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>
<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>The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.</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 855<br> -URI http://asc.fasb.org/topic&amp;trid=2122774<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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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6866088624">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization and Basis of Presentation (Policies)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</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>
</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: justify; font-weight: bold">Basis of Presentation</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic">Basis of Presentation</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (GAAP) for interim financial
      information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete annual financial statements. In the opinion of the Company&#8217;s
      management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results. Interim results are not necessarily indicative of
      the results of operations which may be expected for a full year or any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto in the Company&#8217;s
      Annual Report on Form 10-K for the year ended December 31, 2018 (&#8220;2018 Form 10-K&#8221;). The condensed 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.</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_Reclassifications', window );">Reclassifications</a></td>
<td class="text"><div style="background-color: #FFFFFF"><div style="text-align: justify; font-style: italic">Reclassifications</div>
      <div>&#160;</div>
    </div>
    <div style="background-color: #FFFFFF">
      <div style="text-indent: 36pt">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 or total assets or total liabilities.</div>
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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_EquityMethodInvestmentsPolicy', window );">Equity Method Investments</a></td>
<td class="text"><div><div></div>
    <div style="background-color: #FFFFFF">
      <div style="text-align: justify; font-style: italic">Equity Method Investments</div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt">Investments in which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method of accounting and are included in the equity method
      investment in related party asset in the condensed consolidated statements of financial condition. Under this method of accounting, the Company&#8217;s share of the net earnings or losses of the investee is presented before the income before provision for
      income tax on the condensed consolidated statements of operations.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt">
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company evaluates its equity method investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an
      equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.</div></div><span></span>
</td>
</tr>
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<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">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for equity method of accounting for investments and other interests. Investment includes, but is not limited to, unconsolidated subsidiary, corporate joint venture, noncontrolling interest in real estate venture, limited partnership, and limited liability company. Information includes, but is not limited to, ownership percentage, reason equity method is or is not considered appropriate, and accounting policy election for distribution received.</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 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<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 210.5-02.12)<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 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 4: 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 21D<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=SL94080555-108585<br><br>Reference 5: 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>
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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 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>
<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 205<br> -URI http://asc.fasb.org/topic&amp;trid=2122149<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6633836672">
<tr>
<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>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</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_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock', window );">Schedule of Amounts Receivable</a></td>
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    <div style="text-align: justify; text-indent: 36pt">Amounts receivable from / payable to brokers, dealers and clearing organizations consisted of the following as of the periods indicated:</div>
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            <div style="text-align: center; font-weight: bold">As of</div>
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            <div style="text-align: center; font-weight: bold">(unaudited)</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center; font-weight: bold">As of</div>
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            <div style="text-align: justify">Receivables from clearing and other brokers</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
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        <tr>
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            <div style="text-align: justify">&#160;&#160;National Financial Services (&#8220;NFS&#8221;)</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,632,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,664,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
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            <div style="text-align: justify">&#160;&#160;StockCross</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>631,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>311,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
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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)">
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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(204, 238, 255)">
            <div style="font-weight: bold">2,263,000</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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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            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">1,975,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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 style="vertical-align: bottom; vertical-align: middle; width: 76%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <div style="text-align: justify">Receivable from related party</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="text-align: justify">&#160;&#160;StockCross</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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)">
            <div>$</div>
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            <div>1,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>1,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
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            <div style="text-align: justify; font-weight: bold">Total Receivable from related party</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">1,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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)">
            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">1,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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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        <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; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
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            <div style="text-align: justify">Due to clearing brokers and related parties</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="text-align: justify">&#160;&#160;PWC</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</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>15,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</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; 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; width: 76%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;MSCO</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
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          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; text-align: right; 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; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>58,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); 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-weight: bold">Total Due to clearing brokers and related parties</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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)">
            <div style="font-weight: bold">$</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 style="font-weight: bold">17,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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)">
            <div style="font-weight: bold">$</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 style="font-weight: bold">133,000</div></td></tr></table></div><span></span>
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<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</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_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></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_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock', window );">Schedule of Supplemental Balance Sheet Information Related to Leases</a></td>
<td class="text"><div><div style="text-align: justify; text-indent: 36pt">The Company elected not to include short-term leases
      (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the condensed consolidated statements of financial condition.</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="za1a4e8aaee26459983bc17a67bc0abd3" style="width: 60%; color: #000000; font-size: 10pt; text-align: left">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 70%">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">June 30, 2019</div>
            <div style="text-align: center; font-weight: bold">(unaudited)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">December 31, 2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 70%">
            <div style="text-align: justify">Assets</div>
          </td>
          <td colspan="3" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 70%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;Lease right-of-use assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)">
            <div>2,589,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 70%; background-color: rgb(255, 255, 255)">
            <div style="text-align: justify">Liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 70%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;Lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)">
            <div>2,895,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

    </table>
    <div><br />
    </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_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock', window );">Schedule of Additional Information Related to Leases</a></td>
<td class="text"><div><div style="text-align: justify; text-indent: 36pt">The Company determined a discount rate of 5.0% would approximate the Company&#8217;s cost to obtain financing given its size, growth, and risk profile.</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z1f9dd07551a94181a194e8b0b3482182" style="width: 80%; color: #000000; font: 10pt Times New Roman, Times, serif; text-align: left">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%">
            <div style="font-weight: bold">Lease Term and Discount Rate</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: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 85%">
            <div>&#160;Weighted average remaining lease term &#8211; operating leases (in years)</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; 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: 12%">
            <div>3.7</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 85%; background-color: rgb(255, 255, 255)">
            <div>&#160;Weighted average discount rate &#8211; operating leases</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; 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: 12%; background-color: rgb(255, 255, 255)">
            <div>5.0</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>%</div>
          </td>
        </tr>

    </table>
    <div><br />
    </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_LeaseCostTableTextBlock', window );">Schedule of Lease Costs and Other Lease Information</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify; text-indent: 36pt">The following table represents lease costs and other lease information. The Company elected to separate lease and non-lease components, and as such, the variable lease cost primarily represents
      variable payments such as common area maintenance and utilities.</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="z63753e2d6a9c446e92f0cebc7a9f84aa" style="font: 10pt Times New Roman, Times, serif; text-align: left; color: #000000; 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="2" style="vertical-align: bottom; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%">
            <div>&#160;Operating lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div>182,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div>330,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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)">
            <div>&#160;Short-term lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>120,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>240,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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>&#160;Variable lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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>18,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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>45,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; 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>&#160;Sublease income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: #CCEEFF; width: 76%; padding-bottom: 4px">
            <div>Total lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double">
            <div>320,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 4px double">
            <div>615,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 4px double">&#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; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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>Cash paid for amounts included in the measurement of lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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; 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)">
            <div>&#160;&#160;Operating cash flows from operating leases</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>207,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>357,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%">
            <div>535,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</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_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock', window );">Schedule of Maturities of Lease Liabilities</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify; text-indent: 36pt">Future annual minimum payments for operating leases with initial terms of greater than one year as of June 30, 2019 were as follows:</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: 12%">
            <div>501,000</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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: 12%">
            <div>729,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div>489,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; 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: 12%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
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            <div>&#160;&#160;2024</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div>39,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; text-align: right; 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; 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: 12%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 2px solid">&#160;</td>
        </tr>
        <tr>
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            <div>Remaining balance of lease payments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255)">
            <div>3,168,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 85%; padding-bottom: 2px">
            <div>&#160;&#160;Difference between undiscounted cash flows and</div>
            <div>&#160;&#160;discounted cash flows</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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); 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: 12%; border-bottom: rgb(0, 0, 0) 2px solid">
            <div>273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); 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: 85%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">Lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">&#160;</td>
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            <div style="font-weight: bold">2,895,000</div></td></tr></table></div><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of additional information related to leases.</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>Tabular disclosure of supplemental balance sheet information related to leases.</p></div>
<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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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br></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 payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the 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/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6638353120">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Method Investments (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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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_ScheduleOfSupplementalOperationsInformationTableTextBlock', window );">Schedule of Supplemental Operations Information</a></td>
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    <div style="text-align: justify; text-indent: 36pt">Below is a table showing illustrating the summary from the condensed consolidated statements of operations for StockCross for the period indicated (unaudited):</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>273,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 14%; background-color: rgb(255, 255, 255)">
            <div>558,000</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: 14%">
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          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 14%">
            <div>345,000</div>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>32
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6862620576">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<td class="text"><div><div></div>
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              June 30,</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; vertical-align: bottom">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;&#160;Commissions and fees</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,303,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,376,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,105,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,033,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>1,766,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>2,263,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>3,438,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>5,204,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)">
            <div style="text-align: center">Recorded trade date</div>
          </td>
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          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
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          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>209,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>162,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>392,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>206,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
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          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(255, 255, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">Other Income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(255, 255, 255)">
            <div>Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(255, 255, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;&#160;Margin interest</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,037,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,876,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,103,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,511,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div style="text-align: center">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
            <div>&#160;&#160;&#160;12b1 fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>746,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>811,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>1,452,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">
            <div>1,711,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">
            <div style="text-align: center">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;Total Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,783,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,687,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,555,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,222,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255); text-align: center">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(255, 255, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(255, 255, 255); text-align: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">Total Revenue</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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)">
            <div style="font-weight: bold">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">7,061,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">7,488,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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)">
            <div style="font-weight: bold">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">13,490,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">
            <div style="font-weight: bold">$</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(204, 238, 255)">
            <div style="font-weight: bold">15,665,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255); text-align: center">&#160;</td></tr></table></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_ScheduleOfPerformanceObligationTableTextBlock', window );">Schedule of Performance Obligation</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify; text-indent: 36pt">The following table presents each revenue category and its related performance obligation:</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="z5b8edd0195364dc398b52cfa2a28244d" style="font: 10pt Times New Roman, Times, serif; width: 100%; border-collapse: collapse; text-align: left; color: #000000">

        <tr>
          <td style="width: 50%; vertical-align: top">
            <div style="text-align: justify; font-weight: bold">Revenue Stream</div>
          </td>
          <td style="width: 50%; vertical-align: top">
            <div style="text-align: justify; font-weight: bold">Performance Obligation</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; background-color: #CCEEFF">
            <div style="text-align: justify">Commissions and fees, Principal transactions, Advisory fees and additional income</div>
          </td>
          <td style="width: 50%; vertical-align: top; background-color: #CCEEFF">
            <div style="text-align: justify">Provide security trading services to customer and act as agent</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top">
            <div style="text-align: justify">Margin interest, marketing and distribution fees</div>
          </td>
          <td style="width: 50%; vertical-align: top">
            <div style="text-align: justify">n/a</div></td></tr></table></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 );">Disaggregation of revenue</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify; text-indent: 36pt">The following table presents a breakdown of the Company&#8217;s revenue between the amounts attributed to the retail customer accounts that were originally part of Siebert (&#8220;Legacy Siebert&#8221;) vs. the retail
      customer accounts acquired from StockCross (&#8220;StockCross accounts&#8221;) (unaudited):</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="zc30dc285983245b69ab9ecde952d1e77" style="font: 10pt Times New Roman,Times,serif; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: bottom">
            <div style="text-align: justify">&#160;&#160;</div>
          </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-weight: bold">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="6" style="vertical-align: bottom; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Six Months Ended</div>
            <div style="text-align: center; font-weight: bold">June 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; 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">
            <div style="text-align: center; font-weight: bold"> 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">
            <div style="text-align: center; font-weight: bold">2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle">
            <div style="font-weight: bold">Revenue from Margin interest, marketing and distribution fees:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Margin interest, marketing and distribution&#160;fees &#8211;</div>
            <div>&#160;&#160;Legacy Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,440,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,312,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,885,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,640,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
            <div>&#160;&#160;Margin interest, marketing and distribution fees &#8211;</div>
            <div>&#160;&#160;StockCross accounts</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>343,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>375,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>670,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>582,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Total Revenue from Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,783,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,687,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,555,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,222,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">
            <div style="text-align: justify">&#160;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div style="text-align: justify; font-weight: bold">Revenue from Commissions and fees:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;Commissions and fees &#8211; Legacy Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,981,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,026,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,499,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,964,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
            <div style="text-align: justify">&#160;&#160;Commissions and fees &#8211; StockCross accounts</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>322,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>350,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>606,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>1,069,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;Total Revenue from Commissions and fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,303,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,376,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,105,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,033,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">
            <div style="text-align: justify; font-weight: bold">Revenue from Principal transactions:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;&#160;Principal transactions &#8211; Legacy Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>474,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>505,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>915,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,077,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
            <div style="text-align: justify">&#160;&#160;Principal transactions &#8211; StockCross accounts</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>1,292,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>1,758,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>2,523,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>4,127,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Total Revenue from Principal transactions</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,766,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,263,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,438,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>5,204,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; 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; width: 52%">
            <div style="text-align: justify; font-weight: bold">Additional Revenue:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
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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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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(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 colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; text-align: right; 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; 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; text-align: right; 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(204, 238, 255)">&#160;</td>
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            <div style="font-weight: bold">7,061,000</div>
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            <div style="font-weight: bold">7,488,000</div>
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            <div style="font-weight: bold">13,490,000</div>
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            <div style="font-weight: bold">15,665,000</div>
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          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>(69,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">)</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>298,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>134,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>570,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255); padding-bottom: 2px">
            <div style="margin-left: 7.2pt">State</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; 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); 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>106,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>(161,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>182,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>(20,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: rgb(0, 0, 0) 2px solid">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>37,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>137,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>316,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>550,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Deferred income tax</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(255, 255, 255)">
            <div style="margin-left: 7.2pt">Federal</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>264,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div style="margin-left: 7.2pt">State</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
            <div>148,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
            <div>191,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>412,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>502,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; 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; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; width: 52%; padding-bottom: 4px; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">Total Provision for income tax</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; 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)">
            <div style="font-weight: bold">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">449,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">$</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 style="font-weight: bold">137,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: right; 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)">
            <div style="font-weight: bold">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">818,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; border-bottom: rgb(0, 0, 0) 4px double; background-color: rgb(255, 255, 255)">
            <div style="font-weight: bold">$</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 style="font-weight: bold">550,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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 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_IncomeTaxDisclosureAbstract</td>
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<td>xbrli:stringItemType</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_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock">
<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>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>
<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> -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_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock</td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6873820640">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Organization and Basis of Presentation (Details) - $ / shares<br></strong></div></th>
<th class="th"><div>Jul. 19, 2019</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<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_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<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_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">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>
</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_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased', window );">Percentage of remaining interest in StockCross purchased under binding letter of intent</a></td>
<td class="nump">85.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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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>Percentage of remaining interest in StockCross purchased under binding letter of intent.</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_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased</td>
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<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>
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<td>na</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>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6633790192">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>New Accounting Standards (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="nump">$ 2,589,000<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_OperatingLeaseLiability', window );">Lease liabilities</a></td>
<td class="nump">$ 2,895,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
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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_AccountingPoliciesAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</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 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<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_OperatingLeaseLiability</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</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 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<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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<td>instant</td>
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<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6873575504">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Capital Requirements (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Assets</a></td>
<td class="nump">$ 22,704,000<span></span>
</td>
<td class="nump">$ 18,177,000<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_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">4,667,000<span></span>
</td>
<td class="nump">7,229,000<span></span>
</td>
<td class="nump">$ 6,686,000<span></span>
</td>
<td class="nump">$ 3,765,000<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>
<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_srt_NetCapital', window );">Net capital</a></td>
<td class="nump">7,000,000<span></span>
</td>
<td class="nump">8,900,000<span></span>
</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_srt_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>
<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">$ 6,800,000<span></span>
</td>
<td class="nump">$ 8,700,000<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_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_srt_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 broker-dealer subsidiary to engage in security transaction, calculated under Aggregate Indebtedness Standard.</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 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;">srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</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_srt_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>Amount of net capital of broker-dealer.</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 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;">srt_NetCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</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=119400593&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=118932676&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=118951113&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_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>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6877314560">
<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 ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract', window );"><strong>Receivables from clearing and other brokers</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_DueFromNFS', window );">National Financial Services ("NFS")</a></td>
<td class="nump">$ 1,632,000<span></span>
</td>
<td class="nump">$ 1,664,000<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">631,000<span></span>
</td>
<td class="nump">311,000<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_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Total Receivables from clearing and other brokers</a></td>
<td class="nump">2,263,000<span></span>
</td>
<td class="nump">1,975,000<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">1,000,000<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">1,000,000<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_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_DueToCorrespondentPWC', window );">PWC</a></td>
<td class="nump">15,000<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_OtherPayablesToBrokerDealersAndClearingOrganizations', window );">MSCO</a></td>
<td class="nump">2,000<span></span>
</td>
<td class="nump">29,000<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_DueToCorrespondentStockCross', window );">StockCross</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">46,000<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_DueToCorrespondentNFS', window );">NFS</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">58,000<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_DueToRelatedPartiesCurrentAndNoncurrent', window );">Total Due to clearing brokers and related parties</a></td>
<td class="nump">$ 17,000<span></span>
</td>
<td class="nump">$ 133,000<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>
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<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>
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<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>
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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>
</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_DueToCorrespondentPWC">
<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 PWC.</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_DueToCorrespondentPWC</td>
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<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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<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>
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<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>
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<td>xbrli:monetaryItemType</td>
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<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_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>
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<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=119400593&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=119400593&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>
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<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>
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<tr>
<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:monetaryItemType</td>
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<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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<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>
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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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<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_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=118952595&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>
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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 );">- 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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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6865990944">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeDisclosureAbstract', window );"><strong>Lessee Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesRentExpenseNet', window );">Rent and related operating expenses</a></td>
<td class="nump">$ 320,000<span></span>
</td>
<td class="nump">$ 247,000<span></span>
</td>
<td class="nump">$ 615,000<span></span>
</td>
<td class="nump">$ 489,000<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>
<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_LesseeDisclosureAbstract</td>
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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>Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income.</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/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41499-112717<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_OperatingLeasesRentExpenseNet</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>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>39
<FILENAME>R30.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) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6644267616">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Leases (Schedule of Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="nump">$ 2,589,000<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_LiabilitiesAbstract', window );"><strong>Liabilities</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_OperatingLeaseLiability', window );">Lease liabilities</a></td>
<td class="nump">$ 2,895,000<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_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_LiabilitiesAbstract">
<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>
</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_OperatingLeaseLiability">
<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>Present value of lessee's discounted obligation for lease payments from operating lease.</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 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<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_OperatingLeaseLiability</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_OperatingLeaseRightOfUseAsset">
<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 lessee's right to use underlying asset under operating lease.</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 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<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_OperatingLeaseRightOfUseAsset</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>
</div>
</body>
</html>
</TEXT>
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<TYPE>XML
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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">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6633476768">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Leases (Schedule of Additional Information Related to Leases) (Details)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</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_LesseeDisclosureAbstract', window );"><strong>Lessee 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_OperatingLeaseWeightedAverageRemainingLeaseTerm1', window );">Weighted average remaining lease term - Operating leases (in years)</a></td>
<td class="text">3 years 8 months 12 days<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_OperatingLeaseWeightedAverageDiscountRatePercent', window );">Weighted average discount rate - Operating leases</a></td>
<td class="nump">5.00%<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_LesseeDisclosureAbstract">
<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_LesseeDisclosureAbstract</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_OperatingLeaseWeightedAverageDiscountRatePercent">
<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>Weighted average discount rate for operating lease calculated at point in time.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<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_OperatingLeaseWeightedAverageDiscountRatePercent</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:percentItemType</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_OperatingLeaseWeightedAverageRemainingLeaseTerm1">
<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>Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents 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>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<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_OperatingLeaseWeightedAverageRemainingLeaseTerm1</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>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>41
<FILENAME>R32.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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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6875520560">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Schedule of Lease Costs and Other Lease Information) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseDescriptionAbstract', window );"><strong>Operating lease</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseCost', window );">Operating lease cost</a></td>
<td class="nump">$ 182,000<span></span>
</td>
<td class="nump">$ 330,000<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_ShortTermLeaseCost', window );">Short-term lease cost</a></td>
<td class="nump">120,000<span></span>
</td>
<td class="nump">240,000<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_VariableLeaseCost', window );">Variable lease cost</a></td>
<td class="nump">18,000<span></span>
</td>
<td class="nump">45,000<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_SubleaseIncome', window );">Sublease income</a></td>
<td class="text"> <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_LeaseCost', window );">Total lease cost</a></td>
<td class="nump">320,000<span></span>
</td>
<td class="nump">615,000<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_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract', window );"><strong>Cash paid for amounts included in the measurement of lease liabilities</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_OperatingLeasePayments', window );">Operating cash flows from operating leases</a></td>
<td class="nump">207,000<span></span>
</td>
<td class="nump">357,000<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_OperatingLeasesRentExpenseAbstract', window );"><strong>Lease right-of-use assets obtained in exchange for new lease liabilities</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_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability', window );">Lease right-of-use assets obtained in exchange for new lease liabilities - operating leases</a></td>
<td class="nump">$ 535,000<span></span>
</td>
<td class="nump">$ 2,215,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract">
<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_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract</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_us-gaap_LeaseCost">
<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 lease cost recognized by lessee for lease contract.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<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_LeaseCost</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_LesseeOperatingLeaseDescriptionAbstract">
<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_LesseeOperatingLeaseDescriptionAbstract</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_OperatingLeaseCost">
<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 single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.</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/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<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_OperatingLeaseCost</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_OperatingLeasePayments">
<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 outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use.</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 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918643-209977<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<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_OperatingLeasePayments</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_OperatingLeasesRentExpenseAbstract">
<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_OperatingLeasesRentExpenseAbstract</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_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability">
<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 in right-of-use asset obtained in exchange for operating lease liability.</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/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<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_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability</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_ShortTermLeaseCost">
<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 short-term lease cost, excluding expense for lease with term of one month or less.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<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_ShortTermLeaseCost</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_SubleaseIncome">
<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 sublease income excluding finance and operating lease expense.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<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_SubleaseIncome</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_VariableLeaseCost">
<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 variable lease cost, excluded from lease liability, recognized when obligation for payment is incurred for finance and operating leases.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<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_VariableLeaseCost</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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6876461072">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Leases (Schedule of Future Minimum Base Rental Payment) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear', window );">2019</a></td>
<td class="nump">$ 501,000<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_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo', window );">2020</a></td>
<td class="nump">942,000<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_LesseeOperatingLeaseLiabilityPaymentsDueYearThree', window );">2021</a></td>
<td class="nump">729,000<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_LesseeOperatingLeaseLiabilityPaymentsDueYearFour', window );">2022</a></td>
<td class="nump">489,000<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_LesseeOperatingLeaseLiabilityPaymentsDueYearFive', window );">2023</a></td>
<td class="nump">468,000<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_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive', window );">2024</a></td>
<td class="nump">39,000<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_OperatingLeasesFutureMinimumPaymentsDueThereafter', window );">Thereafter</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<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 );">Remaining balance of lease payments</a></td>
<td class="nump">3,168,000<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_FinanceLeaseLiabilityUndiscountedExcessAmount', window );">Difference between undiscounted cash flows and discounted cash flows</a></td>
<td class="nump">273,000<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_OperatingLeaseLiability', window );">Lease liabilities</a></td>
<td class="nump">$ 2,895,000<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_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount">
<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 lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<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_FinanceLeaseLiabilityUndiscountedExcessAmount</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_LeasesAbstract">
<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_LeasesAbstract</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_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive">
<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 lessee's undiscounted obligation for lease payments for operating lease, due after fifth fiscal year following latest fiscal year.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<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_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive</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_LesseeOperatingLeaseLiabilityPaymentsDueYearFive">
<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 lessee's undiscounted obligation for lease payments for operating lease, due in fifth fiscal year following latest fiscal year.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<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_LesseeOperatingLeaseLiabilityPaymentsDueYearFive</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_LesseeOperatingLeaseLiabilityPaymentsDueYearFour">
<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 lessee's undiscounted obligation for lease payments for operating lease, due in fourth fiscal year following latest fiscal year.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<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_LesseeOperatingLeaseLiabilityPaymentsDueYearFour</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_LesseeOperatingLeaseLiabilityPaymentsDueYearThree">
<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 lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<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_LesseeOperatingLeaseLiabilityPaymentsDueYearThree</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_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo">
<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 lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<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_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo</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_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear">
<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 lessee's undiscounted obligation for lease payments for operating lease having an initial or remaining lease term in excess of one year due in remainder of fiscal year following latest fiscal year.</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 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<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_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear</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_OperatingLeaseLiability">
<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>Present value of lessee's discounted obligation for lease payments from operating lease.</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 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<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_OperatingLeaseLiability</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_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/otherTransitionRef<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/otherTransitionRef<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_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_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/otherTransitionRef<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/otherTransitionRef<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_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>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6762634288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Method Investments (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Earnings of equity method investment</a></td>
<td class="nump">$ 15,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 54,000<span></span>
</td>
<td class="text"> <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_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investment in related party</a></td>
<td class="nump">$ 3,720,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,720,000<span></span>
</td>
<td class="text">&#160;<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_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=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>
<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_PercentageOutstandingSharesInEntity', window );">Percentage of outstanding shares purchased by company</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<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_StockIssuedDuringPeriodSharesNewIssues', window );">Shares purchased</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">922,875<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 );">Per share price</a></td>
<td class="nump">$ 3.97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3.97<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_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investment in related party</a></td>
<td class="nump">$ 3,720,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,720,000<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_PercentageOutstandingSharesInEntity">
<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 outstanding shares purchased by company.</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_PercentageOutstandingSharesInEntity</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>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<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) for proportionate share of equity method investee's 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 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&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 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<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 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: 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 (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<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_IncomeLossFromEquityMethodInvestments</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_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">
<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 investment in equity method investee and investment in and advance to affiliate.</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 210.5-02.12)<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_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures</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_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_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_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=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;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=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>
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</table></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6862378768">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Method Investments (Schedule of Supplemental Operations Information) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
<td class="nump">$ 7,061,000<span></span>
</td>
<td class="nump">$ 7,488,000<span></span>
</td>
<td class="nump">$ 13,490,000<span></span>
</td>
<td class="nump">$ 15,665,000<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_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">992,000<span></span>
</td>
<td class="nump">$ 1,799,000<span></span>
</td>
<td class="nump">1,998,000<span></span>
</td>
<td class="nump">$ 3,492,000<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_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=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_Revenues', window );">Revenue</a></td>
<td class="nump">3,781,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,795,000<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_GrossProfit', window );">Gross profit</a></td>
<td class="nump">273,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">558,000<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_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">$ 99,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 345,000<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_us-gaap_GrossProfit">
<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 revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</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 210.5-03.1,2)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&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_GrossProfit</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_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=118930883&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=116637391&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=118930883&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=116637232&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=116634182&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=118932676&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_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://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 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 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<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=116634182&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_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>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=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;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=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>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>45
<FILENAME>R36.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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</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6759482144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments, Contingencies and Other (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_HealthClaimReinsuranceLimitPerEmployee', window );">Health claim reinsurance limit per employee</a></td>
<td class="nump">$ 50,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<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">169,000<span></span>
</td>
<td class="nump">$ 260,000<span></span>
</td>
<td class="nump">458,000<span></span>
</td>
<td class="nump">$ 500,000<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">$ 62,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 62,000<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_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>
</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_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>
<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_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=118942415&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>
</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>46
<FILENAME>R37.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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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6862481872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Schedule of Major Revenue Categories) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_TradingExecutionAndClearingServicesAbstract', window );"><strong>Trading Execution and Clearing Services</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Commissions and fees</a></td>
<td class="nump">$ 2,303,000<span></span>
</td>
<td class="nump">$ 2,376,000<span></span>
</td>
<td class="nump">$ 4,105,000<span></span>
</td>
<td class="nump">$ 5,033,000<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="nump">1,766,000<span></span>
</td>
<td class="nump">2,263,000<span></span>
</td>
<td class="nump">3,438,000<span></span>
</td>
<td class="nump">5,204,000<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="nump">209,000<span></span>
</td>
<td class="nump">162,000<span></span>
</td>
<td class="nump">392,000<span></span>
</td>
<td class="nump">206,000<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>
</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="nump">2,037,000<span></span>
</td>
<td class="nump">1,876,000<span></span>
</td>
<td class="nump">4,103,000<span></span>
</td>
<td class="nump">3,511,000<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="nump">746,000<span></span>
</td>
<td class="nump">811,000<span></span>
</td>
<td class="nump">1,452,000<span></span>
</td>
<td class="nump">1,711,000<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 Margin interest, marketing and distribution fees</a></td>
<td class="nump">2,783,000<span></span>
</td>
<td class="nump">2,687,000<span></span>
</td>
<td class="nump">5,555,000<span></span>
</td>
<td class="nump">5,222,000<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">$ 7,061,000<span></span>
</td>
<td class="nump">$ 7,488,000<span></span>
</td>
<td class="nump">$ 13,490,000<span></span>
</td>
<td class="nump">$ 15,665,000<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_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_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://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 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 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<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=116634182&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_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>
</div>
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<DOCUMENT>
<TYPE>XML
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<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;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6866108576">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Schedule of Performance Obligation) (Details)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></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_srt_ProductOrServiceAxis=SIEB_ProductOrServiceMember', window );">One [Member]</a></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_RevenueStreamDescriptionOfGoodOrService', window );">Revenue Stream</a></td>
<td class="text">Commissions and fees, Principal transactions, Advisory fees and additional income<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_RevenuePerformanceObligationDescriptionOfGoodOrService', window );">Performance Obligation</a></td>
<td class="text">Provide security trading services to customer and act as agent<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_srt_ProductOrServiceAxis=SIEB_ProductOrServiceOneMember', window );">Two [Member]</a></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_RevenueStreamDescriptionOfGoodOrService', window );">Revenue Stream</a></td>
<td class="text">Margin interest, marketing and distribution fees<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_RevenuePerformanceObligationDescriptionOfGoodOrService', window );">Performance Obligation</a></td>
<td class="text">n/a<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_RevenueStreamDescriptionOfGoodOrService">
<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>Description of good or service to be transferred in contract with customer. Includes, but is not limited to, arrangement for another party to transfer good or service to customer.</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_RevenueStreamDescriptionOfGoodOrService</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_us-gaap_RevenuePerformanceObligationDescriptionOfGoodOrService">
<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>Description of good or service to be transferred in contract with customer. Includes, but is not limited to, arrangement for another party to transfer good or service to customer.</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 606<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118956577&amp;loc=SL49130554-203045<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_RevenuePerformanceObligationDescriptionOfGoodOrService</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_srt_ProductOrServiceAxis=SIEB_ProductOrServiceMember">
<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;">srt_ProductOrServiceAxis=SIEB_ProductOrServiceMember</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_srt_ProductOrServiceAxis=SIEB_ProductOrServiceOneMember">
<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;">srt_ProductOrServiceAxis=SIEB_ProductOrServiceOneMember</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>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>48
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<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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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6877046192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Disaggregation of revenue) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalTransactionsRevenue', window );">Total Revenue from Principal transactions</a></td>
<td class="nump">$ 1,766,000<span></span>
</td>
<td class="nump">$ 2,263,000<span></span>
</td>
<td class="nump">$ 3,438,000<span></span>
</td>
<td class="nump">$ 5,204,000<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 );">Total Revenue from Commissions and fees</a></td>
<td class="nump">2,303,000<span></span>
</td>
<td class="nump">2,376,000<span></span>
</td>
<td class="nump">4,105,000<span></span>
</td>
<td class="nump">5,033,000<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_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Total Revenue from Margin interest, marketing and distribution fees</a></td>
<td class="nump">2,783,000<span></span>
</td>
<td class="nump">2,687,000<span></span>
</td>
<td class="nump">5,555,000<span></span>
</td>
<td class="nump">5,222,000<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_AdvisoryFeesRevenue', window );">Total Revenue from Advisory fees</a></td>
<td class="nump">193,000<span></span>
</td>
<td class="nump">138,000<span></span>
</td>
<td class="nump">361,000<span></span>
</td>
<td class="nump">171,000<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 );">Total Revenue from Interest</a></td>
<td class="nump">16,000<span></span>
</td>
<td class="nump">24,000<span></span>
</td>
<td class="nump">31,000<span></span>
</td>
<td class="nump">35,000<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_Revenues', window );">Total Revenue</a></td>
<td class="nump">7,061,000<span></span>
</td>
<td class="nump">7,488,000<span></span>
</td>
<td class="nump">13,490,000<span></span>
</td>
<td class="nump">15,665,000<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_BusinessAcquisitionAxis=SIEB_LegacySiebertMember', window );">Legacy Siebert [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="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_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</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>
</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_AdvisoryFeesRevenue', window );">Total Revenue from Advisory fees</a></td>
<td class="nump">193,000<span></span>
</td>
<td class="nump">138,000<span></span>
</td>
<td class="nump">361,000<span></span>
</td>
<td class="nump">171,000<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_InterestAndDividendIncomeOperating', window );">Total Revenue from Interest</a></td>
<td class="nump">16,000<span></span>
</td>
<td class="nump">24,000<span></span>
</td>
<td class="nump">31,000<span></span>
</td>
<td class="nump">35,000<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_srt_ProductOrServiceAxis=SIEB_MarginInterestMarketingAndDistributionFeesMember', window );">Margin interest, marketing and distribution fees [Member] | Legacy Siebert [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="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_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</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>
</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 );">Total Revenue from Margin interest, marketing and distribution fees</a></td>
<td class="nump">2,440,000<span></span>
</td>
<td class="nump">2,312,000<span></span>
</td>
<td class="nump">4,885,000<span></span>
</td>
<td class="nump">4,640,000<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_srt_ProductOrServiceAxis=SIEB_MarginInterestMarketingAndDistributionFeesMember', window );">Margin interest, marketing and distribution fees [Member] | StockCross accounts [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_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</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>
</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_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Total Revenue from Margin interest, marketing and distribution fees</a></td>
<td class="nump">343,000<span></span>
</td>
<td class="nump">375,000<span></span>
</td>
<td class="nump">670,000<span></span>
</td>
<td class="nump">582,000<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_srt_ProductOrServiceAxis=SIEB_CommissionsAndFeesMember', window );">Commissions and fees [Member] | Legacy Siebert [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="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_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</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>
</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 );">Total Revenue from Commissions and fees</a></td>
<td class="nump">1,981,000<span></span>
</td>
<td class="nump">2,026,000<span></span>
</td>
<td class="nump">3,499,000<span></span>
</td>
<td class="nump">3,964,000<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_srt_ProductOrServiceAxis=SIEB_CommissionsAndFeesMember', window );">Commissions and fees [Member] | StockCross accounts [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_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</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>
</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 );">Total Revenue from Commissions and fees</a></td>
<td class="nump">322,000<span></span>
</td>
<td class="nump">350,000<span></span>
</td>
<td class="nump">606,000<span></span>
</td>
<td class="nump">1,069,000<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_srt_ProductOrServiceAxis=SIEB_PrincipalTransactionsMember', window );">Principal transactions [Member] | Legacy Siebert [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="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_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</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>
</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 );">Total Revenue from Principal transactions</a></td>
<td class="nump">474,000<span></span>
</td>
<td class="nump">505,000<span></span>
</td>
<td class="nump">915,000<span></span>
</td>
<td class="nump">1,077,000<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_srt_ProductOrServiceAxis=SIEB_PrincipalTransactionsMember', window );">Principal transactions [Member] | StockCross accounts [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_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</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>
</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 );">Total Revenue from Principal transactions</a></td>
<td class="nump">$ 1,292,000<span></span>
</td>
<td class="nump">$ 1,758,000<span></span>
</td>
<td class="nump">$ 2,523,000<span></span>
</td>
<td class="nump">$ 4,127,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_AdvisoryFeesRevenue">
<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_AdvisoryFeesRevenue</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_DisaggregationOfRevenueLineItems">
<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_DisaggregationOfRevenueLineItems</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_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=116637391&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_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://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 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 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<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=116634182&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>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6661557136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Provision for Income Tax (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations', window );">Effective tax rate from continuing operations</a></td>
<td class="nump">31.00%<span></span>
</td>
<td class="nump">7.00%<span></span>
</td>
<td class="nump">29.00%<span></span>
</td>
<td class="nump">14.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGross', window );">Deferred tax asset</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 5,576,000<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_DeferredFederalStateAndLocalTaxExpenseBenefit', window );">Deferred income tax</a></td>
<td class="nump">$ 412,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 502,000<span></span>
</td>
<td class="text"> <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_IncomeTaxesReceivable', window );">Income tax receivables</a></td>
<td class="nump">$ 348,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 348,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 79,000<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred state, local, and 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>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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<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>
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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>
<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)(2))<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 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>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</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 );">- 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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesReceivable">
<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 due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.</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 210.7-03.5(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&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 210.9-03.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<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 210.5-02.3(a)(4))<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_IncomeTaxesReceivable</td>
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<td>xbrli:monetaryItemType</td>
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<head>
<title></title>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6876023040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Provision for Income Tax (Schedule of Income Taxes) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract', window );"><strong>Current income tax expense/(benefit)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentFederalTaxExpenseBenefit', window );">Federal</a></td>
<td class="num">$ (69,000)<span></span>
</td>
<td class="nump">$ 298,000<span></span>
</td>
<td class="nump">$ 134,000<span></span>
</td>
<td class="nump">$ 570,000<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</a></td>
<td class="nump">106,000<span></span>
</td>
<td class="num">(161,000)<span></span>
</td>
<td class="nump">182,000<span></span>
</td>
<td class="num">(20,000)<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_CurrentFederalStateAndLocalTaxExpenseBenefit', window );">Current income tax expense</a></td>
<td class="nump">37,000<span></span>
</td>
<td class="nump">137,000<span></span>
</td>
<td class="nump">316,000<span></span>
</td>
<td class="nump">550,000<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_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract', window );"><strong>Deferred income tax</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>
</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="nump">264,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">311,000<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</a></td>
<td class="nump">148,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">191,000<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_DeferredFederalStateAndLocalTaxExpenseBenefit', window );">Deferred income tax</a></td>
<td class="nump">412,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">502,000<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 provision for income tax</a></td>
<td class="nump">$ 449,000<span></span>
</td>
<td class="nump">$ 137,000<span></span>
</td>
<td class="nump">$ 818,000<span></span>
</td>
<td class="nump">$ 550,000<span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current state, local, and 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>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 );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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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>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=116825942&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>
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<tr>
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<td style="white-space:nowrap;">us-gaap_CurrentFederalTaxExpenseBenefit</td>
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<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=116825942&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>
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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 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=116825942&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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred state, local, and 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>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_DeferredFederalStateAndLocalTaxExpenseBenefit</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_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract</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 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=116825942&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>
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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>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>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6607749184">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 992,000<span></span>
</td>
<td class="nump">$ 1,799,000<span></span>
</td>
<td class="nump">$ 1,998,000<span></span>
</td>
<td class="nump">$ 3,492,000<span></span>
</td>
</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">
<tr>
<td><strong> Name:</strong></td>
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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 );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6876111600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Disclosures (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jan. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="nump">$ 631,000<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="nump">$ 631,000<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 311,000<span></span>
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<td class="text">&#160;<span></span>
</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="nump">15.00%<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">15,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">54,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<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>
<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_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>
<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>
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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_RevenueFromRelatedParties', window );">Related party revenues</a></td>
<td class="nump">35,000<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">64,000<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="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_MSCOMember', window );">MSCO [Member]</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>
</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_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<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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<tr class="ro">
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<td class="nump">$ 1,600,000<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 1,600,000<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="nump">1,300,000<span></span>
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<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">$ 46,000<span></span>
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<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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payable to 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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of voting equity interests acquired at the acquisition date in the business combination.</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 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<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>Amount of income (loss) for proportionate share of equity method investee's 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 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&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 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<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 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: 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 (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<br></p></div>
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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>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>
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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 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=116637345&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=116634182&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>
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<td>duration</td>
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<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>
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<td><strong> Period Type:</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 );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6633243840">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Subsequent Events (Details)<br></strong></div></th>
<th class="th"><div>Jul. 19, 2019</div></th>
</tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
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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_PercentageOfRemainingInterestInEquityMethodInvestmentPurchased', window );">Percentage of remaining interest in StockCross purchased under binding letter of intent</a></td>
<td class="nump">85.00%<span></span>
</td>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of remaining interest in StockCross purchased under binding letter of intent.</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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.</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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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
