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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Schedule of Major Revenue Categories | The following table presents the major revenue categories and when each category is recognized:
|  | Year Ended December 31, |  |  |
Revenue Category |  | 2019 |  |  | 2018 |  |  | Timing of Recognition
Trading Execution and Clearing Services |  |  |  |  |  |  |  |
Commissions and fees |  | $ | 8,302,000 |  |  | $ | 9,504,000 |  |  | Recorded on trade date
Principal transactions |  |  | 8,061,000 |  |  |  | 9,020,000 |  |  | Recorded on trade date
Advisory fees |  |  | 801,000 |  |  |  | 478,000 |  |  | Recorded as earned
Total Trading Execution and Clearing Services |  |  | 17,164,000 |  |  |  | 19,002,000 |  |  |
Other Income |  |  |  |  |  |  |  |  |  |
Margin interest, marketing and distribution fees |  |  |  |  |  |  |  |  |  |
Margin interest |  |  | 8,134,000 |  |  |  | 7,663,000 |  |  | Recorded as earned
12b1 fees |  |  | 2,987,000 |  |  |  | 3,265,000 |  |  | Recorded as earned
Total Margin interest, marketing and distribution fees |  |  | 11,121,000 |  |  |  | 10,928,000 |  |  |
Interest and other income |  |  | 308,000 |  |  |  | 106,000 |  |  | Recorded as earned
Total Other Income |  |  | 11,429,000 |  |  |  | 11,034,000 |  |  |
Total Revenue |  | $ | 28,593,000 |  |  | $ | 30,036,000 |  |  |
Schedule of Performance Obligation | The following table presents each revenue category and its related performance obligation:
Revenue Stream | Performance Obligation
Commissions and fees, Principal transactions, Advisory fees | Provide security trading services to customer and act as agent
Margin interest, marketing and distribution fees, Interest and other income | n/a
Disaggregation of revenue | The following table presents a breakdown of the Company’s revenue between the amounts attributed to the retail customer accounts that were originally part of Siebert (“Legacy Siebert”) vs. the retail customer accounts the Company acquired from StockCross as part of the transaction that closed in December 2017 (“StockCross Retail Assets”): Siebert 2019 Form-10K 47
|  | Year Ended December 31, |
|  | 2019 |  |  | 2018 |
Revenue from Margin interest, marketing and distribution fees |  |  |  |  |  |
Margin interest, marketing and distribution fees – Legacy Siebert |  | $ | 9,723,000 |  |  | $ | 9,674,000 |
Margin interest, marketing and distribution fees – StockCross Retail Assets |  |  | 1,398,000 |  |  |  | 1,254,000 |
Total Revenue from Margin interest, marketing and distribution fees |  | $ | 11,121,000 |  |  | $ | 10,928,000 |
Revenue from Principal transactions |  |  |  |  |  |  |  |
Principal transactions – Legacy Siebert |  | $ | 2,154,000 |  |  | $ | 1,894,000 |
Principal transactions – StockCross Retail Assets |  |  | 5,907,000 |  |  |  | 7,126,000 |
Total Revenue from Principal transactions |  | $ | 8,061,000 |  |  | $ | 9,020,000 |
Revenue from Commissions and fees |  |  |  |  |  |  |  |
Commissions and fees – Legacy Siebert |  | $ | 7,037,000 |  |  | $ | 7,792,000 |
Commissions and fees – StockCross Retail Assets |  |  | 1,265,000 |  |  |  | 1,712,000 |
Total Revenue from Commissions and fees |  | $ | 8,302,000 |  |  | $ | 9,504,000 |
Additional Revenue: |  |  |  |  |  |  |  |
Advisory fees – Legacy Siebert |  |  | 801,000 |  |  |  | 478,000 |
Interest – Legacy Siebert |  |  | 308,000 |  |  |  | 106,000 |
Total Revenue |  | $ | 28,593,000 |  |  | $ | 30,036,000

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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