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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value | The following tables present the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of the periods presented.
|  | As of September 30, 2020 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | — |  |  | $ | 142,000 |  |  | $ | — |  |  | $ | 142,000 |
Securities owned, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities* |  | $ | 2,028,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,028,000 |
Certificates of deposit |  |  | — |  |  |  | 91,000 |  |  |  | — |  |  |  | 91,000 |
Corporate bonds |  |  | — |  |  |  | 120,000 |  |  |  | — |  |  |  | 120,000 |
Equity securities |  |  | 765,000 |  |  |  | 343,000 |  |  |  | — |  |  |  | 1,108,000 |
Mutual funds |  |  | 133,000 |  |  |  | — |  |  |  | — |  |  |  | 133,000 |
Total Securities owned, at fair value |  | $ | 2,926,000 |  |  | $ | 554,000 |  |  | $ | — |  |  | $ | 3,480,000 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities sold, not yet purchased, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | — |  |  | $ | 25,000 |  |  | $ | — |  |  | $ | 25,000 |
Total Securities sold, not yet purchased, at fair value |  | $ | — |  |  | $ | 25,000 |  |  | $ | — |  |  | $ | 25,000 |
*As of September 30, 2020, U.S. government securities mature on 08/31/2021
|  | As of December 31, 2019 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | — |  |  | $ | 142,000 |  |  | $ | — |  |  | $ | 142,000 |
Segregated securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities |  | $ | 1,311,000 |  |  |  | — |  |  |  | — |  |  | $ | 1,311,000 |
Securities owned, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities |  | $ | 2,007,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,007,000 |
Corporate bonds |  |  | — |  |  |  | 25,000 |  |  |  | — |  |  |  | 25,000 |
Equity securities |  |  | 453,000 |  |  |  | 245,000 |  |  |  | 288,000 |  |  |  | 986,000 |
Total Securities owned, at fair value |  | $ | 2,460,000 |  |  | $ | 270,000 |  |  | $ | 288,000 |  |  | $ | 3,018,000 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities sold, not yet purchased, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | 88,000 |  |  | $ | 28,000 |  |  | $ | — |  |  | $ | 116,000 |
Total Securities sold, not yet purchased, at fair value |  | $ | 88,000 |  |  | $ | 28,000 |  |  | $ | — |  |  | $ | 116,000 |
Schedule of Changes in Level 3 Equity Assets |
|  | Changes in Level 3 Equity Assets |
|  | Nine Months Ended September 30, 2020 |
|  | Amount |  | Valuation Technique | Reason for Change
Balance – January 1, 2020 |  | $ | 288,000 |  | Liquidation value based on valuation report |
Transfers out of level 3 |  |  | (288,000 | ) |  | Sale of equity security
Balance – September 30, 2020 |  | $ | — |  |  |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of financial instruments held by a broker-dealer for its own account (proprietary securities) for trading or investment purposes that are carried at fair value including securities sold, not yet purchased. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35711157&loc=d3e42546-110969 + Details
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