XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Business Combinations [Abstract] |
Schedule of Assets Acquired and Liabilities Assumed | The Company acquired various assets and liabilities from StockCross which were recorded at their historical carrying amounts and summarized below:
|  | Historical Carrying Value
Assets acquired |  |
Cash and cash equivalents |  | $ | 1,588,000
Cash and securities segregated for regulatory purposes |  |  | 224,814,000
Receivables from customers |  |  | 86,331,000
Receivables from broker-dealers and clearing organizations |  |  | 3,105,000
Other receivables |  |  | 627,000
Prepaid expenses and other assets |  |  | 346,000
Securities borrowed |  |  | 193,529,000
Securities owned, at fair value |  |  | 3,018,000
Furniture, equipment and leasehold improvements, net |  |  | 19,000
Lease right-of-use assets |  |  | 1,141,000
Deferred tax assets |  |  | 407,000
Total Assets acquired |  |  | 514,925,000
Liabilities assumed |  |  |
Payables to customers |  |  | 308,091,000
Payables to non-customers |  |  | 9,151,000
Drafts payable |  |  | 2,834,000
Payables to broker-dealers and clearing organizations |  |  | 1,406,000
Accounts payable and accrued liabilities |  |  | 963,000
Securities loaned |  |  | 170,443,000
Securities sold, not yet purchased, at fair value |  |  | 28,000
Notes payable – related party |  |  | 5,000,000
Lease liabilities |  |  | 1,295,000
Total Liabilities assumed |  |  | 499,211,000
Net Assets acquired |  | $ | 15,714,000

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration