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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 5,200,000 $ 5,735,000
Cash and securities segregated for regulatory purposes; (Cash of $128.0 million, securities with a fair value of $86.6 million as of June 30, 2024; Cash of $158.8 million, securities with a fair value of $115.5 million as of December 31, 2023) 214,635,000 274,317,000
Receivables from customers 74,875,000 72,823,000
Receivables from broker-dealers and clearing organizations 8,720,000 3,863,000
Receivables from non-customers 455,000 241,000
Other receivables 4,097,000 2,424,000
Prepaid expenses and other assets 1,693,000 1,700,000
Securities borrowed 253,781,000 394,709,000
Securities owned, at fair value 16,768,000 18,038,000
Total Current assets 580,224,000 773,850,000
Deposits with broker-dealers and clearing organizations 7,279,000 7,885,000
Property, office facilities, and equipment, net 10,195,000 9,404,000
Software, net 3,454,000 1,432,000
Lease right-of-use assets 2,297,000 2,736,000
Deferred tax assets 3,672,000 4,504,000
Goodwill 1,989,000 1,989,000
Total Assets 609,110,000 801,800,000
Current liabilities    
Payables to customers 233,873,000 289,777,000
Payables to non-customers 186,000 713,000
Drafts payable 1,527,000 1,726,000
Payables to broker-dealers and clearing organizations 5,015,000 481,000
Accounts payable and accrued liabilities 4,104,000 3,639,000
Taxes payable 1,581,000 2,313,000
Securities loaned 272,515,000 419,433,000
Securities sold, not yet purchased, at fair value 2,000 2,000
Current portion of lease liabilities 702,000 759,000
Current portion of long-term debt 86,000 84,000
Current portion of deferred contract incentive 758,000 808,000
Current portion of contract termination liability 1,820,000 1,898,000
Total Current liabilities 522,169,000 721,633,000
Lease liabilities, less current portion 1,843,000 2,227,000
Long-term debt, less current portion 4,184,000 4,229,000
Deferred contract incentive, less current portion 63,000 438,000
Contract termination liability, less current portion 1,673,000 2,564,000
Total Liabilities 529,932,000 731,091,000
Commitments and Contingencies
Stockholders’ equity    
Common stock, $.01 par value; 100,000,000 shares authorized; 40,950,936 shares issued and 39,950,936 shares outstanding as of June 30, 2024, respectively. 40,580,936 shares issued and 39,580,936 shares outstanding as of December 31, 2023, respectively. 410,000 406,000
Treasury stock, at cost; 1,000,000 shares held as of both June 30, 2024 and December 31, 2023, respectively (2,510,000) (2,510,000)
Additional paid-in capital 45,747,000 45,016,000
Retained earnings 34,536,000 26,808,000
Total Stockholders’ equity 78,183,000 69,720,000
Noncontrolling interests 995,000 989,000
Total Equity 79,178,000 70,709,000
Total Liabilities and Equity $ 609,110,000 $ 801,800,000