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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 25,713,000 $ 32,629,000
Cash and securities segregated for regulatory purposes; (Cash of $107.1 million, securities with a fair value of $44.4 million as of March 31, 2025; Cash of $135.8 million, securities with a fair value of $68.8 million as of December 31, 2024) 151,448,000 204,587,000
Receivables from customers 79,576,000 84,367,000
Receivables from broker-dealers and clearing organizations 4,771,000 3,920,000
Receivables from non-customers 802,000 607,000
Other receivables 2,904,000 2,744,000
Prepaid expenses and other assets 2,720,000 2,257,000
Securities borrowed 207,591,000 139,040,000
Securities owned, at fair value 29,364,000 21,385,000
Total Current assets 504,889,000 491,536,000
Deposits with broker-dealers and clearing organizations 5,599,000 4,227,000
Property, office facilities, and equipment, net 10,211,000 10,245,000
Software, net 5,651,000 4,836,000
Other intangible assets, net 648,000 697,000
Lease right-of-use assets 2,229,000 2,390,000
Deferred tax assets 2,641,000 3,418,000
Goodwill 2,319,000 2,319,000
Total Assets 534,187,000 519,668,000
Current liabilities    
Payables to customers 206,922,000 227,129,000
Payables to non-customers 2,656,000 3,297,000
Drafts payable 1,055,000 1,331,000
Payables to broker-dealers and clearing organizations 1,291,000 444,000
Accounts payable and accrued liabilities 4,810,000 5,240,000
Taxes payable 3,241,000 2,183,000
Securities loaned 210,688,000 184,962,000
Securities sold, not yet purchased, at fair value 142,000 26,000
Current portion of lease liabilities 1,092,000 886,000
Current portion of long-term debt 89,000 88,000
Current portion of deferred contract incentive 283,000 496,000
Current portion of contract termination liability 1,709,000 1,748,000
Total Current liabilities 433,978,000 427,830,000
Lease liabilities, less current portion 1,416,000 1,787,000
Long-term debt, less current portion 4,116,000 4,140,000
Contract termination liability, less current portion 405,000 819,000
Total Liabilities 439,915,000 434,576,000
Commitments and Contingencies
Stockholders’ equity    
Common stock, $.01 par value; 100,000,000 shares authorized; 41,357,936 shares issued and 40,357,936 shares outstanding as of March 31, 2025, respectively. 41,120,936 shares issued and 40,120,936 shares outstanding as of December 31, 2024, respectively. 414,000 412,000
Treasury stock, at cost; 1,000,000 shares held as of both March 31, 2025 and December 31, 2024 (2,510,000) (2,510,000)
Additional paid-in capital 46,642,000 46,090,000
Retained earnings 48,758,000 40,094,000
Total Stockholders’ equity 93,304,000 84,086,000
Noncontrolling interests 968,000 1,006,000
Total Equity 94,272,000 85,092,000
Total Liabilities and Equity $ 534,187,000 $ 519,668,000