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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities    
Net income $ 8,661,000 $ 3,687,000
Adjustments to reconcile net income to net cash used in operating activities:    
Deferred income tax expense 777,000 384,000
Depreciation and amortization 415,000 255,000
Share-based compensation [1] 554,000 85,000
Interest related to contract termination liability payment 50,000 10,000
Changes in    
Securities segregated for regulatory purposes 24,389,000 15,075,000
Receivables from customers 4,791,000 (1,904,000)
Receivables from non-customers (195,000) (405,000)
Receivables from and deposits with broker-dealers and clearing organizations (2,223,000) (5,458,000)
Securities borrowed (68,551,000) 11,039,000
Securities owned, at fair value (7,979,000) (1,232,000)
Prepaid expenses and other assets (623,000) (328,000)
Payables to customers (20,207,000) (41,438,000)
Payables to non-customers (641,000) 36,000
Drafts payable (276,000) 108,000
Payables to broker-dealers and clearing organizations 847,000 1,522,000
Accounts payable and accrued liabilities (430,000) 1,227,000
Securities loaned 25,726,000 (29,959,000)
Securities sold, not yet purchased, at fair value 116,000 (1,000)
Net lease liabilities (4,000) 15,000
Taxes payable 1,058,000 1,029,000
NFS business development credits (213,000) (213,000)
Contract termination liability payment (503,000) (500,000)
Net cash used in operating activities (34,461,000) (46,966,000)
Cash Flows From Investing Activities    
Purchase of office facilities and equipment (63,000) (28,000)
Purchase of software (940,000) (877,000)
Additions to property, office facilities, and equipment (144,000) (821,000)
Transaction with J2 Financial (35,000)
Net cash used in investing activities (1,147,000) (1,761,000)
Cash Flows From Financing Activities    
Draws on bank loans 4,800,000
RISE cash distribution (35,000)
Repayments of long-term debt (23,000) (21,000)
Net cash (used in) / provided by financing activities (58,000) 4,779,000
Net change in cash and cash equivalents, and cash segregated for regulatory purposes (35,666,000) (43,948,000)
Cash and cash equivalents, and cash segregated for regulatory purposes - beginning of period 168,458,000 164,537,000
Cash and cash equivalents, and cash segregated for regulatory purposes - end of period 132,792,000 120,589,000
Reconciliation of cash, cash equivalents, and cash and securities segregated for regulatory purposes    
Cash and cash equivalents - end of period 25,713,000 2,856,000
Cash segregated for regulatory purposes - end of period 107,079,000 117,733,000
Cash and cash equivalents, and cash segregated for regulatory purposes - end of period 132,792,000 120,589,000
Supplemental cash flow information    
Cash paid during the period for income taxes 2,000
Cash paid during the period for interest 39,000 41,000
Non-cash investing and financing activities    
Transaction with J2 Financial [2] $ 350,000
[1] Refer to Note 18 – Employee Benefit Plans for further detail.
[2] Refer to Note 10 – Software, Net in the Company’s 2024 10-K for further information.