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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 2,856,000 $ 5,735,000
Cash and securities segregated for regulatory purposes; (Cash of $117.7 million, securities with a fair value of $100.4 million as of March 31, 2024; Cash of $158.8 million, securities with a fair value of $115.5 million as of December 31, 2023) 218,173,000 274,317,000
Receivables from customers 74,727,000 72,823,000
Receivables from broker-dealers and clearing organizations 9,228,000 3,863,000
Receivables from non-customers 646,000 241,000
Other receivables 2,620,000 2,424,000
Prepaid expenses and other assets 1,832,000 1,700,000
Securities borrowed 383,670,000 394,709,000
Securities owned, at fair value 19,270,000 18,038,000
Total Current assets 713,022,000 773,850,000
Deposits with broker-dealers and clearing organizations 7,978,000 7,885,000
Property, office facilities, and equipment, net 10,107,000 9,404,000
Software, net 2,585,000 1,432,000
Lease right-of-use assets 2,502,000 2,736,000
Deferred tax assets 4,120,000 4,504,000
Goodwill 1,989,000 1,989,000
Total Assets 742,303,000 801,800,000
Current liabilities    
Payables to customers 248,339,000 289,777,000
Payables to non-customers 749,000 713,000
Drafts payable 1,834,000 1,726,000
Payables to broker-dealers and clearing organizations 2,003,000 481,000
Accounts payable and accrued liabilities 4,866,000 3,639,000
Taxes payable 3,342,000 2,313,000
Bank loans 4,800,000  
Securities loaned 389,474,000 419,433,000
Securities sold, not yet purchased, at fair value 1,000 2,000
Current portion of lease liabilities 730,000 759,000
Current portion of long-term debt 87,000 84,000
Current portion of deferred contract incentive 783,000 808,000
Current portion of contract termination liability 1,858,000 1,898,000
Total Current liabilities 658,866,000 721,633,000
Lease liabilities, less current portion 2,037,000 2,227,000
Long-term debt, less current portion 4,205,000 4,229,000
Deferred contract incentive, less current portion 250,000 438,000
Contract termination liability, less current portion 2,114,000 2,564,000
Total Liabilities 667,472,000 731,091,000
Commitments and Contingencies
Stockholders’ equity    
Common stock, $.01 par value; 100,000,000 shares authorized; 40,830,936 shares issued and 39,830,936 shares outstanding as of March 31, 2024, respectively. 40,580,936 shares issued and 39,580,936 shares outstanding as of December 31, 2023, respectively. 409,000 406,000
Treasury stock, at cost; 1,000,000 and 0 shares held as of March 31, 2024 and December 31, 2023, respectively (2,510,000) (2,510,000)
Additional paid-in capital 45,448,000 45,016,000
Retained earnings 30,496,000 26,808,000
Total Stockholders’ equity 73,843,000 69,720,000
Noncontrolling interests 988,000 989,000
Total Equity 74,831,000 70,709,000
Total Liabilities and Equity $ 742,303,000 $ 801,800,000