v3.24.1.1.u2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Commissions and fees $ 2,300,000 $ 1,847,000
Interest, marketing and distribution fees 8,763,000 6,973,000
Principal transactions and proprietary trading 3,506,000 2,800,000
Market making 672,000 345,000
Stock borrow / stock loan 4,098,000 3,442,000
Advisory fees 490,000 444,000
Other income 627,000 319,000
Total Revenue 20,456,000 16,170,000
Expenses    
Employee compensation and benefits 10,376,000 6,967,000
Clearing fees, including execution costs 428,000 355,000
Technology and communications 876,000 789,000
Other general and administrative 1,029,000 1,093,000
Data processing 751,000 851,000
Rent and occupancy 497,000 478,000
Professional fees 1,037,000 1,074,000
Depreciation and amortization 255,000 190,000
Interest expense 51,000 88,000
Advertising and promotion 54,000 (28,000)
Total Expenses 15,354,000 11,857,000
Operating income 5,102,000 4,313,000
Earnings of equity method investment in related party 38,000
Non-operating income 38,000
Income before provision for income taxes 5,102,000 4,351,000
Provision for income taxes 1,415,000 1,136,000
Net income 3,687,000 3,215,000
Less net income (loss) attributable to noncontrolling interests (1,000) 19,000
Net income available to common stockholders $ 3,688,000 $ 3,196,000
Net income available to common stockholders per share of common stock    
Net income (loss) available to common stockholders per share of common stock, Basic (in Dollars per share) $ 0.09 $ 0.1
Weighted average shares outstanding    
Weighted average shares outstanding, Basic (in Shares) 39,769,398 32,505,329