| Schedule of Company’s Recognition of Revenue from Contracts |
The
table below presents detailed information on the Company’s recognition of revenue from contracts with customers as well as revenues
from financial instruments, which are outside the scope of Topic 606, by major types of services for the periods indicated.
| | |
Three
Months Ended
June 30, | | |
Six
Months Ended
June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Revenues from Contracts with Customers | |
| | |
| | |
| | |
| |
| Principal transactions and proprietary trading | |
| | |
| | |
| | |
| |
| Riskless principal transactions with customers | |
$ | 2,453,000 | | |
$ | 3,285,000 | | |
$ | 6,161,000 | | |
$ | 6,720,000 | |
| Investment banking and advisory fees | |
| 206,000 | | |
| — | | |
| 206,000 | | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Commissions and fees | |
| | | |
| | | |
| | | |
| | |
| Brokerage commissions | |
| 1,515,000 | | |
| 1,950,000 | | |
| 3,058,000 | | |
| 3,842,000 | |
| Distribution fees | |
| 343,000 | | |
| 379,000 | | |
| 701,000 | | |
| 705,000 | |
| Insurance commissions | |
| 156,000 | | |
| 274,000 | | |
| 357,000 | | |
| 356,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Stock borrow / stock loan | |
| | | |
| | | |
| | | |
| | |
| Retail fees (rebates) | |
| 4,000 | | |
| (3,000 | ) | |
| 10,000 | | |
| (12,000 | ) |
| Stock locate services | |
| 5,957,000 | | |
| 4,208,000 | | |
| 9,989,000 | | |
| 7,806,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Other income | |
| | | |
| | | |
| | | |
| | |
| Administrative fees | |
| 426,000 | | |
| 823,000 | | |
| 857,000 | | |
| 1,164,000 | |
| Payment for order flow | |
| 413,000 | | |
| 317,000 | | |
| 756,000 | | |
| 612,000 | |
| Other commissions | |
| — | | |
| 27,000 | | |
| — | | |
| 18,000 | |
| Recorded music revenue | |
| 113,000 | | |
| — | | |
| 113,000 | | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Advisory fees | |
| 791,000 | | |
| 551,000 | | |
| 1,539,000 | | |
| 1,041,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total Revenues from Contracts with Customers | |
$ | 12,377,000 | | |
$ | 11,811,000 | | |
$ | 23,747,000 | | |
$ | 22,252,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Revenue Outside the Scope of Topic 606 | |
| | | |
| | | |
| | | |
| | |
| Principal transactions and proprietary trading | |
| | | |
| | | |
| | | |
| | |
| Proprietary trading | |
$ | 373,000 | | |
$ | 289,000 | | |
$ | 393,000 | | |
$ | 360,000 | |
| Principal transactions – Investment in Equity Security | |
| (6,803,000 | ) | |
| — | | |
| 2,430,000 | | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Interest, marketing and distribution fees | |
| | | |
| | | |
| | | |
| | |
| Margin interest | |
| 3,513,000 | | |
| 3,831,000 | | |
| 6,908,000 | | |
| 7,807,000 | |
| Interest income | |
| 2,838,000 | | |
| 3,498,000 | | |
| 5,888,000 | | |
| 7,779,000 | |
| Marketing and distribution fees | |
| 518,000 | | |
| 506,000 | | |
| 1,018,000 | | |
| 1,012,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Stock borrow / stock loan | |
| | | |
| | | |
| | | |
| | |
| Stock rebate revenue | |
| 1,561,000 | | |
| 491,000 | | |
| 2,360,000 | | |
| 1,000,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Market making | |
| 497,000 | | |
| 437,000 | | |
| 1,049,000 | | |
| 1,109,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total Revenue Outside the Scope of Topic 606 | |
| 2,497,000 | | |
| 9,052,000 | | |
| 20,046,000 | | |
| 19,067,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total Revenue | |
$ | 14,874,000 | | |
$ | 20,863,000 | | |
$ | 43,793,000 | | |
$ | 41,319,000 | |
|