Segment Information

3 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Information

Note 8 - Segment Information

The Company's reportable operating segments are (i) independent brokerage services offered through ICC and (ii) asset management (investment advisory) services offered through ICC, doing business as ICA. The segments are strategic business units that are managed separately. They operate under different and complex regulatory systems, provide different services and require distinct marketing strategies and varied technological and operational support. They also have differing revenue models; ICC earns transactional commissions and various fees in connection with the brokerage of securities for its customers, whereas ICA generates recurring revenue from fees that are based on the value of assets under management.

Assets are allocated among ICH and its subsidiaries based upon legal ownership and the services provided. Total period-end assets are presented on a stand-alone basis, i.e., without inter-company eliminations. The Company does not allocate income taxes or unusual items to segments.Corporate items and eliminations are presented in the following table for the purpose of reconciling the stand-alone asset amounts to total consolidated assets.

Currently, management allocates all expenses separately to the parent and ICC, including allocation of costs associated with shared personnel, based upon time studies and a determination of which entities are the beneficiaries of the services rendered by the personnel.Within ICC, expenses are further allocated between the two segments, ICC and ICA as follows:overhead expenses pro rata to revenue, direct full-time and time-shared employee costs based on the segments being served, and other personnel-related expenses pro rata to head count.

Segment reporting is as follows for the quarter ended:

		June 30, 2012
		Commissions		Advisory		ICH		ICH Securities		Totals
Non-interest revenue	$	16,561,142	$	4,175,658	$	(12,928)	$	-	$	20,723,872
Revenue from transaction with
other operating segments:		229,916		-		-		-	$	229,916
Interest and dividend income, net		78,647		-		6		-	$	78,653
Depreciation and amortization		81,854		1,167		-		-	$	83,021
Income (loss) from operations		55,901		570,878		(177,763)		6	$	449,022
Period end total assets		13,765,374		421,381		2,517,783		10,336	$	16,714,874
Corporate items and eliminations		-		-		-		-	$	(1,471,237)
		June 30, 2011
		Commissions		Advisory		ICH		ICH Securities		Totals
Non-interest revenue	$	17,120,079	$	4,230,071	$	(10,717)	$	-	$	21,339,433
Revenue from transaction with
other operating segments:		356,546		-		-		-	$	356,546
Interest and dividend income, net		103,226		-		55		13	$	103,294
Depreciation and amortization		102,520		1,167		-		-	$	103,687
Income (loss) from operations		(943,389)		516,434		(389,220)		13	$	(816,162)
Period end total assets		15,304,156		884,387		2,470,587		10,303	$	18,669,433
Corporate items and eliminations		-		-		(780,386)		-	$	(780,386)