Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)	Mar. 31, 2016	Sep. 30, 2015
ASSETS
Cash	$ 22,747,000	$ 24,642,000
Restricted cash	373,000	218,000
Cash deposits with clearing organizations	1,030,000	1,005,000
Securities owned, at fair value	510,000	887,000
Receivables from broker-dealers and clearing organizations	3,552,000	3,078,000
Forgivable loans receivable	1,567,000	1,368,000
Other receivables, net	4,509,000	3,709,000
Prepaid expenses	2,028,000	1,727,000
Fixed assets, net	756,000	712,000
Intangible assets, net	6,958,000	7,331,000
Goodwill	6,531,000	6,531,000
Deferred tax asset, net	11,629,000	11,662,000
Other assets, principally refundable deposits	310,000	512,000
Total Assets	62,500,000	63,382,000
Liabilities
Securities sold, but not yet purchased, at fair value	1,000	32,000
Accrued commissions and payroll payable	10,470,000	10,244,000
Accounts payable and accrued expenses	5,510,000	6,602,000
Deferred clearing and marketing credits	1,100,000	1,205,000
Other	226,000	37,000
Total Liabilities	17,307,000	18,120,000
Stockholders’ Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized; none outstanding	0	0
Common stock $0.02 par value, 150,000,000 shares authorized; 12,440,035 issued and outstanding at March 31, 2016 and 12,473,968 issued and outstanding at September 30, 2015	249,000	249,000
Additional paid-in-capital	80,295,000	80,282,000
Accumulated deficit	(35,366,000)	(35,284,000)
Total National Holdings Corporation Stockholders’ Equity	45,178,000	45,247,000
Non-Controlling interest	15,000	15,000
Total Stockholders’ Equity	45,193,000	45,262,000
Total Liabilities and Stockholders’ Equity	$ 62,500,000	$ 63,382,000