SEGMENT INFORMATION

6 Months Ended

Mar. 31, 2018

The Company has two reportable segments. The brokerage and advisory services segment includes broker-dealer and investment advisory services, the sale of insurance products and licensed mortgage brokerage services provided by the Broker-Dealer Subsidiaries, NAM, National Insurance, Prime Financial and GC. The tax and accounting services segment includes tax preparation and accounting services provided by Gilman.

The Corporate pre-tax income (loss) consists of certain items that have not been allocated to reportable segments.

Segment information for the three and six months ended March 31, 2018 and 2017 is as follows:



	Brokerage and Advisory Services		Tax and Accounting Services		Corporate				Total
Three Months Ended March 31,
2018
Revenues	$	56,478,000	$	3,868,000	$	—			$	60,346,000
Pre-tax income (loss)	3,668,000		1,940,000		(6,282,000		)	(a)	(674,000		)
Assets	51,638,000		4,635,000		9,660,000			(b)	65,933,000
Depreciation and amortization	181,000		63,000		135,000				379,000
Interest	2,000		—		—				2,000
Capital expenditures	5,000		—		—				5,000
2017
Revenues	$	48,740,000	$	3,144,000	$	—			$	51,884,000
Pre-tax income	3,470,000		1,099,000		1,041,000			(c)	5,610,000
Assets	46,834,000		3,538,000		12,629,000			(b)	63,001,000
Depreciation and amortization	154,000		45,000		87,000				286,000
Interest	4,000		—		—				4,000
Capital expenditures	8,000		16,000		166,000				190,000



	Brokerage and Advisory Services		Tax and Accounting Services		Corporate				Total
Six Months Ended March 31,
2018
Revenues	$	106,034,000	$	4,391,000	$	—			$	110,425,000
Pre-tax income (loss)	5,242,000		948,000		(12,631,000		)	(a)	(6,441,000		)
Assets	51,638,000		4,635,000		9,660,000			(b)	65,933,000
Depreciation and amortization	367,000		121,000		270,000				758,000
Interest	5,000		—		—				5,000
Capital expenditures	44,000		6,000		—				50,000
2017
Revenues	$	92,453,000	$	4,000,000	$	—			$	96,453,000
Pre-tax income	6,574,000		387,000		4,387,000			(c)	11,348,000
Assets	46,834,000		3,538,000		12,629,000			(b)	63,001,000
Depreciation and amortization	312,000		92,000		178,000				582,000
Interest	8,000		—		—				8,000
Capital expenditures	27,000		63,000		264,000				354,000


(a)	Consists of loss on the change in fair value of warrant liability and executive salaries and other expenses not allocated to reportable segments by management.


(b)	Consists principally of deferred tax assets, cash, prepaid and fixed asset balances held at Corporate.


(c)	Consists of gain on the change in fair value of warrant liability offset in part by executive salaries and other expenses not allocated to reportable segments by management.