Segment Information

12 Months Ended

Sep. 30, 2019

SEGMENT INFORMATION

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

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

Segment information for the years ended September 30, 2019, 2018 and 2017 is as follows:



2019	Brokerage and Advisory Services		Tax and Accounting Services		Corporate				Total
Revenues	$	204,134,000	$	8,807,000	$	—			$	212,941,000
Pre-tax income (loss)	7,522,000		85,000		(5,447,000		)	(b)	2,160,000

Identifiable assets	61,880,000		4,313,000		15,014,000			(c)	81,207,000
Depreciation and amortization	841,000		490,000		501,000				1,832,000
Interest	32,000								32,000
Capital expenditures	776,000		75,000		2,273,000				3,124,000

2018	Brokerage and Advisory Services		Tax and Accounting Services		Corporate				Total
Revenues	$	203,343,000	$	7,772,000	$	—			$	211,115,000
Pre-tax (loss) income	5,176,000		895,000		(14,393,000		)	(d)	(8,322,000		)

Identifiable assets	51,946,000		4,407,000		12,096,000			(c)	68,449,000
Depreciation and amortization	749,000		263,000		539,000				1,551,000
Interest	97,000								97,000
Capital expenditures	564,000		43,000		331,000				938,000

2017	Brokerage and Advisory Services		Tax and Accounting Services		Corporate				Total
Revenues	182,431,000		7,439,000		—				189,870,000
Pre-tax (loss) income	11,516,000		649,000		4,414,000			(a)	16,579,000

Identifiable assets	47,213,000		2,984,000		14,201,000			(c)	64,398,000
Depreciation and amortization	694,000		181,000		354,000				1,229,000
Interest	14,000								14,000
Capital expenditures	140,000		73,000		1,459,000				1,672,000

(a)Consists of the 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.

(b)Consists of board of director fees and other expenses not allocated to reportable segments by management.

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

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