Note 6 - Securities Owned and Securities Sold, But Not Yet Purchased At Fair Value

3 Months Ended

Mar. 31, 2012

Schedule of Securities Owned and Sold, Not yet Purchased, at Fair Value [Table Text Block]

NOTE 6. SECURITIES OWNED AND SECURITIES SOLD, BUT NOT YET PURCHASED AT FAIR VALUE

The following tables show the fair market values of securities owned by the Company, and securities sold but not yet purchased by the Company, as of March 31, 2012 and September 30, 2011:

Fair Value Measurements

As of March 31, 2012
Securities owned at fair value	Level 1		Level 2		Level 3		Total
Corporate stocks	$	76,000		-		-	$	76,000
Corporate bonds		7,000		-		-		7,000
Government obligations		797,000		-		-		797,000
Restricted stock		-		58,000		-		58,000
	$	880,000	$	58,000	$	-	$	938,000
Securities sold, but not yet purchased at fair value	Level 1		Level 2		Level 3		Total
Corporate stocks	$	-		-		-	$	-
Corporate bonds		-		-		-		-
Government obligations		-		-		-		-
Restricted stock		-		-		-		-
	$	-	$	-	$	-	$	-
As of September 30, 2011
Securities owned at fair value	Level 1		Level 2		Level 3		Total
Corporate stocks	$	154,000		-		-	$	154,000
Corporate bonds		-		-		-		-
Government obligations		300,000		-		-		300,000
Restricted stock		-		24,000		-		24,000
	$	454,000	$	24,000	$	-	$	478,000
Securities sold, but not yet purchased at fair value	Level 1		Level 2		Level 3		Total
Corporate stocks	$	2,000		-		-	$	2,000
Corporate bonds		-		-		-		-
Government obligations		-		-		-		-
Restricted stock		-		-		-		-
	$	2,000	$	-	$	-	$	2,000