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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 454,000 $ (2,769,000)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities    
Depreciation and amortization 535,000 599,000
Amortization of forgivable loans to brokers 135,000 143,000
Loss on disposition of unconsolidated joint venture   1,051,000
Amortization of note discount   198,000
Fair value of options   10,000
Provision bad debt (97,000) 109,000
Net realized and unrealized loss (gain) on securities (18,000) 53,000
Non-controlling interest (7,000) (17,000)
Changes in assets and liabilities    
Deposits with clearing organizations   50,000
Receivables from broker-dealers, clearing organizations and others 78,000 (807,000)
Other receivables (503,000) (99,000)
Advances to registered representatives 9,000 50,000
Securities owned: marketable, at market value (1,358,000) (479,000)
Securities owned: non-marketable, at fair value (367,000) (34,000)
Other assets (81,000) (139,000)
Accounts payable, accrued expenses and other liabilities 1,092,000 4,923,000
Payable to broker-dealers and clearing organizations (106,000) 18,000
Securities sold, but not yet purchased, at market 212,000 (2,000)
Net cash (used in) provided by operating activities (22,000) 2,858,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital contribution to unconsolidated joint venture   (550,000)
Purchase of fixed assets (36,000) (93,000)
Net cash used in investing activities (36,000) (643,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of subordinated borrowings   (60,000)
Repayment of notes payable (2,800,000) (3,000,000)
Proceeds from issuance of convertible notes payable   3,100,000
Proceeds from issuance of common stock 8,420,000  
Net cash provided by financing activities 5,620,000 40,000
NET INCREASE IN CASH 5,562,000 2,255,000
CASH BALANCE    
Beginning of the period 7,934,000 6,698,000
End of the period 13,496,000 8,953,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 333,000 240,000
Income taxes      
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Preferred stock dividends   715,000
Deemed distribution to noncontrolling interest 146,000  
Conversion of Preferred Stock to shares of common stock 6,156,000 83,000
Common Stock to Liability [Member]
   
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Conversion of debt 125,000 450,000
Debt to Equity [Member]
   
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Conversion of debt 5,000,000  
Warrants to Equity [Member]
   
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Conversion of debt $ 259,000