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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Sep. 30, 2015
Sep. 30, 2014
Revenues            
Commissions $ 25,051,000 $ 24,272,000 $ 71,722,000 $ 74,434,000 $ 96,222,000 $ 114,301,000
Net dealer inventory gains 2,340,000 2,418,000 7,483,000 8,562,000 10,512,000 16,482,000
Investment banking 10,735,000 6,356,000 22,921,000 15,869,000 21,004,000 19,035,000
Investment advisory 3,361,000 3,797,000 10,337,000 11,149,000 14,967,000 14,161,000
Interest and dividends 702,000 946,000 2,415,000 2,624,000 3,604,000 3,541,000
Transaction fees and clearing services 1,591,000 1,735,000 5,512,000 6,302,000 7,993,000 8,676,000
Tax preparation and accounting 2,386,000 2,724,000 7,222,000 7,231,000 8,248,000 7,811,000
Other 176,000 87,000 385,000 280,000 496,000 285,000
Total Revenues 46,342,000 42,335,000 127,997,000 126,451,000 163,046,000 184,292,000
Operating Expenses            
Commissions, compensation and fees 39,667,000 35,831,000 110,260,000 107,228,000 139,452,000 152,145,000
Clearing fees 509,000 681,000 1,798,000 2,209,000 2,904,000 3,701,000
Communications 786,000 927,000 2,427,000 2,891,000 4,774,000 4,772,000
Occupancy 982,000 999,000 2,886,000 2,977,000 4,051,000 4,056,000
License and registration 417,000 335,000 1,155,000 1,025,000 1,725,000 1,620,000
Professional fees 2,327,000 1,720,000 4,897,000 3,727,000 4,301,000 4,099,000
Interest 13,000 6,000 16,000 12,000 13,000 33,000
Depreciation and amortization 302,000 294,000 898,000 862,000 1,127,000 1,136,000
Other administrative expenses 1,624,000 1,185,000 3,973,000 4,111,000 4,221,000 4,908,000
Total Operating Expenses 46,627,000 41,978,000 128,310,000 125,042,000 162,568,000 176,470,000
Income before Income Tax Expense (Benefit) (285,000) 357,000 (313,000) 1,409,000 478,000 [1] 7,822,000
Income tax (benefit) expense $ (124,000) $ 208,000 (69,000) $ 626,000 193,000 (10,821,000)
NET INCOME     $ (244,000)   $ 285,000 $ 18,643,000
Net (loss) income per share - Basic (in dollars per share) $ (0.01) $ 0.01 $ (0.02) $ 0.06 $ 0.02 $ 1.51
Net (loss) income per share - Diluted (in dollars per share) $ (0.01) $ 0.01 $ (0.02) $ 0.06 $ 0.02 $ 1.50
Weighted average number of shares outstanding - Basic (in shares) 12,440,035 12,446,365 12,442,059 12,446,365 12,464,496 12,322,110
Weighted average number of shares outstanding - Diluted (in shares) 12,440,035 12,491,170 12,442,059 12,495,475 12,502,254 12,408,348
[1] Consists of executive salaries and other expenses not allocated to reportable segments by management.