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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 18,992 $ 56,762
Receivables from brokers, dealers, and clearing agencies 38,371 46,194
Other receivables 12,838 8,896
Investments-trading 154,427 140,576
Other Investments, Fair Value Disclosure 61,578 57,258
Receivables under resale agreements 359,602 357,408
Investments in equity method affiliates 11,258 6,661
Deferred income taxes 4,126 4,126
Goodwill [1] 109 109
Right-of-use asset - operating leases 15,226 15,406
Other assets 5,803 5,788
Total assets 684,137 700,585
Liabilities    
Payables to brokers, dealers, and clearing agencies 22,764 4
Accounts payable and other liabilities 16,738 17,944
Accrued compensation 55,840 92,689
Lease liability - operating leases 16,755 16,959
Trading securities sold, not yet purchased 38,095 36,617
Other investments sold, not yet purchased, at fair value 11 0
Securities sold under agreements to repurchase 402,389 400,391
Debt 28,590 32,895
Total liabilities 583,991 597,499
Commitments and contingencies (See note 20)
Stockholders' Equity:    
Voting Non-Convertible Preferred Stock, $0.001 par value per share, 50,000,000 shares authorized, 27,413,098 shares issued and outstanding 27 27
Common Stock, $0.01 par value per share, 100,000,000 shares authorized, 2,477,655 and 2,130,063 shares issued and outstanding, respectively, including 589,782 and 380,008 unvested or restricted share awards, respectively 25 21
Additional paid-in capital 79,868 78,539
Accumulated other comprehensive loss (943) (914)
Accumulated deficit (27,452) (26,593)
Total stockholders' equity 51,525 51,080
Non-controlling interest 48,621 52,006
Total equity 100,146 103,086
Total liabilities and equity 684,137 700,585
Related Party [Member]    
Assets    
Due from related party 1,807 1,401
Liabilities    
Due to related parties $ 2,809 $ 0
[1] Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above.