Consolidated Statements of Financial Condition - USD ($)	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 8,639,000	$ 9,420,000
Receivable from brokers	525,000	626,000
Receivable from business sold to former affiliate net of unamortized discount of $849,000 and $908,000	1,658,000	2,092,000
Other receivable from former affiliate, including accrued interest of $127,000 and $46,000	4,127,000	4,046,000
Securities owned, at fair value	677,000	593,000
Furniture, equipment and leasehold improvements, net	324,000	374,000
Advance to former affiliate	82,000	0
Prepaid expenses and other assets	646,000	634,000
Total	16,678,000	17,785,000
Liabilities:
Accounts payable and accrued liabilities, including $171,000 payable to former affiliate on December 31,2015	1,496,000	2,102,000
Stockholders' equity:
Common stock, $.01 par value; 49,000,000 shares authorized, 23,211,846 shares issued, 22,085,126 shares outstanding at March 31, 2016 and December 31, 2015, respectively	232,000	232,000
Additional paid-in capital	19,490,000	19,490,000
Retained earnings	220,000	721,000
Less: 1,126,720 shares of treasury stock, at cost	(4,760,000)	(4,760,000)
Total	15,182,000	15,683,000
Total	$ 16,678,000	$ 17,785,000