2019 Q4 Form 10-K Financial Statement
#000115752321000321 Filed on March 10, 2021
Income Statement
| Concept | 2019 Q4 | 2019 |
|---|---|---|
| Revenue | $11.07M | $42.78M |
| YoY Change | 70.57% | 42.4% |
| Cost Of Revenue | $590.0K | $2.080M |
| YoY Change | ||
| Gross Profit | $10.47M | $40.70M |
| YoY Change | ||
| Gross Profit Margin | 94.58% | 95.14% |
| Selling, General & Admin | $10.68M | $35.19M |
| YoY Change | 94.89% | 56.19% |
| % of Gross Profit | 102.01% | 86.46% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $310.0K | $1.000M |
| YoY Change | 520.0% | 614.29% |
| % of Gross Profit | 2.96% | 2.46% |
| Operating Expenses | $11.08M | $38.49M |
| YoY Change | 111.05% | 69.72% |
| Operating Profit | -$610.0K | $2.207M |
| YoY Change | ||
| Interest Expense | -$50.00K | $135.0K |
| YoY Change | ||
| % of Operating Profit | 6.12% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$660.0K | $4.280M |
| YoY Change | -153.66% | -41.85% |
| Income Tax | -$320.0K | $1.048M |
| % Of Pretax Income | 24.49% | |
| Net Earnings | -$340.0K | $3.236M |
| YoY Change | -106.36% | -72.94% |
| Net Earnings / Revenue | -3.07% | 7.56% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$10.47K | $106.4K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 Q4 | 2019 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.700M | $4.700M |
| YoY Change | -34.72% | -34.72% |
| Cash & Equivalents | $4.670M | $4.700M |
| Short-Term Investments | $196.5M | $196.5M |
| Other Short-Term Assets | $1.000M | $225.9M |
| YoY Change | 100.0% | 45080.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $89.90M | $89.90M |
| Other Receivables | $700.0K | $700.0K |
| Total Short-Term Assets | $517.7M | $321.2M |
| YoY Change | 4693.78% | 2874.07% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.150M | $5.100M |
| YoY Change | 91.67% | 750.0% |
| Goodwill | $1.989M | |
| YoY Change | ||
| Intangibles | $1.022M | |
| YoY Change | ||
| Long-Term Investments | $196.5M | $196.5M |
| YoY Change | ||
| Other Assets | $230.3M | $5.400M |
| YoY Change | 4012.5% | -3.57% |
| Total Long-Term Assets | $20.34M | $216.9M |
| YoY Change | 174.85% | 2831.08% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $517.7M | $321.2M |
| Total Long-Term Assets | $20.34M | $216.9M |
| Total Assets | $538.1M | $538.1M |
| YoY Change | 2856.41% | 2856.59% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $316.7M | $316.7M |
| YoY Change | 316600.0% | 316600.0% |
| Accrued Expenses | $4.400M | $4.400M |
| YoY Change | 2100.0% | 2100.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $178.6M | $178.6M |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $502.8M | $502.5M |
| YoY Change | 167483.33% | 55733.33% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | |
| YoY Change | ||
| Other Long-Term Liabilities | $2.200M | $2.200M |
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $502.8M | $502.5M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $504.9M | $504.9M |
| YoY Change | 50393.2% | 50390.0% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $12.93M | |
| YoY Change | ||
| Common Stock | $20.20M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $33.14M | $33.10M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $538.1M | $538.1M |
| YoY Change | 2856.41% | 2856.59% |
Cashflow Statement
| Concept | 2019 Q4 | 2019 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$340.0K | $3.236M |
| YoY Change | -106.36% | -72.94% |
| Depreciation, Depletion And Amortization | $310.0K | $1.000M |
| YoY Change | 520.0% | 614.29% |
| Cash From Operating Activities | $31.41M | $24.35M |
| YoY Change | 9138.24% | 400.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$4.230M | -$6.100M |
| YoY Change | 840.0% | 335.71% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $2.150M | $150.0K |
| YoY Change | ||
| Cash From Investing Activities | -$2.070M | -$5.940M |
| YoY Change | 360.0% | 324.29% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 0.000 | -2.850M |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | 31.41M | 24.35M |
| Cash From Investing Activities | -2.070M | -5.940M |
| Cash From Financing Activities | 0.000 | -2.850M |
| Net Change In Cash | 29.34M | 15.56M |
| YoY Change | -26772.73% | 348.41% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $31.41M | $24.35M |
| Capital Expenditures | -$4.230M | -$6.100M |
| Free Cash Flow | $35.64M | $30.45M |
| YoY Change | 4411.39% | 385.65% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4670000 | USD |
| CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1150000 | USD |
| CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
504932000 | USD |
| CY2019 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
4235000 | USD |
| CY2019 | us-gaap |
Revenues
Revenues
|
42777000 | USD |
| CY2019Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2182000 | USD |
| CY2019 | us-gaap |
Occupancy Net
OccupancyNet
|
2570000 | USD |
| CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3236000 | USD |
| CY2019 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1002000 | USD |
| CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1048000 | USD |
| CY2019Q4 | us-gaap |
Assets
Assets
|
538067000 | USD |
| CY2019 | SIEB |
Revenue From Commissions And Fees
RevenueFromCommissionsAndFees
|
9750000 | USD |
| CY2019 | SIEB |
Revenue From Margin Interest Marketing And Distribution Fees
RevenueFromMarginInterestMarketingAndDistributionFees
|
14710000 | USD |
| CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33135000 | USD |
| CY2019 | us-gaap |
Principal Transactions Revenue
PrincipalTransactionsRevenue
|
9018000 | USD |
| CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3951000 | USD |
| CY2019Q4 | us-gaap |
Cash And Securities Segregated Under Federal And Other Regulations
CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
|
224924000 | USD |
| CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
1989000 | USD |
| CY2019Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1022000 | USD |
| CY2019 | SIEB |
Referral Fees
ReferralFees
|
86000 | USD |
| CY2019Q4 | us-gaap |
Security Owned And Sold Not Yet Purchased Fair Value Security Sold Not Yet Purchased
SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased
|
116000 | USD |
| CY2019Q4 | us-gaap |
Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
|
3524000 | USD |
| CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
4284000 | USD |
| CY2019 | SIEB |
Advisory Fees Revenue
AdvisoryFeesRevenue
|
801000 | USD |
| CY2019 | us-gaap |
Other Income
OtherIncome
|
912000 | USD |
| CY2019Q4 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
86331000 | USD |
| CY2019Q4 | us-gaap |
Other Receivables
OtherReceivables
|
762000 | USD |
| CY2019Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
970000 | USD |
| CY2019Q4 | us-gaap |
Securities Borrowed
SecuritiesBorrowed
|
193529000 | USD |
| CY2019Q4 | us-gaap |
Security Owned And Sold Not Yet Purchased Fair Value Security Owned
SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned
|
3018000 | USD |
| CY2019Q4 | us-gaap |
Assets Current
AssetsCurrent
|
517728000 | USD |
| CY2019Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
4951000 | USD |
| CY2019Q4 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
USD | |
| CY2019Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
1888000 | USD |
| CY2019Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
5388000 | USD |
| CY2019Q4 | srt |
Payables To Customers
PayablesToCustomers
|
308091000 | USD |
| CY2019Q4 | SIEB |
Payables To Noncustomers
PayablesToNoncustomers
|
8063000 | USD |
| CY2019Q4 | srt |
Drafts Payable
DraftsPayable
|
2834000 | USD |
| CY2019Q4 | srt |
Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
|
523000 | USD |
| CY2019Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2443000 | USD |
| CY2019Q4 | us-gaap |
Securities Loaned
SecuritiesLoaned
|
170443000 | USD |
| CY2019Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
10000 | USD |
| CY2019Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
8000000 | USD |
| CY2019Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
2227000 | USD |
| CY2019Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
USD | |
| CY2019Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
502750000 | USD |
| CY2019Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
USD | |
| CY2019Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
309000 | USD |
| CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
304000 | USD |
| CY2019Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
19897000 | USD |
| CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
12934000 | USD |
| CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
538067000 | USD |
| CY2019Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
USD | |
| CY2019 | SIEB |
Market Making Income
MarketMakingIncome
|
1744000 | USD |
| CY2019 | SIEB |
Stock Loan Income
StockLoanIncome
|
1607000 | USD |
| CY2019 | us-gaap |
Operating Expenses
OperatingExpenses
|
38493000 | USD |
| CY2019 | us-gaap |
Interest Expense
InterestExpense
|
135000 | USD |
| CY2019 | us-gaap |
Professional Fees
ProfessionalFees
|
3575000 | USD |
| CY2019 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
2081000 | USD |
| CY2019 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
19965000 | USD |
| CY2019 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.11 | |
| CY2019 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
30455962 | shares |
| CY2019 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
2000 | USD |
| CY2019 | us-gaap |
Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
|
12725000 | USD |
| CY2019 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
3861000 | USD |
| CY2019 | SIEB |
Technology And Communications
TechnologyAndCommunications
|
1870000 | USD |
| CY2019 | us-gaap |
Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
|
3346000 | USD |
