2024 Q3 Form 10-Q Financial Statement

#000121390024068836 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $22.56M $20.86M
YoY Change 24.99% 18.59%
Cost Of Revenue $894.0K $732.0K
YoY Change 22.47% -1.21%
Gross Profit $21.67M $20.13M
YoY Change 25.02% 19.46%
Gross Profit Margin 96.04% 96.49%
Selling, General & Admin $16.41M $14.16M
YoY Change 28.67% 19.59%
% of Gross Profit 75.72% 70.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $222.0K $213.0K
YoY Change 32.14% 36.54%
% of Gross Profit 1.02% 1.06%
Operating Expenses $17.72M $15.28M
YoY Change 28.63% 18.18%
Operating Profit $4.839M $5.579M
YoY Change 13.25% 19.75%
Interest Expense -$72.00K -$60.00K
YoY Change -280.0% -163.83%
% of Operating Profit -1.49% -1.08%
Other Income/Expense, Net
YoY Change
Pretax Income $4.839M $5.579M
YoY Change 13.25% 50.91%
Income Tax $1.005M $1.532M
% Of Pretax Income 20.77% 27.46%
Net Earnings $3.834M $4.047M
YoY Change 38.86% 49.72%
Net Earnings / Revenue 16.99% 19.4%
Basic Earnings Per Share $0.10 $0.10
Diluted Earnings Per Share $0.10 $0.10
COMMON SHARES
Basic Shares Outstanding 39.98M shares 39.83M shares
Diluted Shares Outstanding 40.02M shares 39.89M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $461.4M $490.4M
YoY Change -30.71% -49.45%
Cash & Equivalents $4.435M $5.200M
Short-Term Investments $239.5M $270.5M
Other Short-Term Assets $1.748M $1.693M
YoY Change 9.25% -3.15%
Inventory
Prepaid Expenses
Receivables $82.26M $83.60M
Other Receivables $4.533M $4.552M
Total Short-Term Assets $549.9M $580.2M
YoY Change -26.69% -44.37%
LONG-TERM ASSETS
Property, Plant & Equipment $10.13M $10.20M
YoY Change 8.87% 12.73%
Goodwill $2.319M $1.989M
YoY Change 16.59% 0.0%
Intangibles $778.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.589M $10.95M
YoY Change 91.78% 107.56%
Total Long-Term Assets $29.23M $28.89M
YoY Change 39.05% 31.18%
TOTAL ASSETS
Total Short-Term Assets $549.9M $580.2M
Total Long-Term Assets $29.23M $28.89M
Total Assets $579.2M $609.1M
YoY Change -24.9% -42.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $248.7M $243.2M
YoY Change -10.81% -15.91%
Accrued Expenses $751.0K $702.0K
YoY Change -6.13% -19.12%
Deferred Revenue $1.782M $1.820M
YoY Change
Short-Term Debt $232.5M $272.5M
YoY Change -43.06% -60.7%
Long-Term Debt Due $87.00K $86.00K
YoY Change 3.57% 3.61%
Total Short-Term Liabilities $488.7M $522.2M
YoY Change -29.41% -47.13%
LONG-TERM LIABILITIES
Long-Term Debt $4.162M $4.184M
YoY Change -2.05% -2.01%
Other Long-Term Liabilities $2.932M $3.579M
YoY Change 7058.0%
Total Long-Term Liabilities $4.162M $4.184M
YoY Change -2.05% -3.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $488.7M $522.2M
Total Long-Term Liabilities $4.162M $4.184M
Total Liabilities $495.8M $529.9M
YoY Change -29.12% -46.67%
SHAREHOLDERS EQUITY
Retained Earnings $38.36M $34.54M
YoY Change 38.78% 38.8%
Common Stock $46.47M $46.16M
YoY Change 2.3% 1.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $82.32M $78.18M
YoY Change
Total Liabilities & Shareholders Equity $579.2M $609.1M
YoY Change -24.9% -42.81%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $3.834M $4.047M
YoY Change 38.86% 49.72%
Depreciation, Depletion And Amortization $222.0K $213.0K
YoY Change 32.14% 36.54%
Cash From Operating Activities $4.212M $4.719M
YoY Change -121.71% -144.74%
INVESTING ACTIVITIES
Capital Expenditures $1.020M $1.051M
YoY Change 466.67% -861.59%
Acquisitions
YoY Change
Other Investing Activities -$1.142M -$40.00K
YoY Change 280.67% -85.45%
Cash From Investing Activities -$2.162M -$1.091M
YoY Change 350.42% 696.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.00K -4.822M
YoY Change 5.0% -136.14%
NET CHANGE
Cash From Operating Activities 4.212M 4.719M
Cash From Investing Activities -2.162M -1.091M
Cash From Financing Activities -21.00K -4.822M
Net Change In Cash 2.029M -1.194M
YoY Change -110.2% -144.9%
FREE CASH FLOW
Cash From Operating Activities $4.212M $4.719M
Capital Expenditures $1.020M $1.051M
Free Cash Flow $3.192M $3.668M
YoY Change -116.3% -135.24%

Facts In Submission

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CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
12933000 usd
us-gaap Operating Expenses
OperatingExpenses
30638000 usd
us-gaap Operating Expenses
OperatingExpenses
24790000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5579000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4659000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
10681000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
8972000 usd
CY2023Q2 sieb Impairment Of Investment
ImpairmentOfInvestment
1035000 usd
sieb Impairment Of Investment
ImpairmentOfInvestment
1035000 usd
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
73000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
111000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-962000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-924000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5579000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3697000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10681000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8048000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1532000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
969000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2947000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2105000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
4047000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
2728000 usd
us-gaap Profit Loss
ProfitLoss
7734000 usd
us-gaap Profit Loss
ProfitLoss
5943000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
7000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
25000 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
6000 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
44000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4040000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2703000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7728000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5899000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.1
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39890606 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36410018 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39830002 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34468460 shares
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49920000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
3215000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
53135000 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
15455000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
2728000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
71318000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
70709000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
350000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
85000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
3687000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
74831000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
300000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
4047000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79178000 usd
us-gaap Profit Loss
ProfitLoss
7734000 usd
us-gaap Profit Loss
ProfitLoss
5943000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
832000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
599000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
591000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
451000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
111000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
184000 usd
sieb Impairment Of Investment
ImpairmentOfInvestment
1035000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-31000 usd
sieb Receivables From Customers Amount
ReceivablesFromCustomersAmount
-2052000 usd
sieb Receivables From Customers Amount
ReceivablesFromCustomersAmount
-9030000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
214000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
46000 usd
us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
4251000 usd
us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
-2658000 usd
us-gaap Increase Decrease In Securities Borrowed
IncreaseDecreaseInSecuritiesBorrowed
-140928000 usd
us-gaap Increase Decrease In Securities Borrowed
IncreaseDecreaseInSecuritiesBorrowed
353199000 usd
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-1270000 usd
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
14577000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1666000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1578000 usd
us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
-55904000 usd
us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
-40178000 usd
sieb Increase Decrease In Payables To Non Customers
IncreaseDecreaseInPayablesToNonCustomers
-527000 usd
sieb Increase Decrease In Payables To Non Customers
IncreaseDecreaseInPayablesToNonCustomers
-10155000 usd
sieb Increase Decrease In Drafts Payable
IncreaseDecreaseInDraftsPayable
-199000 usd
sieb Increase Decrease In Drafts Payable
IncreaseDecreaseInDraftsPayable
-634000 usd
us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
4534000 usd
us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
3056000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
464000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
402000 usd
us-gaap Increase Decrease In Securities Loaned Transactions
IncreaseDecreaseInSecuritiesLoanedTransactions
-146918000 usd
us-gaap Increase Decrease In Securities Loaned Transactions
IncreaseDecreaseInSecuritiesLoanedTransactions
366229000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-46000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-732000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
602000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-425000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-425000 usd
sieb Trading Platform Implementation
TradingPlatformImplementation
-557000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-57322000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-49561000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1052000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
112000 usd
us-gaap Payments For Software
PaymentsForSoftware
1667000 usd
us-gaap Payments For Software
PaymentsForSoftware
202000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
98000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
840000 usd
sieb Transaction With J2 Financials
TransactionWithJ2Financials
-35000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2852000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1154000 usd
sieb Proceeds From Issuance Cost
ProceedsFromIssuanceCost
-1589000 usd
sieb Shares Issued For Kakaopay Transaction
SharesIssuedForKakaopayTransaction
17363000 usd
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-43000 usd
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-2694000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13080000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-60217000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-37635000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
280052000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
299838000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
219835000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
262203000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5200000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7628000 usd
CY2024Q2 us-gaap Cash And Securities Segregated Under Federal And Other Regulations
CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
214635000 usd
CY2023Q2 us-gaap Cash And Securities Segregated Under Federal And Other Regulations
CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
254575000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
219835000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
262203000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3137000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
904000 usd
us-gaap Interest Paid Net
InterestPaidNet
80000 usd
us-gaap Interest Paid Net
InterestPaidNet
182000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>1. Organization and Basis of Presentation</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Organization</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Siebert Financial Corp., a New York corporation, incorporated in 1934, is a holding company that conducts the following lines of business through its wholly-owned and majority-owned subsidiaries:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Muriel Siebert &amp; Co., LLC (“MSCO”) provides retail brokerage services. MSCO is a Delaware corporation and broker-dealer registered with the Securities and Exchange Commission (“SEC”) under the Exchange Act and the Commodity Exchange Act of 1936, and member of the Financial Industry Regulatory Authority (“FINRA”), the New York Stock Exchange (“NYSE”), the Securities Investor Protection Corporation (“SIPC”), and the National Futures Association (“NFA”).</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Siebert AdvisorNXT, LLC (“SNXT”) provides investment advisory services. SNXT is a New York corporation registered with the SEC as a Registered Investment Advisor (“RIA”) under the Investment Advisers Act of 1940.</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Park Wilshire Companies, Inc. (“PW”) provides insurance services. PW is a Texas corporation and licensed insurance agency.</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Siebert Technologies, LLC (“STCH”) provides technology development. STCH is a Nevada limited liability company.</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">RISE Financial Services, LLC (“RISE”) is a Delaware limited liability company and a broker-dealer registered with the SEC and NFA.</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">StockCross Digital Solutions, Ltd. (“STXD”) is an inactive subsidiary headquartered in Bermuda.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><span style="background-color: white">For purposes of this Report on Form 10-Q, the terms “Siebert,” “Company,” “we,” “us,” and “our” refer to Siebert Financial Corp., MSCO, SNXT, PW, STCH, RISE, and STXD collectively, unless the context otherwise requires.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">The Company is headquartered in Miami Beach, FL with primary operations in Florida, New York, and California. The Company has 10 branch offices throughout the U.S. and clients around the world. The Company’s SEC filings are available through the Company’s website at www.siebert.com, where investors can obtain copies of the Company’s public filings free of charge. The Company’s common stock, par value $.01 per share, trades on the Nasdaq Capital Market under the symbol “SIEB.”</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">The Company primarily operates in the securities brokerage and asset management industry and has no other reportable segments. All of the Company’s revenues for the three and six months ended June 30, 2024 and 2023 were derived from its operations in the U.S.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><span style="background-color: white">As of June 30, 2024, the Company is comprised of a single operating segment based on the factors related to management’s decision-making framework as well as management evaluating performance and allocating resources based on assessments of the Company from a consolidated perspective. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Basis of Presentation</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">The accompanying unaudited condensed consolidated financial statements (“financial statements”) of the Company have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete annual financial statements. The U.S. dollar is the functional currency of the Company and numbers are rounded for presentation purposes.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">In the opinion of management, the financial statements contain all adjustments (consisting of normal recurring entries) necessary to fairly present such interim results. Interim results are not necessarily indicative of the results of operations which may be expected for a full year or any subsequent period. These financial statements should be read in conjunction with the financial statements and notes thereto in the Company’s 2023 Form 10-K.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reclassification</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Certain amounts for the three and six months ended June 30, 2023 have been reclassified to conform to the presentation of the current period. The reclassification has not materially impacted the Company’s financial statements, and did not result in a change in total revenue, net income or cash flows from operations for the periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Principles of Consolidation</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><span style="background-color: white">The financial statements include the accounts of Siebert and its wholly-owned and majority-owned consolidated subsidiaries. Upon consolidation, all intercompany balances and transactions are eliminated. The Company’s ownership in RISE is 68% as of both June 30, 2024 and December 31, 2023. Refer to Note 4 – RISE for more information.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><span style="background-color: white">For consolidated subsidiaries that are not wholly-owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The net income or loss attributable to noncontrolling interests for such subsidiaries is presented as net income or loss attributable to noncontrolling interests in the statements of operations. The portion of total equity that is attributable to noncontrolling interests for such subsidiaries is presented as noncontrolling interests in the statements of financial condition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><span style="background-color: white">For investments in entities in which the Company does not have a controlling financial interest but has significant influence over its operating and financial decisions, the Company applies the equity method of accounting with net income and losses recorded in earnings of equity method investment in related party. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Significant Accounting Policies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">The Company’s significant accounting policies are included in Note 2 – Summary of Significant Accounting Policies in the Company’s 2023 Form 10-K. During the three and six months ended June 30, 2024, there were no significant changes made to the Company’s significant accounting policies.</p>
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Gain Loss On Sale Of Previously Unissued Stock By Subsidiary Or Equity Investee Nonoperating Income
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
0 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Previously Unissued Stock By Subsidiary Or Equity Investee Nonoperating Income
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
73000 usd
us-gaap Gain Loss On Sale Of Previously Unissued Stock By Subsidiary Or Equity Investee Nonoperating Income
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
0 usd
us-gaap Gain Loss On Sale Of Previously Unissued Stock By Subsidiary Or Equity Investee Nonoperating Income
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
111000 usd
us-gaap Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>6. Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>As of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>June 30,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>2024</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>As of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>2023</b></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td>Receivables from and deposits with broker-dealers and clearing organizations</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; width: 76%; text-align: left">DTCC / OCC / NSCC (1)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">12,529,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">9,332,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0.125in; text-align: left">Goldman Sachs &amp; Co. LLC (“GSCO”)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">43,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">National Financial Services, LLC (“NFS”)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,402,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,212,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0.125in; text-align: left">Securities fail-to-deliver</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">928,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">119,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt">Globalshares</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">97,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">47,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 4pt">Total Receivables from and deposits with broker-dealers and clearing organizations</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">15,999,000</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">11,748,000</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payables to broker-dealers and clearing organizations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Securities fail-to-receive</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3,847,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">399,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Payables to broker-dealers</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,168,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">82,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Total Payables to broker-dealers and clearing organizations</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">5,015,000</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">481,000</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>(1)</sup></td><td style="text-align: justify">Depository Trust &amp; Clearing Corporation is referred to as (“DTCC”), Options Clearing Corporation is referred to as (“OCC”), and National Securities Clearing Corporation is referred to as (“NSCC”).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Under the DTCC shareholders’ agreement, MSCO is required to participate in the DTCC common stock mandatory purchase. As of June 30, 2024 and December 31, 2023, MSCO had shares of DTCC common stock valued at approximately $1,145,000 and $1,236,000, respectively, which is included within the line item “Deposits with broker-dealers and clearing organizations” on the statements of financial condition.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">In September 2022, MSCO and RISE entered into a clearing agreement whereby RISE would introduce clients to MSCO. As part of the agreement, RISE deposited a clearing fund escrow deposit of $50,000 to MSCO, and had cash of approximately $1.1 million and $1.0 million in its brokerage account at MSCO as of June 30, 2024 and December 31, 2023, respectively. The resulting asset of RISE and liability of MSCO is eliminated in consolidation.</p>
CY2024Q2 us-gaap Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
12529000 usd
CY2024Q2 sieb Due From Goldman Sachs
DueFromGoldmanSachs
43000 usd
CY2023Q4 sieb Due From Goldman Sachs
DueFromGoldmanSachs
38000 usd
CY2024Q2 sieb Due From Nfs
DueFromNFS
2402000 usd
CY2023Q4 sieb Due From Nfs
DueFromNFS
2212000 usd
CY2024Q2 us-gaap Securities Failed To Deliver
SecuritiesFailedToDeliver
928000 usd
CY2023Q4 us-gaap Securities Failed To Deliver
SecuritiesFailedToDeliver
119000 usd
CY2024Q2 sieb Due From Global Shares
DueFromGlobalShares
97000 usd
CY2023Q4 sieb Due From Global Shares
DueFromGlobalShares
47000 usd
CY2024Q2 sieb Total Receivables From And Deposits With Brokerdealers And Clearing Organizations
TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations
15999000 usd
CY2023Q4 sieb Total Receivables From And Deposits With Brokerdealers And Clearing Organizations
TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations
11748000 usd
CY2024Q2 sieb Due To Securities Fail To Receive
DueToSecuritiesFailToReceive
3847000 usd
CY2023Q4 sieb Due To Securities Fail To Receive
DueToSecuritiesFailToReceive
399000 usd
CY2024Q2 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
1168000 usd
CY2023Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
82000 usd
CY2024Q2 sieb Total Payables To Brokerdealers And Clearing Organizations
TotalPayablesToBrokerdealersAndClearingOrganizations
5015000 usd
CY2023Q4 sieb Total Payables To Brokerdealers And Clearing Organizations
TotalPayablesToBrokerdealersAndClearingOrganizations
481000 usd
CY2024Q2 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
16768000 usd
CY2024Q2 us-gaap Security Owned And Sold Not Yet Purchased Fair Value Security Sold Not Yet Purchased
SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased
2000 usd
CY2023Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
18038000 usd
CY2023Q4 us-gaap Security Owned And Sold Not Yet Purchased Fair Value Security Sold Not Yet Purchased
SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased
2000 usd
CY2024Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
101894000 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
133268000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
5200000 usd
CY2024Q2 sieb Cash Segregated For Regulatory Purposes
CashSegregatedForRegulatoryPurposes
128081000 usd
CY2024Q2 us-gaap Securities Borrowed Fair Value Disclosure
SecuritiesBorrowedFairValueDisclosure
253781000 usd
CY2024Q2 sieb Loans Receivable From Customer Fair Value Disclosure
LoansReceivableFromCustomerFairValueDisclosure
74875000 usd
CY2024Q2 sieb Loans Receivable Fromnon Customer Fair Value Disclosure
LoansReceivableFromnon-CustomerFairValueDisclosure
455000 usd
CY2024Q2 sieb Loans Receivable From Broker Dealersand Clearing Organizations Fair Value Disclosure
LoansReceivableFromBroker-DealersandClearingOrganizationsFairValueDisclosure
8720000 usd
CY2024Q2 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
4097000 usd
CY2024Q2 sieb Deposits With Brokerdealers And Clearing Organizations
DepositsWithBrokerdealersAndClearingOrganizations
7279000 usd
CY2024Q2 sieb Total Financial Assets Not Measured At Fair Value
TotalFinancialAssetsNotMeasuredAtFairValue
482488000 usd
CY2024Q2 us-gaap Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
272515000 usd
CY2024Q2 sieb Payableto Customers Fair Value Disclosure
PayabletoCustomersFairValueDisclosure
233873000 usd
CY2024Q2 sieb Payables Tonon Customers Fair Value Disclosure
PayablesTonon-customersFairValueDisclosure
186000 usd
CY2024Q2 sieb Amount Of Draft Payables
AmountOfDraftPayables
1527000 usd
CY2024Q2 sieb Payable To Broker Dealersand Clearing Organizations Fair Value Disclosure
PayableToBroker-DealersandClearingOrganizationsFairValueDisclosure
5015000 usd
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
821000 usd
CY2024Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4270000 usd
CY2024Q2 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
3493000 usd
CY2024Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
521700000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
5735000 usd
CY2023Q4 sieb Cash Segregated For Regulatory Purposes
CashSegregatedForRegulatoryPurposes
158802000 usd
CY2023Q4 us-gaap Securities Borrowed Fair Value Disclosure
SecuritiesBorrowedFairValueDisclosure
394709000 usd
CY2023Q4 sieb Loans Receivable From Customer Fair Value Disclosure
LoansReceivableFromCustomerFairValueDisclosure
72823000 usd
CY2023Q4 sieb Loans Receivable Fromnon Customer Fair Value Disclosure
LoansReceivableFromnon-CustomerFairValueDisclosure
241000 usd
CY2023Q4 sieb Loans Receivable From Broker Dealersand Clearing Organizations Fair Value Disclosure
LoansReceivableFromBroker-DealersandClearingOrganizationsFairValueDisclosure
3863000 usd
CY2023Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
2424000 usd
CY2023Q4 sieb Deposits With Brokerdealers And Clearing Organizations
DepositsWithBrokerdealersAndClearingOrganizations
7885000 usd
CY2023Q4 sieb Total Financial Assets Not Measured At Fair Value
TotalFinancialAssetsNotMeasuredAtFairValue
646482000 usd
CY2023Q4 us-gaap Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
419433000 usd
CY2023Q4 sieb Payableto Customers Fair Value Disclosure
PayabletoCustomersFairValueDisclosure
289777000 usd
CY2023Q4 sieb Payables Tonon Customers Fair Value Disclosure
PayablesTonon-customersFairValueDisclosure
713000 usd
CY2023Q4 sieb Amount Of Draft Payables
AmountOfDraftPayables
1726000 usd
CY2023Q4 sieb Payable To Broker Dealersand Clearing Organizations Fair Value Disclosure
PayableToBroker-DealersandClearingOrganizationsFairValueDisclosure
481000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1246000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4313000 usd
CY2023Q4 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
4462000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
722151000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11166000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10016000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
971000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
612000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10195000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9404000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
213000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
156000 usd
us-gaap Depreciation
Depreciation
359000 usd
us-gaap Depreciation
Depreciation
237000 usd
CY2024Q2 sieb Build Out Expense
BuildOutExpense
145000 usd
sieb Build Out Expense
BuildOutExpense
809000 usd
CY2024Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
75000 usd
us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
175000 usd
CY2021Q4 sieb Square Feet
SquareFeet
12000 sqft
CY2024Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
4231000 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1716000 usd
CY2024Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
3454000 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1432000 usd
CY2024Q2 us-gaap Payable Investment Purchase
PayableInvestmentPurchase
385000 usd
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
350000 usd
us-gaap Loans And Leases Receivable Commitments Fixed Rates
LoansAndLeasesReceivableCommitmentsFixedRates
2100000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.069 pure
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
251000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
304000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
534000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
609000 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
61000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
136000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
221000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
279000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
66000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
51000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
120000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
81000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
378000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
491000 usd
us-gaap Lease Cost
LeaseCost
875000 usd
us-gaap Lease Cost
LeaseCost
969000 usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
267000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
328000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
536000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
654000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
402000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
861000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
694000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
520000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
443000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2920000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
375000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2545000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
1989000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1989000 usd
CY2021Q4 sieb Acquired Commercial Office Building And Associated Property
AcquiredCommercialOfficeBuildingAndAssociatedProperty
6800000 usd
CY2021Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
4000000 usd
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.036 pure
sieb Line Of Credit Facility Interest Rate Terms
LineOfCreditFacilityInterestRateTerms
P7Y
sieb Debt Service Coverage Ratio
DebtServiceCoverageRatio
the Company must maintain a debt service coverage ratio of 1.4 to 1.
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
43000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
88000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
91000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
95000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
98000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3855000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
4270000 usd
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
38000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
40000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
77000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
79000 usd
sieb Contra Expense
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us-gaap Impairment Of Ongoing Project
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CY2024Q2 sieb Incurred Expenses
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sieb Incurred Expenses
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sieb Incurred Expenses
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CY2024Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
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CY2024Q2 us-gaap Employee Benefits And Share Based Compensation
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