Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 88,294 $ 98,182
Accounts receivable 1,830 0
Cash deposits with clearing organizations 1,030 0
Receivables from broker-dealers and clearing organizations 3,357 0
Forgivable loans receivable 1,712 0
Securities owned, at fair value 2,357 0
Inventory 203 0
Other receivables - related party 1,790 156
Prepaid expenses and other current assets 9,061 1,599
Total current assets 109,634 99,937
Property and equipment, net 7,376 309
Restricted cash 15,860 14,586
Long-term investments, at fair value 1,414 2,485
Intangible asset - license 17,408 1,250
Goodwill 18,645 0
Other assets 394 43
Total assets 170,731 118,610
Current liabilities    
Accounts payable and accrued expenses 24,295 10,438
Accrued commissions and payroll payable 11,940 0
Deferred clearing and marketing credits 995 0
Securities sold, not yet purchased, at fair value 298 0
Warrants issuable - National 14,359 0
Interest payable 88 27
Interest payable - related party 77 0
Notes payable, short-term 1,000 0
Subsidiary convertible note, short-term, at fair value 1,031 0
Contingently issuable liabilities 1,682 0
Derivative warrant liability 481 114
Other current liabilities 319 0
Total current liabilities 56,565 10,579
Notes payable, long-term (net of debt discount of $2,009 and $835 at December 31, 2016 and December 31, 2015, respectively) 22,528 23,174
Subsidiary convertible note, long-term, at fair value 3,656 0
Other long-term liabilities 5,014 584
Total liabilities 87,763 34,337
Commitments and contingencies  
Stockholders' equity    
Common Stock, $.001 par value, 100,000,000 shares authorized, 48,932,023 and 47,147,032 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively 49 47
Additional paid-in-capital 283,697 246,955
Accumulated deficit (245,251) (190,156)
Total stockholders' equity attributed to the Company 38,495 56,846
Non-controlling interests 44,473 27,427
Total stockholders' equity 82,968 84,273
Total liabilities and stockholders' equity 170,731 118,610
Series C Convertible Preferred Stock [Member]    
Stockholders' equity    
Convertible Preferred stock, $.001 par value, 129,767 Series C shares authorized, 0 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively $ 0 $ 0