Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 134,037 $ 88,294
Accounts receivable 1,368 1,830
Cash deposits with clearing organizations 1,030 1,030
Receivables from broker-dealers and clearing organizations 2,858 3,357
Forgivable loans receivable 1,528 1,712
Securities owned, at fair value 1,206 2,357
Inventory 204 203
Other receivables - related party 1,034 1,790
Prepaid expenses and other current assets 8,542 9,061
Total current assets 151,807 109,634
Property and equipment, net 7,386 7,376
Restricted cash 15,860 15,860
Long-term investments, at fair value 746 1,414
Intangible assets 17,077 17,408
Goodwill 18,645 18,645
Other assets 390 394
Total assets 211,911 170,731
Current liabilities    
Accounts payable and accrued expenses 24,864 23,871
Accrued commissions and payroll payable 10,190 11,940
Contingent consideration payable 623 424
Deferred clearing and marketing credits 943 995
Securities sold, not yet purchased, at fair value 1 298
Warrants issuable - National 10,096 14,359
Interest payable 89 88
Interest payable - related party 96 77
Notes payable, short-term 2,105 1,000
Subsidiary convertible note, short-term, at fair value 3,147 1,031
Contingently issuable liabilities 0 1,682
Derivative warrant liability 402 481
Other current liabilities 244 319
Total current liabilities 52,800 56,565
Notes payable, long-term (net of debt discount of $2,549 and $2,009 at March 31, 2017 and December 31, 2016, respectively) 26,137 22,528
Subsidiary convertible note, long-term, at fair value 1,637 3,656
Other long-term liabilities 5,020 5,014
Total liabilities 85,594 87,763
Commitments and contingencies
Stockholders' equity    
Common Stock, $.001 par value, 100,000,000 shares authorized, 50,319,919 and 48,932,023 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 50 49
Additional paid-in-capital 304,929 283,697
Accumulated deficit (257,233) (245,251)
Total stockholders' equity attributed to the Company 47,746 38,495
Non-controlling interests 78,571 44,473
Total stockholders' equity 126,317 82,968
Total liabilities and stockholders' equity 211,911 170,731
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 March 31, 2017 and December 31, 2016, respectively $ 0 $ 0