Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 82,537 $ 98,182
Accounts receivable 5,007 0
Cash deposits with clearing organizations 1,030 0
Receivables from broker-dealers and clearing organizations 1,607 0
Securities owned, at fair value 2,178 0
Inventory 123 0
Other receivables - related party 1,545 156
Prepaid expenses and other current assets 4,556 1,599
Total current assets 98,583 99,937
Property and equipment, net 6,957 309
Restricted cash 15,859 14,586
Long-term investments, at fair value 685 2,485
Intangible assets, net 1,550 1,250
Goodwill 21,739 0
Other assets 48 43
Total assets 145,421 118,610
Current liabilities    
Accounts payable and accrued expenses 21,831 10,438
Accrued commissions and payroll payable 14,029 0
Deferred clearing and marketing credits 1,007 0
Interest payable 68 27
Derivative warrant liability 951 114
Other current liabilities 707 0
Total current liabilities 38,593 10,579
Notes payable, long-term (net of debt discount of $2,764 and $835 at September 30, 2016 and December 31, 2015, respectively) 24,373 23,174
Subsidiary convertible note, at fair value 3,031 0
Other long-term liabilities 4,583 584
Total liabilities 70,580 34,337
Commitments and contingencies
Stockholders' equity    
Common Stock, $.001 par value, 100,000,000 shares authorized, 48,875,087 and 47,147,032 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 49 47
Additional paid-in-capital 264,397 246,955
Accumulated deficit (227,820) (190,156)
Total stockholders' equity attributed to the Company 36,626 56,846
Non-controlling interests 38,215 27,427
Total stockholders' equity 74,841 84,273
Total liabilities and stockholders' equity 145,421 118,610
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 September 30, 2016 and December 31, 2015, respectively $ 0 $ 0