Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 144,344 $ 88,294
Accounts receivable 3,336 1,830
Short-term investment (certificate of deposit) 20,038 0
Cash deposits with clearing organizations 1,040 1,030
Receivables from broker-dealers and clearing organizations 2,813 3,357
Forgivable loans receivable 1,397 1,712
Securities owned, at fair value 3,406 2,357
Inventory 299 203
Other receivables - related party 1,605 1,790
Prepaid expenses and other current assets 11,902 9,061
Total current assets 190,180 109,634
Property and equipment, net 7,329 7,376
Restricted cash 15,860 15,860
Long-term investments, at fair value 903 1,414
Intangible asset - license 16,533 17,408
Goodwill 18,645 18,645
Other assets 396 394
Total assets 249,846 170,731
Current liabilities    
Accounts payable and accrued expenses 24,995 23,871
Accrued expense - related party 78 0
Accrued commissions and payroll payable 11,613 11,940
Deferred clearing and marketing credits 891 995
Securities sold, not yet purchased, at fair value 77 298
Interest payable 142 88
Interest payable - related party 326 77
Notes payable, short-term 3,007 1,000
Subsidiary convertible note, short-term, at fair value 3,211 1,031
Contingent consideration payable 630 424
Warrants issued in 2017 and issuable in 2016 - National 8,190 14,359
Contingently issuable liabilities 0 1,682
Derivative warrant liability 91 481
Other current liabilities 217 319
Total current liabilities 53,468 56,565
Notes payable, long-term (net of debt discount of $4,723 and $2,009 at June 30, 2017 and December 31, 2016, respectively) 39,274 22,528
Subsidiary convertible note, long-term, at fair value 1,462 3,656
Other long-term liabilities 5,026 5,014
Total liabilities 99,230 87,763
Commitments and contingencies
Stockholders' equity    
Common stock, $.001 par value, 100,000,000 shares authorized, 50,463,245 and 48,932,023 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 50 49
Common stock issuable, 45,818 and 0 shares as of June 30, 2017 and December 31, 2016, respectively 189 0
Additional paid-in-capital 346,630 283,697
Accumulated deficit (274,598) (245,251)
Total stockholders' equity attributed to the Company 72,271 38,495
Non-controlling interests 78,345 44,473
Total stockholders' equity 150,616 82,968
Total liabilities and stockholders' equity 249,846 170,731
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 June 30, 2017 and December 31, 2016, respectively $ 0 $ 0