SIEBERT FINANCIAL CORP
For the period ended Mar 31, 2024. Filed May 22, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 22, 2024
SIEB$1.810.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
| March 31, 2024 (unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $2,856,000 | $5,735,000 |
| Cash and securities segregated for regulatory purposes; (Cash of $117.7 million, securities with a fair value of $100.4 million as of March 31, 2024; Cash of $158.8 million, securities with a fair value of $115.5 million as of December 31, 2023) | 218,173,000 | 274,317,000 |
| Receivables from customers | 74,727,000 | 72,823,000 |
| Receivables from broker-dealers and clearing organizations | 9,228,000 | 3,863,000 |
| Receivables from non-customers | 646,000 | 241,000 |
| Other receivables | 2,620,000 | 2,424,000 |
| Prepaid expenses and other assets | 1,832,000 | 1,700,000 |
| Securities borrowed | 383,670,000 | 394,709,000 |
| Securities owned, at fair value | 19,270,000 | 18,038,000 |
| Total Current assets | 713,022,000 | 773,850,000 |
| Deposits with broker-dealers and clearing organizations | 7,978,000 | 7,885,000 |
| Property, office facilities, and equipment, net | 10,107,000 | 9,404,000 |
| Software, net | 2,585,000 | 1,432,000 |
| Lease right-of-use assets | 2,502,000 | 2,736,000 |
| Deferred tax assets | 4,120,000 | 4,504,000 |
| Goodwill | 1,989,000 | 1,989,000 |
| Total Assets | $742,303,000 | $801,800,000 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Current liabilities | ||
| Payables to customers | $248,339,000 | $289,777,000 |
| Payables to non-customers | 749,000 | 713,000 |
| Drafts payable | 1,834,000 | 1,726,000 |
| Payables to broker-dealers and clearing organizations | 2,003,000 | 481,000 |
| Accounts payable and accrued liabilities | 4,866,000 | 3,639,000 |
| Taxes payable | 3,342,000 | 2,313,000 |
| Bank loans | 4,800,000 | — |
| Securities loaned | 389,474,000 | 419,433,000 |
| Securities sold, not yet purchased, at fair value | 1,000 | 2,000 |
| Current portion of lease liabilities | 730,000 | 759,000 |
| Current portion of long-term debt | 87,000 | 84,000 |
| Current portion of deferred contract incentive | 783,000 | 808,000 |
| Current portion of contract termination liability | 1,858,000 | 1,898,000 |
| Total Current liabilities | 658,866,000 | 721,633,000 |
| Lease liabilities, less current portion | 2,037,000 | 2,227,000 |
| Long-term debt, less current portion | 4,205,000 | 4,229,000 |
| Deferred contract incentive, less current portion | 250,000 | 438,000 |
| Contract termination liability, less current portion | 2,114,000 | 2,564,000 |
| Total Liabilities | 667,472,000 | 731,091,000 |
| Commitments and Contingencies | ||
| Equity | ||
| Stockholders’ equity | ||
| Common stock, $.01 par value; 100,000,000 shares authorized; 40,830,936 shares issued and 39,830,936 shares outstanding as of March 31, 2024, respectively. 40,580,936 shares issued and 39,580,936 shares outstanding as of December 31, 2023, respectively. | 409,000 | 406,000 |
| Treasury stock, at cost; 1,000,000 and 0 shares held as of March 31, 2024 and December 31, 2023, respectively | (2,510,000) | (2,510,000) |
| Additional paid-in capital | 45,448,000 | 45,016,000 |
| Retained earnings | 30,496,000 | 26,808,000 |
| Total Stockholders’ equity | 73,843,000 | 69,720,000 |
| Noncontrolling interests | 988,000 | 989,000 |
| Total Equity | 74,831,000 | 70,709,000 |
| Total Liabilities and Equity | $742,303,000 | $801,800,000 |
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