Securities Owned and Securities Sold, But Not Yet Purchased (Tables)

6 Months Ended

Jun. 30, 2012

The components of securities owned and securities sold, but not yet purchased, at fair value at June 30, 2012 and December 31, 2011 were as follows:

	Securities owned		Securities sold, but not yet purchased
June 30, 2012
Common stock and warrants	$	328	$	64
Restricted common stock and warrants		1,008		—
Total	$	1,336	$	64

December 31, 2011
Common stock and warrants	$	191	$	78
Restricted common stock and warrants		1,823		—
Total	$	2,014	$	78

Equity Securities

Securities are carried at fair value and classified as follows:

As of June 30, 2012:

Securities owned, at fair value	Level 1		Level 2		Level 3		Total
Common stock and warrants	$	328	$	1,008	$	—	$	1,336
Total	$	328	$	1,008	$	—	$	1,336

Securities sold, but not yet purchased, at fair value	Level 1		Level 2		Level 3		Total
Common stock and warrants	$	54	$	10	$	—	$	64
Total	$	54	$	10	$	—	$	64

As of December 31, 2011:

Securities owned, at fair value	Level 1		Level 2		Level 3		Total
Common stock and warrants	$	191	$	1,823	$	—	$	2,014
Total	$	191	$	1,823	$	—	$	2,014

Securities sold, but not yet purchased, at fair value	Level 1		Level 2		Level 3		Total
Common stock and warrants	$	68	$	10	$	—	$	78
Total	$	68	$	10	$	—	$	78