Quarterly report pursuant to sections 13 or 15(d)

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

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

3 Months Ended

Mar. 31, 2013

Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]

The components of securities owned and securities sold, but not yet purchased at March 31, 2013 and December 31, 2012 were as follows:



	Securities Owned		Securities Sold, But Not Yet Purchased
March 31, 2013
Certificates of deposit	$	6	$	—
Debt securities	1,474		(31		)
U.S. Treasury notes	10		(101		)
Common stock and warrants	737		(174		)
Restricted common stock and warrants	839		—
Total	$	3,066	$	(306	)

December 31, 2012
Certificates of deposit	$	14	$	—
Debt securities	1,098		(123		)
U.S. Treasury notes	—		(99		)
Common stock and warrants	384		(70		)
Restricted common stock and warrants	582		—
Total	$	2,078	$	(292	)

Equity Securities

Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]

Securities Carried at Fair value

Securities are carried at fair value and classified as follows:

As of March 31, 2013:



Securities owned, at fair value	Level 1		Level 2		Level 3		Total
Debt securities	$	—	$	1,474	$	—	$	1,474
Certificates of deposit	6		—		—		6
U.S. Treasury notes	—		10		—		10
Common stock and warrants	737		839		—		1,576
Total	$	743	$	2,323	$	—	$	3,066



Securities sold, but not yet purchased, at fair value	Level 1		Level 2		Level 3		Total
Debt securities	$	—	$	31	$	—	$	31
U.S. Treasury notes	—		101		—		101
Common stock and warrants	174		—		—		174
Total	$	174	$	132	$	—	$	306

As of December 31, 2012:



Securities owned, at fair value	Level 1		Level 2		Level 3		Total
Debt securities	$	—	$	1,098	$	—	$	1,098
Certificates of deposit	14		—		—		14
Common stock and warrants	384		582		—		966
Total	$	398	$	1,680	$	—	$	2,078



Securities sold, but not yet purchased, at fair value	Level 1		Level 2		Level 3		Total
Debt securities	$	—	$	123	$	—	$	123
U.S. Treasury notes	—		99		—		99
Common stock and warrants	70		—		—		70
Total	$	70	$	222	$	—	$	292

- Definition

Tabular disclosure of financial instruments held by a broker-dealer for its own account (proprietary securities) for trading or investment purposes that are carried at fair value including securities sold, not yet purchased.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Audit and Accounting Guide (AAG)

-Number AAG-BRD

-Paragraph 80

-Subparagraph Exhibit 4-8, 6

-IssueDate 2006-05-01

-Chapter 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Audit and Accounting Guide (AAG)

-Number AAG-BRD

-Paragraph 5-14

-IssueDate 2006-05-01

-Chapter 7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Audit and Accounting Guide (AAG)

-Number AAG-BRD

-Paragraph 38-42

-IssueDate 2006-05-01

-Chapter 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 940

-SubTopic 320

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6475986&loc=d3e42546-110969

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10, 11

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details