Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGESIN SHAREHOLDERS’ EQUITY

CONSOLIDATED STATEMENT OF CHANGESIN SHAREHOLDERS’ EQUITY (USD $) In Thousands, except Share data	Total USD ($)	Highland Capital Brokerage, Inc. (Highland) USD ($)	KMS USD ($)	Advisory Board And Consultants USD ($)	Employees USD ($)	Preferred Stock USD ($)	Common Stock USD ($)	Common Stock Highland Capital Brokerage, Inc. (Highland)	Common Stock KMS	Additional Paid-In Capital USD ($)	Additional Paid-In Capital Highland Capital Brokerage, Inc. (Highland) USD ($)	Additional Paid-In Capital KMS USD ($)	Additional Paid-In Capital Advisory Board And Consultants USD ($)	Additional Paid-In Capital Employees USD ($)	Accumulated Deficit USD ($)	Noncontrolling Interest USD ($)
Beginning Balance at Dec. 31, 2011	$ 63,443us-gaap_StockholdersEquity					$ 0	$ 18			$ 204,055					$ (140,630)	$ 0
Beginning Balance (in shares) at Dec. 31, 2011						0	183,253,068
Issuance of common stock under employee stock purchase plan (in shares)							98,513
Issuance of common stock under employee stock purchase plan	138									138
Exercise of stock options (in shares)							693,958
Exercise of stock options	319									319
Exercise of warrants (in shares)							358,500
Exercise of warrants	338									338
Stock-based compensation				1,317	3,427								1,317	3,427
Cancellation of restricted stock (in shares)							(12,500)
Repurchase and retirement of common stock (in shares)							(912,667)
Repurchase and retirement of common stock	(1,407)									(1,407)
Net income (loss)	(16,354)us-gaap_ProfitLoss														(16,354)
Ending Balance at Dec. 31, 2012	51,221us-gaap_StockholdersEquity					0	18			208,187					(156,984)	0
Ending Balance (in shares) at Dec. 31, 2012						0	183,478,872
Issuance of common stock under employee stock purchase plan (in shares)							112,646
Issuance of common stock under employee stock purchase plan	201									201
Exercise of stock options (in shares)	50,000						608,022
Exercise of stock options	808									808
Exercise of warrants (in shares)							1,002,065
Exercise of warrants	247									247
Stock-based compensation				3,369	3,397								3,369	3,397
Repurchase and retirement of common stock (in shares)							(3,767,790)
Repurchase and retirement of common stock	(6,446)									(6,446)
Third party investment in subsidiary	120															120
Stock issued during period (in shares)						6,189,497
Stock issued, during period	147,929					1				147,928
Preferred stock dividends declared and paid	(6,911)us-gaap_Dividends
Net income (loss)	(522)us-gaap_ProfitLoss														(454)	(68)
Ending Balance at Dec. 31, 2013	193,413us-gaap_StockholdersEquity					1	18			350,780					(157,438)	52
Ending Balance (in shares) at Dec. 31, 2013						6,189,497	181,433,815
Issuance of common stock under employee stock purchase plan (in shares)							89,581
Issuance of common stock under employee stock purchase plan	291									291
Exercise of stock options (in shares)	10,000						2,282,060
Exercise of stock options	2,969									2,969
Exercise of warrants (in shares)							13,333
Exercise of warrants	22									22
Stock-based compensation				6,440	4,099								6,440	4,099
Repurchase and retirement of common stock (in shares)							(2,846,395)
Repurchase and retirement of common stock	(9,535)									(9,535)
Issuance of restricted stock (in shares)							14,409
Issuance of restricted stock	2									2
Third party investment in subsidiary	40															40
Stock issued during period (in shares)						4,906,734		2,540,762	1,440,922
Stock issued, during period	108,617	7,953	6,052							108,617	7,953	6,052
Preferred stock dividends declared and paid	(17,244)us-gaap_Dividends									(17,244)
Net income (loss)	33,352us-gaap_ProfitLoss														33,433	(81)
Ending Balance at Dec. 31, 2014	$ 336,471us-gaap_StockholdersEquity					$ 1	$ 18			$ 460,446					$ (124,005)	$ 11
Ending Balance (in shares) at Dec. 31, 2014						11,096,231	184,968,487