National (NHLD) 10-Q 14 Feb 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Dec. 31, 2013	Feb. 14, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'NATIONAL HOLDINGS CORP	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--09-30	'
Entity Common Stock, Shares Outstanding	'	123,246,888
Amendment Flag	'false	'
Entity Central Index Key	'0001023844	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Dec-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Statements_of_Fin

Consolidated Statements of Financial Condition (Unaudited) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$15,643,000	$19,985,000
Restricted cash	92,000	92,000
Deposits with clearing organizations	1,387,000	1,107,000
Receivables from broker dealers and clearing organizations	2,799,000	4,296,000
Other receivables	3,044,000	1,049,000
Advances to registered representatives - Current portion, net of allowance for uncollectible accounts	647,000	384,000
Securities owned: marketable – at market value	427,000	428,000
Securities owned: nonmarketable – at fair value	30,000	39,000
Prepaid expenes	1,425,000	764,000
Total Current Assets	25,494,000	28,144,000
Advances to registered representatives - Long term portion	706,000	427,000
Fixed assets, net of accumulated depreciation	853,000	447,000
Intangible assets, net	9,982,000	'
Goodwill	4,464,000	'
Other assets	671,000	493,000
Total Assets	42,170,000	29,511,000
Current Liabilities	'	'
Accounts payable, accrued expenses and other liabilities	16,375,000	13,494,000
Payable to broker dealers and clearing organizations	13,000	13,000
Securities sold, but not yet purchased, at market value	16,000	15,000
Total Current Liabilities	16,404,000	13,522,000
Accrued expenses and other liabilities - Long term portion	294,000	192,000
Total Liabilities	16,698,000	13,714,000
National Holdings Corporation Stockholders' Equity	'	'
Common stock, $.02 par value, 150,000,000 shares authorized; 123,246,888 shares issued and outstanding at December 31, 2013 and 100,580,203 shares issued and outstanding at September 30, 2013	2,465,000	2,012,000
Additional paid-in capital	76,517,000	67,982,000
Accumulated deficit	-53,525,000	-54,212,000
Total National Holdings Corporation Stockholders' Equity	25,457,000	15,782,000
Non Controlling Interest	15,000	15,000
Total Stockholders' Equity	25,472,000	15,797,000
Total Liabilities and Stockholders' Equity	$42,170,000	$29,511,000

Consolidated_Statements_of_Fin1

Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Common stock, par value (in Dollars per share)	$0.02	$0.02
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	123,246,888	100,580,203
Common stock, shares outstanding	123,246,888	100,580,203

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Revenues	'	'
Commissions	$27,296,000	$16,041,000
Principal transactions	3,158,000	2,601,000
Investment banking fees	3,893,000	2,055,000
Interest and dividends	933,000	1,047,000
Transfer fees and clearing services	2,316,000	2,008,000
Investment advisory fees	3,181,000	2,419,000
Other	478,000	275,000
Total Revenues	41,793,000	26,446,000
Operating Expenses	'	'
Commissions, compensation and fees	34,933,000	22,835,000
Clearing fees	796,000	422,000
Communications	1,140,000	1,119,000
Occupancy, equipment and other admin expenses	2,590,000	770,000
Professional fees	1,015,000	771,000
Interest	16,000	165,000
Taxes, licenses and registration	508,000	408,000
Total Operating Expenses	40,998,000	26,490,000
Total provision for income taxes	108,000	'
Net Income (Loss) before non-controlling interest	687,000	-44,000
Net loss attributable to noncontrolling interest	'	-3,000
Net Income (Loss) attributable to common stockholders	687,000	-41,000
Net Income (loss) attributable to comon stockholders - Basic (in Dollars per share)	$0.01	$0
Net Income (loss) attributable to comon stockholders - Diluted (in Dollars per share)	$0.01	$0
Weighted number of shares outstanding - Basic (in Shares)	119,797,610	26,567,193
Weighted number of shares outstanding - Diluted (in Shares)	121,269,503	26,567,193
Tax Preparation and Accounting Fees [Member]	'	'
Revenues	'	'
Other	$538,000	'

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders' Equity (Deficit) (USD $)

Private Placement [Member]

Private Placement [Member]

Private Placement [Member]

Preferred Stock [Member]

Preferred Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Additional Paid-in Capital [Member]

Additional Paid-in Capital [Member]

Additional Paid-in Capital [Member]

Additional Paid-in Capital [Member]

Retained Earnings [Member]

Noncontrolling Interest [Member]

Subordinated Debt [Member]

Total

Common Stock [Member]

Additional Paid-in Capital [Member]

Series C Preferred Stock [Member]

Series D Preferred Stock [Member]

Series C Preferred Stock [Member]

Series D Preferred Stock [Member]

Subordinated Debt [Member]

Series C Preferred Stock [Member]

Series D Preferred Stock [Member]

Subordinated Debt [Member]

Balance at Sep. 30, 2012

'

'

'

$2,551,000

$3,605,000

'

'

'

$531,000

'

'

'

$46,184,000

($55,780,000)

$18,000

'

($2,891,000)

Balance (in Shares) at Sep. 30, 2012

'

'

'

34,169

60,000

'

'

'

26,555,572

'

'

'

'

'

'

'

'

Issuance of shares of common stock pursuant to 2013 Omnibus Stock Option Plan

'

'

'

'

'

'

'

'

13,000

'

'

'

227,000

'

'

'

240,000

Issuance of shares of common stock pursuant to 2013 Omnibus Stock Option Plan (in Shares)

'

'

'

'

'

'

'

'

621,817

'

'

'

'

'

'

'

'

Issuance of shares of common stock pursuant to satisfy certain liabilities

'

'

'

'

'

'

'

'

20,000

'

'

'

293,000

'

'

'

313,000

Issuance of shares of common stock pursuant to satisfy certain liabilities (in Shares)

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

Accrue for distribution of remaining equity to non-controlling equity holder

'

'

'

'

'

'

'

'

'

'

'

'

-147,000

'

'

'

-147,000

Fair value of stock options

'

'

'

'

'

'

'

'

'

'

'

'

139,000

'

'

'

139,000

Net income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

1,568,000

-3,000

'

1,565,000

Issuance of shares of common stock pursuant to the conversion

'

'

'

-2,551,000

-3,605,000

68,000

120,000

200,000

'

2,483,000

3,485,000

4,800,000

'

'

'

5,000,000

'

Issuance of shares of common stock pursuant to the conversion (in Shares)

'

'

'

-34,169

-60,000

3,416,691

6,000,000

10,000,000

'

'

'

'

'

'

'

'

'

Issuance of shares of common stock pursuant to the conversion of certain outstanding Warrants

'

'

'

'

'

'

'

'

259,000

'

'

'

-259,000

'

'

'

'

Issuance of shares of common stock pursuant to the conversion of certain outstanding Warrants (in Shares)

'

'

'

'

'

'

'

'

12,951,195

'

'

'

'

'

'

'

'

Issuance of shares of common stock pursuant to Private Placement

801,000

10,777,000

11,578,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares of common stock pursuant to Private Placement (in Shares)

40,034,928

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at Sep. 30, 2013

'

'

'

'

'

'

'

'

2,012,000

'

'

'

67,982,000

-54,212,000

15,000

'

15,797,000

Balance (in Shares) at Sep. 30, 2013

'

'

'

'

'

'

'

'

100,580,203

'

'

'

'

'

'

'

'

Fair value of stock options

'

'

'

'

'

'

'

'

'

'

'

'

148,000

'

'

'

148,000

Net income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

687,000

'

'

687,000

Issuance of shares of common stock pursuant to the acquisition of Gilman & Ciocia

'

'

'

'

'

'

'

'

453,000

'

'

'

8,387,000

'

'

'

8,840,000

Issuance of shares of common stock pursuant to the acquisition of Gilman & Ciocia (in Shares)

'

'

'

'

'

'

'

'

22,666,685

'

'

'

'

'

'

'

'

Balance at Dec. 31, 2013

'

'

'

'

'

'

'

'

$2,465,000

'

'

'

$76,517,000

($53,525,000)

$15,000

'

$25,472,000

Balance (in Shares) at Dec. 31, 2013

'

'

'

'

'

'

'

'

123,246,888

'

'

'

'

'

'

'

'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net income (loss)	$687,000	($41,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities	'	'
Depreciation and amortization	534,000	294,000
Amortization of advances to registered representatives	52,000	60,000
Compensatory element of common stock option issuances and restricted stock units	210,000	'
Net realized and unrealized gain on securities	-338,000	-18,000
Non-controlling interest	'	-3,000
Changes in assets and liabilities	'	'
Deposits with clearing organizations	-8,000	'
Receivables from broker-dealers and clearing organizations	3,319,000	1,060,000
Other receivables	-1,969,000	-194,000
Advances to registered representatives	178,000	-3,000
Securities owned: marketable - at market value	340,000	61,000
Securities owned: non-marketable - at fair value	9,000	-426,000
Prepaid expenses and other assets	-280,000	-211,000
Accounts payable, accrued expenses and other liabilities	-3,307,000	-951,000
Payable to broker dealers and clearing organizations	'	-85,000
Securities sold, but not yet purchased, at market	1,000	2,000
Net cash used in operating activities	-572,000	-455,000
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Acquisition-related cash acquired	1,654,000	'
Purchase of fixed assets	-24,000	-35,000
Payment of certain liabilities of Gilman & Ciocia	-5,400,000	'
Net cash used in investing activities	-3,770,000	-35,000
NET DECREASE IN CASH	-4,342,000	-490,000
CASH BALANCE	'	'
Beginning of the period	19,985,000	7,934,000
End of the period	15,643,000	7,444,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'	'
Interest	16,000	166,000
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES	'	'
Tangible assets acquired	5,587,000	'
Identifiable intangible assets acquired	10,417,000	'
Goodwill	4,464,000	'
Liabilities assumed	11,628,000	'
Stock issued pursuant to Gilman Ciocia acquisition	$8,840,000	'

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Dec. 31, 2013
Disclosure Text Block [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
	NOTE 1. BASIS OF PRESENTATION
	The accompanying consolidated financial statements of National Holdings Corporation (“National” or the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”) for interim financial statements and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and disclosures required for annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The consolidated financial statements as of December 31, 2013 and for the three months ended December 31, 2013 and 2012 are unaudited. The results of operations for the interim periods are not necessarily indicative of the results of operations for the respective fiscal years. The accompanying consolidated financial information should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2013.
	Merger
	On October 15, 2013, we completed a merger with Gilman Ciocia pursuant to the terms and conditions of the Agreement and Plan of Merger (the “Merger Agreement”), dated as of June 20, 2013, by and among us, National Acquisition Corp., a Delaware corporation and our wholly-owned subsidiary (“Merger Sub”), and Gilman, Merger Sub was merged with and into Gilman, with Gilman surviving the merger and becoming a wholly-owned subsidiary of the Company.
	Pursuant to the Merger Agreement, the Company issued to the Gilman stockholders approximately 22.66 million shares of its common stock in exchange for all outstanding shares of Gilman common stock.

Note_2_Consolidation

Note 2 - Consolidation	3 Months Ended
	Dec. 31, 2013
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	NOTE 2. CONSOLIDATION
	The consolidated financial statements include the accounts of National and its wholly owned subsidiaries. National operates primarily through its wholly owned subsidiaries, National Securities Corporation (“National Securities” or “NSC”) and vFinance Investments, Inc. (“vFinance Investments”) (collectively, the “Broker-Dealer Subsidiaries”) and Gilman for the period October 16, 2013 through December 31, 2013. In conjunction with the Merger with Gilman, the Company added Prime Capital Services, Inc. (“Prime”) to its portfolio of Broker Dealer subsidiaries, however, in November, National Securities and Prime received approval from FINRA allowing for a mass transfer of its brokers and customer accounts to National Securities. This transfer was completed on November 22, 2013. This transfer was done to reduce overhead and consolidate the administrative and regulatory structures of the two entities. The Company filed a Broker Dealer withdrawal for Prime in January 2014.The Broker-Dealer Subsidiaries conduct a national securities brokerage business through their main offices in New York, New York, Boca Raton, Florida, and Seattle, Washington.
	Through its Broker-Dealer Subsidiaries, the Company (1) offers full service retail brokerage to approximately 100,000 retail, high net worth individuals and institutional clients, (2) provides investment banking, merger, acquisition and advisory services to micro, small and mid-cap high growth companies, (3) engages in trading securities, including making markets in approximately 6,000 micro and small-cap, NASDAQ and other exchange listed stocks and (4) provides liquidity in the United States Treasury marketplace. Its Broker-Dealer Subsidiaries are introducing brokers and clear all transactions through clearing organizations on a fully disclosed basis. They are registered with the Securities and Exchange Commission ("SEC"), are members of the FINRA, the Securities Investor Protection Corporation ("SIPC") and the National Futures Association ("NFA").
	The Company’s wholly owned subsidiary, National Asset Management, Inc., a Washington corporation ("NAM"), is a federally-registered investment adviser providing asset management advisory services to high net worth clients for a fee based upon a percentage of assets managed.
	The Company’s wholly owned subsidiary, National Insurance Corporation, a Washington corporation ("National Insurance"), provides fixed insurance products to its clients, including life insurance, disability insurance, long term care insurance and fixed annuities.
	The Company’s wholly-owned subsidiary Gilman Ciocia, Inc., a Delaware corporation, provides federal, state and local tax preparation services to individuals, predominantly in the middle and upper income tax brackets and accounting services to small and midsize companies.
	The Company’s wholly owned subsidiary, Prime Financial Services, a Delaware corporation ("Prime Financial "), provides fixed insurance products to its clients, including life insurance, disability insurance, long term care insurance and fixed annuities.
	The Company’s wholly owned subsidiary, Asset and Financial Planning LTD, a New York corporation ("AFP"), is a federally-registered investment adviser providing asset management advisory services to high net worth clients for a fee based upon a percentage of assets managed.
	The Company’s wholly owned subsidiary, GC Capital Corporation, a Washington corporation ("GC"), provides fixed insurance products to its clients, including life insurance, disability insurance, long term care insurance and fixed annuities.

Note_3_Summary_of_Significant_

Note 3 - Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Furthermore, the Company has been named as a defendant in various customer arbitrations. These claims result from the actions of brokers affiliated with the Company. The Company may have established liabilities for potential losses from such complaints, legal actions, government investigations, and proceedings where necessary in accordance with GAAP. In establishing these liabilities, management uses judgment to determine the probability that losses will be incurred and a reasonable estimate of the amount of losses. In making these decisions, management bases its judgments on our knowledge of the situations, consultations with legal counsel and our historical experience in resolving similar matters. In many lawsuits, arbitrations and regulatory proceedings, it is not possible to determine whether a liability has been incurred or to estimate the amount of that liability until the matter is close to resolution. However, accruals are reviewed regularly and are adjusted to reflect our estimates of the impact of developments, rulings, advice of counsel and any other information pertinent to a particular matter. Because of the inherent difficulty in predicting the ultimate outcome of legal and regulatory actions, we cannot predict with certainty the eventual loss or range of loss related to such matters. If managements judgment proves to be incorrect, our liability for losses and contingencies may not accurately reflect actual losses that result from these actions, which could materially affect results in the period other expenses are ultimately determined. As of December 31, 2013 and September 30, 2013, the Company accrued approximately $312,000 and $250,000, respectively for these matters. These claims may be covered by our errors and omissions insurance policy. While we will vigorously defend ourselves in these matters, and will assert insurance coverage and indemnification to the maximum extent possible, there can be no assurance that these lawsuits and arbitrations will not have a material adverse impact on our financial position.
	Revenue Recognition
	The Company generally acts as an agent in executing customer orders to buy or sell listed and over-the-counter securities in which it may or may not make a market, and charges commissions based on the services the Company provides to its customers. In executing customer orders to buy or sell a security in which the Company makes a market, the Company may sell to, or purchase from, customers at a price that is substantially equal to the current inter-dealer market price plus or minus a mark-up or mark-down. The Company may also act as agent and execute a customer's purchase or sale order with another broker-dealer market-maker at the best inter-dealer market price available and charge a commission. Mark-ups, mark-downs and commissions are generally priced competitively based on the services it provides to its customers. In each instance the commission charges, mark-ups or mark-downs, are in compliance with guidelines established by FINRA.
	Customer security transactions and the related commission income and expense are recorded on a trade date basis. Customers who are financing their transaction on margin are charged interest. The Company’s margin requirements are in accordance with the terms and conditions mandated by its clearing firms, National Financial Services LLC (“NFS”), COR Clearing LLC, formerly known as Legent Clearing (“COR”), ICBC, formerly known as Fortis Securities, LLC (“ICBC”), Rosenthal Collins Group, LLC. (“Rosenthal”), and R.J. O’Brien (“RJO”) and Southwest Securities. The interest is billed on the average daily balance of the margin account.
	Investment banking revenues include gains, losses, and fees, net of syndicate expenses, arising from securities offerings in which the Company acts as an underwriter or agent. Investment banking revenues also include fees earned from providing financial advisory services. Investment banking management fees are recognized on the offering date, sales concessions on the trade date, and underwriting fees at the time the underwriting is completed and the income is reasonably determinable.
	Principal transactions result from mark-ups and mark-downs in securities transactions entered into for the account of the Company. Some of these transactions may involve the Company taking a position in securities that may expose the Company to losses. These revenues are recorded on a trade date basis.
	Clearing and other brokerage income are fees charged to the broker on customer’s security transactions, and are recognized as of the trade date.
	Investment advisory fees are derived from account management and investment advisory services provided to high net worth clients. These fees are determined based on a percentage of the customers assets under management, may be billed monthly or quarterly and recognized when earned.
	Fees associated with tax return preparation and accounting services are recognized when the services have been provided. Such fees are agreed to by the customers prior to the provision of the services and are billed when the services have been provided, which may occur daily.
	Other revenue consists of miscellaneous fees charged to both customer and our independent contractors for services rendered.
	Cash and Cash Equivalents
	The Company considers all highly liquid temporary cash investments with an original maturity of three months or less when purchased, to be cash equivalents.
	Fixed Assets
	Fixed assets are recorded at cost. Depreciation is calculated using the straight-line method based on the estimated useful lives of the related assets, which range from three to five years. Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful lives of the assets or the terms of the leases. Maintenance and repairs are charged to expense as incurred; costs of major additions and betterments that extend the useful life of the asset are capitalized. When assets are retired or otherwise disposed of, the costs and related accumulated depreciation or amortization are removed from the accounts and any gain or loss on disposal is recognized.
	Income Taxes
	The Company recognizes deferred tax assets and liabilities based on the difference between the financial statements carrying amounts and the tax basis of assets and liabilities, using the effective tax rates in the years in which the differences are expected to reverse. A valuation allowance related to deferred tax assets is also recorded when it is more likely than not that some or all of the deferred tax asset may not be realized.
	Fair Value of Financial Instruments
	The Company uses FASB Accounting Standards Codification 820-Pursuant to Fair Value Measurements and Disclosures, or ASC 820, for assets and liabilities measured at fair value on a recurring basis which establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value, and expands disclosure about such fair value measurements.
	ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:
	Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
	Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting  entity’s own assumptions.
	Cash and cash equivalents include money market securities that are considered to be highly liquid and easily tradable as of December 31, 2013, and September 30, 2013, respectively. These securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within the fair value hierarchy.
	The Company had securities owned- nonmarketable including warrants it received as partial compensation from clients for investment banking services as Level 2 assets as of December 31, 2013 and September 30, 2013.
	The warrants issued by the clients to the Company as partial compensation for banking services are not readily convertible to cash pursuant to ASC 605-10-20. Accordingly, they are classified as non-marketable securities. Once the securities underlying the warrants have quoted prices available in an active market that can rapidly absorb the quantity held by the Company without significantly affecting the price, the Company attributes a value to the warrants using the respective price of the warrants and the quoted prices of the securities underlying the warrants and other key inputs.
	The Company relies on ASC 940-820 to determine the fair value of its marketable and nonmarketable securities. The Company evaluates the fair value of such instruments based on the following factors:
	Financial standing, economic conditions, and refinancing risk of the issuer, cost at the date of purchase, liquidity of the market of the securities, if any, reported prices, pricing by other dealer in the issuer or similar securities.
	Impairment of Long-Lived Assets
	The Company reviews long-lived assets for impairment at least once a year or earlier if circumstances and situations change such that there is an indication that the carrying amounts may not be recovered, in accordance with professional standards. In such circumstances, the Company will estimate the future cash flows expected to result from the use of the asset and its eventual disposition. Future cash flows are the future cash inflows expected to be generated by an asset less the future outflows expected to be necessary to obtain those inflows. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount of the asset, the Company will recognize an impairment loss to adjust to the fair value of the asset.
	The Company first assesses qualitative factors to determine whether it is necessary to perform a two-step quantitative goodwill impairment test. If, based on its qualitative assessment, the Company believes that it is more likely than not that its fair value is less that its carrying amount, it will calculate the fair value of its reporting unit from which the goodwill is derived. If the fair value of the reporting unit exceeds its carrying value, goodwill is not impaired and no further testing is required. If the fair value of the reporting unit is other than its carrying value, the Company performs the second step of the impairment process to measure the amount of the impairment loss, if any. Pursuant to the second step, the reporting unit’s fair value is allocated to all of its assets and liabilities in the same manner as if the reporting unit was being acquired in a business combination. If the implied fair value of the reporting unit is less than the its carrying value, the difference is recorded as an impairment loss.
	The Company reviews purchased intangible assets with a finite life for impairment at least once a year or earlier if circumstances and situations change such that there is an indication that the carrying amounts may not be recovered, In such circumstances, the Company will estimate the future cash flows expected to result from the use of the asset and its eventual disposition. Future cash flows are the future cash inflows expected to be generated by an asset less the future outflows expected to be necessary to obtain those inflows. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount of the asset, the Company will recognize an impairment loss to adjust to the fair value of the asset.
	Common Stock Purchase Warrants
	The Company accounts for the issuance of common stock purchase warrants issued in connection with capital financing transactions in accordance with professional standards for "Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company's Own Stock". In accordance with professional standards, the Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement).
	Convertible Instruments
	The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with professional standards for “Accounting for Derivative Instruments and Hedging Activities”.
	Professional standards generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Professional standards also provide an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument”.
	The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards when “Accounting for Convertible Securities with Beneficial Conversion Features,” as those professional standards pertain to “Certain Convertible Instruments.” Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note.
	ASC 815-40 provides that, among other things, generally, if an event is not within the entity’s control could require net cash settlement, then the contract shall be classified as an asset or a liability.
	The Company evaluated the terms of the Series C and D Preferred Stock at September 30, 2012 to determine whether they should be classified as a liability, temporary equity, or permanent equity and whether their conversion options should be bifurcated and accounted for as derivatives. The terms of their Series C and D provide for the following among other things: they are convertible at the holder’s option to a fixed number of shares of common stock of the Company at the classification dates and they are not redeemable. The characteristics of the common stock that is issuable upon a holder’s exercise of the conversion option of the convertible preferred stock are deemed to be clearly and closely related to the characteristics of the Company’s common stock. Additionally, the Company’s conversion options, if free standing, would not be considered derivatives subject to the accounting guidelines prescribed in accordance with professional standards. As of December 31, 2013 the Company had no convertible debt instruments outstanding.
	Net Income (Loss) per Common Share
	Basic net income (loss) per share is computed on the basis of the weighted average number of common shares outstanding. Diluted net loss per share is computed on the basis of the weighted average number of common shares outstanding plus the potential dilution that could occur if certain securities or other contracts to issue common shares were exercised or converted.
			Three Month Period Ended
			December 31,
			2013		2012
	Numerator:
	Net income (loss)		$	687,000	$	(41,000	)
	Denominator:
	Denominator for basic earnings per share--weighted average shares			119,797,610		26,567,193
	Effect of dilutive securities:
	Assumed conversion of dilutive options			228,261		-
	Assumed conversion of unvested restricted stock units			1,243,632		-
	Denominator for diluted earnings per share--adjusted weighted-average shares and assumed conversions			121,269,503		26,567,193
	Income (Loss) per share:
	Net income (loss) available to common stockholders
	Basic		$	0.01	$	(0.00	)
	Diluted		$	0.01	$	(0.00	)
	The weighted-average anti-dilutive common share equivalents are as follows:
			December 31,
			2013		2012
	Series C Preferred Stock			-		3,416,692
	Series D Preferred Stock			-		6,000,000
Convertible notes payable			-		11,125,000
Options			12,021,739		1,130,000
Warrants			896,755		14,467,941
			12,918,494		36,139,633
The anti-dilutive common shares outstanding at December 31, 2013 and 2012 are as follows:
		December 31,
		2013		2012
Series A Preferred Stock			-		-
Series C Preferred Stock			-		3,416,692
Series D Preferred Stock			-		6,000,000
Convertible notes payable			-		11,125,000
Options			12,021,739		1,130,000
Warrants			896,755		14,467,941
			12,918,494		36,139,633
Stock-Based Compensation
ASC Topic 718 accounting for “Share Based Payment” addresses all forms of share based payment (“SBP”) awards including shares issued under employee stock purchase plans, stock options, restricted stock and stock appreciation rights. Under Topic 718, SBP awards result in a charge to operations measured at fair value on the awards grant date, based on the estimated number of awards expected to vest over the service period.
The Company has historically used the Black-Scholes option valuation model to estimate the fair value of any options granted. The model includes subjective input assumptions that can materially affect the fair value estimates. The model was developed for use in estimating the fair value of traded options that have no vesting restrictions and that are fully transferable. For example, the expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the options granted. Options issued under the Company's option plans have characteristics that differ from traded options.
Market Risk
The investments of the Company are subject to normal market fluctuations and other risks inherent in investing in securities and there can be no assurance that any appreciation in value will occur. The value of investments can fall as well as rise and investors may not realize the amount that they invest.
Entering into Short Positions
A short sale involves the sale of a security that is not owned in the expectation of purchasing the same security (or a security exchangeable) at a later date at a lower price. A short sale involves the risk of a theoretically unlimited increase in the market price of the security that would result in a theoretically unlimited loss, although this potential loss is mitigated in the case of debt securities by the nature of such securities.
Concentrations of Credit Risk
The Company is engaged in trading and providing a broad range of securities brokerage and investment services to a diverse group of retail and institutional clientele, as well as corporate finance and investment banking services to corporations and businesses. Counterparties to the Company’s business activities include broker-dealers and clearing organizations, banks and other financial institutions. The Company primarily uses clearing brokers to process transactions and maintain customer accounts on a fee basis for the Company. The Company uses three clearing brokers for substantially all of its business. The Company permits the clearing firms to extend credit to its clientele secured by cash and securities in the client’s account. The Company’s exposure to credit risk associated with the non-performance by its customers and counterparties in fulfilling their contractual obligations can be directly impacted by volatile or illiquid trading markets, which may impair the ability of customers and counterparties to satisfy their obligations to the Company. The Company has agreed to indemnify the clearing brokers for losses they incur while extending credit to the Company’s clients. It is the Company’s policy to review, as necessary, the credit standing of its customers and counterparties. Amounts due from customers that are considered uncollectible by the clearing broker are charged back to the Company by the clearing broker when such amounts become determinable. Upon notification of a charge back, such amounts, in total or in part, are then either (i) collected from the customers, (ii) charged to the broker initiating the transaction and included in other receivables in the accompanying consolidated statements of financial condition, and/or (iii) charged as an expense in the accompanying consolidated statements of operations, based on the particular facts and circumstances.
The Company maintains cash with major financial institutions. All accounts are insured up to $250,000 in aggregate, by company and by financial institution. To reduce its risk associated with the failure of such financial institutions, the Company periodically evaluates the credit quality of the counterparties in which it holds deposits. As a result of this evaluation, the Company believes it is not exposed to any significant credit risks for cash.
Other Receivables
The Company extends unsecured credit in the normal course of business to certain business clients and unconsolidated affiliates. The determination of the amount of uncollectible accounts is based on the amount of credit extended and the length of time each receivable has been outstanding, as it relates to each individual relationship. The Company periodically receives payment from various clients for fees earned from investment banking deals, tax preparation fees and other transactions. These amounts are usually collected within sixty to ninety days and as of December 31, 2013 the Company had an allowance for doubtful accounts of $261,000, primarily attributable to the tax preparation fees. Additionally, other amounts due from unrelated parties are assessed and usually collected within thirty to sixty days.
Advances to Registered Representatives
Advances are given to certain registered representatives as an incentive for their affiliation with the Broker-Dealer Subsidiaries. The representative signs an independent contractor agreement with the Broker-Dealer Subsidiaries for a specified term, typically a three-year period. The advance is then amortized on a straight-line basis or based on a percentage of production over the life of the broker’s agreement with the Broker-Dealer Subsidiaries, and is included in commission expense in the accompanying consolidated statements of operations. In the event a representative’s affiliation terminates prior to the fulfillment of their contract, the representative is required to repay the unamortized balance. At December 31, and September 30, 2013 there was approximately $0 and $13,000, respectively, of allowance for uncollectable amounts associated with these receivables.
Securities Owned
Marketable securities which consist of publicly traded unrestricted common stock and bonds are valued at the closing price on the valuation date. Non-marketable securities which consist partly of restricted common stock and of non-tradable warrants exercisable into freely trading common stock of public companies are carried at market value or as required, at fair value as determined in good faith by management.
Other Assets
Other assets consist primarily of prepaid expenses and lease deposits.
Legal and Other Contingencies
The outcomes of legal proceedings and claims brought against the Company are subject to significant uncertainty. ASC 450-10, Accounting for Contingencies, requires that an estimated loss from a loss contingency such as a legal proceeding or claim should be accrued by a charge to income if it is probable that an asset has been impaired or a liability has been incurred and the amount of the loss can be reasonably estimated. Disclosure of a contingency is required if there is at least a reasonable possibility that a loss has been incurred. In determining whether a loss should be accrued we evaluate, among other factors, the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of loss. Changes in these factors could materially impact our results of operations, financial position, or our cash flows.
Reclassifications
Certain items in the fiscal 2013 financial statements have been reclassified to conform to the presentation in the fiscal 2014 financial statements. Such reclassifications did not have a material impact on the presentation of the overall financial statements.
Recently Adopted Accounting Guidance
In July 2012, the FASB issued ASU No. 2012-02, Testing indefinite-lived intangible assets for impairment. The update aims to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories. This guidance was effective for the Company beginning on October 1, 2012. The adoption of this accounting guidance did not have a material impact on the Company’s financial statements.
In December 2011, the FASB issued ASU No. 2011-11, Disclosures about offsetting assets and liabilities, an accounting update that creates new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the statement of financial condition or subject to an enforceable master netting arrangement or similar arrangement. The disclosure requirements are effective for the Company beginning on or after January 1, 2013. Since these amended principles require only additional disclosures concerning offsetting and related arrangements, adoption will not affect the Company’s consolidated statements of income or financial condition.
In September 2011, the FASB issued Accounting Standard Update (“ASU”) No. 2011-08, Testing Goodwill for Impairment. The new guidance provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity determines that this is the case, it is required to perform the currently prescribed two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized for that reporting unit (if any). If an entity determines that the fair value of a reporting unit is greater than its carrying amount, the two-step goodwill impairment test is not required. The new guidance was effective for the Company beginning October 1, 2012 and did not have material impact on the Company’s financial statements upon adoption.
Recent Accounting Guidance Not Yet Adopted
In July 2013, the FASB Issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The Update provides guidance for the presentation of an unrecognized tax benefit when, among other things, a net operating loss carryforward exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date.
The new guidance will be effective for the Company beginning January 1, 2014. Earlier adoption is permitted. The Company believes that the new guidance will not have any material impact on the Company’s financial statements upon adoption.
In February 2013, the FASB issued Accounting Standard Update (“ASU”) No. 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date. The Update provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. generally accepted accounting principles (GAAP). The guidance in this Update requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the following:
a. The amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors
b. Any additional amount the reporting entity expects to pay on behalf of its co-obligors.
The guidance in this Update also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. The new guidance became effective for the Company beginning January 1, 2014. The Company believes that the new guidance will not have any material impact on the Company’s financial statements.

Note_4_Business_Combination

Note 4 - Business Combination	3 Months Ended
	Dec. 31, 2013
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	NOTE 4- BUSINESS COMBINATION
	On October 15, 2013, the Company completed its acquisition of all of the issued and outstanding shares of Gilman. Pursuant to the acquisition agreements, the Company issued 22,666,685 shares of its common stock to the stockholders of Gilman. Additionally, the Company satisfied the obligations pursuant to certain liabilities of Gilman in consideration of $5,400,000. In August 2013, the Company issued 10,583,330 shares of its common stock pursuant to a private placement which generated net proceeds of $3,016,000 to partially finance the cash consideration of $5,400,000. Additionally, the Company granted 1,950,000 options to certain employees of Gilman whose employment agreements were assumed by the Company.
	The acquisition of Gilman provides a platform to the Company to expand its existing service in the financial planning arena and adds tax return preparation services. The acquisition also increased substantially the number of representatives and new customers through which the Company can market its services.
	The acquisition of Gilman has been accounted for as a business combination. Effective October 16, 2013, the results of Gilman’s operations are included in the Company’s consolidated financial statements.
	The following tables summarizes the consideration transferred to acquire Gilman and the amounts of identifiable assets acquired and liabilities assumed based on the estimated fair value at the acquisition date:
	Issuance of 22,666,685 shares of common stock to Gilman Stockholders	$	8,840,000
	Cash to satisfy obligations pursuant to certain liabilities of Gilman		5,400,000
	Total Consideration	$	14,240,000
	The following table summarizes the recognized amounts of identifiable assets acquired and liabilities assumed:
	Current assets	$	4,833,000
	Fixed assets		482,000
	Other assets		272,000
	Current liabilities		(6,000,000	)
	Long-term liabilities		(5,628,000	)
	Net tangible liabilities assumed		(6,041,000	)
	Liabilities satisfied at closing		5,400,000
	Intangible assets		10,417,000
	Goodwill		4,464,000
	Total consideration	$	14,240,000
	The aforementioned allocation to identifiable intangible assets and goodwill is preliminary and the Company is still evaluating the allocation of the purchase price among certain intangible assets and goodwill. The Company anticipates that it will complete its analysis of the allocation of the purchase price among such assets within the next three months and that the final allocation will vary from the preliminary allocation. The goodwill recognized is attributable to expected synergies and other benefits that the Company believes will result from combining its operations of Gilman’s. The intangible assets recognized are primarily attributable to expected increased margins that the Company believes will result from Gilman’s existing customer relationships and increased margins from financial planning and tax preparation services that the Company will offer to its existing clients.
	The following table presents the intangible assets subject to amortization and the carrying amount as of December 31, 2013 and the respective estimated useful lives:
	Intangible asset	Preliminary			Accumulated			Carrying		Estimated
		Fair Value			Amortization			Value		Useful Life (years)
	Customer Relationships	$	8,333,600		$	(347,000	)	$	7,986,600		5
	Brand		2,083,400			(88,000	)		1,995,400		5
		$	10,417,000		$	(435,000	)	$	9,982,000
	The estimated future amortization expense of the intangible assets with a finite life, for the next five fiscal years and thereafter is as follows:
	Year ended
	September 30,
	2014	$	1,650,000
	2015		2,083,000
	2016		2,083,000
	2017		2,083,000
	2018		2,083,000
	Thereafter		0
	The following unaudited pro forma consolidated results of operations have been prepared as if the acquisition occurred at October 1, 2012:
		(Unaudited)
		Three Month Period Ended December 31,
		2013			2012
	Revenues	$	43,861,000		$	34,601,000
	Net Income (Loss)	$	199,000		$	(1,541,000	)
	Basic earnings (loss) per share	$	0		$	(0.02	)
	Diluted earnings (loss) per share	$	0		$	(0.02	)
	These amounts have been calculated after applying the Company’s accounting policies and adjusting the results to reflect, among other things, 1) additional amortization that would have been charged assuming the fair value adjustments to amortizable intangible assets had been applied, 2) additional compensation related to the grant of 1,950,000 stock options to certain employees of Gilman whose employment agreement was assumed by the Company, and 3) the shares issued by the Company in August 2013 to partially fund the $5,400,000 cash consideration. These pro forma results of operations have been prepared for comparative purposes only, and they do not purport to be indicative of the results of operations that actually would have been resulted had the acquisition occurred on the date indicated or that may result in the future.
	The amount of revenues and income (loss) of Gilman since the acquisition date included in the statement of operations for the three months ended December 31, 2013 are as follows:
	Revenues	$	6,880,000
	Net loss	$	(547,000	)

Note_5_Clearing_Agreements

Note 5 - Clearing Agreements	3 Months Ended
	Dec. 31, 2013
Due to and from Broker-Dealers and Clearing Organizations [Abstract]	'
Schedule of Due to (from) Broker-Dealers and Clearing Organizations [Table Text Block]	'
	NOTE 5. CLEARING AGREEMENTS
	National Securities Corporation and vFinance Investments, Inc. have separate but coterminous clearing agreements with National Financial Services, LLC with a termination date of February 1, 2015. The clearing agreement includes a termination fee if either broker dealer terminates the agreement without cause. The Broker Dealer Subsidiaries currently have clearing agreements with NFS, Legent, ICBC, Rosenthal, RJO and Southwest Securities.

Note_6_BrokerDealers_and_Clear

Note 6 - Broker-Dealers and Clearing Organizations Receivables and Payables	3 Months Ended
	Dec. 31, 2013
Due to and from Broker-Dealers and Clearing Organizations [Abstract]	'
Due to and from Broker-Dealers and Clearing Organizations Disclosure [Text Block]	'
	NOTE 6. BROKER-DEALERS AND CLEARING ORGANIZATIONS RECEIVABLES AND PAYABLES
	At December 31, 2013 and September 30, 2013, the receivables of $2,799,000 and $4,296,000, respectively, from broker-dealers and clearing organizations represent net amounts due for fees and commissions. At December 31, 2013 and September 30, 2013, the amounts payable to broker dealers and clearing organizations of $13,000 and $13,000, respectively, represent amounts owed to clearing firms or other broker dealers for fees on transactions and payables to other broker dealers.

Note_7_Other_Receivables

Note 7 - Other Receivables	3 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	NOTE 7. OTHER RECEIVABLES
	At December 31, 2013 and September 30, 2013, the Company had other receivables net of allowance for uncollectable accounts of $3,044,000 and $1,049,000, respectively, primarily from underwriting and management fees from investment banking transactions that the Company participated in.

Note_8_Advances_To_Registered_

Note 8 - Advances To Registered Representatives	3 Months Ended
	Dec. 31, 2013
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]	'
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]	'
	NOTE 8. ADVANCES TO REGISTERED REPRESENTATIVES
	An analysis of advances to registered representatives for the quarter ended December 31, 2013 is as follows:
		Advances to
		Registered
		Representative
	Balance, September 30, 2013	$	811,000
	Advances		803,000
	Amortization or repayment of advances		(261,000	)
	Balance, December 31, 2013	$	1,353,000
	There were no unamortized advances outstanding attributable to registered representatives who ended their affiliation with National Securities prior to the fulfillment of their obligation.

Note_9_Securities_Owned_And_Se

Note 9 - Securities Owned And Securities Sold, But Not Yet Purchased At Fair Value	3 Months Ended
	Dec. 31, 2013
Investment Holdings [Abstract]	'
Investment Holdings [Text Block]	'
	NOTE 9. SECURITIES OWNED AND SECURITIES SOLD, BUT NOT YET PURCHASED AT FAIR VALUE
	The following tables show the fair market values of securities owned by the Company, and securities sold but not yet purchased by the Company, as of December 31, 2013 and September 30, 2013:
	Fair Value Measurements
	Securities owned at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	243,000		-		-	$	243,000
	Mutual funds		50,000						50,000
	Fixed income securities		134,000		-		-		134,000
	Restricted stock and warrants		-		30,000		-		30,000
		$	427,000	$	30,000	$	-	$	457,000
	Securities sold, but not yet purchased at fair value	Level 1		Level 2		Level 3		Total
	Fixed income securities	$	16,000		-		-	$	16,000
		$	16,000	$	-	$	-	$	16,000
	Securities owned at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	428,000		-		-	$	428,000
	Restricted stock and warrants		-		39,000		-		39,000
		$	428,000	$	39,000	$	-	$	467,000
	Securities sold, but not yet purchased at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	15,000		-		-	$	15,000
		$	15,000	$	-	$	-	$	15,000

Note_10_Fixed_Assets

Note 10 - Fixed Assets	3 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	NOTE 10. FIXED ASSETS
	Fixed assets as of December 31, 2013 and September 30, 2013, respectively, consist of the following:
		December 31,			September 30,			Estimated Useful
		2013			2013			Lives (years)
	Equipment	$	2,719,000		$	2,668,000			5
	Furniture and fixtures		572,000			532,000			5
	Leasehold improvements		1,419,000			1,074,000		Lesser of useful life or term of lease
	Capital Leases (Primarily composed  of Computer Equipment)		2,580,000			2,510,000			5
			7,290,000			6,784,000
	Less accumulated depreciation and amortization		(6,437,000	)		(6,337,000	)
	Fixed assets - net	$	853,000		$	447,000
	Depreciation expense for the three months ended December 31, 2013 and 2012 was $100,000 and $138,000, respectively.

Note_11_Other_Assets

Note 11 - Other Assets	3 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Other Assets Disclosure [Text Block]	'
	NOTE 11. OTHER ASSETS
	At December 31, 2013 and September 30, 2013, the Company had other assets of $671,000 and $493,000, respectively, primarily comprised of security deposits for the Company’s offices.

Note_12_Accounts_Payable_Accru

Note 12 - Accounts Payable, Accrued Expenses and Other Liabilities	3 Months Ended
	Dec. 31, 2013
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	NOTE 12. ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
	Accounts payable, accrued expenses and other liabilities consist of the following:
		December 31,		September 30,
		2013		2013
	Commissions payable	$	9,931,000	$	9,141,000
	Deferred clearing fee credits		114,000		138,000
	Telecommunications vendors payable		242,000		166,000
	Legal payable		401,000		584,000
	Deferred rent payable		267,000		220,000
	Accrued compensation		851,000		195,000
	Settlements		593,000		-
	Capital lease liability		86,000		108,000
	Other vendors		4,184,000		3,134,000
	Total	$	16,669,000	$	13,686,000

Note_13_Commitments_and_Contin

Note 13 - Commitments and Contingencies	3 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	NOTE 13. COMMITMENTS AND CONTINGENCIES
	Litigation and Regulatory Matters
	The Company has been named as a defendant in various legal actions, substantially all of which are arbitrations. In view of the inherent difficulty of predicting the outcome of such matters, particularly in cases in which claimants seek substantial or indeterminate damages, the Company cannot predict with certainty what the eventual loss or range of loss related to such matters will be. The Company recognizes a legal liability when it believes it is probable a liability has occurred and the amount can be reasonably estimated. If some amount within a range of loss appears at the time to be a better estimate than any other amount within the range, the Company accrues that amount. When no amount within the range is a better estimate than any other amount, however, the Company accrues the minimum amount in the range.
	The Company records legal reserves and related insurance recoveries for significant or unusual cases on a gross basis.
	The Company is subject to and maintains insurance coverage for claims and lawsuits in the ordinary course of business, such as customer complaints or disclosures about risks with securities purchased, as well as various arbitrations and other litigation matters.
	Defense costs are expensed as incurred and classified as professional services within the unaudited condensed consolidated statements of income. When there is indemnification or insurance, the Company may engage in defense or settlement and subsequently seek reimbursement for such matters. In connection with various acquisitions, and pursuant to the purchase and sale agreements, the Company has received third-party indemnification for certain legal proceedings and claims. Some of these matters have been defended and paid directly by the indemnifying party.
	The Company believes, based on the information available at this time, after consultation with counsel, consideration of insurance, if any, and indemnifications provided by the third-party indemnitors, that the outcomes of any legal proceedings will not have a material adverse impact on the unaudited condensed consolidated statements of income, financial condition or cash flows.
	The Company and its subsidiaries are defendants in arbitrations and administrative proceedings, lawsuits and claims, which are routine and incidental to our business, alleging specified damages of approximately $16,350,000. These matters arise in the normal course of business. The Company intends to vigorously defend itself in these actions, and based on discussions with counsel believes that the eventual outcome of these matters will not have a material adverse effect on the Company. However, the ultimate outcome of these matters cannot be determined at this time. The amounts related to such matters that are reasonably estimable and which have been accrued at December 31, 2013 and September 30, 2013, are approximately $312,000 and $250,000 (inclusive of legal fees incurred to date and estimated claims), respectively, and have been included in "Accounts Payable, Accrued Expenses and Other Liabilities" in the accompanying consolidated statements of financial condition. The Company has included in "Professional fees" litigation and FINRA related expenses of $260,000 and 290,000 for the three months ended December 31, 2013 and 2012, respectively.

Note_14_Related_Party_Transact

Note 14 - Related Party Transactions	3 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 14. RELATED PARTY TRANSACTIONS
	Mr. Fagenson, the Co-Executive Chairman of the Board of Directors is a party to an Independent Contractor Agreement, dated February 27, 2012, with the NSC, whereby in exchange for establishing and maintaining a branch office of NSC in New York, New York (the “Branch”), Mr. Fagenson receives 50% of any net income accrued at the Branch, which amounted to date has been immaterial and his daughter, Stephanie Fagenson, is receiving an annual salary of $72,000.
	Mr. Fagenson was also a party to a sub-lease agreement wherein during the aftermath of Hurricane Sandy in fiscal year 2012 and part of 2013, Mr. Fagenson sublet office space to an independent contractor office of National Securities. This agreement was of no financial consequence to the Company and was terminated during fiscal 2013.
	M. Klein & Company was engaged during the fiscal year ended 2013 to perform certain evaluation services and to advise the Board on corporate actions. The principal officer engaged to conduct these services is the brother of the Chief Executive Officer and Co-Chairman of the Board. Mark Klein received no direct or indirect compensation as a result of this engagement. The total fees accrued for these services in the three months ended December 31, 2013 were $50,000 and no fees were paid in the same period in 2012.

Note_15_Net_Capital_Requiremen

Note 15 - Net Capital Requirements	3 Months Ended
	Dec. 31, 2013
Brokers and Dealers [Abstract]	'
Brokers and Dealers Disclosure [Text Block]	'
	NOTE 15. NET CAPITAL REQUIREMENTS
	The Company’s Broker-Dealer Subsidiaries are subject to the SEC's Uniform Net Capital Rule 15c3-1, which is designed to measure the general financial integrity and liquidity of a broker-dealer and requires the maintenance of minimum net capital. Net capital is defined as the net worth of a broker-dealer subject to certain adjustments. In computing net capital, various adjustments are made to net worth that exclude assets not readily convertible into cash. Additionally, the regulations require that certain assets, such as a broker-dealer's position in securities, be valued in a conservative manner so as to avoid over-inflation of the broker-dealer's net capital.
	National Securities has elected to use the alternative standard method permitted by the Rule. This requires that National Securities maintain minimum net capital equal to the greater of $250,000 or a specified amount per security based on the bid price of each security for which National Securities is a market maker. The alternative method precludes National Securities from having to calculate a ratio of aggregate indebtedness to net capital. At December 31, 2013, National Securities had net capital of approximately $4,577,000 which was approximately $4,327,000 in excess of its required net capital of $250,000.
	Due to its market maker status, vFinance Investments is required to maintain a minimum net capital of $1,000,000. In addition to the net capital requirements, vFinance Investments is required to maintain a ratio of aggregate indebtedness to net capital, as defined, of not more than 15 to 1 (and the rule of the “applicable” exchange also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1). At December 31, 2013, vFinance Investments had net capital of approximately $1,993,000, which was approximately $993,000 in excess of its required net capital of $1,000,000, and its percentage of aggregate indebtedness to net capital was 47.4%. The Broker-Dealer Subsidiaries qualify under the exemptive provisions of Rule 15c3-3 which relates to the custody of securities for the account of customers pursuant to Section (k)(2)(ii) of the Rule as none of them carry security accounts of customers or perform custodial functions related to customer securities.
	Prime Capital Services is required maintain minimum regulatory net capital of $100,000 and a ratio of aggregate indebtedness to net capital, both as defined, shall not exceed the greater of 15 to 1 (and the rule of the “applicable” exchange also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1). At December 31, 2013, Prime Capital Services had net capital of approximately $493,000, which was approximately $393,000 in excess of its required net capital of $100,000 and its percentage of aggregate indebtedness to net capital was 169.2%.
	Advances, dividend payments and other equity withdrawals from its Broker-Dealer Subsidiaries are restricted by the regulations of the SEC, and other regulatory agencies. These regulatory restrictions may limit the amounts that a subsidiary may dividend or advance to the Company.
	In October 2013, National Securities distributed equity capital to its Parent in the amount of $1,000,000. The SEC, FINRA and NFA were notified of this distribution in accordance with applicable rules and regulations.
	In October 2013, vFinance Investments distributed equity capital to its Parent in the amount of $500,000. The SEC, FINRA and NFA were notified of this distribution in accordance with applicable rules and regulations.

Note_16_Employee_Benefits

Note 16 - Employee Benefits	3 Months Ended
	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	NOTE 16. EMPLOYEE BENEFITS
	In September 2011, the Company created a new defined contribution 401(k) plan (the “Plan”) merging the two plans originally formed prior to the merger of National and vFinance effective October 1, 2011, (the “Terminated Plans”). Under the Plan, employees can elect to defer up to 75% of eligible compensation, subject to certain limitations, by making voluntary contributions to the Plan. As a result of the Plan’s larger size, the Company was able to eliminate all administrative costs to the Company, as well as offer participants a larger selection of investment choices. The Company’s contributions are made at the discretion of the Board of Directors. For the new Plans and the Terminated Plans, the Company made no contributions during the three months ended December 31, 2013 and 2012.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	3 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Use of Estimates, Policy [Policy Text Block]	'
	Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Furthermore, the Company has been named as a defendant in various customer arbitrations. These claims result from the actions of brokers affiliated with the Company. The Company may have established liabilities for potential losses from such complaints, legal actions, government investigations, and proceedings where necessary in accordance with GAAP. In establishing these liabilities, management uses judgment to determine the probability that losses will be incurred and a reasonable estimate of the amount of losses. In making these decisions, management bases its judgments on our knowledge of the situations, consultations with legal counsel and our historical experience in resolving similar matters. In many lawsuits, arbitrations and regulatory proceedings, it is not possible to determine whether a liability has been incurred or to estimate the amount of that liability until the matter is close to resolution. However, accruals are reviewed regularly and are adjusted to reflect our estimates of the impact of developments, rulings, advice of counsel and any other information pertinent to a particular matter. Because of the inherent difficulty in predicting the ultimate outcome of legal and regulatory actions, we cannot predict with certainty the eventual loss or range of loss related to such matters. If managements judgment proves to be incorrect, our liability for losses and contingencies may not accurately reflect actual losses that result from these actions, which could materially affect results in the period other expenses are ultimately determined. As of December 31, 2013 and September 30, 2013, the Company accrued approximately $312,000 and $250,000, respectively for these matters. These claims may be covered by our errors and omissions insurance policy. While we will vigorously defend ourselves in these matters, and will assert insurance coverage and indemnification to the maximum extent possible, there can be no assurance that these lawsuits and arbitrations will not have a material adverse impact on our financial position.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue Recognition
	The Company generally acts as an agent in executing customer orders to buy or sell listed and over-the-counter securities in which it may or may not make a market, and charges commissions based on the services the Company provides to its customers. In executing customer orders to buy or sell a security in which the Company makes a market, the Company may sell to, or purchase from, customers at a price that is substantially equal to the current inter-dealer market price plus or minus a mark-up or mark-down. The Company may also act as agent and execute a customer's purchase or sale order with another broker-dealer market-maker at the best inter-dealer market price available and charge a commission. Mark-ups, mark-downs and commissions are generally priced competitively based on the services it provides to its customers. In each instance the commission charges, mark-ups or mark-downs, are in compliance with guidelines established by FINRA.
	Customer security transactions and the related commission income and expense are recorded on a trade date basis. Customers who are financing their transaction on margin are charged interest. The Company’s margin requirements are in accordance with the terms and conditions mandated by its clearing firms, National Financial Services LLC (“NFS”), COR Clearing LLC, formerly known as Legent Clearing (“COR”), ICBC, formerly known as Fortis Securities, LLC (“ICBC”), Rosenthal Collins Group, LLC. (“Rosenthal”), and R.J. O’Brien (“RJO”) and Southwest Securities. The interest is billed on the average daily balance of the margin account.
	Investment banking revenues include gains, losses, and fees, net of syndicate expenses, arising from securities offerings in which the Company acts as an underwriter or agent. Investment banking revenues also include fees earned from providing financial advisory services. Investment banking management fees are recognized on the offering date, sales concessions on the trade date, and underwriting fees at the time the underwriting is completed and the income is reasonably determinable.
	Principal transactions result from mark-ups and mark-downs in securities transactions entered into for the account of the Company. Some of these transactions may involve the Company taking a position in securities that may expose the Company to losses. These revenues are recorded on a trade date basis.
	Clearing and other brokerage income are fees charged to the broker on customer’s security transactions, and are recognized as of the trade date.
	Investment advisory fees are derived from account management and investment advisory services provided to high net worth clients. These fees are determined based on a percentage of the customers assets under management, may be billed monthly or quarterly and recognized when earned.
	Fees associated with tax return preparation and accounting services are recognized when the services have been provided. Such fees are agreed to by the customers prior to the provision of the services and are billed when the services have been provided, which may occur daily.
	Other revenue consists of miscellaneous fees charged to both customer and our independent contractors for services rendered.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and Cash Equivalents
	The Company considers all highly liquid temporary cash investments with an original maturity of three months or less when purchased, to be cash equivalents.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	Fixed Assets
	Fixed assets are recorded at cost. Depreciation is calculated using the straight-line method based on the estimated useful lives of the related assets, which range from three to five years. Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful lives of the assets or the terms of the leases. Maintenance and repairs are charged to expense as incurred; costs of major additions and betterments that extend the useful life of the asset are capitalized. When assets are retired or otherwise disposed of, the costs and related accumulated depreciation or amortization are removed from the accounts and any gain or loss on disposal is recognized.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	The Company recognizes deferred tax assets and liabilities based on the difference between the financial statements carrying amounts and the tax basis of assets and liabilities, using the effective tax rates in the years in which the differences are expected to reverse. A valuation allowance related to deferred tax assets is also recorded when it is more likely than not that some or all of the deferred tax asset may not be realized.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value of Financial Instruments
	The Company uses FASB Accounting Standards Codification 820-Pursuant to Fair Value Measurements and Disclosures, or ASC 820, for assets and liabilities measured at fair value on a recurring basis which establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value, and expands disclosure about such fair value measurements.
	ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:
	Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
	Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting  entity’s own assumptions.
	Cash and cash equivalents include money market securities that are considered to be highly liquid and easily tradable as of December 31, 2013, and September 30, 2013, respectively. These securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within the fair value hierarchy.
	The Company had securities owned- nonmarketable including warrants it received as partial compensation from clients for investment banking services as Level 2 assets as of December 31, 2013 and September 30, 2013.
	The warrants issued by the clients to the Company as partial compensation for banking services are not readily convertible to cash pursuant to ASC 605-10-20. Accordingly, they are classified as non-marketable securities. Once the securities underlying the warrants have quoted prices available in an active market that can rapidly absorb the quantity held by the Company without significantly affecting the price, the Company attributes a value to the warrants using the respective price of the warrants and the quoted prices of the securities underlying the warrants and other key inputs.
	The Company relies on ASC 940-820 to determine the fair value of its marketable and nonmarketable securities. The Company evaluates the fair value of such instruments based on the following factors:
	Financial standing, economic conditions, and refinancing risk of the issuer, cost at the date of purchase, liquidity of the market of the securities, if any, reported prices, pricing by other dealer in the issuer or similar securities.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
	Impairment of Long-Lived Assets
	The Company reviews long-lived assets for impairment at least once a year or earlier if circumstances and situations change such that there is an indication that the carrying amounts may not be recovered, in accordance with professional standards. In such circumstances, the Company will estimate the future cash flows expected to result from the use of the asset and its eventual disposition. Future cash flows are the future cash inflows expected to be generated by an asset less the future outflows expected to be necessary to obtain those inflows. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount of the asset, the Company will recognize an impairment loss to adjust to the fair value of the asset.
	The Company first assesses qualitative factors to determine whether it is necessary to perform a two-step quantitative goodwill impairment test. If, based on its qualitative assessment, the Company believes that it is more likely than not that its fair value is less that its carrying amount, it will calculate the fair value of its reporting unit from which the goodwill is derived. If the fair value of the reporting unit exceeds its carrying value, goodwill is not impaired and no further testing is required. If the fair value of the reporting unit is other than its carrying value, the Company performs the second step of the impairment process to measure the amount of the impairment loss, if any. Pursuant to the second step, the reporting unit’s fair value is allocated to all of its assets and liabilities in the same manner as if the reporting unit was being acquired in a business combination. If the implied fair value of the reporting unit is less than the its carrying value, the difference is recorded as an impairment loss.
	The Company reviews purchased intangible assets with a finite life for impairment at least once a year or earlier if circumstances and situations change such that there is an indication that the carrying amounts may not be recovered, In such circumstances, the Company will estimate the future cash flows expected to result from the use of the asset and its eventual disposition. Future cash flows are the future cash inflows expected to be generated by an asset less the future outflows expected to be necessary to obtain those inflows. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount of the asset, the Company will recognize an impairment loss to adjust to the fair value of the asset.
Derivatives, Embedded Derivatives [Policy Text Block]	'
	Common Stock Purchase Warrants
	The Company accounts for the issuance of common stock purchase warrants issued in connection with capital financing transactions in accordance with professional standards for "Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company's Own Stock". In accordance with professional standards, the Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement).
Derivatives, Methods of Accounting, Hedging Derivatives [Policy Text Block]	'
	Convertible Instruments
	The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with professional standards for “Accounting for Derivative Instruments and Hedging Activities”.
	Professional standards generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Professional standards also provide an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument”.
	The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards when “Accounting for Convertible Securities with Beneficial Conversion Features,” as those professional standards pertain to “Certain Convertible Instruments.” Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note.
	ASC 815-40 provides that, among other things, generally, if an event is not within the entity’s control could require net cash settlement, then the contract shall be classified as an asset or a liability.
	The Company evaluated the terms of the Series C and D Preferred Stock at September 30, 2012 to determine whether they should be classified as a liability, temporary equity, or permanent equity and whether their conversion options should be bifurcated and accounted for as derivatives. The terms of their Series C and D provide for the following among other things: they are convertible at the holder’s option to a fixed number of shares of common stock of the Company at the classification dates and they are not redeemable. The characteristics of the common stock that is issuable upon a holder’s exercise of the conversion option of the convertible preferred stock are deemed to be clearly and closely related to the characteristics of the Company’s common stock. Additionally, the Company’s conversion options, if free standing, would not be considered derivatives subject to the accounting guidelines prescribed in accordance with professional standards. As of December 31, 2013 the Company had no convertible debt instruments outstanding.
Earnings Per Share, Policy [Policy Text Block]	'
	Net Income (Loss) per Common Share
	Basic net income (loss) per share is computed on the basis of the weighted average number of common shares outstanding. Diluted net loss per share is computed on the basis of the weighted average number of common shares outstanding plus the potential dilution that could occur if certain securities or other contracts to issue common shares were exercised or converted.
			Three Month Period Ended
			December 31,
			2013		2012
	Numerator:
	Net income (loss)		$	687,000	$	(41,000	)
	Denominator:
	Denominator for basic earnings per share--weighted average shares			119,797,610		26,567,193
	Effect of dilutive securities:
	Assumed conversion of dilutive options			228,261		-
	Assumed conversion of unvested restricted stock units			1,243,632		-
	Denominator for diluted earnings per share--adjusted weighted-average shares and assumed conversions			121,269,503		26,567,193
	Income (Loss) per share:
	Net income (loss) available to common stockholders
	Basic		$	0.01	$	(0.00	)
	Diluted		$	0.01	$	(0.00	)
	The weighted-average anti-dilutive common share equivalents are as follows:
			December 31,
			2013		2012
	Series C Preferred Stock			-		3,416,692
	Series D Preferred Stock			-		6,000,000
	Convertible notes payable			-		11,125,000
	Options			12,021,739		1,130,000
	Warrants			896,755		14,467,941
				12,918,494		36,139,633
	The anti-dilutive common shares outstanding at December 31, 2013 and 2012 are as follows:
			December 31,
			2013		2012
	Series A Preferred Stock			-		-
	Series C Preferred Stock			-		3,416,692
	Series D Preferred Stock			-		6,000,000
	Convertible notes payable			-		11,125,000
	Options			12,021,739		1,130,000
	Warrants			896,755		14,467,941
				12,918,494		36,139,633
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Stock-Based Compensation
	ASC Topic 718 accounting for “Share Based Payment” addresses all forms of share based payment (“SBP”) awards including shares issued under employee stock purchase plans, stock options, restricted stock and stock appreciation rights. Under Topic 718, SBP awards result in a charge to operations measured at fair value on the awards grant date, based on the estimated number of awards expected to vest over the service period.
	The Company has historically used the Black-Scholes option valuation model to estimate the fair value of any options granted. The model includes subjective input assumptions that can materially affect the fair value estimates. The model was developed for use in estimating the fair value of traded options that have no vesting restrictions and that are fully transferable. For example, the expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the options granted. Options issued under the Company's option plans have characteristics that differ from traded options.
Market Risk [Policy Text Block]	'
	Market Risk
	The investments of the Company are subject to normal market fluctuations and other risks inherent in investing in securities and there can be no assurance that any appreciation in value will occur. The value of investments can fall as well as rise and investors may not realize the amount that they invest.
Entering Into Short Positions [Policy Text Block]	'
	Entering into Short Positions
	A short sale involves the sale of a security that is not owned in the expectation of purchasing the same security (or a security exchangeable) at a later date at a lower price. A short sale involves the risk of a theoretically unlimited increase in the market price of the security that would result in a theoretically unlimited loss, although this potential loss is mitigated in the case of debt securities by the nature of such securities.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	'
	Concentrations of Credit Risk
	The Company is engaged in trading and providing a broad range of securities brokerage and investment services to a diverse group of retail and institutional clientele, as well as corporate finance and investment banking services to corporations and businesses. Counterparties to the Company’s business activities include broker-dealers and clearing organizations, banks and other financial institutions. The Company primarily uses clearing brokers to process transactions and maintain customer accounts on a fee basis for the Company. The Company uses three clearing brokers for substantially all of its business. The Company permits the clearing firms to extend credit to its clientele secured by cash and securities in the client’s account. The Company’s exposure to credit risk associated with the non-performance by its customers and counterparties in fulfilling their contractual obligations can be directly impacted by volatile or illiquid trading markets, which may impair the ability of customers and counterparties to satisfy their obligations to the Company. The Company has agreed to indemnify the clearing brokers for losses they incur while extending credit to the Company’s clients. It is the Company’s policy to review, as necessary, the credit standing of its customers and counterparties. Amounts due from customers that are considered uncollectible by the clearing broker are charged back to the Company by the clearing broker when such amounts become determinable. Upon notification of a charge back, such amounts, in total or in part, are then either (i) collected from the customers, (ii) charged to the broker initiating the transaction and included in other receivables in the accompanying consolidated statements of financial condition, and/or (iii) charged as an expense in the accompanying consolidated statements of operations, based on the particular facts and circumstances.
	The Company maintains cash with major financial institutions. All accounts are insured up to $250,000 in aggregate, by company and by financial institution. To reduce its risk associated with the failure of such financial institutions, the Company periodically evaluates the credit quality of the counterparties in which it holds deposits. As a result of this evaluation, the Company believes it is not exposed to any significant credit risks for cash.
Receivables, Policy [Policy Text Block]	'
	Other Receivables
	The Company extends unsecured credit in the normal course of business to certain business clients and unconsolidated affiliates. The determination of the amount of uncollectible accounts is based on the amount of credit extended and the length of time each receivable has been outstanding, as it relates to each individual relationship. The Company periodically receives payment from various clients for fees earned from investment banking deals, tax preparation fees and other transactions. These amounts are usually collected within sixty to ninety days and as of December 31, 2013 the Company had an allowance for doubtful accounts of $261,000, primarily attributable to the tax preparation fees. Additionally, other amounts due from unrelated parties are assessed and usually collected within thirty to sixty days.
Regulatory Depreciation and Amortization, Policy [Policy Text Block]	'
	Advances to Registered Representatives
	Advances are given to certain registered representatives as an incentive for their affiliation with the Broker-Dealer Subsidiaries. The representative signs an independent contractor agreement with the Broker-Dealer Subsidiaries for a specified term, typically a three-year period. The advance is then amortized on a straight-line basis or based on a percentage of production over the life of the broker’s agreement with the Broker-Dealer Subsidiaries, and is included in commission expense in the accompanying consolidated statements of operations. In the event a representative’s affiliation terminates prior to the fulfillment of their contract, the representative is required to repay the unamortized balance. At December 31, and September 30, 2013 there was approximately $0 and $13,000, respectively, of allowance for uncollectable amounts associated with these receivables.
Marketable Securities, Policy [Policy Text Block]	'
	Securities Owned
	Marketable securities which consist of publicly traded unrestricted common stock and bonds are valued at the closing price on the valuation date. Non-marketable securities which consist partly of restricted common stock and of non-tradable warrants exercisable into freely trading common stock of public companies are carried at market value or as required, at fair value as determined in good faith by management.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	'
	Other Assets
	Other assets consist primarily of prepaid expenses and lease deposits.
Malpractice Loss Contingency, Policy [Policy Text Block]	'
	Legal and Other Contingencies
	The outcomes of legal proceedings and claims brought against the Company are subject to significant uncertainty. ASC 450-10, Accounting for Contingencies, requires that an estimated loss from a loss contingency such as a legal proceeding or claim should be accrued by a charge to income if it is probable that an asset has been impaired or a liability has been incurred and the amount of the loss can be reasonably estimated. Disclosure of a contingency is required if there is at least a reasonable possibility that a loss has been incurred. In determining whether a loss should be accrued we evaluate, among other factors, the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of loss. Changes in these factors could materially impact our results of operations, financial position, or our cash flows.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	Certain items in the fiscal 2013 financial statements have been reclassified to conform to the presentation in the fiscal 2014 financial statements. Such reclassifications did not have a material impact on the presentation of the overall financial statements.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recently Adopted Accounting Guidance
	In July 2012, the FASB issued ASU No. 2012-02, Testing indefinite-lived intangible assets for impairment. The update aims to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories. This guidance was effective for the Company beginning on October 1, 2012. The adoption of this accounting guidance did not have a material impact on the Company’s financial statements.
	In December 2011, the FASB issued ASU No. 2011-11, Disclosures about offsetting assets and liabilities, an accounting update that creates new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the statement of financial condition or subject to an enforceable master netting arrangement or similar arrangement. The disclosure requirements are effective for the Company beginning on or after January 1, 2013. Since these amended principles require only additional disclosures concerning offsetting and related arrangements, adoption will not affect the Company’s consolidated statements of income or financial condition.
	In September 2011, the FASB issued Accounting Standard Update (“ASU”) No. 2011-08, Testing Goodwill for Impairment. The new guidance provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity determines that this is the case, it is required to perform the currently prescribed two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized for that reporting unit (if any). If an entity determines that the fair value of a reporting unit is greater than its carrying amount, the two-step goodwill impairment test is not required. The new guidance was effective for the Company beginning October 1, 2012 and did not have material impact on the Company’s financial statements upon adoption.
	Recent Accounting Guidance Not Yet Adopted
	In July 2013, the FASB Issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The Update provides guidance for the presentation of an unrecognized tax benefit when, among other things, a net operating loss carryforward exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date.
	The new guidance will be effective for the Company beginning January 1, 2014. Earlier adoption is permitted. The Company believes that the new guidance will not have any material impact on the Company’s financial statements upon adoption.
	In February 2013, the FASB issued Accounting Standard Update (“ASU”) No. 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date. The Update provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. generally accepted accounting principles (GAAP). The guidance in this Update requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the following:
	a. The amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors
	b. Any additional amount the reporting entity expects to pay on behalf of its co-obligors.
	The guidance in this Update also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. The new guidance became effective for the Company beginning January 1, 2014. The Company believes that the new guidance will not have any material impact on the Company’s financial statements.

Note_3_Summary_of_Significant_1

Note 3 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three Month Period Ended
		December 31,
		2013		2012
	Numerator:
	Net income (loss)	$	687,000	$	(41,000	)
	Denominator:
	Denominator for basic earnings per share--weighted average shares		119,797,610		26,567,193
	Effect of dilutive securities:
	Assumed conversion of dilutive options		228,261		-
	Assumed conversion of unvested restricted stock units		1,243,632		-
	Denominator for diluted earnings per share--adjusted weighted-average shares and assumed conversions		121,269,503		26,567,193
	Income (Loss) per share:
	Net income (loss) available to common stockholders
	Basic	$	0.01	$	(0.00	)
	Diluted	$	0.01	$	(0.00	)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'
		December 31,
		2013		2012
	Series C Preferred Stock		-		3,416,692
	Series D Preferred Stock		-		6,000,000
	Convertible notes payable		-		11,125,000
	Options		12,021,739		1,130,000
	Warrants		896,755		14,467,941
			12,918,494		36,139,633
		December 31,
		2013		2012
	Series A Preferred Stock		-		-
	Series C Preferred Stock		-		3,416,692
	Series D Preferred Stock		-		6,000,000
	Convertible notes payable		-		11,125,000
	Options		12,021,739		1,130,000
	Warrants		896,755		14,467,941
			12,918,494		36,139,633

Note_4_Business_Combination_Ta

Note 4 - Business Combination (Tables)	3 Months Ended
	Dec. 31, 2013
Note 4 - Business Combination (Tables) [Line Items]	'
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'
	Issuance of 22,666,685 shares of common stock to Gilman Stockholders	$	8,840,000
	Cash to satisfy obligations pursuant to certain liabilities of Gilman		5,400,000
	Total Consideration	$	14,240,000
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'
	Current assets	$	4,833,000
	Fixed assets		482,000
	Other assets		272,000
	Current liabilities		(6,000,000	)
	Long-term liabilities		(5,628,000	)
	Net tangible liabilities assumed		(6,041,000	)
	Liabilities satisfied at closing		5,400,000
	Intangible assets		10,417,000
	Goodwill		4,464,000
	Total consideration	$	14,240,000
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	'
	Intangible asset	Preliminary			Accumulated			Carrying		Estimated
		Fair Value			Amortization			Value		Useful Life (years)
	Customer Relationships	$	8,333,600		$	(347,000	)	$	7,986,600		5
	Brand		2,083,400			(88,000	)		1,995,400		5
		$	10,417,000		$	(435,000	)	$	9,982,000
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	Year ended
	September 30,
	2014	$	1,650,000
	2015		2,083,000
	2016		2,083,000
	2017		2,083,000
	2018		2,083,000
	Thereafter		0
Business Acquisition, Pro Forma Information [Table Text Block]	'
		(Unaudited)
		Three Month Period Ended December 31,
		2013			2012
	Revenues	$	43,861,000		$	34,601,000
	Net Income (Loss)	$	199,000		$	(1,541,000	)
	Basic earnings (loss) per share	$	0		$	(0.02	)
	Diluted earnings (loss) per share	$	0		$	(0.02	)
Since Acquisition Date [Member]	'
Note 4 - Business Combination (Tables) [Line Items]	'
Business Acquisition, Pro Forma Information [Table Text Block]	'
	Revenues	$	6,880,000
	Net loss	$	(547,000	)

Note_8_Advances_To_Registered_1

Note 8 - Advances To Registered Representatives (Tables)	3 Months Ended
	Dec. 31, 2013
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]	'
Investments in and Advances to Affiliates [Table Text Block]	'Advances to Registered Representatives
		Advances to
		Registered
		Representative
	Balance, September 30, 2013	$	811,000
	Advances		803,000
	Amortization or repayment of advances		(261,000	)
	Balance, December 31, 2013	$	1,353,000

Note_9_Securities_Owned_And_Se1

Note 9 - Securities Owned And Securities Sold, But Not Yet Purchased At Fair Value (Tables)	3 Months Ended
	Dec. 31, 2013
Investment Holdings [Abstract]	'
Schedule of Securities Owned and Sold, Not yet Purchased, at Fair Value [Table Text Block]	'
	Securities owned at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	243,000		-		-	$	243,000
	Mutual funds		50,000						50,000
	Fixed income securities		134,000		-		-		134,000
	Restricted stock and warrants		-		30,000		-		30,000
		$	427,000	$	30,000	$	-	$	457,000
	Securities sold, but not yet purchased at fair value	Level 1		Level 2		Level 3		Total
	Fixed income securities	$	16,000		-		-	$	16,000
		$	16,000	$	-	$	-	$	16,000
	Securities owned at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	428,000		-		-	$	428,000
	Restricted stock and warrants		-		39,000		-		39,000
		$	428,000	$	39,000	$	-	$	467,000
	Securities sold, but not yet purchased at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	15,000		-		-	$	15,000
		$	15,000	$	-	$	-	$	15,000

Note_10_Fixed_Assets_Tables

Note 10 - Fixed Assets (Tables)	3 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
		December 31,			September 30,			Estimated Useful
		2013			2013			Lives (years)
	Equipment	$	2,719,000		$	2,668,000			5
	Furniture and fixtures		572,000			532,000			5
	Leasehold improvements		1,419,000			1,074,000		Lesser of useful life or term of lease
	Capital Leases (Primarily composed  of Computer Equipment)		2,580,000			2,510,000			5
			7,290,000			6,784,000
	Less accumulated depreciation and amortization		(6,437,000	)		(6,337,000	)
	Fixed assets - net	$	853,000		$	447,000

Note_12_Accounts_Payable_Accru1

Note 12 - Accounts Payable, Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Dec. 31, 2013
Payables and Accruals [Abstract]	'
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	'
		December 31,		September 30,
		2013		2013
	Commissions payable	$	9,931,000	$	9,141,000
	Deferred clearing fee credits		114,000		138,000
	Telecommunications vendors payable		242,000		166,000
	Legal payable		401,000		584,000
	Deferred rent payable		267,000		220,000
	Accrued compensation		851,000		195,000
	Settlements		593,000		-
	Capital lease liability		86,000		108,000
	Other vendors		4,184,000		3,134,000
	Total	$	16,669,000	$	13,686,000

Note_1_Basis_of_Presentation_D

Note 1 - Basis of Presentation (Details) (Gilman [Member])	0 Months Ended	3 Months Ended
	Oct. 15, 2013	Dec. 31, 2013
Gilman [Member]	'	'
Note 1 - Basis of Presentation (Details) [Line Items]	'	'
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	22,666,685	22,666,685

Note_2_Consolidation_Details

Note 2 - Consolidation (Details)	Dec. 31, 2013
Disclosure Text Block [Abstract]	'
High Net Worth Clients	100,000
Number of Securities	6,000

Note_3_Summary_of_Significant_2

Note 3 - Summary of Significant Accounting Policies (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2013
			Advances to Registered Representatives [Member]	Advances to Registered Representatives [Member]	Minimum [Member]	Maximum [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]	'	'	'	'	'	'
Loss Contingency, Estimate of Possible Loss	$312,000	$250,000	'	'	'	'
Property, Plant and Equipment, Estimated Useful Lives	'	'	'	'	'three	'five
Number of Criteria	3	'	'	'	'	'
Number of Clearing Brokers	3	'	'	'	'	'
Cash, FDIC Insured Amount	250,000	'	'	'	'	'
Allowance for Doubtful Accounts Receivable	$261,000	'	$0	$13,000	'	'

Note_3_Summary_of_Significant_3

Note 3 - Summary of Significant Accounting Policies (Details) - Basic Net Loss Per Share (USD $)	3 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013
Numerator:	'	'	'
Net income (loss) (in Dollars)	$687,000	($41,000)	$1,565,000
Denominator:	'	'	'
Denominator for basic earnings per share--weighted average shares	119,797,610	26,567,193	'
Denominator for diluted earnings per share--adjusted weighted-average shares and assumed conversions	121,269,503	26,567,193	'
Net income (loss) available to common stockholders	'	'	'
Basic (in Dollars per share)	$0.01	$0	'
Diluted (in Dollars per share)	$0.01	$0	'
Dilutive Options [Member]	'	'	'
Denominator:	'	'	'
Assumed Conversion Attributable to Share-Based Payment Arrangements	228,261	'	'
Restricted Stock Units (RSUs) [Member]	'	'	'
Denominator:	'	'	'
Assumed Conversion Attributable to Share-Based Payment Arrangements	1,243,632	'	'

Note_3_Summary_of_Significant_4

Note 3 - Summary of Significant Accounting Policies (Details) - The Weighted-Average Anti-Dilutive Common Share Equivalents (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Securities	12,918,494	36,139,633
Anti-Dilutive Common Shares Outstanding (in Dollars per share)	$12,918,494	$36,139,633
Preferred Stock Series C [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Common Shares Outstanding (in Dollars per share)	'	$3,416,692
Preferred Stock Series C [Member] | Weighted Average [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Securities	'	3,416,692
Preferred Stock Series D [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Common Shares Outstanding (in Dollars per share)	'	$6,000,000
Preferred Stock Series D [Member] | Weighted Average [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Securities	'	6,000,000
Convertible Debt Securities [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Common Shares Outstanding (in Dollars per share)	'	$11,125,000
Convertible Debt Securities [Member] | Weighted Average [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Securities	'	11,125,000
Equity Option [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Common Shares Outstanding (in Dollars per share)	$12,021,739	$1,130,000
Equity Option [Member] | Weighted Average [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Securities	12,021,739	1,130,000
Warrant [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Common Shares Outstanding (in Dollars per share)	$896,755	$14,467,941
Warrant [Member] | Weighted Average [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-Dilutive Securities	896,755	14,467,941

Note_4_Business_Combination_De

Note 4 - Business Combination (Details) (USD $)	1 Months Ended	3 Months Ended	1 Months Ended	0 Months Ended	3 Months Ended
	Aug. 31, 2013	Dec. 31, 2013	Aug. 31, 2013	Oct. 15, 2013	Dec. 31, 2013
			Private Placement [Member]	Gilman [Member]	Gilman [Member]
Note 4 - Business Combination (Details) [Line Items]	'	'	'	'	'
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	'	'	'	22,666,685	22,666,685
Payments to Acquire Businesses, Gross (in Dollars)	'	$5,400,000	'	$5,400,000	$5,400,000
Sale of Stock, Number of Shares Issued in Transaction	'	'	10,583,330	'	'
Proceeds from Issuance of Private Placement (in Dollars)	$3,016,000	'	'	'	'
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Options Issued	'	'	'	1,950,000	'

Note_4_Business_Combination_De1

Note 4 - Business Combination (Details) - Consideration Transferred (USD $)	0 Months Ended	3 Months Ended
	Oct. 15, 2013	Dec. 31, 2013
Business Acquisition [Line Items]	'	'
Cash to satisfy obligations pursuant to certain liabilities of Gilman	'	$5,400,000
Gilman [Member]	'	'
Business Acquisition [Line Items]	'	'
Issuance of 22,666,685 shares of common stock to Gilman Stockholders	'	8,840,000
Cash to satisfy obligations pursuant to certain liabilities of Gilman	5,400,000	5,400,000
Total Consideration	'	$14,240,000

Note_4_Business_Combination_De2

Note 4 - Business Combination (Details) - Consideration Transferred (Parentheticals) (Gilman [Member])	0 Months Ended	3 Months Ended
	Oct. 15, 2013	Dec. 31, 2013
Gilman [Member]	'	'
Business Acquisition [Line Items]	'	'
Issuance of common stock	22,666,685	22,666,685

Note_4_Business_Combination_De3

Note 4 - Business Combination (Details) - Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed (USD $)	Dec. 31, 2013
Note 4 - Business Combination (Details) - Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed [Line Items]	'
Goodwill	$4,464,000
Gilman [Member]	'
Note 4 - Business Combination (Details) - Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed [Line Items]	'
Current assets	4,833,000
Fixed assets	482,000
Other assets	272,000
Current liabilities	-6,000,000
Long-term liabilities	-5,628,000
Net tangible liabilities assumed	-6,041,000
Liabilities satisfied at closing	5,400,000
Intangible assets	10,417,000
Goodwill	4,464,000
Total consideration	$14,240,000

Note_4_Business_Combination_De4

Note 4 - Business Combination (Details) - Intangible Assets Subject to Amortization (Gilman [Member], USD $)	12 Months Ended
	Dec. 31, 2013
Acquired Finite-Lived Intangible Assets [Line Items]	'
Preliminary Fair Value	$10,417,000
Accumulated Amortization	-435,000
Carrying Value	9,982,000
Customer Relationships [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Preliminary Fair Value	8,333,600
Accumulated Amortization	-347,000
Carrying Value	7,986,600
Estimated Useful Life	'5 years
Brand [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Preliminary Fair Value	2,083,400
Accumulated Amortization	-88,000
Carrying Value	$1,995,400
Estimated Useful Life	'5 years

Note_4_Business_Combination_De5

Note 4 - Business Combination (Details) - Intangible Assets Estimated Future Amortization Expense (Gilman [Member], USD $)	Dec. 31, 2013
Gilman [Member]	'
Note 4 - Business Combination (Details) - Intangible Assets Estimated Future Amortization Expense [Line Items]	'
2014	$1,650,000
2015	2,083,000
2016	2,083,000
2017	2,083,000
2018	2,083,000
Thereafter	$0

Note_4_Business_Combination_De6

Note 4 - Business Combination (Details) - Pro Forma Consolidated Results of Operations (Gilman [Member], USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Gilman [Member]	'	'
Note 4 - Business Combination (Details) - Pro Forma Consolidated Results of Operations [Line Items]	'	'
Revenues (in Dollars)	$43,861,000	$34,601,000
Net Income (Loss) (in Dollars)	$199,000	($1,541,000)
Basic earnings (loss) per share	$0	($0.02)
Diluted earnings (loss) per share	$0	($0.02)

Note_4_Business_Combination_De7

Note 4 - Business Combination (Details) - Revenues and Income (Loss) of Gilman Since Acquisition Date (Gilman [Member], USD $)	3 Months Ended
	Dec. 31, 2013
Gilman [Member]	'
Note 4 - Business Combination (Details) - Revenues and Income (Loss) of Gilman Since Acquisition Date [Line Items]	'
Revenues	$6,880,000
Net loss	($547,000)

Note_6_BrokerDealers_and_Clear1

Note 6 - Broker-Dealers and Clearing Organizations Receivables and Payables (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Due to and from Broker-Dealers and Clearing Organizations [Abstract]	'	'
Receivables from Brokers-Dealers and Clearing Organizations	$2,799,000	$4,296,000
Payables to Broker-Dealers and Clearing Organizations	$13,000	$13,000

Note_7_Other_Receivables_Detai

Note 7 - Other Receivables (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Receivables [Abstract]	'	'
Premiums and Other Receivables, Net	$3,044,000	$1,049,000

Note_8_Advances_To_Registered_2

Note 8 - Advances To Registered Representatives (Details) - Advances to Registered Representatives (USD $)	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2013
			Advances to Registered Representatives [Member]
Investments in and Advances to Affiliates [Line Items]	'	'	'
Balance, September 30, 2013	$706,000	$427,000	$811,000
Advances	'	'	803,000
Amortization or repayment of advances	'	'	-261,000
Balance, December 31, 2013	$706,000	$427,000	$1,353,000

Note_9_Securities_Owned_And_Se2

Note 9 - Securities Owned And Securities Sold, But Not Yet Purchased At Fair Value (Details) - Fair Value Measurements (USD $)	Dec. 31, 2013	Sep. 30, 2013
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	$457,000	$467,000
Securities sold, but not yet purchased at fair value	16,000	15,000
Corporate Stocks [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	243,000	428,000
Corporate Stocks [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	243,000	428,000
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	50,000	'
Mutual Funds [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	50,000	'
Fixed Income Securities1 [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	134,000	'
Fixed Income Securities1 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	134,000	'
Restricted Stock [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	30,000	39,000
Restricted Stock [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	30,000	39,000
Fixed Income Securities1 [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities sold, but not yet purchased at fair value	16,000	'
Fixed Income Securities1 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities sold, but not yet purchased at fair value	16,000	'
Corporate Stocks [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities sold, but not yet purchased at fair value	'	15,000
Corporate Stocks [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities sold, but not yet purchased at fair value	'	15,000
Fair Value, Inputs, Level 1 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	427,000	428,000
Securities sold, but not yet purchased at fair value	16,000	15,000
Fair Value, Inputs, Level 2 [Member]	'	'
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]	'	'
Securities owned at fair value	$30,000	$39,000

Note_10_Fixed_Assets_Details

Note 10 - Fixed Assets (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Abstract]	'	'
Depreciation	$100,000	$138,000

Note_10_Fixed_Assets_Details_F

Note 10 - Fixed Assets (Details) - Fixed Assets (USD $)	3 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment	$7,290,000	$6,784,000
Less accumulated depreciation and amortization	-6,437,000	-6,337,000
Fixed assets - net	853,000	447,000
Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment	2,719,000	2,668,000
Estimated Useful Lives (Years)	'5 years	'
Furniture and Fixtures [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment	572,000	532,000
Estimated Useful Lives (Years)	'5 years	'
Leasehold Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment	1,419,000	1,074,000
Assets Held under Capital Leases [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment	$2,580,000	$2,510,000
Estimated Useful Lives (Years)	'5 years	'

Note_11_Other_Assets_Details

Note 11 - Other Assets (Details) (Parent Company [Member], USD $)	Dec. 31, 2013	Sep. 30, 2013
Parent Company [Member]	'	'
Note 11 - Other Assets (Details) [Line Items]	'	'
Other Assets	$671,000	$493,000

Note_12_Accounts_Payable_Accru2

Note 12 - Accounts Payable, Accrued Expenses and Other Liabilities (Details) - Accounts Payable, Accrued Expenses And Other Liabilities (USD $)	Dec. 31, 2013	Sep. 30, 2013
Accounts Payable, Accrued Expenses And Other Liabilities [Abstract]	'	'
Commissions payable	$9,931,000	$9,141,000
Deferred clearing fee credits	114,000	138,000
Telecommunications vendors payable	242,000	166,000
Legal payable	401,000	584,000
Deferred rent payable	267,000	220,000
Accrued compensation	851,000	195,000
Settlements	593,000	'
Capital lease liability	86,000	108,000
Other vendors	4,184,000	3,134,000
Total	$16,669,000	$13,686,000

Note_13_Commitments_and_Contin1

Note 13 - Commitments and Contingencies (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013
Note 13 - Commitments and Contingencies (Details) [Line Items]	'	'	'
Loss Contingency, Damages Sought, Value	$16,350,000	'	'
Loss Contingency, Estimate of Possible Loss	312,000	'	250,000
Legal Fees	260,000	290,000	'
Threatened Litigation [Member]	'	'	'
Note 13 - Commitments and Contingencies (Details) [Line Items]	'	'	'
Loss Contingency, Estimate of Possible Loss	$312,000	'	$250,000

Note_14_Related_Party_Transact1

Note 14 - Related Party Transactions (Details) (USD $)	1 Months Ended	3 Months Ended
	Feb. 27, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
	Contractor Agreement [Member]	Salary [Member]	Evaluation Services [Member]	Evaluation Services [Member]
	Chief Executive Officer [Member]	Immediate Family Member of Management or Principal Owner [Member]	Immediate Family Member of Management or Principal Owner [Member]	Immediate Family Member of Management or Principal Owner [Member]
Note 14 - Related Party Transactions (Details) [Line Items]	'	'	'	'
Related Party Transaction, Rate	50.00%	'	'	'
Related Party Transaction, Amounts of Transaction	'	$72,000	'	'
Related Party Transaction, Expenses from Transactions with Related Party	'	'	$50,000	$0

Note_15_Net_Capital_Requiremen1

Note 15 - Net Capital Requirements (Details) (USD $)	1 Months Ended
	Oct. 31, 2013	Dec. 31, 2013
National Securities [Member]	'	'
Note 15 - Net Capital Requirements (Details) [Line Items]	'	'
Minimum Net Capital Required	'	$250,000
Net Capital	'	4,577,000
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital	1,000,000	'
vFinance Investments [Member]	'	'
Note 15 - Net Capital Requirements (Details) [Line Items]	'	'
Minimum Net Capital Required	'	1,000,000
Net Capital	'	1,993,000
Alternative Excess Net Capital	'	993,000
Ratio of Indebtedness to Net Capital	'	15
Capital Required to be Well Capitalized to Risk Weighted Assets	'	47.40%
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital	500,000	'
vFinance Investments [Member] | Maximum [Member]	'	'
Note 15 - Net Capital Requirements (Details) [Line Items]	'	'
Ratio of Indebtedness to Net Capital	'	10
Prime Capital Services [Member]	'	'
Note 15 - Net Capital Requirements (Details) [Line Items]	'	'
Minimum Net Capital Required	'	100,000
Net Capital	'	493,000
Alternative Excess Net Capital	'	393,000
Ratio of Indebtedness to Net Capital	'	15
Capital Required to be Well Capitalized to Risk Weighted Assets	'	169.20%
Prime Capital Services [Member] | Maximum [Member]	'	'
Note 15 - Net Capital Requirements (Details) [Line Items]	'	'
Ratio of Indebtedness to Net Capital	'	10
SEC Requirement [Member]	'	'
Note 15 - Net Capital Requirements (Details) [Line Items]	'	'
Alternative Excess Net Capital	'	$4,327,000

Note_16_Employee_Benefits_Deta

Note 16 - Employee Benefits (Details) (Plan [Member], USD $)	1 Months Ended	3 Months Ended
	Sep. 30, 2011	Dec. 31, 2013	Dec. 31, 2012
Plan [Member]	'	'	'
Note 16 - Employee Benefits (Details) [Line Items]	'	'	'
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	75.00%	'	'
Defined Benefit Plan, Contributions by Employer	'	$0	$0