National (NHLD) 10-Q 15 May 15 2015 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Mar. 31, 2015	12-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	NATIONAL HOLDINGS CORP
Document Type	10-Q
Current Fiscal Year End Date	-21
Entity Common Stock, Shares Outstanding		12,446,365
Amendment Flag	FALSE
Entity Central Index Key	1023844
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-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) (USD $)	Mar. 31, 2015	Sep. 30, 2014
ASSETS
Cash	$23,924,000	$24,465,000
Restricted cash	217,000	92,000
Cash deposits with clearing organizations	1,005,000	1,005,000
Securities owned, at fair value	914,000	1,061,000
Receivables from broker-dealers and clearing organizations	3,632,000	4,985,000
Forgivable loans receivable	936,000	662,000
Other receivables, net	4,277,000	3,998,000
Prepaid expenses	1,913,000	932,000
Fixed assets, net	804,000	752,000
Intangible assets, net	7,755,000	7,595,000
Goodwill	6,531,000	6,531,000
Deferred tax asset, net	11,551,000	11,925,000
Other assets, principally refundable deposits	532,000	790,000
Total Assets	63,991,000	64,793,000
Liabilities
Securities sold, but not yet purchased, at fair value	34,000	55,000
Accrued commissions and payroll payable	12,530,000	13,520,000
Accounts payable and other liabilities	5,118,000	5,715,000
Deferred clearing credit	893,000	971,000
Total Liabilities	18,575,000	20,261,000
Stockholders’ Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized; none outstanding	0	0
Common stock $0.02 par value, 150,000,000 shares authorized; 12,446,365 issued and outstanding at March 31, 2015 and at September 30, 2014	249,000	249,000
Additional paid-in-capital	80,090,000	79,837,000
Accumulated deficit	-34,938,000	-35,569,000
Total National Holdings Corporation Stockholders’ Equity	45,401,000	44,517,000
Non-Controlling interest	15,000	15,000
Total Stockholders’ Equity	45,416,000	44,532,000	[1]
Total Liabilities and Stockholders’ Equity	$63,991,000	$64,793,000
[1]	Reflects split adjusted shares and amounts for par value of common stock and additional paid in capital including the issuance of 887 shares for roundupof fractional shares.

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Sep. 30, 2014
Preferred stock, par value (in Dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, outstanding	0	0
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	12,446,365	12,446,365
Common stock, shares outstanding	12,446,365	12,446,365

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Revenues
Commissions	$25,746,000	$30,306,000	$50,162,000	$57,913,000
Principal transactions	2,705,000	5,983,000	6,143,000	9,142,000
Investment banking	4,391,000	5,619,000	9,513,000	8,952,000
Investment advisory	3,527,000	3,696,000	7,352,000	6,936,000
Interest and dividends	847,000	885,000	1,678,000	1,817,000
Transfer fees and clearing services	1,853,000	2,452,000	4,567,000	4,767,000
Tax preparation and accounting	3,748,000	3,737,000	4,507,000	4,275,000
Other	100,000	55,000	193,000	112,000
Total Revenues	42,917,000	52,733,000	84,115,000	93,914,000
Operating Expenses
Commissions, compensation and fees	36,099,000	41,929,000	71,387,000	76,528,000
Clearing fees	886,000	1,103,000	1,528,000	2,140,000
Communications	1,194,000	1,191,000	2,442,000	2,331,000
Occupancy	1,004,000	1,073,000	2,025,000	2,027,000
License and registration	467,000	307,000	867,000	753,000
Professional fees	1,095,000	1,228,000	1,820,000	2,098,000
Interest	2,000	8,000	6,000	24,000
Depreciation and amortization	294,000	298,000	568,000	562,000
Other administrative expenses	1,343,000	1,902,000	2,424,000	2,691,000
Total Operating Expenses	42,384,000	49,039,000	83,067,000	89,154,000
Income before Income Tax Expense	533,000	3,694,000	1,048,000	4,760,000
Income tax expense	196,000	134,000	417,000	241,000
Net Income	$337,000	$3,560,000	$631,000	$4,519,000
Net income per share of common stock - Basic (in Dollars per share)	$0.03	$0.29	$0.05	$0.37
Net income per share of common stock - Diluted (in Dollars per share)	$0.03	$0.28	$0.05	$0.37
Weighted number of shares outstanding - Basic (in Shares)	12,446,365	12,324,689	12,446,365	12,150,330
Weighted number of shares outstanding - Diluted (in Shares)	12,502,758	12,502,307	12,497,628	12,301,330

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $)		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance at Sep. 30, 2014	[1]	$249,000	$79,837,000	($35,569,000)	$15,000	$44,532,000
Balance (in Shares) at Sep. 30, 2014	[1]	12,446,365
Stock-based compensation – stock options			144,000			144,000
Stock- based compensation for restricted stock units			109,000			109,000
Net income				631,000		631,000
Balance at Mar. 31, 2015		$249,000	$80,090,000	($34,938,000)	$15,000	$45,416,000
Balance (in Shares) at Mar. 31, 2015		12,446,365
[1]	Reflects split adjusted shares and amounts for par value of common stock and additional paid in capital including the issuance of 887 shares for roundupof fractional shares.

Condensed_Consolidated_Stateme4

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals) (Common Stock [Member])	6 Months Ended
	Mar. 31, 2015
Common Stock [Member]
Shares issued for roundup of fractional shares	877

Condensed_Consolidated_Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$631,000	$4,519,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities
Depreciation and amortization	568,000	563,000
Amortization of forgivable loans to registered representatives	149,000	105,000
Stock-based compensation	253,000	425,000
Provision for doubtful accounts	173,000	197,000
Amortization of deferred clearing credit	-78,000	-50,000
Deferred tax expense	374,000
Changes in assets and liabilities, net of effects of acquisition
Cash deposits with clearing organizations		242,000
Receivables from broker-dealers and clearing organizations	1,353,000	1,786,000
Other receivables, net	-452,000	-1,497,000
Restricted cash	-125,000
Forgivable loans receivable	-423,000	63,000
Securities owned, at fair value	147,000	-223,000
Other assets, principally refundable deposits	258,000	-175,000
Prepaid expenses	-981,000	-324,000
Accounts payable, accrued expenses and other liabilities	-2,156,000	-461,000
Securities sold, but not yet purchased, at fair value	-21,000	67,000
Net cash (used in) provided by operating activities	-330,000	5,237,000
CASH FLOWS FROM INVESTING ACTIVITIES
Cash acquired in acquisition		1,654,000
Purchase of fixed assets	-211,000	-72,000
Net cash (used in) provided by investing activities	-211,000	1,582,000
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of certain liabilities of acquired entity		-5,400,000
Net cash used in financing activities		-5,400,000
NET (DECREASE) INCREASE IN CASH	-541,000	1,419,000
CASH BALANCE
Beginning of the period	24,465,000	19,985,000
End of the period	23,924,000	21,404,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	2,000	24,000
Income taxes	1,123,000	33,000
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES
Tangible assets acquired, excluding cash		3,933,000
Identifiable intangible assets acquired	569,000	8,350,000
Goodwill		6,531,000
Liabilities assumed		11,628,000
Common stock issued		8,840,000
Contingent consideration payable	$569,000

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Business Description and Basis of Presentation [Text Block]	NOTE 1. BASIS OF PRESENTATION
	The accompanying condensed consolidated financial statements of National Holdings Corporation, a Delaware corporation (“National” or the “Company”), have been prepared in accordance with generally accepted accounting principles in the United States (“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 condensed consolidated financial statements as of March 31, 2015 and for the three and six months ended March 31, 2015 and 2014 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 consolidated statement of financial condition at September 30, 2014 has been derived from the audited financial statements at that date, but does not include all of the information and notes required by GAAP for complete financial statement presentation. 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, 2014 for additional disclosures and accounting policies.
	In February 2015, the board of directors declared a 1 for 10 reverse stock split of the Company’s common stock. All share and per share information has been restated for all prior periods presented giving retroactive effect to the reverse stock split.
	Certain items in the consolidated statement of operations for the fiscal 2014 periods have been reclassified to conform to the presentation in the fiscal 2015 periods. In addition, the condensed consolidated statements of operations and cash flows for the three and six months ended March 31, 2014 have been retrospectively adjusted to reflect measurement period adjustments of preliminary allocations of the purchase price related to the Gilman Ciocia, Inc. (“Gilman”) acquisition (see Note 7) which was finalized in the fourth quarter of fiscal year 2014. The effect of the measurement period adjustments was to reduce identifiable assets acquired by approximately $2,066,000 with a corresponding increase in goodwill, which resulted in a reduction of amortization of intangibles of $324,000 and $593,000 for the three and six month ended March 31, 2014, respectively. The reclassifications and adjustments for the three and six months ended March 2014 are as follows:
		For the Three Months Ended				For the Six Months Ended
		31-Mar-14				31-Mar-14
		As previously				As previously
		Reported		As Revised		Reported		As Revised
	Total revenues	$	52,684,000	$	52,733,000	$	94,478,000	$	93,914,000
	Total operating expenses		49,314,000		49,039,000		90,311,000		89,154,000
	Income before income taxes		3,370,000		3,694,000		4,167,000		4,760,000
	Income taxes		134,000		134,000		241,000		241,000
	Net income	$	3,236,000	$	3,560,000	$	3,926,000	$	4,519,000
	Net income per share attributable to common stockholders
	Basic	$	0.26	$	0.29	$	0.32	$	0.37
	Diluted	$	0.26	$	0.28	$	0.32	$	0.37

Note_2_Organization_and_Descri

Note 2 - Organization and Description of Business	6 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 2. ORGANIZATION AND DESCRIPTION OF BUSINESS
	National was organized in 1996 and operates through its wholly owned subsidiaries which principally provide diverse financial services. Through its broker-dealer and investment advisory subsidiaries, the Company (1) offers full service retail brokerage to high net worth individual 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 micro and small-cap, NASDAQ and other exchange listed stocks and (4) provides liquidity in the United States Treasury marketplace. Broker-dealer subsidiaries consist of National Securities Corporation (“National Securities” or “NSC”) and vFinance Investments, Inc. (“vFinance Investments”) (collectively, the “Broker-Dealer Subsidiaries”). As a result of the merger with Gilman in October 2013 (See Note 7), the Company added Prime Capital Services, Inc. (“Prime”) to its portfolio of Broker Dealer Subsidiaries, however, in November 2013, National Securities and Prime received approval from the Financial Industry Regulatory Authority (“FINRA”) allowing for a mass transfer of Prime’s brokers and customer accounts to National Securities. This transfer which was completed on November 22, 2013, 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, which was subsequently approved in March 2014 by the FINRA and the SEC. The Broker-Dealer Subsidiaries conduct a national securities brokerage business through their main offices in New York City, Boca Raton, Florida, and Seattle, Washington. The Broker-Dealer subsidiaries are introducing brokers and clear all transactions through clearing organizations, on a fully disclosed basis. The Broker-Dealer Subsidiaries are registered with the Securities and Exchange Commission ("SEC") and the Commodities and Futures Trading Commission (“CFTC”), and are members of FINRA, Securities Investor Protection Corporation and the National Futures Association.
	The Company’s wholly-owned subsidiaries, National Asset Management, Inc., a Washington corporation ("NAM"), and Asset and Financial Planning LTD, a New York corporation ("AFP"), which was acquired in the Gilman merger, are federally-registered investment advisers providing asset management advisory services to high net worth clients for a fee based upon a percentage of assets managed. All registered investment advisors and customer accounts of AFP were moved into NAM in May 2014 and AFP has ceased all operations.
	The Company’s wholly-owned subsidiaries, National Insurance Corporation, a Washington corporation ("National Insurance"), and Prime Financial Services (“Prime Financial”), a Delaware corporation, which was acquired in the Gilman merger, provide fixed insurance products to their clients, including life insurance, disability insurance, long term care insurance and fixed annuities.
	The Company’s wholly-owned subsidiary Gilman, a Delaware corporation which was acquired in October 2013, provides tax preparation services to individuals and accounting services to small and midsize companies.
	The Company’s wholly-owned subsidiary, GC Capital Corporation, a Washington corporation, ("GC"), which was acquired in the Gilman merger, provides licensed mortgage brokerage services in the State of Florida.

Note_3_Receivables_from_Broker

Note 3 - Receivables from Broker-Dealers and Clearing Organizations and Other Receivables	6 Months Ended
	Mar. 31, 2015
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Due to and from Broker-Dealers and Clearing Organizations Disclosure [Text Block]	NOTE 3. RECEIVABLES FROM BROKER-DEALERS AND CLEARING ORGANIZATIONS AND OTHER RECEIVABLES
	At March 31, 2015 and September 30, 2014, the receivables of $3,632,000 and $4,985,000, respectively, from broker-dealers and clearing organizations represent net amounts due for fees and commissions associated with the Company’s retail brokerage business as well as asset based fees revenues associated with the Company’s asset management advisory business.
	Other receivables, net, at March 31, 2015 and September 30, 2014 of $4,277,000 and $3,998,000, respectively, principally represent trailing fees and fees for tax and accounting services and are net of allowance for doubtful accounts of $509,000 and $336,000, respectively.

Note_4_Forgivable_Loans_Receiv

Note 4 - Forgivable Loans Receivable	6 Months Ended
	Mar. 31, 2015
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]	NOTE 4. FORGIVABLE LOANS RECEIVABLE
	From time to time, the Company's operating subsidiaries may make loans, evidenced by promissory notes, primarily to newly recruited independent financial advisors as an incentive for their affiliation. The notes receivable balance is comprised of unsecured non-interest-bearing and interest-bearing loans (interest ranging up to 9%). These notes have various schedules for repayment or forgiveness based on production or retention requirements being met and mature at various dates through 2020. Forgiveness of loans amounted to $149,000 and $105,000 for six months ended March 31, 2015 and 2014, respectively, and the related compensation was included in commissions, compensation and fees in the condensed consolidated statements of operations. In the event the advisor’s affiliation with the subsidiary terminates, the advisor is required to repay the unamortized balance of any notes payable. The Company provides an allowance for doubtful accounts on the notes based on historical collection experience and continually evaluates the receivables for collectability and possible write-offs where a loss is deemed probable. As of March 31, 2015, and September 30, 2014, no allowance for doubtful accounts was required.
	Forgivable loan activity for the six months ended March 31, 2015 is as follows:
	Balance, October 1, 2014	$	662,000
	Additions		483,000
	Amortization		(149,000	)
	Repayments		(60,000	)
	Balance, March 31, 2015	$	936,000
	There were no unamortized loans outstanding attributable to registered representatives who ended their affiliation with the Broker-Dealer Subsidiaries prior to the fulfillment of their obligation.

Note_5_Securities_Owned_and_Se

Note 5 - Securities Owned and Securities Sold, But Not Yet Purchased at Fair Value	6 Months Ended
	Mar. 31, 2015
Investment Holdings [Abstract]
Investment Holdings [Text Block]	NOTE 5. SECURITIES OWNED AND SECURITIES SOLD, BUT NOT YET PURCHASED AT FAIR VALUE
	Accounting guidance 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, it 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
	The following tables show the fair values of securities owned by the Broker-Dealer Subsidiaries, and securities sold, not yet purchased by such entities, as of March 31, 2015 and September 30, 2014:
	Fair Value Measurements
	As of March 31, 2015
	Securities owned at fair value		Level 1		Level 2		Level 3		Total
	Corporate stocks		$	237,000		-		-	$	237,000
	Municipal bonds			503,000		-		-		503,000
	Restricted stock and warrants			-		174,000		-		174,000
			$	740,000	$	174,000	$	-	$	914,000
	Securities sold, not yet purchased at fair value		Level 1		Level 2		Level 3		Total
	Municipal bonds		$	34,000	$	-	$	-	$	34,000
	As of September 30, 2014
	Securities owned at fair value		Level 1		Level 2		Level 3		Total
	Corporate stocks		$	256,000		-		-	$	256,000
	Municipal bonds			696,000		-		-		696,000
	Restricted stock and warrants			-		109,000		-		109,000
			$	952,000	$	109,000	$	-	$	1,061,000
	Securities sold, but not yet purchased at fair value		Level 1		Level 2		Level 3		Total
	Corporate stocks		$	55,000		-		-	$	55,000

Note_6_Fixed_Assets

Note 6 - Fixed Assets	6 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 6. FIXED ASSETS
	Fixed assets as of March 31, 2015 and September 30, 2014 consist of the following:
		March 31,			September 30,			Estimated Useful
		2015			2014			Lives
	Equipment	$	526,000		$	339,000			5
	Furniture and fixtures		151,000			139,000			5
	Leasehold improvements		578,000			566,000		Lesser of useful life or term of lease
	Capital leases (primarily composed of computer equipment)		453,000			453,000			5
			1,708,000			1,497,000
	Less accumulated depreciation and amortization		(904,000	)		(745,000	)
	Fixed assets – net	$	804,000		$	752,000
	Depreciation and amortization expense associated with fixed assets for the six months ended March 31, 2015 and 2014 was $159,000 and $100,000, respectively.

Note_7_Business_Combination

Note 7 - Business Combination	6 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	NOTE 7 - BUSINESS COMBINATIONS
	In February 2015, Gilman acquired certain assets of a tax preparation and accounting business that was deemed to be a business acquisition. The consideration for the transaction consisted of contingent consideration payable in cash having a fair value of $569,000, for which a liability (included in Accounts payable and other liabilities) was recognized based on the estimated acquisition date fair value of the potential earn-out. The earn-out is based on revenue, as defined in the agreement, during the 48-month period following the closing up to a maximum of $640,000. The liability was valued using an income-based approach using unobservable inputs (Level 3) and reflects the Company’s own assumptions. The liability will be revalued at each Balance Sheet date with changes therein recorded in earnings. There was no change in the estimated fair value of the liability at March 31, 2015. The fair value of the acquired assets was allocated to customer relationships, which will be amortized over seven years. Results of operations of the acquired business are included in the accompanying consolidated statements of operations from the date of acquisition and were not material. In addition, based on materiality, pro forma results are not presented.
	On October 15, 2013, the Company completed a merger with Gilman 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 the Company, National Acquisition Corp., a Delaware corporation and the Company’s wholly-owned subsidiary (“Merger Sub”), and Gilman. Pursuant to the Merger Agreement, Merger Sub was merged with and into Gilman, with Gilman surviving the merger and becoming a wholly-owned subsidiary of the Company. Gilman provides federal, state and local tax preparation services to individuals predominantly in upper and middle income tax brackets and accounting services to small and middle size companies. In addition, through wholly owned subsidiaries, Gilman is engaged in broker-dealer, investment advisory, insurance product sales and mortgage brokerage activities.
	Pursuant to the Merger Agreement, the Company issued to Gilman’s stockholders 2,266,669 shares of its common stock valued at $8,840,000 determined based on the closing market price of the Company’s common stock on the acquisition date, and became the owner of 100% of the outstanding shares of Gilman’s common stock. Additionally, the Company financed repayment of $5,400,000 of Gilman’s liabilities through a capital contribution to Gilman. In August 2013, the Company issued 1,058,333 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.
	The purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values as follows:
	Assets
	Current assets	$	4,833,000
	Fixed assets		482,000
	Other assets		272,000
	Intangible assets		8,350,000
	Goodwill		6,531,000
	Total Assets		20,468,000
	Liabilities
	Current liabilities		6,000,000
	Long-term liabilities		5,628,000
	Total Liabilities		11,628,000
	Purchase Price	$	8,840,000
	The goodwill recognized, none of which is deductible for income tax purposes, is attributable to the assembled workforce of Gilman and to expected synergies and other benefits that the Company believes will result from combining its operations with 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 intangible assets acquired, including $569,000 attributable to the February 2015 Gilman aquisition, their carrying amount as of March 31, 2015 and their estimated useful lives:
	Intangible asset	Fair Value		Accumulated Amortization		Carrying Value		Estimated
								Useful Life
								(years)
	Customer relationships	$	6,969,000	$	948,000	$	6,021,000		7&10
	Non-compete		296,000		216,000		80,000		2
	Brands		1,654,000		-		1,654,000	Indefinite
		$	8,919,000	$	1,164,000	$	7,755,000
	Amortization expense associated with intangible assets, for the six months ended March 31, 2015 and 2014 was $409,000 and $463,000, respectively.
	The estimated future amortization expense of the above intangible assets for the next five fiscal years and thereafter is as follows:
	Year ending
	September 30,
	2015	$	426,000
	2016		733,000
	2017		719,000
	2018		719,000
	2019		719,000
	Thereafter		2,785,000
	Total	$	6,101,000
	Gilman’s results of operations are included in the accompanying consolidated financial statements from October 15, 2013, the date of acquisition. The following pro forma consolidated results of operations have been prepared as if the acquisition occurred at October 1, 2013:
		(Unaudited)
		Six Month Period Ended
		31-Mar-14
	Revenues	$	95,518,000
	Net income attributable to common stockholders	$	3,881,000
	Basic earnings per share	$	0.31
	Diluted earnings per share	$	0.31
	Weighted number of shares outstanding – basic		12,339,219
	Weighted number of shares outstanding – Diluted		12,490,219
	These pro forma 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 after giving effect to measurement period adjustments (see Note 1), had been applied, 2) the shares issued by the Company to acquire Gilman, and 3) the decrease in interest expense related to Gilman’s liabilities paid by the Company. 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 resulted had the acquisition occurred on the date indicated or that may result in the future.

Note_8_Accounts_Payable_and_Ac

Note 8 - Accounts Payable and Accrued Expenses	6 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES
	Accounts payable and accrued expenses as of March 31, 2015 and September 30, 2014 consist of the following:
		March 31,		September 30,
		2015		2014
	Federal and state income tax	$	-	$	732,000
	Legal		606,000		911,000
	Audit		274,000		294,000
	Telecommunications		246,000		240,000
	Data services		364,000		387,000
	Regulatory		624,000		838,000
	Settlements		349,000		440,000
	Deferred rent		91,000		160,000
	Contingent consideration payable		569,000		-
	Other		1,995,000		1,713,000
	Total	$	5,118,000	$	5,715,000

Note_9_Per_Share_Data

Note 9 - Per Share Data	6 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 9. PER SHARE DATA
	Net Income per Common Share
	Basic net income per share of common stock attributable to the Company is computed on the basis of the weighted average number of shares of common stock outstanding after giving effect to the 1 for 10 reverse stock split. Diluted net income per share is computed on the basis of such weighted average number of shares of common stock outstanding plus the dilutive effect of incremental shares of common stock potentially issuable under outstanding options, warrants and unvested restricted stock units utilizing the treasury stock method.
		Three Month Period Ended				Six Month Period Ended
		March 31,				March 31,
		2015		2014		2015		2014
	Numerator:
	Net income	$	337,000	$	3,560,000	$	631,000	$	4,519,000
	Denominator:
	Denominator for basic earnings per share-weighted average shares		12,446,365		12,324,689		12,446,365		12,150,330
	Effect of dilutive securities:
	Options		22,826		49,808		24,226		26,639
	Warrants		-		3,449		-		-
	Unvested restricted stock units		33,567		124,361		27,037		124,361
	Denominator for diluted earnings per share-adjusted weighted-average shares		12,502,758		12,502,307		12,497,628		12,301,330
	Income per share:
	Net income available to common stockholders
	Basic	$	0.03	$	0.29	$	0.05	$	0.37
	Diluted	$	0.03	$	0.28	$	0.05	$	0.37
	The following potential common share equivalents are not included in the above diluted computation because to do so would be anti-dilutive:
		Three and Six Month Period Ended March 31,
		2015		2014
	Options		1,128,000		1,203,361
	Warrants		89,676		89,676
			1,217,676		1,293,037

Note_10_Off_Balance_Sheet_Risk

Note 10 - Off Balance Sheet Risk and Concentration of Credit Risk	6 Months Ended
	Mar. 31, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 10. OFF BALANCE SHEET RISK AND CONCENTRATION 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 uses clearing brokers to process transactions and maintain customer accounts on a fee basis for the Company. 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, periodically and 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/or (iii) charged to operations, based on the particular facts and circumstances.
	The Company maintains cash in bank deposits, which, at times, may exceed federally insured limits. In the event of a financial institution’s insolvency, the recovery of cash may be limited. The Company has not experienced and does not expect to experience losses on such accounts.
	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 into the same security) 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.

Note_11_New_Accounting_Guidanc

Note 11 - New Accounting Guidance	6 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	NOTE 11. NEW ACCOUNTING GUIDANCE
	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 requires the netting of unrecognized tax benefits against a deferred tax asset for the loss or other carryforward that would apply in settlement of the uncertain tax positions. The new guidance was effective for the Company beginning October 1, 2014. The adoption did not have any impact on the Company’s financial statements.
	In May 2014, the FASB issued an accounting standard update on revenue recognition. The new guidance creates a single, principle-based model for revenue recognition and expands and improves disclosures about revenue. The new guidance is effective for the Company beginning October 1, 2017, and must be adopted using either a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. The Company is currently evaluating the potential impact of this standard on its financial position and results of operations.

Note_12_Commitments_and_Contin

Note 12 - Commitments and Contingencies	6 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 12. COMMITMENTS AND CONTINGENCIES
	Leases
	As of March 31, 2015, the Company leases office space in various states expiring at various dates through August 2021, and is committed under operating leases for future minimum lease payments as follows:
	Fiscal Year	Rental		Less,		Net
	Ending	Expense		Sublease
				Income
	2015	$	1,681,000	$	68,000	$	1,613,000
	2016		2,807,000		136,000		2,671,000
	2017		2,108,000		80,000		2,028,000
	2018		1,461,000		-		1,461,000
	2019		770,000		-		770,000
	Thereafter		1,360,000		-		1,360,000
		$	10,187,000	$	284,000	$	9,903,000
	The total amount of rent payable under the leases is recognized on a straight line basis over the term of the leases. As of March 31, 2015 and September 30, 2014, the Company has recognized deferred rent payable of $91,000 and $160,000, respectively, which is included in “Accounts payable and other liabilities” on the condensed consolidated statement of financial condition. Rental expense under all operating leases for the six months ended March 31, 2015 and March 31, 2014 was $1,973,000 and $1,926,000 respectively. Sublease income under all operating subleases for the six months ended March 31, 2015 and 2014 was approximately $70,000 and $28,000 respectively.
	Litigation and Regulatory Matters
	The Company and its subsidiaries are defendants or respondents in various pending and threatened arbitrations, administrative proceedings, and lawsuits seeking compensatory damages of approximately $29,400,000. Many of these claimants also seek, in addition to compensatory damages, punitive or treble damages, and all seek interest, costs and fees. These matters arise in the normal course of business. The Company and its subsidiaries believe these actions are without merit and intend to vigorously defend themselves in these actions. The ultimate outcome of these matters cannot be determined at this time.
	The Company establishes liabilities for potential losses from complaints, legal actions, government investigations and proceedings where the Company believes that it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. In making these decisions, the Company bases its judgments on its knowledge of the situations, consultations with legal counsel and its 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 the Company’s 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, the Company cannot predict with certainty the eventual loss or range of loss related to such matters. These claims may be covered by our errors and omissions insurance policy. While the Company will vigorously defend itself 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 the Company's financial position. At March 31, 2015 and September 30, 2014, the Company accrued approximately $542,000 and $440,000, respectively, for legal fees and potential settlements for these matters, which are included in "Accounts payable and other liabilities" in the accompanying condensed consolidated statements of financial condition. The Company has included in "Professional fees" litigation and FINRA related expenses of $411,000 and $318,000 for the six months ended March 31, 2015 and 2014, respectively.

Note_13_Related_Party_Transact

Note 13 - Related Party Transactions	6 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 13. RELATED PARTY TRANSACTIONS
	Robert B. Fagenson, the Company’s Chief Executive Officer and Executive Chairman of the Board of Directors, is a party to an Independent Contractor Agreement, dated February 27, 2012, with NSC, whereby in exchange for establishing and maintaining a branch office of NSC in New York City, (the “Branch”), Mr. Fagenson receives compensation equivalent to 50% of any net income earned at the Branch, which for the six months ended March 31, 2015 and 2014 amounted to compensation of $36,000 and $48,000 respectively. Additionally, Mr. Fagenson’s daughter, Stephanie Fagenson, is employed by NSC as Director of Corporate Access and receives an annual salary of $90,000 in fiscal 2015 and received an annual salary of $72,000 in fiscal 2014.

Note_14_Net_Capital_Requiremen

Note 14 - Net Capital Requirements	6 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Regulatory Capital Requirements under Banking Regulations [Text Block]	NOTE 14. NET CAPITAL REQUIREMENTS
	National Securities is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1) (the Rule), which, among other things, requires the maintenance of minimum net capital. In February 2015, pursuant to a directive form FINRA, National Securities reverted back to using the alternative method of computing net capital from the aggregate indebtedness method. At March 31, 2015, National Securities had net capital of $7,165,930 which was $6,915,930 in excess of its required net capital of $250,000. National Securities claims exemption from the provisions of the SEC's Rule 15c3-3 pursuant to paragraph (k) (2) (ii) as it clears its customer transactions through its correspondent brokers on a fully disclosed basis.
	vFinance Investments is subject to the Rule, which, among other things, requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At March 31, 2015, vFinance Investments had net capital of $3,003,962 which was $2,003,962 in excess of its required net capital of $1,000,000. vFinance Investments percentage of aggregate indebtedness to net capital was 153.8%. vFinance Investments claims exemption from the provisions of the SEC's Rule 15c3-3 pursuant to paragraph (k) (2) (ii) as it clears its customer transactions through its correspondent brokers on a fully disclosed basis.
	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.

Note_15_Stock_Based_Compensati

Note 15 - Stock Based Compensation

6 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 15. STOCK BASED COMPENSATION

Restricted Stock Units

During the six months ended March 31, 2015 and 2014, the Company recorded stock based compensation expense of $109,000 and $119,000, respectively, related to restricted stock units.

A summary of the Company's non-vested restricted stock units for the six months ended March 31, 2015 is as follows:

Shares

Weighted

Average

Grant Date

Fair Value per share *

Non-vested restricted stock units at October 1, 2014

57,790

$

4.38

Forfeited

(1,292

)

$

5.72

Non-vested restricted stock units at March 31, 2015

56,498

$

3.87

*For independent advisors, the weighted average grant date fair value per share is calculated as the weighted average vesting date fair value, or if not vested, the value at the balance sheet date.

At March 31, 2015, there was $109,000 of unrecognized compensation expense related to unvested RSUs, which is expected to be recognized in 2015.

Stock Options

There was no stock option activity during the six months ended March 31, 2015. Information with respect to outstanding stock options at March 31, 2015 follows:

Outstanding Options

Weighted

Weighted Average Grant-Date Fair Value

Weighted

Aggregate

Average Exercise Price

Per Share

Average

Intrinsic

Per Share

Remaining

Value

Contractual

Term

1,218,000

$

6.4

1

4.2

$

45,000

During the six months ended March 31, 2015 and 2014 the Company recognized compensation expense of $144,000 and $427,000, respectively related to stock options. As of March 31, 2015, the Company had approximately $41,000 of unamortized compensation costs related to non-vested options, which will be recognized in 2015.

Warrants

There were 89,676 warrants outstanding at March 31, 2015, all of which were exercisable, have an exercise price of $5.00 of which 25,000 expire in June 2015 and 64,676 expire in July 2015.

Note_16_Income_Taxes

Note 16 - Income Taxes	6 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 16. INCOME TAXES
	The Company files a consolidated federal income tax return and certain combined state and local income tax returns with its subsidiaries. Income tax expense amounted to $196,000 ($6,000 of current benefit and $202,000 of deferred expense) and $417,000 ($43,000 current expense and $374,000 deferred expense) for the three-month and six-month periods ended March 31, 2015, respectively and $134,000 and $241,000 for the three-month and six-month periods ended March 31, 2014, respectively. The tax expense for the three-month and six-month periods ended March 31, 2015 represents the estimated annual effective tax rate. The effective tax rate for the three-month and six-month periods ended March 31, 2014 differs from the statutory income tax rate, primarily due to utilization of net operating loss carryforwards for which valuation allowances had previously been provided.
	At March 31, 2015, the Company had a net deferred tax asset of $11,551,000, principally comprised of net operating loss carryforwards. Management believes that is more likely than not that its deferred tax assets will be realized and, accordingly, has not provided a valuation allowance against such amount.

Note_17_Segment_Information

Note 17 - Segment Information	6 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 17. SEGMENT INFORMATION
	The Company has two reportable segments. The brokerage and advisory services segment includes broker-dealer and investment advisory services, sale of insurance products and licensed mortgage brokerage services provided by the Broker-Dealer Subsidiaries, NAM, National Insurance, Prime Financial and GC. The tax and accounting services segment includes tax preparation and accounting services provided by Gilman.
	Corporate pre-tax loss consists of certain expenses that have not been allocated to reportable segments.
	Segment information for the three months ended March 31, 2015 and 2014 is as follows:
			Brokerage and Advisory Services		Tax and Accounting Services			Corporate				Total
	Three Months Ended March 31,
	2015
	Revenues		$	39,163,000	$	3,754,000		$	-			$	42,917,000
	Pre-tax income (loss)			269,000		1,184,000			(920,000	)	(a)		533,000
	Identifiable assets			42,302,000		3,996,000			17,693,000		(b)		63,991,000
	Depreciation and amortization			203,000		19,000			72,000				294,000
	Interest			2,000		-			-				2,000
	Capital expenditures			7,000		-			-				7,000
	2014
	Revenues		$	48,801,000	$	3,932,000		$	-			$	52,733,000
	Pre-tax (loss) income			3,542,000		1,427,000			(1,275,000	)	(a)		3,694,000
	Identifiable assets			28,951,000		18,700,000			1,433,000		(c)		49,084,000
	Depreciation and amortization			110,000		(42,000	)		230,000				298,000
	Interest			7,000		1,000			-				8,000
	Capital expenditures			48,000		-			-				48,000
			Brokerage and Advisory Services		Tax and Accounting Services			Corporate				Total
	Six Months Ended March 31,
	2015
	Revenues		$	79,603,000	$	4,512,000		$	-			$	84,115,000
	Pre-tax income (loss)			2,251,000		555,000			(1,758,000	)	(a)		1,048,000
	Identifiable assets			42,302,000		3,996,000			17,693,000		(b)		63,991,000
	Depreciation and amortization			320,000		26,000			222,000				568,000
	Interest			5,000		1,000			-				6,000
	Capital expenditures			194,000		11,000			6,000				211,000
	2014
	Revenues		$	89,444,000	$	4,470,000		$	-			$	93,914,000
	Pre-tax (loss) income			6,465,000		521,000			(2,226,000	)	(a)		4,760,000
	Identifiable assets			28,951,000		18,700,000			1,433,000		(c)		49,084,000
	Depreciation and amortization			216,000		(82,000	)		429,000				563,000
	Interest			14,000		4,000			6,000				24,000
	Capital expenditures			72,000		-			-				72,000
	(a)	Consists of executive salaries and other expenses not allocated to reportable segments by management.
	(b)	Consists principally of deferred tax asset.
	(c)	Consists of cash, intangibles and goodwill.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	6 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	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 requires the netting of unrecognized tax benefits against a deferred tax asset for the loss or other carryforward that would apply in settlement of the uncertain tax positions. The new guidance was effective for the Company beginning October 1, 2014. The adoption did not have any impact on the Company’s financial statements.
	In May 2014, the FASB issued an accounting standard update on revenue recognition. The new guidance creates a single, principle-based model for revenue recognition and expands and improves disclosures about revenue. The new guidance is effective for the Company beginning October 1, 2017, and must be adopted using either a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. The Company is currently evaluating the potential impact of this standard on its financial position and results of operations.

Note_1_Basis_of_Presentation_T

Note 1 - Basis of Presentation (Tables)	6 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]		For the Three Months Ended				For the Six Months Ended
		31-Mar-14				31-Mar-14
		As previously				As previously
		Reported		As Revised		Reported		As Revised
	Total revenues	$	52,684,000	$	52,733,000	$	94,478,000	$	93,914,000
	Total operating expenses		49,314,000		49,039,000		90,311,000		89,154,000
	Income before income taxes		3,370,000		3,694,000		4,167,000		4,760,000
	Income taxes		134,000		134,000		241,000		241,000
	Net income	$	3,236,000	$	3,560,000	$	3,926,000	$	4,519,000
	Net income per share attributable to common stockholders
	Basic	$	0.26	$	0.29	$	0.32	$	0.37
	Diluted	$	0.26	$	0.28	$	0.32	$	0.37

Note_4_Forgivable_Loans_Receiv1

Note 4 - Forgivable Loans Receivable (Tables)	6 Months Ended
	Mar. 31, 2015
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in and Advances to Affiliates [Table Text Block]	Balance, October 1, 2014	$	662,000
	Additions		483,000
	Amortization		(149,000	)
	Repayments		(60,000	)
	Balance, March 31, 2015	$	936,000

Note_5_Securities_Owned_and_Se1

Note 5 - Securities Owned and Securities Sold, But Not Yet Purchased at Fair Value (Tables)	6 Months Ended
	Mar. 31, 2015
Investment Holdings [Abstract]
Schedule of Securities Owned and Sold, Not yet Purchased, at Fair Value [Table Text Block]	As of March 31, 2015
	Securities owned at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	237,000		-		-	$	237,000
	Municipal bonds		503,000		-		-		503,000
	Restricted stock and warrants		-		174,000		-		174,000
		$	740,000	$	174,000	$	-	$	914,000
	Securities sold, not yet purchased at fair value	Level 1		Level 2		Level 3		Total
	Municipal bonds	$	34,000	$	-	$	-	$	34,000
	As of September 30, 2014
	Securities owned at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	256,000		-		-	$	256,000
	Municipal bonds		696,000		-		-		696,000
	Restricted stock and warrants		-		109,000		-		109,000
		$	952,000	$	109,000	$	-	$	1,061,000
	Securities sold, but not yet purchased at fair value	Level 1		Level 2		Level 3		Total
	Corporate stocks	$	55,000		-		-	$	55,000

Note_6_Fixed_Assets_Tables

Note 6 - Fixed Assets (Tables)	6 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]		March 31,			September 30,			Estimated Useful
		2015			2014			Lives
	Equipment	$	526,000		$	339,000			5
	Furniture and fixtures		151,000			139,000			5
	Leasehold improvements		578,000			566,000		Lesser of useful life or term of lease
	Capital leases (primarily composed of computer equipment)		453,000			453,000			5
			1,708,000			1,497,000
	Less accumulated depreciation and amortization		(904,000	)		(745,000	)
	Fixed assets – net	$	804,000		$	752,000

Note_7_Business_Combination_Ta

Note 7 - Business Combination (Tables)	6 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Assets
	Current assets	$	4,833,000
	Fixed assets		482,000
	Other assets		272,000
	Intangible assets		8,350,000
	Goodwill		6,531,000
	Total Assets		20,468,000
	Liabilities
	Current liabilities		6,000,000
	Long-term liabilities		5,628,000
	Total Liabilities		11,628,000
	Purchase Price	$	8,840,000
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Intangible asset	Fair Value		Accumulated Amortization		Carrying Value		Estimated
								Useful Life
								(years)
	Customer relationships	$	6,969,000	$	948,000	$	6,021,000		7&10
	Non-compete		296,000		216,000		80,000		2
	Brands		1,654,000		-		1,654,000	Indefinite
		$	8,919,000	$	1,164,000	$	7,755,000
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year ending
	September 30,
	2015	$	426,000
	2016		733,000
	2017		719,000
	2018		719,000
	2019		719,000
	Thereafter		2,785,000
	Total	$	6,101,000
Business Acquisition, Pro Forma Information [Table Text Block]		(Unaudited)
		Six Month Period Ended
		31-Mar-14
	Revenues	$	95,518,000
	Net income attributable to common stockholders	$	3,881,000
	Basic earnings per share	$	0.31
	Diluted earnings per share	$	0.31
	Weighted number of shares outstanding – basic		12,339,219
	Weighted number of shares outstanding – Diluted		12,490,219

Note_8_Accounts_Payable_and_Ac1

Note 8 - Accounts Payable and Accrued Expenses (Tables)	6 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]		March 31,		September 30,
		2015		2014
	Federal and state income tax	$	-	$	732,000
	Legal		606,000		911,000
	Audit		274,000		294,000
	Telecommunications		246,000		240,000
	Data services		364,000		387,000
	Regulatory		624,000		838,000
	Settlements		349,000		440,000
	Deferred rent		91,000		160,000
	Contingent consideration payable		569,000		-
	Other		1,995,000		1,713,000
	Total	$	5,118,000	$	5,715,000

Note_9_Per_Share_Data_Tables

Note 9 - Per Share Data (Tables)	6 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Three Month Period Ended				Six Month Period Ended
		March 31,				March 31,
		2015		2014		2015		2014
	Numerator:
	Net income	$	337,000	$	3,560,000	$	631,000	$	4,519,000
	Denominator:
	Denominator for basic earnings per share-weighted average shares		12,446,365		12,324,689		12,446,365		12,150,330
	Effect of dilutive securities:
	Options		22,826		49,808		24,226		26,639
	Warrants		-		3,449		-		-
	Unvested restricted stock units		33,567		124,361		27,037		124,361
	Denominator for diluted earnings per share-adjusted weighted-average shares		12,502,758		12,502,307		12,497,628		12,301,330
	Income per share:
	Net income available to common stockholders
	Basic	$	0.03	$	0.29	$	0.05	$	0.37
	Diluted	$	0.03	$	0.28	$	0.05	$	0.37
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]		Three and Six Month Period Ended March 31,
		2015		2014
	Options		1,128,000		1,203,361
	Warrants		89,676		89,676
			1,217,676		1,293,037

Note_12_Commitments_and_Contin1

Note 12 - Commitments and Contingencies (Tables)	6 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Fiscal Year	Rental		Less,		Net
	Ending	Expense		Sublease
				Income
	2015	$	1,681,000	$	68,000	$	1,613,000
	2016		2,807,000		136,000		2,671,000
	2017		2,108,000		80,000		2,028,000
	2018		1,461,000		-		1,461,000
	2019		770,000		-		770,000
	Thereafter		1,360,000		-		1,360,000
		$	10,187,000	$	284,000	$	9,903,000

Note_15_Stock_Based_Compensati1

Note 15 - Stock Based Compensation (Tables)

6 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

Shares

Weighted

Average

Grant Date

Fair Value per share *

Non-vested restricted stock units at October 1, 2014

57,790

$

4.38

Forfeited

(1,292

)

$

5.72

Non-vested restricted stock units at March 31, 2015

56,498

$

3.87

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Outstanding Options

Weighted

Weighted Average Grant-Date Fair Value

Weighted

Aggregate

Average Exercise Price

Per Share

Average

Intrinsic

Per Share

Remaining

Value

Contractual

Term

1,218,000

$

6.4

1

4.2

$

45,000

Note_17_Segment_Information_Ta

Note 17 - Segment Information (Tables)	6 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Brokerage and Advisory Services		Tax and Accounting Services			Corporate				Total
	Three Months Ended March 31,
	2015
	Revenues	$	39,163,000	$	3,754,000		$	-			$	42,917,000
	Pre-tax income (loss)		269,000		1,184,000			(920,000	)	(a)		533,000
	Identifiable assets		42,302,000		3,996,000			17,693,000		(b)		63,991,000
	Depreciation and amortization		203,000		19,000			72,000				294,000
	Interest		2,000		-			-				2,000
	Capital expenditures		7,000		-			-				7,000
	2014
	Revenues	$	48,801,000	$	3,932,000		$	-			$	52,733,000
	Pre-tax (loss) income		3,542,000		1,427,000			(1,275,000	)	(a)		3,694,000
	Identifiable assets		28,951,000		18,700,000			1,433,000		(c)		49,084,000
	Depreciation and amortization		110,000		(42,000	)		230,000				298,000
	Interest		7,000		1,000			-				8,000
	Capital expenditures		48,000		-			-				48,000
		Brokerage and Advisory Services		Tax and Accounting Services			Corporate				Total
	Six Months Ended March 31,
	2015
	Revenues	$	79,603,000	$	4,512,000		$	-			$	84,115,000
	Pre-tax income (loss)		2,251,000		555,000			(1,758,000	)	(a)		1,048,000
	Identifiable assets		42,302,000		3,996,000			17,693,000		(b)		63,991,000
	Depreciation and amortization		320,000		26,000			222,000				568,000
	Interest		5,000		1,000			-				6,000
	Capital expenditures		194,000		11,000			6,000				211,000
	2014
	Revenues	$	89,444,000	$	4,470,000		$	-			$	93,914,000
	Pre-tax (loss) income		6,465,000		521,000			(2,226,000	)	(a)		4,760,000
	Identifiable assets		28,951,000		18,700,000			1,433,000		(c)		49,084,000
	Depreciation and amortization		216,000		(82,000	)		429,000				563,000
	Interest		14,000		4,000			6,000				24,000
	Capital expenditures		72,000		-			-				72,000

Note_1_Basis_of_Presentation_D

Note 1 - Basis of Presentation (Details) (USD $)	1 Months Ended	3 Months Ended			6 Months Ended
	Feb. 28, 2015	Mar. 31, 2015	Sep. 30, 2014	Mar. 31, 2014	Mar. 31, 2014
Reverse Stock Split [Member]
Note 1 - Basis of Presentation (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	10	10
Gilman [Member]
Note 1 - Basis of Presentation (Details) [Line Items]
Goodwill, Purchase Accounting Adjustments			$2,066,000
Increase (Decrease) in Intangible Assets, Current				$324,000	$593,000

Note_1_Basis_of_Presentation_D1

Note 1 - Basis of Presentation (Details) - Prior Period Adjustments (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Total revenues	$42,917,000	$52,733,000	$84,115,000	$93,914,000
Total operating expenses	42,384,000	49,039,000	83,067,000	89,154,000
Income before income taxes	533,000	3,694,000	1,048,000	4,760,000
Income taxes	196,000	134,000	417,000	241,000
Net income	337,000	3,560,000	631,000	4,519,000
Basic (in Dollars per share)	$0.03	$0.29	$0.05	$0.37
Diluted (in Dollars per share)	$0.03	$0.28	$0.05	$0.37
Scenario, Previously Reported [Member]
Total revenues		52,684,000		94,478,000
Total operating expenses		49,314,000		90,311,000
Income before income taxes		3,370,000		4,167,000
Income taxes		134,000		241,000
Net income		$3,236,000		$3,926,000
Basic (in Dollars per share)		$0.26		$0.32
Diluted (in Dollars per share)		$0.26		$0.32

Note_3_Receivables_from_Broker1

Note 3 - Receivables from Broker-Dealers and Clearing Organizations and Other Receivables (Details) (USD $)	Mar. 31, 2015	Sep. 30, 2014
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Receivables from Brokers-Dealers and Clearing Organizations	$3,632,000	$4,985,000
Premiums and Other Receivables, Net	4,277,000	3,998,000
Allowance for Doubtful Accounts Receivable, Current	$509,000	$336,000

Note_4_Forgivable_Loans_Receiv2

Note 4 - Forgivable Loans Receivable (Details) (USD $)	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
Note 4 - Forgivable Loans Receivable (Details) [Line Items]
Forgiveness of Loans	$149,000	$105,000
Loans Receivable [Member]
Note 4 - Forgivable Loans Receivable (Details) [Line Items]
Allowance for Doubtful Accounts Receivable	$0		$0
Maximum [Member]
Note 4 - Forgivable Loans Receivable (Details) [Line Items]
Notes Receivable,Interest Range	9.00%

Note_4_Forgivable_Loans_Receiv3

Note 4 - Forgivable Loans Receivable (Details) - Forgivable Loan Activity (USD $)	6 Months Ended
	Mar. 31, 2015	Sep. 30, 2014
Investments in and Advances to Affiliates [Line Items]
Balance		$3,998,000
Balance	4,277,000	3,998,000
Advances to Registered Representatives [Member]
Investments in and Advances to Affiliates [Line Items]
Balance	662,000
Additions	483,000
Amortization	-149,000
Repayments	-60,000
Balance	$936,000

Note_5_Securities_Owned_and_Se2

Note 5 - Securities Owned and Securities Sold, But Not Yet Purchased at Fair Value (Details) - Fair Value Measurements (USD $)	Mar. 31, 2015	Sep. 30, 2014
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	$914,000	$1,061,000
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	237,000	256,000
Corporate Stocks [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	237,000	256,000
Municipal Bonds [Member] | Fair Value, Inputs, Level 1 [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	503,000	696,000
Municipal Bonds [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	503,000	696,000
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	174,000	109,000
Restricted Stock [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	174,000	109,000
Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities sold, but not yet purchased at fair value	34,000
Fair Value, Inputs, Level 1 [Member] | Corporate Stocks [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities sold, but not yet purchased at fair value		55,000
Fair Value, Inputs, Level 1 [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	740,000	952,000
Fair Value, Inputs, Level 2 [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	174,000	109,000
Municipal Bonds [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities sold, but not yet purchased at fair value	34,000
Corporate Stocks [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities sold, but not yet purchased at fair value		$55,000

Note_6_Fixed_Assets_Details

Note 6 - Fixed Assets (Details) (USD $)	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation	$159,000	$100,000

Note_6_Fixed_Assets_Details_Fi

Note 6 - Fixed Assets (Details) - Fixed Assets (USD $)	6 Months Ended
	Mar. 31, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Property plant and equipment	$1,708,000	$1,497,000
Less accumulated depreciation and amortization	-904,000	-745,000
Fixed assets b net	804,000	752,000
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	526,000	339,000
Estimated useful lives	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	151,000	139,000
Estimated useful lives	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	578,000	566,000
Estimated useful lives
Assets Held under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	$453,000	$453,000
Estimated useful lives	5 years

Note_7_Business_Combination_De

Note 7 - Business Combination (Details) (USD $)	0 Months Ended	6 Months Ended		1 Months Ended
	Oct. 15, 2013	Mar. 31, 2015	Mar. 31, 2014	Feb. 28, 2015
Note 7 - Business Combination (Details) [Line Items]
Business Combination, Contingent Consideration, Liability		$569,000
Proceeds from Issuance of Private Placement	3,016,000
Amortization of Intangible Assets		409,000	463,000
Private Placement [Member]
Note 7 - Business Combination (Details) [Line Items]
Sale of Stock, Number of Shares Issued in Transaction (in Shares)	1,058,333
Customer Relationships [Member] | Certain Assets of a Tax Preparation and Accounting Business [Member]
Note 7 - Business Combination (Details) [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				7 years
Certain Assets of a Tax Preparation and Accounting Business [Member]
Note 7 - Business Combination (Details) [Line Items]
Business Combination, Contingent Consideration, Liability				569,000
Business Combination, Earn-out Period				48 months
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High				640,000
Gilman Ciocia Inc [Member]
Note 7 - Business Combination (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares)	2,266,669
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	8,840,000
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Payments to Acquire Businesses, Gross	$5,400,000

Note_7_Business_Combination_De1

Note 7 - Business Combination (Details) - Assets Acquired and Liabilities Assumed (USD $)	Mar. 31, 2015	Sep. 30, 2014	Oct. 15, 2013
Note 7 - Business Combination (Details) - Assets Acquired and Liabilities Assumed [Line Items]
Goodwill	$6,531,000	$6,531,000
Gilman Ciocia Inc [Member]
Note 7 - Business Combination (Details) - Assets Acquired and Liabilities Assumed [Line Items]
Current assets			4,833,000
Fixed assets			482,000
Other assets			272,000
Intangible assets			8,350,000
Goodwill			6,531,000
Total Assets			20,468,000
Current liabilities			6,000,000
Long-term liabilities			5,628,000
Total Liabilities			11,628,000
Purchase Price			$8,840,000

Note_7_Business_Combination_De2

Note 7 - Business Combination (Details) - Intangible Assets Subject to Amortization (USD $)	6 Months Ended
	Mar. 31, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	8,919,000
Accumulated Amortization	1,164,000
Carrying Value	7,755,000
Customer Relationships [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	7 years
Customer Relationships [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	10 years
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	6,969,000
Accumulated Amortization	948,000
Carrying Value	6,021,000
Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	296,000
Accumulated Amortization	216,000
Carrying Value	80,000
Estimated Useful Life (years)	2 years
Trademarks and Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	1,654,000
Carrying Value	1,654,000
Estimated Useful Life (years)

Note_7_Business_Combination_De3

Note 7 - Business Combination (Details) - Intangible Assets Estimated Future Amortization Expense (USD $)	Mar. 31, 2015
Note 7 - Business Combination (Details) - Intangible Assets Estimated Future Amortization Expense [Line Items]
Total	$7,755,000
Gilman Ciocia Inc [Member]
Note 7 - Business Combination (Details) - Intangible Assets Estimated Future Amortization Expense [Line Items]
2015	426,000
2016	733,000
2017	719,000
2018	719,000
2019	719,000
Thereafter	2,785,000
Total	$6,101,000

Note_7_Business_Combination_De4

Note 7 - Business Combination (Details) - Pro Forma Consolidated Results of Operations (Gilman Ciocia Inc [Member], USD $)	6 Months Ended
	Mar. 31, 2014
Gilman Ciocia Inc [Member]
Note 7 - Business Combination (Details) - Pro Forma Consolidated Results of Operations [Line Items]
Revenues	$95,518,000
Net income attributable to common stockholders	$3,881,000
Basic earnings per share	$0.31
Diluted earnings per share	$0.31
Weighted number of shares outstanding b basic	12,339,219
Weighted number of shares outstanding b Diluted	12,490,219

Note_8_Accounts_Payable_and_Ac2

Note 8 - Accounts Payable and Accrued Expenses (Details) - Accounts Payable and Accrued Expenses (USD $)	Mar. 31, 2015	Sep. 30, 2014
Note 8 - Accounts Payable and Accrued Expenses (Details) - Accounts Payable and Accrued Expenses [Line Items]
Federal and state income tax		$732,000
Telecommunications	246,000	240,000
Data services	364,000	387,000
Regulatory	624,000	838,000
Settlements	349,000	440,000
Deferred rent	91,000	160,000
Contingent consideration payable	569,000
Other	1,995,000	1,713,000
Total	5,118,000	5,715,000
Legal Fees [Member]
Note 8 - Accounts Payable and Accrued Expenses (Details) - Accounts Payable and Accrued Expenses [Line Items]
Professional Fees	606,000	911,000
Audit Fees [Member]
Note 8 - Accounts Payable and Accrued Expenses (Details) - Accounts Payable and Accrued Expenses [Line Items]
Professional Fees	$274,000	$294,000

Note_9_Per_Share_Data_Details

Note 9 - Per Share Data (Details) (Reverse Stock Split [Member])	1 Months Ended	3 Months Ended
	Feb. 28, 2015	Mar. 31, 2015
Reverse Stock Split [Member]
Note 9 - Per Share Data (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	10	10

Note_9_Per_Share_Data_Details_

Note 9 - Per Share Data (Details) - Basic Net Loss Per Share (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Numerator:
Net income (in Dollars)	$337,000	$3,560,000	$631,000	$4,519,000
Denominator:
Denominator for basic earnings per share-weighted average shares	12,446,365	12,324,689	12,446,365	12,150,330
Denominator for diluted earnings per share-adjusted weighted-average shares	12,502,758	12,502,307	12,497,628	12,301,330
Net income available to common stockholders
Basic (in Dollars per share)	$0.03	$0.29	$0.05	$0.37
Diluted (in Dollars per share)	$0.03	$0.28	$0.05	$0.37
Dilutive Options [Member]
Denominator:
Dilutive securities	22,826	49,808	24,226	26,639
Warrant [Member]
Denominator:
Warrants		3,449
Restricted Stock Units (RSUs) [Member]
Denominator:
Dilutive securities	33,567	124,361	27,037	124,361

Note_9_Per_Share_Data_Details_1

Note 9 - Per Share Data (Details) - Anti-Dilutive Common Shares (Weighted Average [Member])	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	1,217,676	1,293,037
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	1,128,000	1,203,361
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	89,676	89,676

Note_12_Commitments_and_Contin2

Note 12 - Commitments and Contingencies (Details) (USD $)	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
Note 12 - Commitments and Contingencies (Details) [Line Items]
Deferred Rent Credit	$91,000		$160,000
Operating Leases, Rent Expense	1,973,000	1,926,000
Operating Leases, Income Statement, Sublease Revenue	70,000	28,000
Professional Fees1 [Member] | Pending and Threatend Litigation [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Legal Fees	411,000	318,000
Pending and Threatend Litigation [Member] | Accounts Payable and Accrued Liabilities [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Loss Contingency, Estimate of Possible Loss	542,000		440,000
Pending and Threatend Litigation [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Loss Contingency, Damages Sought, Value	29,400,000
Accounts Payable and Accrued Liabilities [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Deferred Rent Credit	$91,000		$160,000

Note_12_Commitments_and_Contin3

Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments (USD $)	Mar. 31, 2015
Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments [Line Items]
2015	$68,000
2016	136,000
2017	80,000
	284,000
Gross Payments [Member]
Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments [Line Items]
2015	1,681,000
2016	2,807,000
2017	2,108,000
2018	1,461,000
2019	770,000
Thereafter	1,360,000
	10,187,000
Net of Sublease Income [Member]
Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments [Line Items]
2015	1,613,000
2016	2,671,000
2017	2,028,000
2018	1,461,000
2019	770,000
Thereafter	1,360,000
	$9,903,000

Note_13_Related_Party_Transact1

Note 13 - Related Party Transactions (Details) (USD $)	6 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
Chief Executive Officer [Member] | Contractor Agreement [Member]
Note 13 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Rate	50.00%
Related Party Transaction, Amounts of Transaction	$36,000	$48,000
Immediate Family Member of Management or Principal Owner [Member] | Salary [Member]
Note 13 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	$90,000		$72,000

Note_14_Net_Capital_Requiremen1

Note 14 - Net Capital Requirements (Details) (USD $)	Mar. 31, 2015
National Securities [Member] | SEC Requirement [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Minimum Net Capital Required	$250,000
National Securities [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Net Capital	7,165,930
Alternative Excess Net Capital	6,915,930
vFinance Investments [Member] | Maximum [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Ratio of Indebtedness to Net Capital	15
vFinance Investments [Member] | SEC Requirement [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Minimum Net Capital Required	1,000,000
vFinance Investments [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Net Capital	3,003,962
Alternative Excess Net Capital	$2,003,962
Capital Required to be Well Capitalized to Risk Weighted Assets	153.80%

Note_15_Stock_Based_Compensati2

Note 15 - Stock Based Compensation (Details) (USD $)	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Note 15 - Stock Based Compensation (Details) [Line Items]
Class of Warrant or Right, Outstanding (in Shares)	89,676
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$5
Expires June 2015 [Member]
Note 15 - Stock Based Compensation (Details) [Line Items]
Class of Warrant or Right, Outstanding (in Shares)	25,000
Expires July 2015 [Member]
Note 15 - Stock Based Compensation (Details) [Line Items]
Class of Warrant or Right, Outstanding (in Shares)	64,676
Restricted Stock Units (RSUs) [Member]
Note 15 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense	$109,000	$119,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	109,000
Employee Stock Option [Member]
Note 15 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense	144,000	427,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$41,000

Note_15_Stock_Based_Compensati3

Note 15 - Stock Based Compensation (Details) - Nonvested Restricted Stock Unit Activity (USD $)	6 Months Ended
	Mar. 31, 2015
Nonvested Restricted Stock Unit Activity [Abstract]
Non-vested restricted stock units, shares	57,790
Non-vested restricted stock units, weighted average grant due fair value	$4.38	[1]
Forfeited	-1,292
Forfeited	$5.72	[1]
Non-vested restricted stock units, shares	56,498
Non-vested restricted stock units, weighted average grant due fair value	$3.87	[1]
[1]	For independent advisors, the weighted average grant date fair value per share is calculated as the weighted average vesting date fair value, or if not vested, the value at the balance sheet date.

Note_15_Stock_Based_Compensati4

Note 15 - Stock Based Compensation (Details) - Stock Option Activity (USD $)	6 Months Ended
	Mar. 31, 2015
Stock Option Activity [Abstract]
(in Shares)	1,218,000
	$6.40
	$1
	4 years 73 days
(in Dollars)	$45,000

Note_16_Income_Taxes_Details

Note 16 - Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$196,000	$134,000	$417,000	$241,000
Current Income Tax Expense (Benefit)	6,000		43,000
Deferred Income Tax Expense (Benefit)	202,000		374,000
Deferred Tax Assets, Net of Valuation Allowance	$11,551,000		$11,551,000

Note_17_Segment_Information_De

Note 17 - Segment Information (Details)	6 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Number of Reportable Segments	2

Note_17_Segment_Information_De1

Note 17 - Segment Information (Details) - Segment Information (USD $)	3 Months Ended				6 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Mar. 31, 2015		Mar. 31, 2014		Sep. 30, 2014
2015
Revenues	$42,917,000		$52,733,000		$84,115,000		$93,914,000
Pre-tax income (loss)	533,000		3,694,000		1,048,000		4,760,000
Identifiable assets	63,991,000		49,084,000		63,991,000		49,084,000		64,793,000
Depreciation and amortization	294,000		298,000		568,000		563,000
Interest	2,000		8,000		6,000		24,000
Capital expenditures	7,000		48,000		211,000		72,000
Brokerage and Advisory Service [Member] | Operating Segments [Member]
2015
Revenues	39,163,000		48,801,000		79,603,000		89,444,000
Pre-tax income (loss)	269,000		3,542,000		2,251,000		6,465,000
Identifiable assets	42,302,000		28,951,000		42,302,000		28,951,000
Depreciation and amortization	203,000		110,000		320,000		216,000
Interest	2,000		7,000		5,000		14,000
Capital expenditures	7,000		48,000		194,000		72,000
Tax and Accounting Services [Member] | Operating Segments [Member]
2015
Revenues	3,754,000		3,932,000		4,512,000		4,470,000
Pre-tax income (loss)	1,184,000		1,427,000		555,000		521,000
Identifiable assets	3,996,000		18,700,000		3,996,000		18,700,000
Depreciation and amortization	19,000		-42,000		26,000		-82,000
Interest			1,000		1,000		4,000
Capital expenditures					11,000
Corporate, Non-Segment [Member]
2015
Pre-tax income (loss)	-920,000	[1]	-1,275,000	[1]	-1,758,000	[1]	-2,226,000	[1]
Identifiable assets	17,693,000	[2]	1,433,000	[3]	17,693,000	[2]	1,433,000	[3]
Depreciation and amortization	72,000		230,000		222,000		429,000
Interest							6,000
Capital expenditures					$6,000
[1]	Consists of executive salaries and other expenses not allocated to reportable segments by management.
[2]	Consists principally of deferred tax asset.
[3]	Consists of cash, intangibles and goodwill.