National (NHLD) 10-Q 14 Aug 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Aug. 13, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	NATIONAL HOLDINGS CORP
Trading Symbol	NHLD
Document Type	10-Q
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		12,446,365
Amendment Flag	false
Entity Central Index Key	1,023,844
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	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
ASSETS
Cash	$ 24,399,000	$ 24,465,000
Restricted cash	218,000	92,000
Cash deposits with clearing organizations	1,005,000	1,005,000
Securities owned, at fair value	1,494,000	1,061,000
Receivables from broker-dealers and clearing organizations	4,158,000	4,985,000
Forgivable loans receivable	1,401,000	662,000
Other receivables, net	4,476,000	3,998,000
Prepaid expenses	1,277,000	932,000
Fixed assets, net	746,000	752,000
Intangible assets, net	7,540,000	7,595,000
Goodwill	6,531,000	6,531,000
Deferred tax asset, net	11,305,000	11,925,000
Other assets, principally refundable deposits	511,000	790,000
Total Assets	65,061,000	64,793,000
Liabilities
Securities sold, but not yet purchased, at fair value	249,000	55,000
Accrued commissions and payroll payable	12,389,000	13,520,000
Accounts payable and other liabilities	5,681,000	5,715,000
Deferred clearing credit	957,000	971,000
Total Liabilities	19,276,000	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 June 30, 2015 and at September 30, 2014	249,000	249,000
Additional paid-in-capital	80,307,000	79,837,000
Accumulated deficit	(34,786,000)	(35,569,000)
Total National Holdings Corporation Stockholders’ Equity	45,770,000	44,517,000
Non-Controlling interest	15,000	15,000
Total Stockholders’ Equity	45,785,000	44,532,000	[1]
Total Liabilities and Stockholders’ Equity	$ 65,061,000	$ 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 Stateme3

Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 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 Stateme4

Condensed Consolidated Statements of Operations (Unaudited) - Scenario, Unspecified [Domain] - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Commissions	$ 24,272,000	$ 27,864,000	$ 74,434,000	$ 85,777,000
Principal transactions	2,418,000	3,977,000	8,562,000	13,119,000
Investment banking	6,356,000	5,273,000	15,869,000	14,225,000
Investment advisory	3,797,000	3,839,000	11,149,000	10,775,000
Interest and dividends	946,000	906,000	2,624,000	2,723,000
Transfer fees and clearing services	1,735,000	2,105,000	6,302,000	6,873,000
Tax preparation and accounting	2,724,000	2,557,000	7,231,000	6,832,000
Other	87,000	107,000	280,000	218,000
Total Revenues	42,335,000	46,628,000	126,451,000	140,542,000
Operating Expenses
Commissions, compensation and fees	35,819,000	38,475,000	107,205,000	115,003,000
Clearing fees	681,000	860,000	2,209,000	3,001,000
Communications	1,176,000	1,217,000	3,618,000	3,548,000
Occupancy	1,021,000	1,064,000	3,046,000	3,090,000
License and registration	441,000	385,000	1,308,000	1,138,000
Professional fees	1,721,000	1,071,000	3,541,000	3,169,000
Interest	6,000	6,000	12,000	29,000
Depreciation and amortization	294,000	291,000	862,000	853,000
Other administrative expenses	819,000	1,523,000	3,241,000	4,215,000
Total Operating Expenses	41,978,000	44,892,000	125,042,000	134,046,000
Income before Income Tax Expense	357,000	1,736,000	1,409,000	6,496,000
Income tax expense	208,000	29,000	626,000	271,000
Net Income	$ 149,000	$ 1,707,000	$ 783,000	$ 6,225,000
Net income per share - Basic (in Dollars per share)	$ 0.01	$ 0.14	$ 0.06	$ 0.51
Net income per share - Diluted (in Dollars per share)	$ 0.01	$ 0.14	$ 0.06	$ 0.50
Weighted number of shares outstanding - Basic (in Shares)	12,446,365	12,324,689	12,446,365	12,208,449
Weighted number of shares outstanding - Diluted (in Shares)	12,491,170	12,514,128	12,495,475	12,361,012

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - 9 months ended Jun. 30, 2015 - 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			312,000			312,000
Stock- based compensation - restricted stock units			158,000			158,000
Net income				783,000		783,000
Balance at Jun. 30, 2015		$ 249,000	$ 80,307,000	$ (34,786,000)	$ 15,000	$ 45,785,000
Balance (in Shares) at Jun. 30, 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 Stateme6

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals)	9 Months Ended
	Jun. 30, 2015shares
Common Stock [Member]
Shares issued for roundup of fractional shares	887

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - Scenario, Unspecified [Domain] - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 783,000	$ 6,225,000
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	862,000	854,000
Amortization of forgivable loans to registered representatives	262,000	166,000
Stock-based compensation	470,000	644,000
Provision for doubtful accounts	343,000	539,000
Amortization of deferred clearing credit	(148,000)	(73,000)
Deferred tax expense	620,000
Changes in assets and liabilities, net of effects of acquisition
Restricted cash	(126,000)
Cash deposits with clearing organizations		344,000
Securities owned, at fair value	(433,000)	(700,000)
Receivables from broker-dealers and clearing organizations	827,000	859,000
Forgivable loans receivable, net of repayments	(1,001,000)	111,000
Other receivables, net	(821,000)	(1,176,000)
Prepaid expenses	(345,000)	354,000
Other assets, principally refundable deposits	279,000	(177,000)
Accounts payable, accrued expenses and other liabilities	(1,600,000)	(667,000)
Securities sold, but not yet purchased, at fair value	194,000	212,000
Net cash provided by operating activities	166,000	7,515,000
CASH FLOWS FROM INVESTING ACTIVITIES
Cash acquired in acquisition		1,654,000
Purchase of fixed assets	(232,000)	(130,000)
Net cash (used in) provided by investing activities	(232,000)	1,524,000
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	(66,000)	3,639,000
CASH BALANCE
Beginning of the period	24,465,000	19,985,000
End of the period	24,399,000	23,624,000
Cash paid during the period for:
Interest	6,000	5,000
Income taxes	1,123,000	85,000
Acquisitions:
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	9 Months Ended
	Jun. 30, 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 June 30, 2015 and for the three and nine months ended June 30, 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 nine months ended June 30, 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 $325,000 and $919,000 for the three and nine months ended June 30, 2014, respectively. The reclassifications and adjustments for the three and nine months ended June 2014 are as follows: For the Three Months Ended For the Nine Months Ended June 30, 2014 June 30, 2014 As previously As previously Reported As Revised Reported As Revised Total revenues $ 46,602,000 $ 46,628,000 $ 141,081,000 $ 140,542,000 Total operating expenses 45,191,000 44,892,000 135,504,000 134,046,000 Income before income taxes 1,411,000 1,736,000 5,577,000 6,496,000 Income taxes 29,000 29,000 271,000 271,000 Net income $ 1,382,000 $ 1,707,000 $ 5,306,000 $ 6,225,000 Net income per share attributable to common stockholders Basic $ 0.11 $ 0.14 $ 0.43 $ 0.51 Diluted $ 0.11 $ 0.14 $ 0.43 $ 0.50

Note 2 - Organization and Descr

Note 2 - Organization and Description of Business	9 Months Ended
	Jun. 30, 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 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 retail clients for a fee based upon a percentage of assets managed. In May 2014, all registered investment advisors and customer accounts of AFP were moved into NAM and AFP ceased 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 Broke

Note 3 - Receivables from Broker-Dealers and Clearing Organizations and Other Receivables	9 Months Ended
	Jun. 30, 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 June 30, 2015 and September 30, 2014, the receivables of $4,158,000 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 fee revenues associated with the Company’s asset management advisory business. Other receivables, net, at June 30, 2015 and September 30, 2014 of $4,476,000 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 $679,000 and $336,000, respectively.

Note 4 - Forgivable Loans Recei

Note 4 - Forgivable Loans Receivable	9 Months Ended
	Jun. 30, 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 $262,000 and $166,000 for nine months ended June 30, 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 June 30, 2015 and September 30, 2014, no allowance for doubtful accounts was required. Forgivable loan activity for the nine months ended June 30, 2015 is as follows: Balance, October 1, 2014 $ 662,000 Additions 1,096,000 Amortization (262,000 ) Repayments (95,000 ) Balance, June 30, 2015 $ 1,401,000 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 S

Note 5 - Securities Owned and Securities Sold, But Not Yet Purchased at Fair Value	9 Months Ended
	Jun. 30, 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 June 30, 2015 and September 30, 2014: Fair Value Measurements As of June 30 , 2015 Securities owned at fair value Level 1 Level 2 Level 3 Total Corporate stocks $ 63,000 - - $ 63,000 Municipal bonds 1,183,000 - - 1,183,000 Restricted stock and warrants - 248,000 - 248,000 $ 1,246,000 $ 248,000 $ - $ 1,494,000 Securities sold, not yet purchased at fair value Level 1 Level 2 Level 3 Total Corporate stocks $ 37,000 $ - $ - $ 37,000 Municipal bonds 212,000 - - 212,000 $ 249,000 $ - $ - $ 249,000 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	9 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 6. FIXED ASSETS Fixed assets as of June 30, 2015 and September 30, 2014 consist of the following: June 30, September 30, Estimated Useful 2015 2014 Lives Equipment $ 536,000 $ 339,000 5 Furniture and fixtures 160,000 139,000 5 Leasehold improvements 580,000 566,000 Lesser of useful life or term of lease Capital leases (primarily composed of computer equipment) 453,000 453,000 5 1,729,000 1,497,000 Less accumulated depreciation and amortization (983,000 ) (745,000 ) Fixed assets – net $ 746,000 $ 752,000 Depreciation and amortization expense associated with fixed assets for the nine months ended June 30, 2015 and 2014 was $238,000 and $295,000, respectively.

Note 7 - Business Combination

Note 7 - Business Combination	9 Months Ended
	Jun. 30, 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 acquisition 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. During the three and nine months ended June 30, 2015, the estimated fair value of the liability was increased by $8,000 which was included in other administrative expenses. 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 payment 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 acquisition, their carrying amount as of June 30, 2015 and their estimated useful lives: Intangible asset Fair Value Accumulated Amortization Carrying Value Estimated Useful Life (years) Customer relationships $ 6,969,000 $ 1,126,000 $ 5,843,000 7&10 Non-compete 296,000 253,000 43,000 2 Brands 1,654,000 - 1,654,000 Indefinite $ 8,919,000 $ 1,379,000 $ 7,540,000 Amortization expense associated with intangible assets for the nine months ended June 30, 2015 and 2014 was $624,000 and $558,000, 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 $ 208,000 2016 730,000 2017 716,000 2018 716,000 2019 716,000 Thereafter 2,800,000 Total $ 5,886,000 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) Nine Month Period Ended June 30, 2014 Revenues $ 142,146,000 Net income $ 5,588,000 Basic earnings per share $ 0.45 Diluted earnings per share $ 0.45 Weighted number of shares outstanding – Basic 12,397,338 Weighted number of shares outstanding – Diluted 12,549,901 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 O

Note 8 - Accounts Payable and Other Liabilities	9 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 8. ACCOUNTS PAYABLE AND OTHER LIABILITIES Accounts payable and accrued expenses as of June 30, 2015 and September 30, 2014 consist of the following: June 30, September 30, 2015 2014 Federal and state income tax $ - $ 732,000 Legal 960,000 911,000 Audit 372,000 294,000 Telecommunications 199,000 240,000 Data services 346,000 387,000 Regulatory 422,000 838,000 Settlements 426,000 440,000 Deferred rent 58,000 160,000 Contingent consideration payable 577,000 - Other 2,321,000 1,713,000 Total $ 5,681,000 $ 5,715,000

Note 9 - Per Share Data

Note 9 - Per Share Data	9 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 9. PER SHARE DATA 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. 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 Nine Month Period Ended June 30, June 30, 2015 2014 2015 2014 Numerator: Net income $ 149,000 $ 1,707,000 $ 783,000 $ 6,225,000 Denominator: Denominator for basic earnings per share-weighted average shares 12,446,365 12,324,689 12,446,365 12,208,449 Effect of dilutive securities: Options 8,284 60,000 18,912 28,200 Warrants - 5,076 - - Unvested restricted stock units 36,521 124,363 30,198 124,363 Denominator for diluted earnings per share-adjusted weighted-average shares 12,491,170 12,514,128 12,495,475 12,361,012 Net income per share: Basic $ 0.01 $ 0.14 $ 0.06 $ 0.51 Diluted $ 0.01 $ 0.14 $ 0.06 $ 0.50 The following potential common share equivalents are not included in the above diluted computation because to do so would be anti-dilutive: Three and Nine Month Periods Ended June 30, 2015 2014 Options 1,328,000 640,000 Warrants 64,676 89,676 1,392,676 729,676

Note 10 - Off Balance Sheet Ris

Note 10 - Off Balance Sheet Risk and Concentration of Credit Risk	9 Months Ended
	Jun. 30, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 10. OFF BALANCE SHEET RISK AND CONCENTRATION OF CREDIT RISK The Company through its subsidiaries 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 Clearing brokers are used to process transactions and maintain customer accounts on a fee basis for the Company. Clearing firms extend credit to the Company's 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 Guidan

Note 11 - New Accounting Guidance	9 Months Ended
	Jun. 30, 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. In August 2015, the FASB extended the effective date by a year. The Company is currently evaluating the potential impact of this standard on its financial position and results of operations.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	9 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 12. COMMITMENTS AND CONTINGENCIES Leases The Company leases office space in various states expiring at various dates through April 2025, and as of June 30, 2015, is committed under operating leases for future minimum lease payments as follows: Fiscal Year Ending Rental Expense Less, Sublease Income Net 2015 $ 870,000 $ 34,000 $ 836,000 2016 2,902,000 136,000 2,766,000 2017 2,145,000 80,000 2,065,000 2018 1,497,000 - 1,497,000 2019 805,000 - 805,000 Thereafter 1,419,000 - 1,419,000 $ 9,638,000 $ 250,000 $ 9,388,000 The total amount of rent payable under the leases is recognized on a straight line basis over the term of the leases. As of June 30, 2015 and September 30, 2014, the Company has recognized deferred rent payable of $58,000 and $160,000, respectively, which is included in “Accounts payable and other liabilities” in the condensed consolidated statements of financial condition. Rental expense under all operating leases for the nine months ended June 30, 2015 and June 30, 2014 was $2,973,000 and $2,929,000 respectively. Sublease income under all operating subleases for the nine months ended June 30, 2015 and 2014 was approximately $204,000 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 $31,500,000. 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 June 30, 2015 and September 30, 2014, the Company accrued approximately $635,000 and $440,000, respectively, for legal fees and potential settlements for these matters, which are included in "Accounts payable and other liabilities" in the condensed consolidated statements of financial condition. The Company has included in "Professional fees" litigation and FINRA related expenses of $566,000 and $274,000 for the three months ended June 30, 2015 and 2014, respectively, and for the nine months ended June 30, 2015 and 2014, $1,466,000 and $852,000, respectively.

Note 13 - Related Party Transac

Note 13 - Related Party Transactions	9 Months Ended
	Jun. 30, 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 nine months ended June 30, 2015 and 2014 amounted to compensation of $58,000 and $96,000, respectively. Additionally, Mr. Fagenson’s daughter, Stephanie Fagenson, is employed by NSC as Director of Corporate Access and receives an annual base salary of $90,000 in fiscal 2015 and received an annual base salary of $72,000 in fiscal 2014.

Note 14 - Net Capital Requireme

Note 14 - Net Capital Requirements	9 Months Ended
	Jun. 30, 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 June 30, 2015, National Securities had net capital of $7,735,270 which was $7,485,270 in excess of its required net capital of $250,000. National Securities is exempt from the provisions of the SEC's Rule 15c3-3 since it is an introducing broker-dealer that clears all transactions on a fully disclosed basis and promptly transmits all customer funds and securities to clearing brokers. vFinance Investments is also 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 June 30, 2015, vFinance Investments had net capital of $2,531,108 which was $1,531,108 in excess of its required net capital of $1,000,000. vFinance Investments percentage of aggregate indebtedness to net capital was 175.1%. vFinance Investments is exempt from the provisions of the SEC's Rule 15c3-3 since it is an introducing broker-dealer that clears all transactions on a fully disclosed basis and promptly transmits all customer funds and securities to clearing brokers. 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 Compensat

Note 15 - Stock Based Compensation	9 Months Ended
	Jun. 30, 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 nine months ended June 30, 2015 and 2014, the Company recorded stock based compensation expense, related to restricted stock units of $158,000 and $179,000, respectively. A summary of the Company's non-vested restricted stock units for the nine months ended June 30, 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 (1,692 ) $ 6.71 Non-vested restricted stock units at June 30, 2015 56,098 $ 3.75 *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 June 30, 2015, there was $53,000 of unrecognized compensation expense related to unvested restricted stock units, which is expected to be recognized in the fourth quarter of fiscal 2015. Stock Options Information with respect to stock option activity during the nine months ended June 30, 2015 follows: Options Weighted Weighted Weighted Aggregate Outstanding at September 30, 2014 1,218,000 $ 6.40 $ 1.00 4.69 $ 104,000 Granted 180,000 $ 5.50 $ 1.80 7.98 Forfeited or expired (10,000 ) $ 5.00 $ 2.30 8.30 Outstanding at June 30, 2015 1,388,000 $ 6.32 $ 1.12 4.44 $ 26,400 Vested and exercisable at June 30, 2015 1,258,000 $ 6.39 $ 1.05 4.09 $ 26,400 During the nine months ended June 30, 2015 and 2014 the Company recognized compensation expense of $312,000 and $466,000, respectively, related to stock options, and had approximately $193,000 of unamortized compensation costs related to non-vested options, which will be recognized in the fourth quarter of fiscal 2015. Warrants There were 64,676 warrants outstanding at June 30, 2015, all of which were exercisable, had an exercise price of $5.00 and expired unexercised in July 2015. In June 2015, 25,000 warrants with an exercise price of $5.00 expired unexercised.

Note 16 - Share Repurchase

Note 16 - Share Repurchase	9 Months Ended
	Jun. 30, 2015
Share Repurchase Agreements [Abstract]
Share Repurchase Agreements [Text Block]	NOTE 16. SHARE REPURCHASE In August 2015, the Company’s Board of Directors authorized the repurchase of up to $2 million of the Company’s common stock. Share repurchases, if any, will be made using a variety of methods, which may include open market purchases, privately negotiated transactions or block trades, or any combination of such methods, in accordance with applicable insider trading and other securities laws and regulations.

Note 17 - Income Taxes

Note 17 - Income Taxes	9 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 17. 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 for the three and nine-month periods ended June 30, 2015 is based on the estimated annual effective tax rate. The effective tax rate for the three and nine month period ended June 30, 2015 differs from the federal statutory income tax rate principally due to non-deductible expenses and state and local income taxes. The effective tax rate for the three and nine-month periods ended June 30, 2014 differs significantly from the federal statutory income tax rate, primarily due to utilization of net operating loss carryforwards, for which valuation allowances had previously been provided. At June 30, 2015, the Company had a net deferred tax asset of $11,305,000, 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 18 - Segment Information

Note 18 - Segment Information	9 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 18. SEGMENT INFORMATION The Company has two reportable segments. The brokerage and advisory services segment includes broker-dealer and investment advisory services, the 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. The Corporate pre-tax loss consists of certain expenses that have not been allocated to reportable segments. Segment information for the three and nine months ended June 30, 2015 and 2014 is as follows: Brokerage and Advisory Services Tax and Accounting Services Corporate Total Three Months Ended June 30 , 2015 Revenues $ 39,577,000 $ 2,758,000 $ - $ 42,335,000 Pre-tax income (loss) 916,000 837,000 (1,396,000 ) (a) 357,000 Assets 43,077,000 3,946,000 18,038,000 (b) 65,061,000 Depreciation and amortization 202,000 22,000 70,000 294,000 Interest 1,000 - 5,000 6,000 Capital expenditures - 15,000 6,000 21,000 2014 Revenues $ 43,899,000 $ 2,729,000 $ - $ 46,628,000 Pre-tax income (loss) 2,379,000 656,000 (1,299,000 ) (a) 1,736,000 Assets 30,568,000 19,057,000 1,293,000 (c) 50,918,000 Depreciation and amortization 69,000 - 222,000 291,000 Interest 4,000 2,000 - 6,000 Capital expenditures 58,000 - - 58,000 Brokerage and Advisory Services Tax and A ccounting Services Corporate Total Nine Months Ended June 30 , 2015 Revenues $ 119,166,000 $ 7,285,000 $ - $ 126,451,000 Pre-tax income (loss) 3,153,000 1,409,000 (3,153,000 ) (a) 1,409,000 Assets 43,077,000 3,946,000 18,038,000 (b) 65,061,000 Depreciation and amortization 522,000 41,000 299,000 862,000 Interest 7,000 1,000 4,000 12,000 Capital expenditures 199,000 27,000 6,000 232,000 2014 Revenues $ 133,711,000 $ 6,831,000 $ - $ 140,542,000 Pre-tax income (loss) 9,240,000 781,000 (3,525,000 ) (a) 6,496,000 Assets 30,568,000 19,057,000 1,293,000 (c) 50,918,000 Depreciation and amortization 202,000 - 651,000 853,000 Interest 18,000 5,000 6,000 29,000 Capital expenditures 130,000 - - 130,000 (a) Consists of executive salaries and other expenses not allocated to reportable segments. (b) Consists principally of deferred tax asset. (c) Consists principally of cash.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Jun. 30, 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. In August 2015, the FASB extended the effective date by a year. The Company is currently evaluating the potential impact of this standard on its financial position and results of operations.

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Tables)	9 Months Ended
	Jun. 30, 2015
Disclosure Text Block [Abstract]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	For the Three Months Ended For the Nine Months Ended June 30, 2014 June 30, 2014 As previously As previously Reported As Revised Reported As Revised Total revenues $ 46,602,000 $ 46,628,000 $ 141,081,000 $ 140,542,000 Total operating expenses 45,191,000 44,892,000 135,504,000 134,046,000 Income before income taxes 1,411,000 1,736,000 5,577,000 6,496,000 Income taxes 29,000 29,000 271,000 271,000 Net income $ 1,382,000 $ 1,707,000 $ 5,306,000 $ 6,225,000 Net income per share attributable to common stockholders Basic $ 0.11 $ 0.14 $ 0.43 $ 0.51 Diluted $ 0.11 $ 0.14 $ 0.43 $ 0.50

Note 4 - Forgivable Loans Rec28

Note 4 - Forgivable Loans Receivable (Tables)	9 Months Ended
	Jun. 30, 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 1,096,000 Amortization (262,000 ) Repayments (95,000 ) Balance, June 30, 2015 $ 1,401,000

Note 5 - Securities Owned and29

Note 5 - Securities Owned and Securities Sold, But Not Yet Purchased at Fair Value (Tables)	9 Months Ended
	Jun. 30, 2015
Investment Holdings [Abstract]
Schedule of Securities Owned and Sold, Not yet Purchased, at Fair Value [Table Text Block]	As of June 30 , 2015 Securities owned at fair value Level 1 Level 2 Level 3 Total Corporate stocks $ 63,000 - - $ 63,000 Municipal bonds 1,183,000 - - 1,183,000 Restricted stock and warrants - 248,000 - 248,000 $ 1,246,000 $ 248,000 $ - $ 1,494,000 Securities sold, not yet purchased at fair value Level 1 Level 2 Level 3 Total Corporate stocks $ 37,000 $ - $ - $ 37,000 Municipal bonds 212,000 - - 212,000 $ 249,000 $ - $ - $ 249,000 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)	9 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	June 30, September 30, Estimated Useful 2015 2014 Lives Equipment $ 536,000 $ 339,000 5 Furniture and fixtures 160,000 139,000 5 Leasehold improvements 580,000 566,000 Lesser of useful life or term of lease Capital leases (primarily composed of computer equipment) 453,000 453,000 5 1,729,000 1,497,000 Less accumulated depreciation and amortization (983,000 ) (745,000 ) Fixed assets – net $ 746,000 $ 752,000

Note 7 - Business Combination (

Note 7 - Business Combination (Tables)	9 Months Ended
	Jun. 30, 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 $ 1,126,000 $ 5,843,000 7&10 Non-compete 296,000 253,000 43,000 2 Brands 1,654,000 - 1,654,000 Indefinite $ 8,919,000 $ 1,379,000 $ 7,540,000
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year ending September 30, 2015 $ 208,000 2016 730,000 2017 716,000 2018 716,000 2019 716,000 Thereafter 2,800,000 Total $ 5,886,000
Business Acquisition, Pro Forma Information [Table Text Block]	(Unaudited) Nine Month Period Ended June 30, 2014 Revenues $ 142,146,000 Net income $ 5,588,000 Basic earnings per share $ 0.45 Diluted earnings per share $ 0.45 Weighted number of shares outstanding – Basic 12,397,338 Weighted number of shares outstanding – Diluted 12,549,901

Note 8 - Accounts Payable and32

Note 8 - Accounts Payable and Other Liabilities (Tables)	9 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	June 30, September 30, 2015 2014 Federal and state income tax $ - $ 732,000 Legal 960,000 911,000 Audit 372,000 294,000 Telecommunications 199,000 240,000 Data services 346,000 387,000 Regulatory 422,000 838,000 Settlements 426,000 440,000 Deferred rent 58,000 160,000 Contingent consideration payable 577,000 - Other 2,321,000 1,713,000 Total $ 5,681,000 $ 5,715,000

Note 9 - Per Share Data (Tables

Note 9 - Per Share Data (Tables)	9 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Month Period Ended Nine Month Period Ended June 30, June 30, 2015 2014 2015 2014 Numerator: Net income $ 149,000 $ 1,707,000 $ 783,000 $ 6,225,000 Denominator: Denominator for basic earnings per share-weighted average shares 12,446,365 12,324,689 12,446,365 12,208,449 Effect of dilutive securities: Options 8,284 60,000 18,912 28,200 Warrants - 5,076 - - Unvested restricted stock units 36,521 124,363 30,198 124,363 Denominator for diluted earnings per share-adjusted weighted-average shares 12,491,170 12,514,128 12,495,475 12,361,012 Net income per share: Basic $ 0.01 $ 0.14 $ 0.06 $ 0.51 Diluted $ 0.01 $ 0.14 $ 0.06 $ 0.50
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three and Nine Month Periods Ended June 30, 2015 2014 Options 1,328,000 640,000 Warrants 64,676 89,676 1,392,676 729,676

Note 12 - Commitments and Con34

Note 12 - Commitments and Contingencies (Tables)	9 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Fiscal Year Ending Rental Expense Less, Sublease Income Net 2015 $ 870,000 $ 34,000 $ 836,000 2016 2,902,000 136,000 2,766,000 2017 2,145,000 80,000 2,065,000 2018 1,497,000 - 1,497,000 2019 805,000 - 805,000 Thereafter 1,419,000 - 1,419,000 $ 9,638,000 $ 250,000 $ 9,388,000

Note 15 - Stock Based Compens35

Note 15 - Stock Based Compensation (Tables)	9 Months Ended
	Jun. 30, 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 (1,692 ) $ 6.71 Non-vested restricted stock units at June 30, 2015 56,098 $ 3.75
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Options Weighted Weighted Weighted Aggregate Outstanding at September 30, 2014 1,218,000 $ 6.40 $ 1.00 4.69 $ 104,000 Granted 180,000 $ 5.50 $ 1.80 7.98 Forfeited or expired (10,000 ) $ 5.00 $ 2.30 8.30 Outstanding at June 30, 2015 1,388,000 $ 6.32 $ 1.12 4.44 $ 26,400 Vested and exercisable at June 30, 2015 1,258,000 $ 6.39 $ 1.05 4.09 $ 26,400

Note 18 - Segment Information (

Note 18 - Segment Information (Tables)	9 Months Ended
	Jun. 30, 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 June 30 , 2015 Revenues $ 39,577,000 $ 2,758,000 $ - $ 42,335,000 Pre-tax income (loss) 916,000 837,000 (1,396,000 ) (a) 357,000 Assets 43,077,000 3,946,000 18,038,000 (b) 65,061,000 Depreciation and amortization 202,000 22,000 70,000 294,000 Interest 1,000 - 5,000 6,000 Capital expenditures - 15,000 6,000 21,000 2014 Revenues $ 43,899,000 $ 2,729,000 $ - $ 46,628,000 Pre-tax income (loss) 2,379,000 656,000 (1,299,000 ) (a) 1,736,000 Assets 30,568,000 19,057,000 1,293,000 (c) 50,918,000 Depreciation and amortization 69,000 - 222,000 291,000 Interest 4,000 2,000 - 6,000 Capital expenditures 58,000 - - 58,000 Brokerage and Advisory Services Tax and A ccounting Services Corporate Total Nine Months Ended June 30 , 2015 Revenues $ 119,166,000 $ 7,285,000 $ - $ 126,451,000 Pre-tax income (loss) 3,153,000 1,409,000 (3,153,000 ) (a) 1,409,000 Assets 43,077,000 3,946,000 18,038,000 (b) 65,061,000 Depreciation and amortization 522,000 41,000 299,000 862,000 Interest 7,000 1,000 4,000 12,000 Capital expenditures 199,000 27,000 6,000 232,000 2014 Revenues $ 133,711,000 $ 6,831,000 $ - $ 140,542,000 Pre-tax income (loss) 9,240,000 781,000 (3,525,000 ) (a) 6,496,000 Assets 30,568,000 19,057,000 1,293,000 (c) 50,918,000 Depreciation and amortization 202,000 - 651,000 853,000 Interest 18,000 5,000 6,000 29,000 Capital expenditures 130,000 - - 130,000

Note 1 - Basis of Presentatio37

Note 1 - Basis of Presentation (Details)	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2015	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2014USD ($)
Reverse Stock Split [Member]
Note 1 - Basis of Presentation (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	10
Gilman [Member]
Note 1 - Basis of Presentation (Details) [Line Items]
Goodwill, Purchase Accounting Adjustments		$ 2,066,000
Increase (Decrease) in Intangible Assets, Current			$ 325,000	$ 919,000

Note 1 - Basis of Presentatio38

Note 1 - Basis of Presentation (Details) - Prior Period Adjustments - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total revenues	$ 42,335,000	$ 46,628,000	$ 126,451,000	$ 140,542,000
Total operating expenses	41,978,000	44,892,000	125,042,000	134,046,000
Income before income taxes	357,000	1,736,000	1,409,000	6,496,000
Income taxes	208,000	29,000	626,000	271,000
Net income	$ 149,000	$ 1,707,000	$ 783,000	$ 6,225,000
Net income per share attributable to common stockholders
Basic (in Dollars per share)	$ 0.01	$ 0.14	$ 0.06	$ 0.51
Diluted (in Dollars per share)	$ 0.01	$ 0.14	$ 0.06	$ 0.50
Scenario, Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total revenues		$ 46,602,000		$ 141,081,000
Total operating expenses		45,191,000		135,504,000
Income before income taxes		1,411,000		5,577,000
Income taxes		29,000		271,000
Net income		$ 1,382,000		$ 5,306,000
Net income per share attributable to common stockholders
Basic (in Dollars per share)		$ 0.11		$ 0.43
Diluted (in Dollars per share)		$ 0.11		$ 0.43

Note 3 - Receivables from Bro39

Note 3 - Receivables from Broker-Dealers and Clearing Organizations and Other Receivables (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Receivables from Brokers-Dealers and Clearing Organizations	$ 4,158,000	$ 4,985,000
Premiums and Other Receivables, Net	4,476,000	3,998,000
Allowance for Doubtful Accounts Receivable, Current	$ 679,000	$ 336,000

Note 4 - Forgivable Loans Rec40

Note 4 - Forgivable Loans Receivable (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Note 4 - Forgivable Loans Receivable (Details) [Line Items]
Forgiveness of Loans	$ 262,000	$ 166,000
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 Rec41

Note 4 - Forgivable Loans Receivable (Details) - Forgivable Loan Activity	9 Months Ended
	Jun. 30, 2015USD ($)
Investments in and Advances to Affiliates [Line Items]
Balance	$ 3,998,000
Balance	4,476,000
Advances to Registered Representatives [Member]
Investments in and Advances to Affiliates [Line Items]
Balance	662,000
Additions	1,096,000
Amortization	(262,000)
Repayments	(95,000)
Balance	$ 1,401,000

Note 5 - Securities Owned and42

Note 5 - Securities Owned and Securities Sold, But Not Yet Purchased at Fair Value (Details) - Fair Value Measurements - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	$ 1,494,000	$ 1,061,000
Securities sold, but not yet purchased at fair value	249,000
Corporate Stocks [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	63,000	256,000
Municipal Bonds [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	1,183,000	696,000
Restricted Stock [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	248,000	109,000
Corporate Stocks [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities sold, but not yet purchased at fair value	37,000	55,000
Municipal Bonds [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities sold, but not yet purchased at fair value	212,000
Fair Value, Inputs, Level 1 [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	1,246,000	952,000
Securities sold, but not yet purchased at fair value	249,000
Fair Value, Inputs, Level 1 [Member] | Corporate Stocks [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	63,000	256,000
Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	1,183,000	696,000
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	37,000	55,000
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	212,000
Fair Value, Inputs, Level 2 [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	248,000	109,000
Fair Value, Inputs, Level 2 [Member] | Restricted Stock [Member]
Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]
Securities owned at fair value	$ 248,000	$ 109,000

Note 6 - Fixed Assets (Details)

Note 6 - Fixed Assets (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation	$ 238,000	$ 295,000

Note 6 - Fixed Assets (Detail44

Note 6 - Fixed Assets (Details) - Fixed Assets - USD ($)	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 1,729,000	$ 1,497,000
Less accumulated depreciation and amortization	(983,000)	(745,000)
Fixed assets – net	746,000	752,000
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 536,000	339,000
Estimated useful lives	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 160,000	139,000
Estimated useful lives	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 580,000	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 Combination45

Note 7 - Business Combination (Details) - USD ($)	Oct. 15, 2013	Feb. 28, 2015	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Note 7 - Business Combination (Details) [Line Items]
Business Combination, Contingent Consideration, Liability			$ 569,000	$ 569,000
Proceeds from Issuance of Private Placement	$ 3,016,000
Amortization of Intangible Assets				624,000	$ 558,000
Private Placement [Member]
Note 7 - Business Combination (Details) [Line Items]
Sale of Stock, Number of Shares Issued in Transaction (in Shares)	1,058,333
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
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			$ 8,000	$ 8,000
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
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

Note 7 - Business Combination46

Note 7 - Business Combination (Details) - Assets Acquired and Liabilities Assumed - USD ($)	Jun. 30, 2015	Sep. 30, 2014	Oct. 15, 2013
Assets
Goodwill	$ 6,531,000	$ 6,531,000
Gilman Ciocia Inc [Member]
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

Note 7 - Business Combination47

Note 7 - Business Combination (Details) - Intangible Assets Subject to Amortization - Jun. 30, 2015 - USD ($)	Total
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 8,919,000
Accumulated Amortization	1,379,000
Carrying Value	7,540,000
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	6,969,000
Accumulated Amortization	1,126,000
Carrying Value	5,843,000
Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	296,000
Accumulated Amortization	253,000
Carrying Value	$ 43,000
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
Minimum [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	7 years
Maximum [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	10 years

Note 7 - Business Combination48

Note 7 - Business Combination (Details) - Intangible Assets Estimated Future Amortization Expense	Jun. 30, 2015USD ($)
Note 7 - Business Combination (Details) - Intangible Assets Estimated Future Amortization Expense [Line Items]
Total	$ 7,540,000
Gilman Ciocia Inc [Member]
Note 7 - Business Combination (Details) - Intangible Assets Estimated Future Amortization Expense [Line Items]
2,015	208,000
2,016	730,000
2,017	716,000
2,018	716,000
2,019	716,000
Thereafter	2,800,000
Total	$ 5,886,000

Note 7 - Business Combination49

Note 7 - Business Combination (Details) - Pro Forma Consolidated Results of Operations - 9 months ended Jun. 30, 2014 - Gilman Ciocia Inc [Member] - USD ($)	Total
Note 7 - Business Combination (Details) - Pro Forma Consolidated Results of Operations [Line Items]
Revenues	$ 142,146,000
Net income	$ 5,588,000
Basic earnings per share	$ 0.45
Diluted earnings per share	$ 0.45
Weighted number of shares outstanding – Basic	12,397,338
Weighted number of shares outstanding – Diluted	12,549,901

Note 8 - Accounts Payable and50

Note 8 - Accounts Payable and Other Liabilities (Details) - Accounts Payable and Accrued Expenses - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Note 8 - Accounts Payable and Other Liabilities (Details) - Accounts Payable and Accrued Expenses [Line Items]
Federal and state income tax		$ 732,000
Telecommunications	$ 199,000	240,000
Data services	346,000	387,000
Regulatory	422,000	838,000
Settlements	426,000	440,000
Deferred rent	58,000	160,000
Contingent consideration payable	569,000
Other	2,321,000	1,713,000
Total	5,681,000	5,715,000
Legal Fees [Member]
Note 8 - Accounts Payable and Other Liabilities (Details) - Accounts Payable and Accrued Expenses [Line Items]
Professional Fees	960,000	911,000
Audit Fees [Member]
Note 8 - Accounts Payable and Other Liabilities (Details) - Accounts Payable and Accrued Expenses [Line Items]
Professional Fees	$ 372,000	$ 294,000

Note 9 - Per Share Data (Detail

Note 9 - Per Share Data (Details) - Basic Net Loss Per Share - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator:
Net income (in Dollars)	$ 149,000	$ 1,707,000	$ 783,000	$ 6,225,000
Denominator:
Denominator for basic earnings per share-weighted average shares	12,446,365	12,324,689	12,446,365	12,208,449
Effect of dilutive securities:
Denominator for diluted earnings per share-adjusted weighted-average shares	12,491,170	12,514,128	12,495,475	12,361,012
Net income per share:
Basic (in Dollars per share)	$ 0.01	$ 0.14	$ 0.06	$ 0.51
Diluted (in Dollars per share)	$ 0.01	$ 0.14	$ 0.06	$ 0.50
Dilutive Options [Member]
Effect of dilutive securities:
Dilutive securities	8,284	60,000	18,912	28,200
Warrant [Member]
Effect of dilutive securities:
Warrants		5,076
Restricted Stock Units (RSUs) [Member]
Effect of dilutive securities:
Dilutive securities	36,521	124,363	30,198	124,363

Note 9 - Per Share Data (Deta52

Note 9 - Per Share Data (Details) - Anti-Dilutive Common Shares - Weighted Average [Member] - shares	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	1,392,676	729,676
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	1,328,000	640,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	64,676	89,676

Note 12 - Commitments and Con53

Note 12 - Commitments and Contingencies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Note 12 - Commitments and Contingencies (Details) [Line Items]
Deferred Rent Credit	$ 58,000		$ 58,000		$ 160,000
Operating Leases, Rent Expense			2,973,000	$ 2,929,000
Operating Leases, Income Statement, Sublease Revenue			204,000	28,000
Accounts Payable and Accrued Liabilities [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Deferred Rent Credit	58,000		58,000		160,000
Pending and Threatend Litigation [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Loss Contingency, Damages Sought, Value			31,500,000
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	635,000		635,000		$ 440,000
Professional Fees1 [Member] | Pending and Threatend Litigation [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Legal Fees	$ 566,000	$ 274,000	$ 1,466,000	$ 852,000

Note 12 - Commitments and Con54

Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments	Mar. 31, 2015USD ($)
Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments [Line Items]
2,015	$ 34,000
2,016	136,000
2,017	80,000
	250,000
Gross Payments [Member]
Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments [Line Items]
2,015	870,000
2,016	2,902,000
2,017	2,145,000
2,018	1,497,000
2,019	805,000
Thereafter	1,419,000
	9,638,000
Net of Sublease Income [Member]
Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments [Line Items]
2,015	836,000
2,016	2,766,000
2,017	2,065,000
2,018	1,497,000
2,019	805,000
Thereafter	1,419,000
	$ 9,388,000

Note 13 - Related Party Trans55

Note 13 - Related Party Transactions (Details) - USD ($)	9 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Contractor Agreement [Member] | Chief Executive Officer [Member]
Note 13 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Rate	50.00%
Related Party Transaction, Amounts of Transaction	$ 58,000	$ 96,000
Salary [Member] | Immediate Family Member of Management or Principal Owner [Member]
Note 13 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	$ 90,000		$ 72,000

Note 14 - Net Capital Require56

Note 14 - Net Capital Requirements (Details) - Jun. 30, 2015	USD ($)
National Securities [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Net Capital	$ 7,735,270
Alternative Excess Net Capital	7,485,270
National Securities [Member] | SEC Requirement [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Minimum Net Capital Required	250,000
vFinance Investments [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Net Capital	2,531,108
Alternative Excess Net Capital	$ 1,531,108
Capital Required to be Well Capitalized to Risk Weighted Assets	175.10%
vFinance Investments [Member] | SEC Requirement [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Minimum Net Capital Required	$ 1,000,000
Maximum [Member] | vFinance Investments [Member]
Note 14 - Net Capital Requirements (Details) [Line Items]
Ratio of Indebtedness to Net Capital	15

Note 15 - Stock Based Compens57

Note 15 - Stock Based Compensation (Details) - USD ($)	1 Months Ended	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Note 15 - Stock Based Compensation (Details) [Line Items]
Class of Warrant or Right, Outstanding (in Shares)	64,676	64,676
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$ 5	$ 5
Class of Warrant or Right, Cancelled or Exchanged in Period (in Shares)	25,000
Restricted Stock Units (RSUs) [Member]
Note 15 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		$ 158,000	$ 179,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	53,000	53,000
Employee Stock Option [Member]
Note 15 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		$ 312,000	$ 466,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 193,000	$ 193,000

Note 15 - Stock Based Compens58

Note 15 - Stock Based Compensation (Details) - Nonvested Restricted Stock Unit Activity - 9 months ended Jun. 30, 2015 - $ / shares		Total
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	[1]	$ 4.38
Forfeited		(1,692)
Forfeited	[1]	$ 6.71
Non-vested restricted stock units, shares		56,098
Non-vested restricted stock units, weighted average grant due fair value	[1]	$ 3.75
[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 Compens59

Note 15 - Stock Based Compensation (Details) - Stock Option Activity - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Stock Option Activity [Abstract]
Outstanding at September 30, 2014 (in Shares)	1,388,000	1,218,000
Outstanding at September 30, 2014	$ 6.32	$ 6.40
Outstanding at September 30, 2014	$ 1.12	$ 1
Outstanding at September 30, 2014	4 years 160 days	4 years 251 days
Outstanding at September 30, 2014 (in Dollars)	$ 26,400	$ 104,000
Granted (in Shares)	180,000
Granted	$ 5.50
Granted	$ 1.80
Granted	7 years 357 days
Forfeited or expired (in Shares)	(10,000)
Forfeited or expired	$ 5
Forfeited or expired (in Dollars)	$ 2.30
Forfeited or expired	8 years 109 days
Outstanding at June 30, 2015 (in Shares)	1,388,000	1,218,000
Outstanding at June 30, 2015	$ 6.32	$ 6.40
Outstanding at June 30, 2015	$ 1.12	$ 1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	4 years 160 days	4 years 251 days
Outstanding at June 30, 2015 (in Dollars)	$ 26,400	$ 104,000
Vested and exercisable at June 30, 2015 (in Shares)	1,258,000
Vested and exercisable at June 30, 2015	$ 6.39
Vested and exercisable at June 30, 2015 (in Dollars)	$ 1.05
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	4 years 32 days
Vested and exercisable at June 30, 2015 (in Dollars)	$ 26,400

Note 16 - Share Repurchase (Det

Note 16 - Share Repurchase (Details) $ in Millions	Aug. 13, 2015USD ($)
Subsequent Event [Member]
Note 16 - Share Repurchase (Details) [Line Items]
Stock Repurchase Program, Authorized Amount	$ 2

Note 17 - Income Taxes (Details

Note 17 - Income Taxes (Details)	Jun. 30, 2015USD ($)
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Net of Valuation Allowance	$ 11,305,000

Note 18 - Segment Information62

Note 18 - Segment Information (Details)	9 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Number of Reportable Segments	2

Note 18 - Segment Information63

Note 18 - Segment Information (Details) - Segment Information - USD ($)		3 Months Ended				9 Months Ended
		Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015		Jun. 30, 2014		Sep. 30, 2014
2,015
Revenues		$ 42,335,000		$ 46,628,000		$ 126,451,000		$ 140,542,000
Pre-tax income (loss)		357,000		1,736,000		1,409,000		6,496,000
Identifiable assets		65,061,000		50,918,000		65,061,000		50,918,000		$ 64,793,000
Depreciation and amortization		294,000		291,000		862,000		854,000
Interest		6,000		6,000		12,000		29,000
Capital expenditures		232,000		58,000		232,000		130,000
Corporate, Non-Segment [Member]
2,015
Pre-tax income (loss)	[1]	(1,396,000)		(1,299,000)		(3,153,000)		(3,525,000)
Identifiable assets		18,038,000	[2]	1,293,000	[3]	18,038,000	[2]	1,293,000	[3]
Depreciation and amortization		70,000		222,000		299,000		651,000
Interest		5,000				4,000		6,000
Capital expenditures		6,000				6,000
Brokerage and Advisory Service [Member] | Operating Segments [Member]
2,015
Revenues		39,577,000		43,899,000		119,166,000		133,711,000
Pre-tax income (loss)		916,000		2,379,000		3,153,000		9,240,000
Identifiable assets		43,077,000		30,568,000		43,077,000		30,568,000
Depreciation and amortization		202,000		69,000		522,000		202,000
Interest		1,000		4,000		7,000		18,000
Capital expenditures		199,000		58,000				130,000
Tax and Accounting Services [Member] | Operating Segments [Member]
2,015
Revenues		2,758,000		2,729,000		7,285,000		6,831,000
Pre-tax income (loss)		837,000		656,000		1,409,000		781,000
Identifiable assets		3,946,000		19,057,000		3,946,000		19,057,000
Depreciation and amortization		22,000				41,000
Interest				$ 2,000		1,000		$ 5,000
Capital expenditures		$ 27,000				$ 15,000
[1]	Consists of executive salaries and other expenses not allocated to reportable segments.
[2]	Consists principally of deferred tax asset.
[3]	Consists principally of cash.