National (NHLD) 10-K/A 17 Jan 18 2017 FY Annual report (amended) Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2017	Nov. 30, 2017	Mar. 31, 2017
Document Information [Line Items]
Entity Registrant Name	NATIONAL HOLDINGS CORP
Entity Central Index Key	1,023,844
Trading Symbol	nhld
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		12,437,916
Entity Public Float			$ 6,589,980
Document Type	10-K/A
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	true
Amendment Description	Amendment #1

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Sep. 30, 2017	Sep. 30, 2016
ASSETS
Cash	$ 23,508,000	$ 21,694,000
Restricted cash	1,381,000	354,000
Cash deposits with clearing organizations	1,041,000	1,030,000
Securities owned, at fair value	7,102,000	2,357,000
Receivables from broker dealers and clearing organizations	2,850,000	3,357,000
Forgivable loans receivable	1,616,000	1,712,000
Other receivables, net	5,180,000	5,430,000
Prepaid expenses	2,490,000	1,910,000
Fixed assets, net	2,397,000	1,164,000
Intangible assets, net	4,843,000	5,704,000
Goodwill	5,217,000	6,531,000
Deferred tax asset, net	6,420,000	8,958,000
Other assets, principally refundable deposits	353,000	345,000
Total Assets	64,398,000	60,546,000
Liabilities
Securities sold, not yet purchased at fair value	151,000	298,000
Accrued commissions and payroll payable	10,065,000	11,940,000
Accounts payable and other accrued expenses	8,715,000	7,166,000
Deferred clearing and marketing credits	786,000	995,000
Warrants issued in 2017 and issuable in 2016	5,597,000	14,055,000
Other	181,000	319,000
Total Liabilities	25,495,000	34,773,000
Stockholders’ Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized; none outstanding
Common stock $0.02 par value, authorized 75,000,000 shares at September 30, 2017 and 150,000,000 shares at September 30, 2016; 12,437,916 shares issued and outstanding at September 30, 2017 and 2016	248,000	248,000
Additional paid-in-capital	66,955,000	66,353,000
Accumulated deficit	(28,315,000)	(40,843,000)
Total National Holdings Corporation Stockholders’ Equity	38,888,000	25,758,000
Non-controlling interest	15,000	15,000
Total Stockholders’ Equity	38,903,000	25,773,000
Total Liabilities and Stockholders’ Equity	$ 64,398,000	$ 60,546,000

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parentheticals) - $ / shares	Sep. 30, 2017	Sep. 30, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.02	$ 0.02
Common stock, shares authorized (in shares)	75,000,000	150,000,000
Common stock, shares issued (in shares)	12,437,916	12,437,916
Common stock, shares outstanding (in shares)	12,437,916	12,437,916

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Revenues
Commissions	$ 96,807,000	$ 95,942,000	$ 96,222,000
Net dealer inventory gains	15,108,000	9,929,000	10,512,000
Investment banking	44,595,000	34,937,000	21,004,000
Investment advisory	14,528,000	14,080,000	14,967,000
Interest and dividends	2,764,000	3,109,000	3,604,000
Transfer fees and clearing services	7,393,000	7,152,000	7,993,000
Tax preparation and accounting	7,439,000	8,294,000	8,248,000
Other	1,236,000	633,000	496,000
Total Revenues	189,870,000	174,076,000	163,046,000
Operating Expenses
Commissions, compensation and fees	155,187,000	151,057,000	139,452,000
Clearing fees	2,343,000	2,309,000	2,904,000
Communications	2,767,000	3,157,000	3,792,000
Occupancy	4,286,000	3,819,000	3,962,000
Licenses and registration	1,726,000	1,625,000	1,364,000
Professional fees	4,531,000	6,896,000	4,489,000
Interest	14,000	51,000	13,000
Depreciation and amortization	1,229,000	1,213,000	1,127,000
Other administrative expenses	9,819,000	6,418,000	5,465,000
Total Operating Expenses	181,902,000	176,545,000	162,568,000
Income (Loss) before Other Income and Income Taxes	7,968,000	(2,469,000)	478,000
Other Income
Gain on disposal of Gilman branches	137,000
Change in fair value of warrants	8,458,000
Other income	16,000
Total Other Income	8,611,000
Income (Loss) before Income Taxes	16,579,000	(2,469,000)	478,000
Income tax expense	4,051,000	3,090,000	193,000
Net Income (Loss)	$ 12,528,000	$ (5,559,000)	$ 285,000
Net income (loss) per share - Basic (in dollars per share)	$ 1.01	$ (0.45)	$ 0.02
Net income (loss) per share - Diluted (in dollars per share)	$ 1	$ (0.45)	$ 0.02
Weighted average number of shares outstanding - Basic (in shares)	12,437,916	12,435,923	12,464,496
Weighted average number of shares outstanding - Diluted (in shares)	12,472,541	12,435,923	12,502,254

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Sep. 30, 2014	12,458,488
Balance at Sep. 30, 2014	$ 249,000	$ 79,837,000	$ (35,569,000)	$ 15,000	$ 44,532,000
Stock-based compensation for stock options		391,000			391,000
Issuance of shares of common stock and related stock-based compensation for restricted stock units (in shares)	55,670
Issuance of shares of common stock and related stock-based compensation for restricted stock units	$ 1,000	198,000			199,000
Stock repurchase (in shares)	(46,643)
Stock repurchase	$ (1,000)	(144,000)			(145,000)
Net income (loss)			285,000		285,000
Balance (in shares) at Sep. 30, 2015	12,467,515
Balance at Sep. 30, 2015	$ 249,000	80,282,000	(35,284,000)	15,000	45,262,000
Stock-based compensation for stock options		202,000			202,000
Issuance of shares of common stock and related stock-based compensation for restricted stock units (in shares)	4,334
Issuance of shares of common stock and related stock-based compensation for restricted stock units		9,000			9,000
Stock repurchase (in shares)	(33,933)
Stock repurchase	$ (1,000)	(85,000)			(86,000)
Net income (loss)			(5,559,000)		(5,559,000)
Warrants issuable as dividend to stockholders (Note 19)		(14,055,000)			(14,055,000)
Balance (in shares) at Sep. 30, 2016	12,437,916
Balance at Sep. 30, 2016	$ 248,000	66,353,000	(40,843,000)	15,000	25,773,000
Net income (loss)			12,528,000		12,528,000
Stock-based compensation for restricted stock units		602,000			602,000
Balance (in shares) at Sep. 30, 2017	12,437,916
Balance at Sep. 30, 2017	$ 248,000	$ 66,955,000	$ (28,315,000)	$ 15,000	$ 38,903,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 12,528,000	$ (5,559,000)	$ 285,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Change in fair value of warrant liability	(8,458,000)
Depreciation and amortization	1,229,000	1,213,000	1,127,000
Amortization of forgivable loans	693,000	788,000	538,000
Stock-based compensation	602,000	211,000	590,000
Provision (recovery) for doubtful accounts	(191,000)	162,000	237,000
Deferred tax expense	2,538,000	2,704,000	263,000
Amortization of deferred clearing and marketing credit	(209,000)	(210,000)	(200,000)
Increase in fair value of contingent consideration	28,000	18,000	12,000
Write off of employee receivable			13,000
Impairment of intangible assets	50,000	894,000
Impairment of goodwill	961,000	0
Gain on disposal of Gilman branches	(137,000)
Changes in assets and liabilities
Restricted cash	(1,027,000)	(136,000)	(126,000)
Cash deposits with clearing organizations	(11,000)	(25,000)
Receivables from broker-dealers and clearing organizations	507,000	(279,000)	1,907,000
Forgivable loans receivable	(597,000)	(1,132,000)	(1,257,000)
Other receivables, net	1,117,000	(1,883,000)	52,000
Securities owned, at fair value	(4,745,000)	(1,470,000)	174,000
Prepaid expenses	(580,000)	(183,000)	(795,000)
Other assets	(8,000)	167,000	278,000
Accounts payable, accrued expenses and other liabilities	(924,000)	2,012,000	(2,933,000)
Deferred clearing costs			434,000
Securities sold, but not yet purchased at fair value	(147,000)	266,000	(23,000)
Net cash provided by (used in) operating activities	3,219,000	(2,442,000)	576,000
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of intangible asset	(19,000)
Purchase of fixed assets	(1,432,000)	(420,000)	(254,000)
Collection on notes receivable - disposal of Gilman branches	46,000
Net cash used in investing activities	(1,405,000)	(420,000)	(254,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of shares of common stock		(86,000)	(145,000)
Net cash used in financing activities		(86,000)	(145,000)
NET INCREASE (DECREASE) IN CASH	1,814,000	(2,948,000)	177,000
CASH BALANCE
Beginning of the year	21,694,000	24,642,000	24,465,000
End of the year	23,508,000	21,694,000	24,642,000
Cash paid during the year for:
Interest	14,000	51,000	13,000
Income taxes, net of refunds	2,399,000	104,000	1,238,000
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES
Fixed assets (acquired but not paid including capital leases of $287,000 in 2016)	240,000	512,000
Dividend payable in warrants		14,055,000
Business acquired:
Identifiable intangible asset acquired	211,000		569,000
Contingent consideration payable	(192,000)		(569,000)
Cash paid	19,000
Sale of Gilman branches:
Notes receivable (included in other receivables)	722,000
Disposal of goodwill	(353,000)
Disposal of intangible assets, net	(232,000)
Gain on disposal of Gilman branches	$ 137,000

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows (Parentheticals)	Sep. 30, 2016USD ($)
Capital lease obligations	$ 287,000

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1. National Holdings Corporation (“National” or the “Company”), a Delaware corporation organized in 1996, 1 2 3 4 The Company ’s wholly-owned subsidiary, National Asset Management, Inc. (“NAM”), is a federally-registered investment adviser providing asset management advisory services to retail clients for a fee based upon a percentage of assets managed. The Company ’s wholly-owned subsidiaries, National Insurance Corporation (“National Insurance”) and Prime Financial Services (“Prime Financial”), 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 Ciocia, Inc. (“Gilman”), provides tax preparation and accounting services to individuals and small to midsize companies. The Company ’s wholly-owned subsidiary, GC Capital Corporation (“GC”), provides licensed mortgage brokerage services in New York and Florida. On September 12, 2016, 19.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2. Principals of Consolidation The consolidated financial statements include the accounts of National and its wholly owned and majority owned subsidiaries. All significant inter -company accounts and transactions have been eliminated in consolidation. The non-controlling interest represents a 24.9% Variable Interest Entities The Company has entered into agreements to provide investment banking and advisory services to numerous entities that are variable interest entities (“VIEs”) under the accounting guidance. As the fee arrangements under such agreements are arm ’s-length and contain customary terms and conditions and represent compensation that is considered fair value for the services provided, the fee arrangements are not not $16,537,000 2017, $17,010,000 2016 $1,300,000 2015. Use of Estimates The preparation of these financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Revenue Recognition Commission revenue represents commissions generated by the Company ’s financial advisors for their clients’ purchases and sales of mutual funds, variable annuities, general securities and other financial products, most of which is paid to the advisors as commissions for initiating the transactions. Commission revenue is generated from front-end sales commissions that occur at the point of sale, as well as trailing commissions. The Company recognizes front-end sales commission revenue and related clearing and other expenses on transactions introduced to its clearing brokers on a trade date basis. The Company also recognizes front-end sales commissions and related expenses on transactions initiated directly between the financial advisors and product sponsors upon receipt of notification from sponsors of the commission earned. Commission revenue also includes 12b 1 ’ investment holdings in trail eligible assets. Because trail commission revenues are generally paid in arrears, management estimates commission revenues earned during each period. These estimates are based on a number of factors including investment holdings and the applicable commission rate and the amount of trail commission revenue received in prior periods. Estimates are subsequently adjusted to actual based on notification from the sponsors of trail commissions earned. Net dealer inventory gains, which are recorded on a trade-date basis, include realized and unrealized net gains and losses resulting from the Company ’s principal trading activities including equity-linked warrants received from investment banking activities. Investment banking revenues consist of underwriting revenues, advisory revenues and private placement fees. Underwriting revenues arise from securities offerings in which the Company acts as an underwriter and include management fees, selling concessions and underwriting fees, net of related syndicate expenses. Underwriting revenues are recorded at the time the underwriting is completed and the income is reasonably determined. Management estimates the Company ’s share of the transaction-related expenses incurred by the syndicate, and recognizes revenues net of such expense. On final settlement, typically within 90 Investment advisory fees are derived from account management and investment advisory services. These fees are determined based on a percentage of the customers assets under management, may Interest is recorded on an accrual basis and dividends are recorded on the ex-dividend date. Transfer fees and fees for clearing services, which are recorded on a trade date basis, are principally charged to the broker on customer security transactions. Tax preparation and accounting fees are recognized upon completion of the services. Income Taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to the difference between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for net operating loss and other carryforwards. Deferred tax assets and liabilities are measured, using enacted tax rates expected to apply in the years in which the differences are expected to be recovered or settled. A valuation allowance related to deferred tax assets is also recorded when it is more likely than not may not Securities Securities owned and securities sold, but not 9 Fixed Assets Fixed assets are recorded at cost. Depreciation is calculated using the straight-line method based on the estimated useful lives of the related assets (See Note 10 Fixed assets are reviewed for impairment whenever indicators of impairment exist. In such circumstances, the Company will estimate the future cash flows expected to result from the use of the asset and its eventual disposition. Future cash flows are the future cash inflows expected to be generated by an asset less the future outflows expected to be necessary to obtain those inflows. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount of the asset, the Company will recognize an impairment loss to adjust to the fair value of the asset. Net Income per Common Share Basic net income per share is computed on the basis of the weighted average number of common shares outstanding. Diluted net income per share is computed on the basis of the weighted average number of common shares 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. A reconciliation of basic and diluted common shares used in the computation of per share data follows: Year Ended September 30, 2017 2016 2015 Basic weighted-average shares 12,437,916 12,435,923 12,464,496 Effect of dilutive securities: Options 140 - 15,109 Unvested restricted stock units 34,485 - 22,649 Diluted weighted-average shares 12,472,541 12,435,923 12,502,254 The following potential common share equivalents are not Year Ended September 30, 2017 2016 2015 Options 1,207,000 1,221,500 1,328,000 Warrants 9,344,973 (a) 23,029 - Total 10,551,973 1,244,529 1,328,000 (a) As the warrants are out of the money, in the diluted computation, no Stock-based Compensation The Company measures the cost of employee, officer and director services received in exchange for an award of equity instruments including stock options and restricted stock units, based on the grant-date fair value of the award and measures the cost of independent contractor awards based on the vesting date fair value of the award. The cost is recognized as compensation expense over the service period, which would normally be the vesting period of the award. Deferred Clearing and Marketing Credits The deferred clearing credit represents a clearing fee rebate from National Financial Services (“NFS”), one ’s clearing brokers, which is being recognized pro rata as a reduction of clearing charges over the term of the clearing agreement which expires in 2022. 2017, 2016 2015 $143,000, $143,000 $184,000, September 30, 2017 2016, $536,000 $679,000, The deferred marketing credit represents a marketing rebate from NFS, which is being recognized pro rata as a reduction of marketing expenses over the term of the clearing agreement which expires in 2022. 2017 , 2016 2015 $66,000, 67,000 $16,000, September 30, 2017 2016, $250,000 $316,000, Reimbursement of Expenses The Company incurs certain costs on behalf of its financial advisors including those for insurance, professional registration, technology and information services and legal services, amongst others, which are charged back to the advisors. It is the Company ’s policy to record the reimbursement as a reduction of the respective operating expense. Total reimbursements in fiscal years 2017, 2016 2015 $9,941,000, $11,884,000 $11,637,000, Intangible Assets Intangible assets with finite lives, which consist of customer relationships, are being amortized over their estimated useful lives on a straight-line basis. Such intangible assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amount may not ’ remaining estimated useful life through undiscounted estimated future cash flows. If undiscounted estimated future cash flows indicate that the unamortized amounts will not Brand names are deemed to have an indefinite life, are not may 6 Goodwill Goodwill is not may ’s net assets exceeds its fair value, then an analysis will be performed to compare the implied fair value of goodwill with the carrying amount of goodwill. An impairment loss will be recognized in an amount equal to the excess of the carrying amount over its implied fair value. After an impairment loss is recognized, the adjusted carrying amount of goodwill is its new accounting basis. Accounting guidance on the testing of goodwill for impairment allows entities testing goodwill for impairment, the option of performing a qualitative assessment to determine the likelihood of goodwill impairment and whether it is necessary to perform such two Under Accounting Standards Update (“ASU”) No. 2017 04, 350 2 2 ’s goodwill. Under the new standard, an entity recognizes an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however the loss recognized should not October 1, 2020 January 1, 2017. September 30, 2017. 5. Reclassifications Certain items in the statement of operations for 2016 2017. not

Note 3 - New Accounting Guidanc

Note 3 - New Accounting Guidance	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 3. In May 2014, 2014 09, 606 October 1, 2018, 1 may 2 may 3 may In June 2014, 2014 12, 718 October 1, 2016. not ’s financial statements. In February 2016, 2016 02, 842 840 2016 02 October 1, 2019 2016 02 2016 02 In March 2016, 2016 09, 718 2016 09 2016 09 October 1, 2017 2016 09 not ’s financial statements. In August 2016, 2016 15, 230 2016 15 230, October 1, 2018 not 2016 15 In November 2016, 2016 18, 230 2016 18 October 1, 2018 In January 2017, 2017 01, 805 October 1, 2018 2017 01 In January 2017, 2017 04, 350 second October 1, 2020 January 1, 2017. 2 In May 2017, 2017 09, October 1, 2018 2017 09

Note 4 - Business Combination,

Note 4 - Business Combination, Contingent Consideration and Disposal of Branches	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 4. Business Combinations In February 2015, $569,000, 48 $640,000. seven In October 2016, $19,000 $192,000, 36 $225,600. three The contingent consideration liabilities recognized in the above acquisitions were valued using an income-based approach using unobservable inputs (Level 3 ’s own assumptions. The liabilities will be revalued at each Balance Sheet date with changes therein recorded in earnings. Results of operations of the acquired businesses are included in the accompanying consolidated statements of operations from the dates of acquisition and were not not Contingent Consideration Set below are changes in the carrying value of contingent consideration for the years ended September 30, 2017 , 2016 2015 Fair value of contingent consideration at September 30, 2014 $ - Fair value of contingent consideration in connection with February 2015 acquisition 569,000 Payments (47,000 ) Change in fair value 12,000 Fair value of contingent consideration at September 30, 2015 534,000 Payments (128,000 ) Change in fair value 18,000 Fair value of contingent consideration at September 30, 2016 424,000 Fair value of contingent consideration in connection with October 2016 acquisition 192,000 Payments (42,000 ) Change in fair value (263,000 ) Fair value of contingent consideration at September 30, 2017 $ 311,000 Disposal of Gilman Branches In 2017, three $722,000 $353,000 $232,000, $137,000. 83 95 3% September 30, 2017 $676,000. 7.

Note 5 - Goodwill

Note 5 - Goodwill	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Goodwill Disclosure [Text Block]	NOTE 5. Changes to the carrying amount of goodwill during the years ended September 30, 2017 2016 Brokerage and Advisory Services Tax and Accounting Total Balance as of September 30, 2016 and 2015 $ 5,412,000 $ 1,119,000 $ 6,531,000 Reduction related to sale of Gilman branches - (353,000 ) (353,000 ) Impairment (961,000 ) - (961,000 ) Balance as of September 30, 2017 $ 4,451,000 $ 766,000 $ 5,217,000 The annual quantitative impairment tests performed on September 30, 2017 $961,000. ’s common stock. The impairment charge is included in other administrative expenses in the consolidated statement of operations. There was no September 30, 2016.

Note 6 - Intangibles

Note 6 - Intangibles	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	NOTE 6. Intangibles consisted of the following at September 30, 2017 2016: September 30, 2017 Intangible asset Cost Accumulated Amortization Carrying Value Estimated Useful Life (years) Customer relationships $ 6,818,000 $ 2,685,000 $ 4,133,000 3 - 10 Gilman brand name 710,000 - 710,000 Indefinite $ 7,528,000 $ 2,685,000 $ 4,843,000 September 30, 201 6 Intangible asset Cost Accumulated Amortization Carrying Value Estimated Useful Life (years) Customer relationships $ 6,969,000 $ 2,025,000 $ 4,944,000 7 - 10 Gilman brand name 760,000 - 760,000 Indefinite $ 7,729,000 $ 2,025,000 $ 5,704,000 Amortization expense for the years ended September 30, 2017 , 2016 2015 $790,000, $733,000 $833,000, Further, based on the impairment tests performed at September 30, 2017 2016, $50,000 2017 $894,000 2016, The estimated future amortization expense of the finite lived intangible assets for the next five Year ended September 30, 2018 $ 790,000 2019 790,000 2020 719,000 2021 719,000 2022 665,000 Thereafter 450,000 Total $ 4,133,000

Note 7 - Broker-dealers and Cle

Note 7 - Broker-dealers and Clearing Organizations and Other Receivables	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Due to and from Broker-Dealers and Clearing Organizations Disclosure [Text Block]	NOTE 7. At September 30, 2017 2016, $2,850,000 $3,357,000, ’s retail brokerage business as well as asset based fee revenue associated with the Company’s asset management advisory business. Other receivables at September 30, 2017 2016 September 30, 2017 2016 Trailing fees 1,156,000 1,250,000 Accounts receivable for tax and accounting services 698,000 864,000 Allowance for doubtful accounts - tax and accounting services (390,000 ) (581,000 ) Advances to registered representatives 881,000 918,000 Allowance for doubtful accounts - advances to registered representatives (154,000 ) (154,000 ) Investment banking receivable 1,086,000 1,877,000 Advisory fees 510,000 597,000 Notes receivable (Note 4) 676,000 - Other 717,000 659,000 Total $ 5,180,000 $ 5,430,000

Note 8 - Forgivable Loans Recei

Note 8 - Forgivable Loans Receivable	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]	NOTE 8. From time to time, the Company ’s operating subsidiaries may 4% 2022. $693,000, $788,000 $538,000 September 30, 2017, 2016 2015 September 30, 2017 2016, no Forgivable loan activity for the fiscal years ended September 30, 2017 , 2016 2015 Balance, September 30, 2014 $ 662,000 Advances 1,257,000 Amortization (538,000 ) Write-off (13,000 ) Balance, September 30, 2015 1,368,000 Advances 1,132,000 Amortization (788,000 ) Balance, September 30, 2016 1,712,000 Advances 694,000 Amortization (693,000 ) Repayments (97,000 ) Balance, September 30, 2017 $ 1,616,000 There were no September 30, 2017 2016 ’s subsidiaries prior to the fulfillment of their obligation.

Note 9 - Fair Value of Assets a

Note 9 - Fair Value of Assets and Liabilities	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 9. Authoritative accounting guidance defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is 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. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value are classified and disclosed in one three Level 1 Level 2 Level 3 The following tables present the carrying values and estimated fair values at September 30, 2017 2016 September 30, 201 7 Carrying Value Level 1 Level 2 Total Estimated Fair Value Asset s Cash $ 23,508,000 $ 23,508,000 $ - $ 23,508,000 Cash deposits with clearing organizations 1,041,000 1,041,000 - 1,041,000 Receivables from broker-dealers and clearing organizations 2,850,000 - 2,850,000 2,850,000 Forgivable loans receivable 1,616,000 - 1,616,000 1,616,000 Other Receivables, Net 5,180,000 - 5,180,000 5,180,000 $ 34,195,000 $ 24,549,000 $ 9,646,000 $ 34,195,000 Liabilities Accrued commissions and payroll payable 10,065,00 - 10,065,000 10,065,000 Accounts payable and accrued expenses (1) 8,404,000 - 8,404,000 8,404,000 $ 18,469,000 $ - $ 18,469,000 $ 18,469,000 ( 1 $311,000. September 30, 2016 Carrying Value Level 1 Level 2 Total Estimated Fair Value Asset s Cash $ 21,694,000 $ 21,694,000 $ - $ 21,694,000 Cash deposits with clearing organizations 1,030,000 1,030,000 - 1,030,000 Receivables from broker-dealers and clearing organizations 3,357,000 - 3,357,000 3,357,000 Forgivable loans receivable 1,712,000 - 1,712,000 1,712,000 Other Receivables, Net 5,430,000 - 5,430,000 5,430,000 $ 33,223,000 $ 22,724,000 $ 10,499,000 $ 33,223,000 Liabilities Accrued commissions and payroll payable 11,940,000 - 11,940,000 11,940,000 Accounts payable and accrued expenses (1) 6,742,000 - 6,742,000 6,742,000 $ 18,682,000 $ - $ 18,682,000 $ 18,682,000 ( 1 $424,000. The following tables present the financial assets and liabilities measured at fair value on a recurring basis at September 30, 2017 2016 September 30, 201 7 Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Asset s Securities owned Corporate stocks $ 116,000 $ 116,000 $ - $ - $ 116,000 Municipal bonds 1,239,000 1,239,000 - - 1,239,000 Restricted stock 82,000 - 82,000 - Warrants 5,665,000 - 5,665,000 - 5,665,000 $ 7,102,000 $ 1,355,000 $ 5,747,000 $ - $ 7,102,000 Liabilities Contingent consideration 311,000 - - 311,000 311,000 Warrants issued 5,597,000 - 5,597,000 - 5,597,000 Securities sold, but not yet purchased Municipal bonds 151,000 151,000 - - 151,000 $ 6,059,000 $ 151,000 $ 5,597,000 $ 311,000 $ 6,059,000 September 30, 201 6 Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Asset s Securities owned Corporate stocks $ 101,000 $ 101,000 $ - $ - $ 101,000 Municipal bonds 2,111,000 2,111,000 - - 2,111,000 Restricted stock 145,000 - 145,000 - 145,000 $ 2,357,000 $ 2,212,000 $ 145,000 $ - $ 2,357,000 Liabilities Contingent consideration 424,000 - - 424,000 424,000 Warrants issuable 14,055,000 - 14,055,000 - 14,055,000 Securities sold, but not yet purchased Corporate stocks 298,000 298,000 - - 298,000 $ 14,777,000 $ 298,000 $ 14,055,000 $ 424,000 $ 14,777,000 Certain positions in common stock and warrants were received as compensation for investment banking services. Restricted common stock and warrants may 144, 2017 $5,631,000 Warrants are carried at fair value as determined by using the Black-Scholes option pricing model. This model takes into account the underlying securities current market values, the underlying securities market volatility, the terms of the warrants, exercise prices, and risk-free return rate. The market value of the underlying securities ’ market value is discounted based on the value of a protective put, which reduces the current market price used as an input into the Black-Scholes option pricing model. Debt securities are valued based on recently executed transactions.

Note 10 - Fixed Assets

Note 10 - Fixed Assets	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 10. Fixed assets as of September 30, 2017 2016, September 30, Estimated Useful 2017 2016 Lives (in years) Equipment $ 1,742,000 $ 1,036,000 5 Furniture and fixtures 382,000 163,000 5 Leasehold improvements 1,400,000 653,000 Lesser of useful life or term of lease Capital leases (primarily composed of computer equipment) 739,000 739,000 5 4,263,000 2,591,000 Less accumulated depreciation and amortization (1,866,000 ) (1,427,000 ) Fixed assets – net $ 2,397,000 $ 1,164,000 Depreciation expense for the years ended September 30, 2017 , 2016 2015 $439,000, $480,000 $294,000,

Note 11 - Accounts Payable and

Note 11 - Accounts Payable and Other Accrued Expenses	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 11. Accounts payable and other accrued expenses as of September 30, 2017 2016, September 30, 2017 2016 Legal $ 877,000 $ 1,346,000 Audit 176,000 198,000 Telecommunications 205,000 209,000 Data Services 464,000 425,000 Regulatory 540,000 444,000 Settlements 2,403,000 832,000 Deferred rent 497,000 65,000 Contingent consideration payable 311,000 424,000 Other 3,242,000 3,223,000 Total $ 8,715,000 $ 7,166,000

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 12. The Company files a consolidated federal income tax return and certain combined state and local income tax returns with its subsidiaries. Income taxes consist of the following: 2017 Federal State Total Current income tax expense $ 1,074,000 $ 439,000 $ 1,513,000 Deferred income tax expense 2,126,000 412,000 2,538,000 Total income tax expense $ 3,200,000 $ 851,000 $ 4,051,000 2016 Federal State Total Current income tax expense $ 54,000 $ 332,000 $ 386,000 Deferred income tax expense (benefit) 3,012,000 (308,000 ) 2,704,000 Total income tax expense $ 3,066,000 $ 24,000 $ 3,090,000 2015 Federal State Total Current income tax expense (benefit) $ (93,000 ) $ 23,000 $ (70,000 ) Deferred income tax expense 233,000 30,000 263,000 Total income tax expense $ 140,000 $ 53,000 $ 193,000 The income tax provision related to pre-tax income (loss) vary from the federal statutory rate as follows: Years Ended September 30, 2017 2016 2015 Statutory federal rate 34.0 % (34.0 )% 34.0 % State income taxes, net of federal income tax expense (benefit) 3.4 % (8.2 )% 7.3 % Permanent differences for tax purposes (14.4 )% 35.4 % 9.4 % Write-off of deferred tax asset attributable to change in ownership (see below) - % 128.9 % - % Other 1.4 % 3.1 % (10.4 )% 24.4 % 125.2 % 40.3 % Significant components of the Company ’s net deferred tax assets in the accompanying financial statements are as follows: September 30, 2017 2016 Net operating loss carryforwards $ 6,229,000 $ 6,951,000 Contingent consideration 123,000 168,000 Stock based compensation 819,000 640,000 Accrued expenses 1,404,000 596,000 Accounts receivable and other receivables 216,000 294,000 Federal AMT credit carryforward 261,000 272,000 Fixed assets (186,000 ) 256,000 Intangibles (486,000 ) (500,000 ) Securities (1,960,000 ) 281,000 Total deferred tax assets $ 6,420,000 $ 8,958,000 At September 30, 2017, $17.5 $5.5 $10.7 October 2013 may 2020 2033. Due to the change in ownership resulting from the completion of the Offer discussed in Note 19, ’s deferred tax asset relating to the Company’s net operating loss carry forwards will be subject to an annual limitation under Section 382 2016 $3,185,000. Authoritative guidance for uncertainty in income tax requires the Company to determine whether a tax position is more-likely-than- not 50% not no September 30, 2017.

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 13. Leases As of September 30, 2017, October 2026, Fiscal Year Ending Sept 30, Lease Payments Less, Sublease Net 2018 $ 3,040,000 $ 360,000 $ 2,680,000 2019 2,481,000 30,000 2,451,000 2020 2,346,000 - 2,346,000 2021 2,043,000 - 2,043,000 2022 1,331,000 - 1,331,000 Thereafter 4,524,000 - 4,524,000 Total $ 15,765,000 $ 390,000 $ 15,375,000 The total amount of rent payable under the leases is recognized on a straight line basis over the term of the leases. Rental expense under all operating leases for the years ended September 30, 2017 , 2016 2015 $4,257,000, $3,794,000 $3,947,000, September 30, 2017, 2016 2015 $167,000, $142,000 $139,000, As of September 30, 2017 and 2016, three $1,381,000 $354,000, 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. Several cases have no no Liabilities for potential losses from complaints, legal actions, government investigations and proceedings are established where management believes that it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. In making these decisions, management 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 ’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, management cannot predict with certainty the eventual loss or range of loss related to such matters. As of September 30, 2017 2016, $2,403,000 $832,000 may no not 2017, 2016 2015 $3,414,000, $536,000 $1,523,000, $1,476,000, $1,241,000 $680,000 2017, 2016 2015,

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 14. ’ EQUITY Shares Authorized On January 26, 2017, ’s certificate of incorporation to decrease the number of authorized shares of its common stock from 150,000,000 75,000,000 2013 650,000. Share Repurchase In August 2015, ’s Board of Directors authorized the repurchase of up to $2 may not September 30, 2017, not September 30, 2016 2015, 33,933 46,643 $86,000 $145,000, Restricted Stock Units A summary of the Company ’s non-vested restricted stock units for the years ended September 30, 2017, 2016 2015 Shares Weighted Average Grant Due Fair Value* Non-vested restricted stock units at September 30, 2014 62,124 $ 253,000 Vested (55,670 ) $ 199,000 Forfeited (2,120 ) $ 5,000 Non-vested restricted stock units at September 30, 2015 4,334 $ 9,000 Vested (4,334 ) (9,000 ) Non-vested restricted stock units at September 30, 2016 - - Granted 1,250,000 $ 3,054,000 Vested - - Non-vested restricted stock units at September 30, 2017 1,250,000 $ 3,054,000 * For independent advisors, the weighted average grant date fair value is calculated as the weighted average vesting date fair value, or if not In 2017, 1,250,000 one ’s common stock. RSUs shall vest as follows: ( 1 625,000 25% four 2 104,168 first $75,000,000 30 104,168 first $100,000,000 30 104,164 first $150,000,000 30 3 104,168 first $10,000,000 104,168 first $15,000,000 104,164 first $25,000,000 2 3 RSUs that vest based on service and performance are measured based on the fair values of the underlying stock on the date of grant. The Company used a Lattice model to determine the fair value of the RSUs with a market condition. For the year s ended September 30, 2017, 2016 2015, $602,000, $9,000 $199,000, September 30, 2017, $2,452,000, 4.2 Stock Options The Company ’s stock option plans provide for the granting of stock options to certain key employees, directors and investment executives. Generally, options outstanding under the Company’s stock option plan are granted at prices equal to or above the market value of the stock on the date of grant, vest either immediately or ratably over up to five five The following option activity occurred under the Company ’s plan during the years ended September 30, 2017, 2016 2015: Options Weighted Average Exercise Price Per Share Weighted Average Grant-Date Fair Value Per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at September 30, 2014 1,244,000 $ 6.40 $ 1.70 4.69 $ 104,000 Granted 180,000 5.50 2.14 7.73 Forfeited or expired (34,000 ) 5.00 2.30 Outstanding at September 30, 2015 1,370,000 6.34 1.80 4.12 Forfeited or expired (148,500 ) 4.93 6.48 Outstanding at September 30, 2016 1,221,500 6.51 1.22 3.31 Forfeited or expired (15,500 ) 4.42 1.99 Outstanding at September 30, 2017 1,206,000 6.54 1.21 2.29 Vested and exercisable at September 30, 2017 1,206,000 $ 6.54 $ 1.21 2.29 $ - During fiscal 2016 and 2015, $202,000 $391,000, September 30, 2016, There were no 2017 2016. The grant date fair value of options granted during the year ended September 30, 2015 $385,000. 2015 2015 Dividend yield 0.00 % Expected volatility 87.16 % Risk-free interest rate 1.29 % Expected life (in years) 4.50 Warrants The following tables summarize information about warrant activity during 2017 , 2016 2015: Warrants Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term Outstanding at September 30, 2014 89,676 $ 5.00 1.73 Forfeited or expired (45,089 ) 5.00 Outstanding at September 30, 2015 44,587 5.00 1.26 Forfeited or expired (21,558 ) 5.00 Outstanding at September 30, 2016 23,029 5.00 0.75 Issued - See Note 19 12,437,916 3.25 4.30 Forfeited or expired (21,558 ) 5.00 Outstanding and exercisable at September 30, 2017 12,439,387 $ 3.25 4.30

Note 15 - Net Capital Requireme

Note 15 - Net Capital Requirements of Broker-dealer Subsidiaries	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	NOTE 15. National Securities is subject to the SEC ’s Uniform Net Capital Rule (Rule 15c3 1 September 30, 2017, $9,231,587 $8,981,587 $250,000. 15c3 3 vFinance Investments is also subject to the Rule 15c3 1, not 15 1. September 30, 2017, $1,397,346 $397,346 $1,000,000. .8 1. 15c3 3 Advances, dividend payments and other equity withdrawals from the Company ’s Broker-Dealer Subsidiaries are restricted by the regulations of the SEC, and other regulatory agencies. These regulatory restrictions may may

Note 16 - Off Balance Sheet Ris

Note 16 - Off Balance Sheet Risk and Concentrations of Credit Risk	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	NOTE 16. 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 for the Company on a fee basis. 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 The Company maintains cash in bank deposits, which, at times, may not not A short sale involves the sale of a security that is not

Note 17 - Employee Benefits

Note 17 - Employee Benefits	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 17. The Company sponsors a defined contribution 401 75% ’s contributions are made at the discretion of the Board of Directors. For the fiscal years ended September 30, 2017, 2016 2015, no

Note 18 - Segment Information

Note 18 - Segment Information	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 18. The Company has two Corporate pre-tax income (loss) consists of certain expenses that have not Segment information for the years ended September 30, 2017 , 2016 2015 2017 Brokerage and Advisory Services Tax and Accounting Services Corporate Total Revenues $ 182,431,000 $ 7,439,000 $ - $ 189,870,000 Pre-tax income (loss) 11,516,000 649,000 4,414,000 (a) 16,579,000 Identifiable assets 47,213,000 2,984,000 14,201,000 (c) 64,398,000 Depreciation and amortization 694,000 181,000 354,000 1,229,000 Interest 14,000 - - 14,000 Capital expenditures 140,000 73,000 1,459,000 1,672,000 2016 Brokerage and Advisory Services Tax and Accounting Services Corporate Total Revenues $ 165,682,000 $ 8,394,000 $ - $ 174,076,000 Pre-tax (loss) income 4,227,000 (521,000 ) (6,175,000 ) (b) (2,469,000 ) Identifiable assets 43,851,000 2,309,000 14,386,000 (c) 60,546,000 Depreciation and amortization 760,000 181,000 272,000 1,213,000 Interest 51,000 - - 51,000 Capital expenditures 127,000 96,000 709,000 932,000 2015 Brokerage and Advisory Services Tax and Accounting Services Corporate Total Revenues $ 154,797,000 $ 8,249,000 - $ 163,046,000 Pre-tax (loss) income 4,473,000 (422,000 ) (3,573,000 ) (b) 478,000 Identifiable assets 41,466,000 4,077,000 17,839,000 (c) 63,382,000 Depreciation and amortization 744,000 113,000 270,000 1,127,000 Interest 13,000 - - 13,000 Capital expenditures 152,000 40,000 62,000 254,000 (a) Consists of the gain on the change in fair value of warrant liability offset in part by executive salaries and other expenses not (b) Consists of executive salaries and other expenses not (c) Consists principally of deferred tax assets and cash, prepaid and fixed asset balances held at Corporate.

Note 19 - Acquisition of Contro

Note 19 - Acquisition of Controlling Interest in the Company	12 Months Ended
	Sep. 30, 2017
FBIO Acquisitions Inc. [Member]
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	NOTE 19. On September 12, 2016, $3.25 April 27, 2016 ( September 9, 2016, 7,037,482 not 56.6% ’s issued and outstanding shares of common stock immediately following the completion of the Offer (in each case, without giving effect to the issuance or exercise of the Dividend Warrants). On September 12, 2016, not In fiscal 2016, $4.3 $3 $1.1 $0.2 Dividend Warrants In accordance with the Merger Agreement, since less than 80% ’s issued and outstanding shares of common stock were tendered, the Company remains a publicly-traded company and stockholders post-tender offer received from the Company a five $3.25 As the Company does not not September 30, 2016) may ’s control, net cash settlement of the warrants is assumed. Accordingly, as the Company was obligated to issue the warrants at September 30, 2016, January 2017, 12,437,916 September 30, 2017 September 30, 2016. September 30, 2017, September 30, 2016, Dividend yield 0.00 % Expected volatility 38.20 % Risk-free interest rate 1.14 % Life (in years) 5

Note 20 - Related Party Transac

Note 20 - Related Party Transactions	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 20. In fiscal year 2017 2016, $14,414,000 $1,245,000,

Note 21 - Quarterly Financial D

Note 21 - Quarterly Financial Data (Unaudited)	12 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 21. Quarters 1st 2nd 3rd 4th 2017: Revenues $ 44,569,000 $ 51,884,000 $ 48,047,000 $ 45,370,000 Operating expenses 42,923,000 48,182,000 47,472,000 43,325,000 Income before item shown below 1,646,000 3,702,000 575,000 2,045,000 Other income (expense) (1) 4,092,000 1,908,000 (637,000 ) 3,248,000 Income (loss) before income taxes $ 5,738,000 $ 5,610,000 $ (62,000 ) $ 5,293,000 Net income (loss) $ 5,059,000 $ 3,874,000 $ (24,000 ) $ 3,619,000 Net income (loss) per share - Basic $ 0.41 $ 0.31 $ (0.00 ) $ 0.29 Net income (loss) per share - Diluted $ 0.41 $ 0.31 $ (0.00 ) $ 0.29 Weighted average number of shares outstanding - Basic 12,437,916 12,437,916 12,437,916 12,437,916 Weighted average number of shares outstanding - Diluted 12,438,474 12,461,882 12,437,916 12,510,661 Quarters 1st 2nd 3rd 4th 2016: Revenues $ 39,622,000 $ 42,032,000 $ 46,342,000 $ 46,080,000 Operating expenses 40,266,000 41,417,000 46,627,000 48,235,000 Income (loss) before item shown below (644,000 ) 615,000 (285,000 ) (2,155,000 ) Other income (expense) - - - - Income (loss) before income taxes $ (644,000 ) $ 615,000 $ (285,000 ) $ (2,155,000 ) Net income (loss) (2) $ (453,000 ) $ 370,000 $ (161,000 ) $ (5,315,000 ) Net income (loss) per share - Basic $ (0.04 ) $ 0.03 $ (0.01 ) $ (0.43 ) Net income (loss) per share - Diluted $ (0.04 ) $ 0.03 $ (0.01 ) $ (0.43 ) Weighted average number of shares outstanding - Basic 12,446,064 12,440,035 12,440,035 12,443,702 Weighted average number of shares outstanding - Diluted 12,446,064 12,440,035 12,440,035 12,443,702 ( 1 Includes gain (loss) of $4,092,000, $1,773,000, 642,000 $3,235,000 third fourth ( 2 Includes write-off of deferred income taxes of $3,185,000 19.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principals of Consolidation The consolidated financial statements include the accounts of National and its wholly owned and majority owned subsidiaries. All significant inter -company accounts and transactions have been eliminated in consolidation. The non-controlling interest represents a 24.9%
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Variable Interest Entities The Company has entered into agreements to provide investment banking and advisory services to numerous entities that are variable interest entities (“VIEs”) under the accounting guidance. As the fee arrangements under such agreements are arm ’s-length and contain customary terms and conditions and represent compensation that is considered fair value for the services provided, the fee arrangements are not not $16,537,000 2017, $17,010,000 2016 $1,300,000 2015.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of these financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Commission revenue represents commissions generated by the Company ’s financial advisors for their clients’ purchases and sales of mutual funds, variable annuities, general securities and other financial products, most of which is paid to the advisors as commissions for initiating the transactions. Commission revenue is generated from front-end sales commissions that occur at the point of sale, as well as trailing commissions. The Company recognizes front-end sales commission revenue and related clearing and other expenses on transactions introduced to its clearing brokers on a trade date basis. The Company also recognizes front-end sales commissions and related expenses on transactions initiated directly between the financial advisors and product sponsors upon receipt of notification from sponsors of the commission earned. Commission revenue also includes 12b 1 ’ investment holdings in trail eligible assets. Because trail commission revenues are generally paid in arrears, management estimates commission revenues earned during each period. These estimates are based on a number of factors including investment holdings and the applicable commission rate and the amount of trail commission revenue received in prior periods. Estimates are subsequently adjusted to actual based on notification from the sponsors of trail commissions earned. Net dealer inventory gains, which are recorded on a trade-date basis, include realized and unrealized net gains and losses resulting from the Company ’s principal trading activities including equity-linked warrants received from investment banking activities. Investment banking revenues consist of underwriting revenues, advisory revenues and private placement fees. Underwriting revenues arise from securities offerings in which the Company acts as an underwriter and include management fees, selling concessions and underwriting fees, net of related syndicate expenses. Underwriting revenues are recorded at the time the underwriting is completed and the income is reasonably determined. Management estimates the Company ’s share of the transaction-related expenses incurred by the syndicate, and recognizes revenues net of such expense. On final settlement, typically within 90 Investment advisory fees are derived from account management and investment advisory services. These fees are determined based on a percentage of the customers assets under management, may Interest is recorded on an accrual basis and dividends are recorded on the ex-dividend date. Transfer fees and fees for clearing services, which are recorded on a trade date basis, are principally charged to the broker on customer security transactions. Tax preparation and accounting fees are recognized upon completion of the services.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to the difference between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for net operating loss and other carryforwards. Deferred tax assets and liabilities are measured, using enacted tax rates expected to apply in the years in which the differences are expected to be recovered or settled. A valuation allowance related to deferred tax assets is also recorded when it is more likely than not may not
Fair Value of Financial Instruments, Policy [Policy Text Block]	Securities Securities owned and securities sold, but not 9
Property, Plant and Equipment, Policy [Policy Text Block]	Fixed Assets Fixed assets are recorded at cost. Depreciation is calculated using the straight-line method based on the estimated useful lives of the related assets (See Note 10 Fixed assets are reviewed for impairment whenever indicators of impairment exist. In such circumstances, the Company will estimate the future cash flows expected to result from the use of the asset and its eventual disposition. Future cash flows are the future cash inflows expected to be generated by an asset less the future outflows expected to be necessary to obtain those inflows. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount of the asset, the Company will recognize an impairment loss to adjust to the fair value of the asset.
Earnings Per Share, Policy [Policy Text Block]	Net Income per Common Share Basic net income per share is computed on the basis of the weighted average number of common shares outstanding. Diluted net income per share is computed on the basis of the weighted average number of common shares 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. A reconciliation of basic and diluted common shares used in the computation of per share data follows: Year Ended September 30, 2017 2016 2015 Basic weighted-average shares 12,437,916 12,435,923 12,464,496 Effect of dilutive securities: Options 140 - 15,109 Unvested restricted stock units 34,485 - 22,649 Diluted weighted-average shares 12,472,541 12,435,923 12,502,254 The following potential common share equivalents are not Year Ended September 30, 2017 2016 2015 Options 1,207,000 1,221,500 1,328,000 Warrants 9,344,973 (a) 23,029 - Total 10,551,973 1,244,529 1,328,000 (a) As the warrants are out of the money, in the diluted computation, no
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-based Compensation The Company measures the cost of employee, officer and director services received in exchange for an award of equity instruments including stock options and restricted stock units, based on the grant-date fair value of the award and measures the cost of independent contractor awards based on the vesting date fair value of the award. The cost is recognized as compensation expense over the service period, which would normally be the vesting period of the award.
Deferred Clearing and Marketing Credit [Policy Text Block]	Deferred Clearing and Marketing Credits The deferred clearing credit represents a clearing fee rebate from National Financial Services (“NFS”), one ’s clearing brokers, which is being recognized pro rata as a reduction of clearing charges over the term of the clearing agreement which expires in 2022. 2017, 2016 2015 $143,000, $143,000 $184,000, September 30, 2017 2016, $536,000 $679,000, The deferred marketing credit represents a marketing rebate from NFS, which is being recognized pro rata as a reduction of marketing expenses over the term of the clearing agreement which expires in 2022. 2017 , 2016 2015 $66,000, 67,000 $16,000, September 30, 2017 2016, $250,000 $316,000,
Reimbursement of Expenses [Policy Text Block]	Reimbursement of Expenses The Company incurs certain costs on behalf of its financial advisors including those for insurance, professional registration, technology and information services and legal services, amongst others, which are charged back to the advisors. It is the Company ’s policy to record the reimbursement as a reduction of the respective operating expense. Total reimbursements in fiscal years 2017, 2016 2015 $9,941,000, $11,884,000 $11,637,000,
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets Intangible assets with finite lives, which consist of customer relationships, are being amortized over their estimated useful lives on a straight-line basis. Such intangible assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amount may not ’ remaining estimated useful life through undiscounted estimated future cash flows. If undiscounted estimated future cash flows indicate that the unamortized amounts will not Brand names are deemed to have an indefinite life, are not may 6
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill is not may ’s net assets exceeds its fair value, then an analysis will be performed to compare the implied fair value of goodwill with the carrying amount of goodwill. An impairment loss will be recognized in an amount equal to the excess of the carrying amount over its implied fair value. After an impairment loss is recognized, the adjusted carrying amount of goodwill is its new accounting basis. Accounting guidance on the testing of goodwill for impairment allows entities testing goodwill for impairment, the option of performing a qualitative assessment to determine the likelihood of goodwill impairment and whether it is necessary to perform such two Under Accounting Standards Update (“ASU”) No. 2017 04, 350 2 2 ’s goodwill. Under the new standard, an entity recognizes an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however the loss recognized should not October 1, 2020 January 1, 2017. September 30, 2017. 5.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain items in the statement of operations for 2016 2017. not
New Accounting Pronouncements, Policy [Policy Text Block]	NEW ACCOUNTING GUIDANCE In May 2014, 2014 09, 606 October 1, 2018, 1 may 2 may 3 may In June 2014, 2014 12, 718 October 1, 2016. not ’s financial statements. In February 2016, 2016 02, 842 840 2016 02 October 1, 2019 2016 02 2016 02 In March 2016, 2016 09, 718 2016 09 2016 09 October 1, 2017 2016 09 not ’s financial statements. In August 2016, 2016 15, 230 2016 15 230, October 1, 2018 not 2016 15 In November 2016, 2016 18, 230 2016 18 October 1, 2018 In January 2017, 2017 01, 805 October 1, 2018 2017 01 In January 2017, 2017 04, 350 second October 1, 2020 January 1, 2017. 2 In May 2017, 2017 09, October 1, 2018 2017 09

Note 2 - Summary of Significa30

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended September 30, 2017 2016 2015 Basic weighted-average shares 12,437,916 12,435,923 12,464,496 Effect of dilutive securities: Options 140 - 15,109 Unvested restricted stock units 34,485 - 22,649 Diluted weighted-average shares 12,472,541 12,435,923 12,502,254
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Year Ended September 30, 2017 2016 2015 Options 1,207,000 1,221,500 1,328,000 Warrants 9,344,973 (a) 23,029 - Total 10,551,973 1,244,529 1,328,000

Note 4 - Business Combination31

Note 4 - Business Combination, Contingent Consideration and Disposal of Branches (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	Fair value of contingent consideration at September 30, 2014 $ - Fair value of contingent consideration in connection with February 2015 acquisition 569,000 Payments (47,000 ) Change in fair value 12,000 Fair value of contingent consideration at September 30, 2015 534,000 Payments (128,000 ) Change in fair value 18,000 Fair value of contingent consideration at September 30, 2016 424,000 Fair value of contingent consideration in connection with October 2016 acquisition 192,000 Payments (42,000 ) Change in fair value (263,000 ) Fair value of contingent consideration at September 30, 2017 $ 311,000

Note 5 - Goodwill (Tables)

Note 5 - Goodwill (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Goodwill [Table Text Block]	Brokerage and Advisory Services Tax and Accounting Total Balance as of September 30, 2016 and 2015 $ 5,412,000 $ 1,119,000 $ 6,531,000 Reduction related to sale of Gilman branches - (353,000 ) (353,000 ) Impairment (961,000 ) - (961,000 ) Balance as of September 30, 2017 $ 4,451,000 $ 766,000 $ 5,217,000

Note 6 - Intangibles (Tables)

Note 6 - Intangibles (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	September 30, 2017 Intangible asset Cost Accumulated Amortization Carrying Value Estimated Useful Life (years) Customer relationships $ 6,818,000 $ 2,685,000 $ 4,133,000 3 - 10 Gilman brand name 710,000 - 710,000 Indefinite $ 7,528,000 $ 2,685,000 $ 4,843,000 September 30, 201 6 Intangible asset Cost Accumulated Amortization Carrying Value Estimated Useful Life (years) Customer relationships $ 6,969,000 $ 2,025,000 $ 4,944,000 7 - 10 Gilman brand name 760,000 - 760,000 Indefinite $ 7,729,000 $ 2,025,000 $ 5,704,000
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year ended September 30, 2018 $ 790,000 2019 790,000 2020 719,000 2021 719,000 2022 665,000 Thereafter 450,000 Total $ 4,133,000

Note 7 - Broker-dealers and C34

Note 7 - Broker-dealers and Clearing Organizations and Other Receivables (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	September 30, 2017 2016 Trailing fees 1,156,000 1,250,000 Accounts receivable for tax and accounting services 698,000 864,000 Allowance for doubtful accounts - tax and accounting services (390,000 ) (581,000 ) Advances to registered representatives 881,000 918,000 Allowance for doubtful accounts - advances to registered representatives (154,000 ) (154,000 ) Investment banking receivable 1,086,000 1,877,000 Advisory fees 510,000 597,000 Notes receivable (Note 4) 676,000 - Other 717,000 659,000 Total $ 5,180,000 $ 5,430,000

Note 8 - Forgivable Loans Rec35

Note 8 - Forgivable Loans Receivable (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Investments in and Advances to Affiliates [Table Text Block]	Balance, September 30, 2014 $ 662,000 Advances 1,257,000 Amortization (538,000 ) Write-off (13,000 ) Balance, September 30, 2015 1,368,000 Advances 1,132,000 Amortization (788,000 ) Balance, September 30, 2016 1,712,000 Advances 694,000 Amortization (693,000 ) Repayments (97,000 ) Balance, September 30, 2017 $ 1,616,000

Note 9 - Fair Value of Assets36

Note 9 - Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	September 30, 201 7 Carrying Value Level 1 Level 2 Total Estimated Fair Value Asset s Cash $ 23,508,000 $ 23,508,000 $ - $ 23,508,000 Cash deposits with clearing organizations 1,041,000 1,041,000 - 1,041,000 Receivables from broker-dealers and clearing organizations 2,850,000 - 2,850,000 2,850,000 Forgivable loans receivable 1,616,000 - 1,616,000 1,616,000 Other Receivables, Net 5,180,000 - 5,180,000 5,180,000 $ 34,195,000 $ 24,549,000 $ 9,646,000 $ 34,195,000 Liabilities Accrued commissions and payroll payable 10,065,00 - 10,065,000 10,065,000 Accounts payable and accrued expenses (1) 8,404,000 - 8,404,000 8,404,000 $ 18,469,000 $ - $ 18,469,000 $ 18,469,000 September 30, 2016 Carrying Value Level 1 Level 2 Total Estimated Fair Value Asset s Cash $ 21,694,000 $ 21,694,000 $ - $ 21,694,000 Cash deposits with clearing organizations 1,030,000 1,030,000 - 1,030,000 Receivables from broker-dealers and clearing organizations 3,357,000 - 3,357,000 3,357,000 Forgivable loans receivable 1,712,000 - 1,712,000 1,712,000 Other Receivables, Net 5,430,000 - 5,430,000 5,430,000 $ 33,223,000 $ 22,724,000 $ 10,499,000 $ 33,223,000 Liabilities Accrued commissions and payroll payable 11,940,000 - 11,940,000 11,940,000 Accounts payable and accrued expenses (1) 6,742,000 - 6,742,000 6,742,000 $ 18,682,000 $ - $ 18,682,000 $ 18,682,000 September 30, 201 7 Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Asset s Securities owned Corporate stocks $ 116,000 $ 116,000 $ - $ - $ 116,000 Municipal bonds 1,239,000 1,239,000 - - 1,239,000 Restricted stock 82,000 - 82,000 - Warrants 5,665,000 - 5,665,000 - 5,665,000 $ 7,102,000 $ 1,355,000 $ 5,747,000 $ - $ 7,102,000 Liabilities Contingent consideration 311,000 - - 311,000 311,000 Warrants issued 5,597,000 - 5,597,000 - 5,597,000 Securities sold, but not yet purchased Municipal bonds 151,000 151,000 - - 151,000 $ 6,059,000 $ 151,000 $ 5,597,000 $ 311,000 $ 6,059,000 September 30, 201 6 Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Asset s Securities owned Corporate stocks $ 101,000 $ 101,000 $ - $ - $ 101,000 Municipal bonds 2,111,000 2,111,000 - - 2,111,000 Restricted stock 145,000 - 145,000 - 145,000 $ 2,357,000 $ 2,212,000 $ 145,000 $ - $ 2,357,000 Liabilities Contingent consideration 424,000 - - 424,000 424,000 Warrants issuable 14,055,000 - 14,055,000 - 14,055,000 Securities sold, but not yet purchased Corporate stocks 298,000 298,000 - - 298,000 $ 14,777,000 $ 298,000 $ 14,055,000 $ 424,000 $ 14,777,000

Note 10 - Fixed Assets (Tables)

Note 10 - Fixed Assets (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, Estimated Useful 2017 2016 Lives (in years) Equipment $ 1,742,000 $ 1,036,000 5 Furniture and fixtures 382,000 163,000 5 Leasehold improvements 1,400,000 653,000 Lesser of useful life or term of lease Capital leases (primarily composed of computer equipment) 739,000 739,000 5 4,263,000 2,591,000 Less accumulated depreciation and amortization (1,866,000 ) (1,427,000 ) Fixed assets – net $ 2,397,000 $ 1,164,000

Note 11 - Accounts Payable an38

Note 11 - Accounts Payable and Other Accrued Expenses (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	September 30, 2017 2016 Legal $ 877,000 $ 1,346,000 Audit 176,000 198,000 Telecommunications 205,000 209,000 Data Services 464,000 425,000 Regulatory 540,000 444,000 Settlements 2,403,000 832,000 Deferred rent 497,000 65,000 Contingent consideration payable 311,000 424,000 Other 3,242,000 3,223,000 Total $ 8,715,000 $ 7,166,000

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2017 Federal State Total Current income tax expense $ 1,074,000 $ 439,000 $ 1,513,000 Deferred income tax expense 2,126,000 412,000 2,538,000 Total income tax expense $ 3,200,000 $ 851,000 $ 4,051,000 2016 Federal State Total Current income tax expense $ 54,000 $ 332,000 $ 386,000 Deferred income tax expense (benefit) 3,012,000 (308,000 ) 2,704,000 Total income tax expense $ 3,066,000 $ 24,000 $ 3,090,000 2015 Federal State Total Current income tax expense (benefit) $ (93,000 ) $ 23,000 $ (70,000 ) Deferred income tax expense 233,000 30,000 263,000 Total income tax expense $ 140,000 $ 53,000 $ 193,000
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended September 30, 2017 2016 2015 Statutory federal rate 34.0 % (34.0 )% 34.0 % State income taxes, net of federal income tax expense (benefit) 3.4 % (8.2 )% 7.3 % Permanent differences for tax purposes (14.4 )% 35.4 % 9.4 % Write-off of deferred tax asset attributable to change in ownership (see below) - % 128.9 % - % Other 1.4 % 3.1 % (10.4 )% 24.4 % 125.2 % 40.3 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	September 30, 2017 2016 Net operating loss carryforwards $ 6,229,000 $ 6,951,000 Contingent consideration 123,000 168,000 Stock based compensation 819,000 640,000 Accrued expenses 1,404,000 596,000 Accounts receivable and other receivables 216,000 294,000 Federal AMT credit carryforward 261,000 272,000 Fixed assets (186,000 ) 256,000 Intangibles (486,000 ) (500,000 ) Securities (1,960,000 ) 281,000 Total deferred tax assets $ 6,420,000 $ 8,958,000

Note 13 - Commitments and Con40

Note 13 - Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Fiscal Year Ending Sept 30, Lease Payments Less, Sublease Net 2018 $ 3,040,000 $ 360,000 $ 2,680,000 2019 2,481,000 30,000 2,451,000 2020 2,346,000 - 2,346,000 2021 2,043,000 - 2,043,000 2022 1,331,000 - 1,331,000 Thereafter 4,524,000 - 4,524,000 Total $ 15,765,000 $ 390,000 $ 15,375,000

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Shares Weighted Average Grant Due Fair Value* Non-vested restricted stock units at September 30, 2014 62,124 $ 253,000 Vested (55,670 ) $ 199,000 Forfeited (2,120 ) $ 5,000 Non-vested restricted stock units at September 30, 2015 4,334 $ 9,000 Vested (4,334 ) (9,000 ) Non-vested restricted stock units at September 30, 2016 - - Granted 1,250,000 $ 3,054,000 Vested - - Non-vested restricted stock units at September 30, 2017 1,250,000 $ 3,054,000
Share-based Compensation, Stock Options, Activity [Table Text Block]	Options Weighted Average Exercise Price Per Share Weighted Average Grant-Date Fair Value Per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at September 30, 2014 1,244,000 $ 6.40 $ 1.70 4.69 $ 104,000 Granted 180,000 5.50 2.14 7.73 Forfeited or expired (34,000 ) 5.00 2.30 Outstanding at September 30, 2015 1,370,000 6.34 1.80 4.12 Forfeited or expired (148,500 ) 4.93 6.48 Outstanding at September 30, 2016 1,221,500 6.51 1.22 3.31 Forfeited or expired (15,500 ) 4.42 1.99 Outstanding at September 30, 2017 1,206,000 6.54 1.21 2.29 Vested and exercisable at September 30, 2017 1,206,000 $ 6.54 $ 1.21 2.29 $ -
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	2015 Dividend yield 0.00 % Expected volatility 87.16 % Risk-free interest rate 1.29 % Expected life (in years) 4.50
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Warrants Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term Outstanding at September 30, 2014 89,676 $ 5.00 1.73 Forfeited or expired (45,089 ) 5.00 Outstanding at September 30, 2015 44,587 5.00 1.26 Forfeited or expired (21,558 ) 5.00 Outstanding at September 30, 2016 23,029 5.00 0.75 Issued - See Note 19 12,437,916 3.25 4.30 Forfeited or expired (21,558 ) 5.00 Outstanding and exercisable at September 30, 2017 12,439,387 $ 3.25 4.30

Note 18 - Segment Information (

Note 18 - Segment Information (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	2017 Brokerage and Advisory Services Tax and Accounting Services Corporate Total Revenues $ 182,431,000 $ 7,439,000 $ - $ 189,870,000 Pre-tax income (loss) 11,516,000 649,000 4,414,000 (a) 16,579,000 Identifiable assets 47,213,000 2,984,000 14,201,000 (c) 64,398,000 Depreciation and amortization 694,000 181,000 354,000 1,229,000 Interest 14,000 - - 14,000 Capital expenditures 140,000 73,000 1,459,000 1,672,000 2016 Brokerage and Advisory Services Tax and Accounting Services Corporate Total Revenues $ 165,682,000 $ 8,394,000 $ - $ 174,076,000 Pre-tax (loss) income 4,227,000 (521,000 ) (6,175,000 ) (b) (2,469,000 ) Identifiable assets 43,851,000 2,309,000 14,386,000 (c) 60,546,000 Depreciation and amortization 760,000 181,000 272,000 1,213,000 Interest 51,000 - - 51,000 Capital expenditures 127,000 96,000 709,000 932,000 2015 Brokerage and Advisory Services Tax and Accounting Services Corporate Total Revenues $ 154,797,000 $ 8,249,000 - $ 163,046,000 Pre-tax (loss) income 4,473,000 (422,000 ) (3,573,000 ) (b) 478,000 Identifiable assets 41,466,000 4,077,000 17,839,000 (c) 63,382,000 Depreciation and amortization 744,000 113,000 270,000 1,127,000 Interest 13,000 - - 13,000 Capital expenditures 152,000 40,000 62,000 254,000

Note 19 - Acquisition of Cont43

Note 19 - Acquisition of Controlling Interest in the Company (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	Dividend yield 0.00 % Expected volatility 38.20 % Risk-free interest rate 1.14 % Life (in years) 5

Note 21 - Quarterly Financial44

Note 21 - Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Sep. 30, 2017
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarters 1st 2nd 3rd 4th 2017: Revenues $ 44,569,000 $ 51,884,000 $ 48,047,000 $ 45,370,000 Operating expenses 42,923,000 48,182,000 47,472,000 43,325,000 Income before item shown below 1,646,000 3,702,000 575,000 2,045,000 Other income (expense) (1) 4,092,000 1,908,000 (637,000 ) 3,248,000 Income (loss) before income taxes $ 5,738,000 $ 5,610,000 $ (62,000 ) $ 5,293,000 Net income (loss) $ 5,059,000 $ 3,874,000 $ (24,000 ) $ 3,619,000 Net income (loss) per share - Basic $ 0.41 $ 0.31 $ (0.00 ) $ 0.29 Net income (loss) per share - Diluted $ 0.41 $ 0.31 $ (0.00 ) $ 0.29 Weighted average number of shares outstanding - Basic 12,437,916 12,437,916 12,437,916 12,437,916 Weighted average number of shares outstanding - Diluted 12,438,474 12,461,882 12,437,916 12,510,661 Quarters 1st 2nd 3rd 4th 2016: Revenues $ 39,622,000 $ 42,032,000 $ 46,342,000 $ 46,080,000 Operating expenses 40,266,000 41,417,000 46,627,000 48,235,000 Income (loss) before item shown below (644,000 ) 615,000 (285,000 ) (2,155,000 ) Other income (expense) - - - - Income (loss) before income taxes $ (644,000 ) $ 615,000 $ (285,000 ) $ (2,155,000 ) Net income (loss) (2) $ (453,000 ) $ 370,000 $ (161,000 ) $ (5,315,000 ) Net income (loss) per share - Basic $ (0.04 ) $ 0.03 $ (0.01 ) $ (0.43 ) Net income (loss) per share - Diluted $ (0.04 ) $ 0.03 $ (0.01 ) $ (0.43 ) Weighted average number of shares outstanding - Basic 12,446,064 12,440,035 12,440,035 12,443,702 Weighted average number of shares outstanding - Diluted 12,446,064 12,440,035 12,440,035 12,443,702

Note 2 - Summary of Significa45

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Noncontrolling Interest, Ownership Percentage by Parent	24.90%
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions	$ 16,537,000	$ 17,010,000	$ 1,300,000
Duration Between Trade Date and Final Settlement	90 days
Deferred Clearing Rebates Recognized	$ 143,000	143,000	184,000
Deferred Clearing Rebates	536,000	679,000
Deferred Marketing Rebates Recognized	66,000	67,000	16,000
Deferred Marketing Rebates	250,000	316,000
Reimbursement Revenue	$ 9,941,000	$ 11,884,000	$ 11,637,000

Note 2 - Summary of Significa46

Note 2 - Summary of Significant Accounting Policies - Basic and Diluted Common Shares (Details) - shares	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Basic weighted-average shares (in shares)									12,437,916	12,435,923	12,464,496
Weighted average number of shares outstanding - Diluted (in shares)	12,510,661	12,437,916	12,461,882	12,438,474	12,443,702	12,440,035	12,440,035	12,446,064	12,472,541	12,435,923	12,502,254
Options [Member]
Options (in shares)									140		15,109
Unvested Restricted Stock Units [Member]
Options (in shares)									34,485		22,649

Note 2 - Summary of Significa47

Note 2 - Summary of Significant Accounting Policies - Antidilutive Securities (Details) - $ / shares	12 Months Ended
	Sep. 30, 2017		Sep. 30, 2016	Sep. 30, 2015
Options (in dollars per share)	$ 10,551,973		$ 1,244,529	$ 1,328,000
Employee Stock Option [Member]
Options (in dollars per share)	1,207,000		1,221,500	1,328,000
Warrant [Member]
Options (in dollars per share)	$ 9,344,973	[1]	$ 23,029
[1]	As the warrants are out of the money, in the diluted computation, no adjustment is made to net income (loss) to eliminate the change in fair value of the warrants.

Note 4 - Business Combination48

Note 4 - Business Combination, Contingent Consideration and Disposal of Branches (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Oct. 31, 2016	Feb. 28, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Business Combination, Contingent Consideration, Liability			$ 311,000	$ 424,000	$ 534,000
Finite-Lived Intangible Asset, Useful Life	3 years
Payments to Acquire Businesses, Gross			19,000
Gain (Loss) on Disposition of Business			137,000
Financing Receivable, Net			$ 676,000
Gilman Branches [Member]
Number of Branches Sold			3
Disposal Group, Including Discontinued Operation, Consideration			$ 722,000
Disposal Group, Including Discontinued Operation, Goodwill			353,000
Disposal Group, Including Discontinued Operation, Intangible Assets			232,000
Gain (Loss) on Disposition of Business			$ 137,000
Notes Receivable, Weighted Average Interest Rate			3.00%
Gilman Branches [Member] | Discontinued Operations, Disposed of by Sale [Member]
Financing Receivable, Net			$ 676,000
Gilman Branches [Member] | Minimum [Member]
Note Receivable, Term			6 years 330 days
Gilman Branches [Member] | Maximum [Member]
Note Receivable, Term			7 years 330 days
Certain Assets of a Tax Preparation and Accounting Business [Member]
Business Combination, Contingent Consideration, Liability	$ 192,000	$ 569,000
Business Combination, Earn-out Period For Which the Contingent Liability is Derived	3 years	4 years
Business Combination, Earn-out Period, Maximum Revenue	$ 225,600	$ 640,000
Finite-Lived Intangible Asset, Useful Life		7 years
Payments to Acquire Businesses, Gross	$ 19,000

Note 4 - Business Combination49

Note 4 - Business Combination, Contingent Consideration and Disposal of Branches - Changes in Carrying Amount of Contingent Consideration (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Fair value of contingent consideration	$ 424,000	$ 534,000
Fair value of contingent consideration in connection with acquisition	192,000		569,000
Payments	(42,000)	(128,000)	(47,000)
Change in fair value	(263,000)	18,000	12,000
Fair value of contingent consideration	$ 311,000	$ 424,000	$ 534,000

Note 5 - Goodwill (Details Text

Note 5 - Goodwill (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Goodwill, Impairment Loss	$ 961,000	$ 0

Note 5 - Goodwill - Goodwill (D

Note 5 - Goodwill - Goodwill (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Beginning balane	$ 6,531,000
Reduction related to sale of Gilman branches	(353,000)
Impairment	(961,000)	$ 0
Ending balance	5,217,000	6,531,000
Brokerage and Advisory Service [Member]
Beginning balane	5,412,000
Reduction related to sale of Gilman branches
Impairment	(961,000)
Ending balance	4,451,000	5,412,000
Tax and Accounting Services [Member]
Beginning balane	1,119,000
Reduction related to sale of Gilman branches	(353,000)
Impairment
Ending balance	$ 766,000	$ 1,119,000

Note 6 - Intangibles (Details T

Note 6 - Intangibles (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Amortization of Intangible Assets	$ 790,000	$ 733,000	$ 833,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 50,000	$ 894,000

Note 6 - Intangibles - Intangib

Note 6 - Intangibles - Intangible Assets Subject to Amortization (Details) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value		$ 7,528,000	$ 7,729,000
Accumulated Amortization		2,685,000	2,025,000
Carrying Value		4,843,000	5,704,000
Estimated Useful Life (Year)	3 years
Customer Relationships [Member]
Fair Value		6,818,000	6,969,000
Accumulated Amortization		2,685,000	2,025,000
Carrying Value		$ 4,133,000	$ 4,944,000
Customer Relationships [Member] | Minimum [Member]
Estimated Useful Life (Year)		3 years	7 years
Customer Relationships [Member] | Maximum [Member]
Estimated Useful Life (Year)		10 years	10 years
Gilman Brand Name [Member]
Fair Value		$ 710,000	$ 760,000
Carrying Value		$ 710,000	$ 760,000

Note 6 - Intangibles - Intang54

Note 6 - Intangibles - Intangible Assets Estimated Future Amortization Expense (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Total	$ 4,843,000	$ 5,704,000
Gilman [Member]
2,018	790,000
2,019	790,000
2,020	719,000
2,021	719,000
2,022	665,000
Thereafter	450,000
Total	$ 4,133,000

Note 7 - Broker-dealers and C55

Note 7 - Broker-dealers and Clearing Organizations and Other Receivables (Details Textual) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Receivables from Brokers-Dealers and Clearing Organizations	$ 2,850,000	$ 3,357,000

Note 7 - Broker-dealers and C56

Note 7 - Broker-dealers and Clearing Organizations and Other Receivables - Other Receivables (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Trailing fees	$ 1,156,000	$ 1,250,000
Accounts receivable for tax and accounting services	698,000	864,000
Allowance for doubtful accounts - tax and accounting services	(390,000)	(581,000)
Advances to registered representatives	881,000	918,000
Allowance for doubtful accounts - advances to registered representatives	(154,000)	(154,000)
Investment banking receivable	1,086,000	1,877,000
Advisory fees	510,000	597,000
Notes receivable (Note 4)	676,000
Other	717,000	659,000
Total	$ 5,180,000	$ 5,430,000

Note 8 - Forgivable Loans Rec57

Note 8 - Forgivable Loans Receivable (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Notes Receivable Interest Range	4.00%
Forgiveness of Loans	$ 693,000	$ 788,000	$ 538,000
Loans and Leases Receivable, Net Amount	1,616,000	1,712,000
Loans Receivable [Member]
Allowance for Doubtful Accounts Receivable	0	0
Ended Affiliation [Member]
Loans and Leases Receivable, Net Amount	$ 0	$ 0

Note 8 - Forgivable Loans Rec58

Note 8 - Forgivable Loans Receivable - Forgivable Loan Activity (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Balance	$ 1,712,000
Balance	1,616,000	$ 1,712,000
Advances To Registered Representatives [Member]
Balance	1,712,000	1,368,000	$ 662,000
Advances	694,000	1,132,000	1,257,000
Amortization	(693,000)	(788,000)	(538,000)
Write-off			(13,000)
Repayments	(97,000)
Balance	$ 1,616,000	$ 1,712,000	$ 1,368,000

Note 9 - Fair Value of Assets59

Note 9 - Fair Value of Assets and Liabilities (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Business Combination, Contingent Consideration, Liability	$ 311,000	$ 424,000	$ 534,000
Warrant [Member]
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	$ 5,631,000

Note 9 - Fair Value of Assets60

Note 9 - Fair Value of Assets and Liabilities - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)		Sep. 30, 2017		Sep. 30, 2016
Warrants [Member]
Liabilities				$ 14,055,000
Reported Value Measurement [Member]
Receivables from broker-dealers and clearing organizations		$ 2,850,000		3,357,000
Forgivable loans receivable		1,616,000		1,712,000
Other Receivables, Net		5,180,000		5,430,000
		34,195,000		33,223,000
Accrued commissions and payroll payable		1,006,500		11,940,000
Accounts payable and accrued expenses (1)	[1]	8,404,000		6,742,000	[2]
		18,469,000		18,682,000
Assets		7,102,000		2,357,000
Liabilities		6,059,000		14,777,000
Reported Value Measurement [Member] | Contingent Consideration [Member]
Liabilities		311,000		424,000
Reported Value Measurement [Member] | Warrants [Member]
Liabilities		5,597,000		14,055,000
Reported Value Measurement [Member] | Corporate Stocks [Member] | Securities Sold, Not yet Purchased [Member]
Assets		116,000		101,000
Liabilities				298,000
Reported Value Measurement [Member] | Municipal Bond [Member] | Securities Sold, Not yet Purchased [Member]
Assets		1,239,000		2,111,000
Reported Value Measurement [Member] | Municipal Bond [Member] | Securities Sold, But Not Yet Purchased [Member]
Liabilities		151,000
Reported Value Measurement [Member] | Restricted Stock [Member] | Securities Sold, Not yet Purchased [Member]
Assets		82,000		145,000
Reported Value Measurement [Member] | Warrants [Member] | Securities Sold, Not yet Purchased [Member]
Assets		5,665,000
Estimate of Fair Value Measurement [Member]
Assets		7,102,000		2,357,000
Liabilities		6,059,000		14,777,000
Estimate of Fair Value Measurement [Member] | Contingent Consideration [Member]
Liabilities		311,000		424,000
Estimate of Fair Value Measurement [Member] | Warrants [Member]
Liabilities		5,597,000
Estimate of Fair Value Measurement [Member] | Corporate Stocks [Member] | Securities Sold, Not yet Purchased [Member]
Assets		116,000		101,000
Liabilities				298,000
Estimate of Fair Value Measurement [Member] | Municipal Bond [Member] | Securities Sold, Not yet Purchased [Member]
Assets		1,239,000		2,111,000
Estimate of Fair Value Measurement [Member] | Municipal Bond [Member] | Securities Sold, But Not Yet Purchased [Member]
Liabilities		151,000
Estimate of Fair Value Measurement [Member] | Restricted Stock [Member] | Securities Sold, Not yet Purchased [Member]
Assets				145,000
Estimate of Fair Value Measurement [Member] | Warrants [Member] | Securities Sold, Not yet Purchased [Member]
Assets		5,665,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Receivables from broker-dealers and clearing organizations
Forgivable loans receivable
Other Receivables, Net
		24,549,000		22,724,000
Accrued commissions and payroll payable
Accounts payable and accrued expenses (1)	[1]				[2]
Assets		1,355,000		2,212,000
Liabilities		151,000		298,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Contingent Consideration [Member]
Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Warrants [Member]
Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Stocks [Member] | Securities Sold, Not yet Purchased [Member]
Assets		116,000		101,000
Liabilities				298,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal Bond [Member] | Securities Sold, Not yet Purchased [Member]
Assets		1,239,000		2,111,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal Bond [Member] | Securities Sold, But Not Yet Purchased [Member]
Liabilities		151,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Restricted Stock [Member] | Securities Sold, Not yet Purchased [Member]
Assets
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Warrants [Member] | Securities Sold, Not yet Purchased [Member]
Assets
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Receivables from broker-dealers and clearing organizations		2,850,000		3,357,000
Forgivable loans receivable		1,616,000		1,712,000
Other Receivables, Net		5,180,000		5,430,000
		9,646,000		10,499,000
Accrued commissions and payroll payable		10,065,000		11,940,000
Accounts payable and accrued expenses (1)		8,404,000	[1]	6,742,000	[2]
		18,469,000		18,682,000
Assets		5,747,000		145,000
Liabilities		5,597,000		14,055,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Contingent Consideration [Member]
Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Warrants [Member]
Liabilities		5,597,000		14,055,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Stocks [Member] | Securities Sold, Not yet Purchased [Member]
Assets
Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Bond [Member] | Securities Sold, Not yet Purchased [Member]
Assets
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Bond [Member] | Securities Sold, But Not Yet Purchased [Member]
Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Restricted Stock [Member] | Securities Sold, Not yet Purchased [Member]
Assets		82,000		145,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Warrants [Member] | Securities Sold, Not yet Purchased [Member]
Assets		5,665,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Receivables from broker-dealers and clearing organizations		2,850,000		3,357,000
Forgivable loans receivable		1,616,000		1,712,000
Other Receivables, Net		5,180,000		5,430,000
		34,195,000		33,223,000
Accrued commissions and payroll payable		10,065,000		11,940,000
Accounts payable and accrued expenses (1)	[1]	8,404,000		6,742,000	[2]
		18,469,000		18,682,000
Assets
Liabilities		311,000		424,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Contingent Consideration [Member]
Liabilities		311,000		424,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Warrants [Member]
Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Stocks [Member] | Securities Sold, Not yet Purchased [Member]
Assets
Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal Bond [Member] | Securities Sold, Not yet Purchased [Member]
Assets
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal Bond [Member] | Securities Sold, But Not Yet Purchased [Member]
Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Restricted Stock [Member] | Securities Sold, Not yet Purchased [Member]
Assets
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Warrants [Member] | Securities Sold, Not yet Purchased [Member]
Assets
Cash [Member] | Reported Value Measurement [Member]
Cash and Cash Equivalents		23,508,000		21,694,000
Cash [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and Cash Equivalents		23,508,000		21,694,000
Cash [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and Cash Equivalents
Cash [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and Cash Equivalents		23,508,000
Cash Equivalents [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and Cash Equivalents
Cash Equivalents [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and Cash Equivalents				21,694,000
Cash Deposits with Clearing Organizations [Member] | Reported Value Measurement [Member]
Cash and Cash Equivalents		1,041,000		1,030,000
Cash Deposits with Clearing Organizations [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and Cash Equivalents		1,041,000		1,030,000
Cash Deposits with Clearing Organizations [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and Cash Equivalents
Cash Deposits with Clearing Organizations [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and Cash Equivalents		$ 1,041,000		$ 1,030,000
[1]	Excludes contingent consideration liabilities of $311,000.
[2]	Excludes contingent consideration liabilities of $424,000.

Note 10 - Fixed Assets (Details

Note 10 - Fixed Assets (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Depreciation	$ 439,000	$ 480,000	$ 294,000

Note 10 - Fixed Assets - Schedu

Note 10 - Fixed Assets - Schedule of Fixed Assets (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Fixed assets, gross	$ 4,263,000	$ 2,591,000
Less accumulated depreciation and amortization	(1,866,000)	(1,427,000)
Fixed assets, net	2,397,000	1,164,000
Equipment [Member]
Fixed assets, gross	$ 1,742,000	1,036,000
Estimated useful lives (Year)	5 years
Furniture and Fixtures [Member]
Fixed assets, gross	$ 382,000	163,000
Estimated useful lives (Year)	5 years
Leasehold Improvements [Member]
Fixed assets, gross	$ 1,400,000	653,000
Assets Held under Capital Leases [Member]
Fixed assets, gross	$ 739,000	$ 739,000
Estimated useful lives (Year)	5 years

Note 11 - Accounts Payable an63

Note 11 - Accounts Payable and Other Accrued Expenses - Schedule of Accounts Payable and Other Accrued Expenses (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Legal	$ 877,000	$ 1,346,000
Audit	176,000	198,000
Telecommunications	205,000	209,000
Data Services	464,000	425,000
Regulatory	540,000	444,000
Settlements	2,403,000	832,000
Deferred rent	497,000	65,000
Contingent consideration payable	311,000	424,000	$ 534,000
Other	3,242,000	3,223,000
Total	$ 8,715,000	$ 7,166,000

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Income Tax Expense (Benefit)	$ 4,051,000	$ 3,090,000	$ 193,000
Gilman [Member]
Operating Loss Carryforwards	5,500,000
FBIO Acquisitions Inc. [Member]
Income Tax Expense (Benefit)		$ 3,185,000
Federal [Member]
Operating Loss Carryforwards	17,500,000
State [Member]
Operating Loss Carryforwards	$ 10,700,000

Note 12 - Income Taxes - Income

Note 12 - Income Taxes - Income Tax Expense Reconciliation (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Current income tax expense (benefit), federal	$ 1,074,000	$ 54,000	$ (93,000)
Current income tax expense (benefit), state	439,000	332,000	23,000
Current income tax expense	1,513,000	386,000	(70,000)
Deferred income tax expense, federal	2,126,000	3,012,000	233,000
Deferred income tax expense, state	412,000	(308,000)	30,000
Deferred income tax expense	2,538,000	2,704,000	263,000
Total income tax expense, federal	3,200,000	3,066,000	140,000
Total income tax expense, state	851,000	24,000	53,000
Total income tax expense	$ 4,051,000	$ 3,090,000	$ 193,000

Note 12 - Income Taxes - Inco66

Note 12 - Income Taxes - Income Tax Provision (Benefit) (Details)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Statutory federal rate	34.00%	34.00%	34.00%
State income taxes, net of federal income tax expense (benefit)	3.40%	(8.20%)	7.30%
Permanent differences for tax purposes	(14.40%)	35.40%	9.40%
Write-off of deferred tax asset attributable to change in ownership (see below)		128.90%
Other	1.40%	3.10%	(10.40%)
	24.40%	125.20%	40.30%

Note 12 - Income Taxes - Deferr

Note 12 - Income Taxes - Deferred Tax Assets (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Net operating loss carryforwards	$ 6,229,000	$ 6,951,000
Contingent consideration	123,000	168,000
Stock based compensation	819,000	640,000
Accrued expenses	1,404,000	596,000
Accounts receivable and other receivables	216,000	294,000
Federal AMT credit carryforward	261,000	272,000
Fixed assets, deferred tax liabilities	186,000
Fixed assets, deferred tax asset		256,000
Intangibles	(486,000)	(500,000)
Securities, deferred tax liabilities	(1,960,000)
Securities, deferred tax asset		281,000
Total deferred tax assets	$ 6,420,000	$ 8,958,000

Note 13 - Commitments and Con68

Note 13 - Commitments and Contingencies (Details Textual)	12 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)
Operating Leases, Rent Expense	$ 4,257,000	$ 3,794,000	$ 3,947,000
Operating Leases, Income Statement, Sublease Revenue	$ 167,000	142,000	139,000
Number of Letters of Credit	3
Litigation Settlement, Expense	$ 3,414,000	536,000	1,523,000
Pending and Threatened Litigation [Member] | Professional Fees [Member]
Legal Fees	1,476,000	1,241,000	$ 680,000
Pending and Threatened Litigation [Member] | Accounts Payable and Accrued Expenses [Member]
Estimated Litigation Liability	2,403,000	832,000
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,381,000	$ 354,000

Note 13 - Commitments and Con69

Note 13 - Commitments and Contingencies - Future Minimum Lease Payments (Details)	Sep. 30, 2017USD ($)
2018, rental expense	$ 3,040,000
2018, less, sublease income	360,000
2018, net	2,680,000
2019, rental expense	2,481,000
2019, less, sublease income	30,000
2019, net	2,451,000
2020, rental expense	2,346,000
2020, less, sublease income
2020, net	2,346,000
2021, rental expense	2,043,000
2021, less, sublease income
2021, net	2,043,000
2022, rental expense	1,331,000
2022, less, sublease income
2022, net	1,331,000
Thereafter, rental expense	4,524,000
Thereafter, less, sublease income
Thereafter, net	4,524,000
Total, rental expense	15,765,000
Total, less, sublease income	390,000
Total, net	$ 15,375,000

Note 14 - Stockholders' Equit70

Note 14 - Stockholders' Equity (Details Textual)	Jan. 26, 2017shares	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)shares	Sep. 30, 2015USD ($)shares	Jan. 25, 2017shares	Aug. 31, 2015USD ($)
Common Stock, Shares Authorized | shares	75,000,000	75,000,000	150,000,000		150,000,000
Stock Repurchase Program, Authorized Amount						$ 2,000,000
Stock Repurchased During Period, Shares | shares		0	33,933	46,643
Stock Repurchased During Period, Value			$ 86,000	$ 145,000
Award Rights Restricted Stock to Common Shares Conversion Ratio		1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares		0	0	180,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Fair Value				$ 385,000
Shares Vesting in Four Equal Increments [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		4 years
Shares Vesting Upon Reaching Market Capitalization of $100 Million [Member]
Vesting Threshold Minimum Market Capitalization		$ 100,000,000
Vesting Threshold Consecutive Days Required		30 days
Shares Vesting Upon Reaching Market Capitalization of $75 Million [Member]
Vesting Threshold Minimum Market Capitalization		$ 75,000,000
Vesting Threshold Consecutive Days Required		30 days
Shares Vesting Upon Reaching Market Capitalization of $150 Million [Member]
Vesting Threshold Minimum Market Capitalization		$ 150,000,000
Vesting Threshold Consecutive Days Required		30 years
Shares Vesting Upon EBITDA Reaching $10 Million or Greater [Member]
Vesting Threshold Minimum Market Capitalization		$ 10,000,000
Shares Vesting Upon EBITDA Reaching $15 million or Greater [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares		104,168
Vesting Threshold Minimum Market Capitalization		$ 15,000,000
Shares Vesting Upon EBITDA Reaching $25 Million or Greater [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares		104,164
Vesting Threshold Minimum Market Capitalization		$ 25,000,000
Unvested Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares		1,250,000
Allocated Share-based Compensation Expense		$ 602,000	$ 9,000	199,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		$ 2,452,000
Weighted Average Period for Recognition of Share-based Compensation		4 years 73 days
Unvested Restricted Stock Units [Member] | Shares Vesting in Four Equal Increments [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares		625,000
Unvested Restricted Stock Units [Member] | Shares Vesting Upon Reaching Market Capitalization of $100 Million [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares		104,168
Unvested Restricted Stock Units [Member] | Shares Vesting Upon Reaching Market Capitalization of $150 Million [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares		104,164
Unvested Restricted Stock Units [Member] | Shares Vesting Upon EBITDA Reaching $10 Million or Greater [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares		104,168
Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		5 years
Allocated Share-based Compensation Expense			$ 202,000	$ 391,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		5 years
2013 Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | shares	650,000

Note 14 - Stockholders' Equit71

Note 14 - Stockholders' Equity - Nonvested Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member] - USD ($)		12 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Non-vested restricted stock units (in shares)			4,334	62,124
Vested (in shares)			(4,334)	(55,670)
Forfeited (in shares)				(2,120)
Granted (in shares)		1,250,000
Vested (in shares)			(4,334)	(55,670)
Non-Vested restricted stock units (in shares)		1,250,000		4,334
Non-vested restricted stock units, Weighted Average Grant Due Fair Value	[1]	$ 3,054,000		$ 9,000	$ 253,000
Vested, Weighted Average Grant Due Fair Value	[1]		$ (9,000)	199,000
Forfeited, Weighted Average Grant Due Fair Value	[1]			$ 5,000
Granted, Weighted Average Grant Due Fair Value	[1]	$ 3,054,000
[1]	For independent advisors, the weighted average grant date fair value is calculated as the weighted average vesting date fair value, or if not vested the value at the balance sheet date.

Note 14 - Stockholders' Equit72

Note 14 - Stockholders' Equity - Stock Option Activity (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Outstanding (in shares)	1,221,500	1,370,000	1,244,000
Outstanding, Weighted Average Exercise Price Per Share (in dollars per share)	$ 6.51	$ 6.34	$ 6.40
Outstanding, Weighted Average Grant-Date Fair Value Per Share (in dollars per share)	$ 1.22	$ 1.80	$ 1.70
Outstanding, Weighted Average Remaining Contractual Term (Year)	2 years 105 days	3 years 113 days	4 years 43 days	4 years 251 days
Outstanding, Aggregate Intrinsic Value	$ 0			$ 104,000
Granted (in shares)	0	0	180,000
Granted, Weighted Average Exercise Price Per Share (in dollars per share)			$ 5.50
Granted, Weighted Average Grant-Date Fair Value Per Share (in dollars per share)			$ 2.14
Granted, Weighted Average Remaining Contractual Term (Year)			7 years 266 days
Forfeited or expired (in shares)	(15,500)	(148,500)	(34,000)
Forfeited or expired, Weighted Average Exercise Price Per Share (in dollars per share)	$ 4.42	$ 4.93	$ 5
Forfeited or expired, Weighted Average Grant-Date Fair Value Per Share (in dollars per share)	$ 1.99	$ 6.48	$ 2.30
Forfeited or expired, Weighted Average Remaining Contractual Term (Year)
Outstanding (in shares)	1,206,000	1,221,500	1,370,000	1,244,000
Outstanding, Weighted Average Exercise Price Per Share (in dollars per share)	$ 6.54	$ 6.51	$ 6.34	$ 6.40
Outstanding, Weighted Average Grant-Date Fair Value Per Share (in dollars per share)	$ 1.21	$ 1.22	$ 1.80	$ 1.70
Vested and exercisable (in shares)	1,206,000
Vested and exercisable, Weighted Average Exercise Price Per Share (in dollars per share)	$ 6.54
Vested and exercisable, Weighted Average Grant-Date Fair Value Per Share (in dollars per share)	$ 1.21
Vested and exercisable, Weighted Average Remaining Contractual Term (Year)	2 years 105 days

Note 14 - Stockholders' Equit73

Note 14 - Stockholders' Equity - Stock Option Weighted-average Assumptions (Details)	12 Months Ended
	Sep. 30, 2015
Dividend yield	0.00%
Expected volatility	87.16%
Risk-free interest rate	1.29%
Expected life (in years) (Year)	4 years 182 days

Note 14 - Stockholders' Equit74

Note 14 - Stockholders' Equity - Warrants Outstanding (Details) - Warrants [Member] - $ / shares	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Non-vested restricted stock units (in shares)	23,029	44,587	89,676
Outstanding, Weighted Average Grant Due Fair Value (in dollars per share)	$ 5	$ 5	$ 5
Outstanding, Weighted Average Remaining Contractual Term (Year)	4 years 109 days	273 days	1 year 94 days	1 year 266 days
Forfeited (in shares)	(21,558)	(21,558)	(45,089)
Forfeited or expired, Weighted Average Grant Due Fair Value (in dollars per share)	$ 5	$ 5	$ 5
Granted, Warrants (in shares)	12,437,916
Granted, Weighted Average Grant Due Fair Value (in dollars per share)	$ 3.25
Issued - See Note 19 (Year)	4 years 109 days
Non-Vested restricted stock units (in shares)	12,439,387	23,029	44,587	89,676
Outstanding, Weighted Average Grant Due Fair Value (in dollars per share)	$ 3.25	$ 5	$ 5	$ 5

Note 15 - Net Capital Require75

Note 15 - Net Capital Requirements of Broker-dealer Subsidiaries (Details Textual)	Sep. 30, 2017USD ($)
Net Capital	$ 9,231,587
Alternative Excess Net Capital	8,981,587
National Securities [Member] | SEC Requirement [Member]
Minimum Net Capital Required	250,000
vFinance Investments [Member]
Net Capital	1,397,346
Alternative Excess Net Capital	$ 397,346
Ratio of Indebtedness to Net Capital	15
Capital Required to be Well Capitalized to Risk Weighted Assets	80.00%
vFinance Investments [Member] | SEC Requirement [Member]
Minimum Net Capital Required	$ 1,000,000

Note 17 - Employee Benefits (De

Note 17 - Employee Benefits (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	75.00%
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0	$ 0	$ 0

Note 18 - Segment Information77

Note 18 - Segment Information (Details Textual)	12 Months Ended
	Sep. 30, 2017
Number of Reportable Segments	2

Note 18 - Segment Information -

Note 18 - Segment Information - Segment Information (Details) - USD ($)		3 Months Ended								12 Months Ended
		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017		Sep. 30, 2016		Sep. 30, 2015
Revenues		$ 45,370,000	$ 48,047,000	$ 51,884,000	$ 44,569,000	$ 46,080,000	$ 46,342,000	$ 42,032,000	$ 39,622,000	$ 189,870,000		$ 174,076,000		$ 163,046,000
Pre-tax income (loss)		5,293,000	$ (62,000)	$ 5,610,000	$ 5,738,000	(2,155,000)	$ (285,000)	$ 615,000	$ (644,000)	16,579,000		(2,469,000)		478,000
Identifiable assets		64,398,000				60,546,000				64,398,000		60,546,000		63,382,000
Depreciation and amortization										1,229,000		1,213,000		1,127,000
Interest										14,000		51,000		13,000
Capital expenditures										1,672,000		932,000		254,000
Corporate, Non-Segment [Member]
Revenues
Pre-tax income (loss)										4,414,000	[1]	(6,175,000)	[2]	(3,573,000)	[2]
Identifiable assets	[3]	14,201,000				14,386,000				14,201,000		14,386,000		17,839,000
Depreciation and amortization										354,000		272,000		270,000
Interest										0		0		0
Capital expenditures										1,459,000		709,000		62,000
Brokerage and Advisory Services [Member] | Operating Segments [Member]
Revenues										182,431,000		165,682,000		154,797,000
Pre-tax income (loss)										11,516,000		4,227,000		4,473,000
Identifiable assets		47,213,000				43,851,000				47,213,000		43,851,000		41,466,000
Depreciation and amortization										694,000		760,000		744,000
Interest										14,000		51,000		13,000
Capital expenditures										140,000		127,000		152,000
Tax and Accounting Services [Member] | Operating Segments [Member]
Revenues										7,439,000		8,394,000		8,249,000
Pre-tax income (loss)										649,000		(521,000)		(422,000)
Identifiable assets		$ 2,984,000				$ 2,309,000				2,984,000		2,309,000		4,077,000
Depreciation and amortization										181,000		181,000		113,000
Interest										0		0		0
Capital expenditures										$ 73,000		$ 96,000		$ 40,000
[1]	Consists of the gain on the change in fair value of warrant liability offset in part by executive salaries and other expenses not allocated to reportable segments by management.
[2]	Consists of executive salaries and other expenses not allocated to reportable segments by management.
[3]	Consists principally of deferred tax assets and cash, prepaid and fixed asset balances held at Corporate.

Note 19 - Acquisition of Cont79

Note 19 - Acquisition of Controlling Interest in the Company (Details Textual) - FBIO Acquisitions Inc. [Member] - USD ($) $ / shares in Units, $ in Millions	Sep. 12, 2016	Jan. 31, 2017	Sep. 30, 2017
Common Stock [Member]
Warrant, Term of Contract			5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 3.25
Common Stock [Member] | Warrant [Member]
Stock Issued During Period, Shares, New Issues		12,437,916
National Holdings Corporation [Member]
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed	$ 4.3
Percentage of Stock Owned by Aquiree Required to Become a Privately Held Company, Minimum			80.00%
National Holdings Corporation [Member] | Professional Fees [Member]
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed	3
National Holdings Corporation [Member] | Commission, Compensation, and Fees [Member]
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed	1.1
National Holdings Corporation [Member] | Other Administrative Expense [Member]
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed	$ 0.2
National Holdings Corporation [Member] | Common Stock [Member]
Business Acquisition, Share Price	$ 3.25
Business Acquisition, Equity Interest Acquired , Number of Shares	7,037,482
Business Acquisition, Percentage of Voting Interests Acquired	56.60%

Note 19 - Acquisition of Cont80

Note 19 - Acquisition of Controlling Interest in the Company - Assumptions (Details)	12 Months Ended
	Sep. 30, 2017
Dividend yield	0.00%
Expected volatility	38.20%
Risk-free interest rate	1.14%
Life (in years) (Year)	5 years

Note 20 - Related Party Trans81

Note 20 - Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Revenue from Related Parties	$ 14,414,000	$ 1,245,000

Note 21 - Quarterly Financial82

Note 21 - Quarterly Financial Data (Unaudited) (Details Textual) - USD ($)	Sep. 12, 2016	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Fair Value Adjustment of Warrants		$ (3,235,000)	$ 642,000	$ (1,773,000)	$ (4,092,000)	$ (8,458,000)
Deferred Income Tax, Write-off	$ 3,185,000

Note 21 - Quarterly Financial83

Note 21 - Quarterly Financial Data (Unaudited) - Quarterly Financial Data (Unaudited) (Details) - USD ($)	3 Months Ended																12 Months Ended
	Sep. 30, 2017		Jun. 30, 2017		Mar. 31, 2017		Dec. 31, 2016		Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Revenues	$ 45,370,000		$ 48,047,000		$ 51,884,000		$ 44,569,000		$ 46,080,000		$ 46,342,000		$ 42,032,000		$ 39,622,000		$ 189,870,000	$ 174,076,000	$ 163,046,000
Operating expenses	43,325,000		47,472,000		48,182,000		42,923,000		48,235,000		46,627,000		41,417,000		40,266,000		181,902,000	176,545,000	162,568,000
Income before item shown below	2,045,000		575,000		3,702,000		1,646,000		(2,155,000)		(285,000)		615,000		(644,000)		7,968,000	(2,469,000)	478,000
Other income (expense) (1)	3,248,000	[1]	(637,000)	[1]	1,908,000	[1]	4,092,000	[1]									8,611,000
Income (loss) before income taxes	5,293,000		(62,000)		5,610,000		5,738,000		(2,155,000)		(285,000)		615,000		(644,000)		16,579,000	(2,469,000)	478,000
Net income (loss)	$ 3,619,000		$ (24,000)		$ 3,874,000		$ 5,059,000		$ (5,315,000)	[2]	$ (161,000)	[2]	$ 370,000	[2]	$ (453,000)	[2]	$ 12,528,000	$ (5,559,000)	$ 285,000
Net income (loss) per share - Basic (in dollars per share)	$ 0.29		$ 0		$ 0.31		$ 0.41		$ (0.43)		$ (0.01)		$ 0.03		$ (0.04)		$ 1.01	$ (0.45)	$ 0.02
Net income (loss) per share - Diluted (in dollars per share)	$ 0.29		$ 0		$ 0.31		$ 0.41		$ (0.43)		$ (0.01)		$ 0.03		$ (0.04)		$ 1	$ (0.45)	$ 0.02
Weighted average number of shares outstanding - Basic (in shares)	12,437,916		12,437,916		12,437,916		12,437,916		12,443,702		12,440,035		12,440,035		12,446,064		12,437,916	12,435,923	12,464,496
Weighted average number of shares outstanding - Diluted (in shares)	12,510,661		12,437,916		12,461,882		12,438,474		12,443,702		12,440,035		12,440,035		12,446,064		12,472,541	12,435,923	12,502,254
[1]	Includes gain (loss) of $4,092,000, $1,773,000, $(642,000) and $3,235,000 due to changes in the fair value of warrant liability in the first, second, third and fourth quarters, respectively.
[2]	Includes write-off of deferred income taxes of $3,185,000 due to change of ownership resulting from the completion of the Offer discussed in Note 19.