MDB Capital Holdings, LLC Class A common / "Research and Development" | Tables in SEC filings

MDBH MDB Capital Holdings, LLC Class A common

Quarterly report

	2024		2023		2024		2023
	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Operating income:
Unrealized gain (loss) on investment securities, net (from our licensed broker dealer) (Notes 1 and 2)	$	(718,491)	$	(786,906)	$	(566,215)	$	696,965
Realized loss on investment securities, net (from our licensed broker dealer)		-		-		-		-
Fee income		-		-		1,303,398		4,233,120
Other operating income		104,246		11,502		276,633		140,873
Total operating income (loss), net		(614,245)		(775,404)		1,013,816		5,070,958

Operating costs:
General and administrative costs:
Compensation		5,170,772		1,337,771		15,188,205		3,183,515
Operating expense, related party		489,954		273,821		1,115,200		829,474
Professional fees		850,013		459,585		2,409,722		1,241,089
Information technology		236,469		93,326		651,856		408,875
Clearing and other charges		876		3,316		229,338		382,994
General and administrative-other		633,799		327,896		1,972,556		883,233
Total general and administrative costs		7,381,883		2,495,715		21,566,877		6,929,180
Research and development costs, net of grants amounting to $489,798 and $743,320, for the three months ended September 30 and $1,807,706 and $2,265,408, for the nine months ended September 30		723,487		27,936		1,238,463		67,095
Total operating costs		8,105,370		2,523,651		22,805,340		6,996,275
Net operating loss		(8,719,615)		(3,299,055)		(21,791,524)		(1,925,317)
Other income:
Interest income		279,125		176,300		937,985		548,479
Net loss before income taxes		(8,440,490)		(3,122,755)		(20,853,539)		(1,376,838)
Income taxes		-		63,559		2,143		384,143
Net loss		(8,440,490)		(3,186,314)		(20,855,682)		(1,760,981)
Less: Net loss attributable to non-controlling interests		(705,057)		(177,853)		(1,630,383)		(341,631)
Net loss attributable to MDB Capital Holdings, LLC	$	(7,735,433)	$	(3,008,461)	$	(19,225,299)	$	(1,419,350)
Net loss per share attributable to MDB Capital Holdings, LLC:
Net loss per Class A common share – basic and diluted	$	(0.83)	$	(0.49)	$	(2.07)	$	(0.24)
Weighted average of Class A common shares outstanding – basic and diluted		4,295,632		2,828,241		4,295,632		2,696,121
Net loss per Class B common share – basic and diluted	$	(0.83)	$	(0.32)	$	(2.07)	$	(0.15)
Weighted average of Class B common shares outstanding – basic and diluted		5,000,000		5,000,000		5,000,000		5,000,000

	Broker Dealer & Intellectual Property Service		Technology Development		Other		Consolidated
Operating income:
Unrealized gain on investment securities, net (from our licensed broker dealer)	$	696,965	$	-	$	-	$	696,965

Fee income		4,233,120		-		-		4,233,120
Other operating income		70,104		70,769		-		140,873
Total operating income, net		5,000,189		70,769		-		5,070,958

Operating costs:
General and administrative costs:
Compensation		1,912,536		289,152		981,827		3,183,515
Operating expense, related party		687,995		-		141,479		829,474
Professional fees		316,388		301,244		623,457		1,241,089
Information technology		333,940		16,247		58,688		408,875
Clearing and other charges		382,994		-		-		382,994
General and administrative-other		262,131		208,203		412,899		883,233
Total general and administrative costs		3,895,984		814,846		2,218,350		6,929,180
Research and development costs		-		67,095		-		67,095
Total operating costs		3,895,984		881,941		2,218,350		6,996,275
Net operating income (loss)		1,104,205		(811,172)		(2,218,350)		(1,925,317)
Other income:
Interest income		75,991		100		472,388		548,479
Net income (loss) before income taxes		1,180,196		(811,072)		(1,745,962)		(1,376,838)
Income taxes		320,584		63,559		-		384,143
Net income (loss)		859,612		(874,631)		(1,745,962)		(1,760,981)
Less net loss attributable to non-controlling interests		-		(341,631)		-		(341,631)
Net income (loss) attributable to MDB Capital Holdings, LLC	$	859,612	$	(533,000)	$	(1,745,962)	$	(1,419,350)

	Broker Dealer & Intellectual Property Service		Technology Development		Other		Eliminations		Consolidated
Operating income:
Unrealized gain on investment securities, net (from our licensed broker dealer)	$	(566,215)	$	-	$	-	$	-	$	(566,215)
Fee income		1,303,398								1,303,398
Other operating income		276,633		-		-		-		276,633
Total operating income, net		1,013,816		-		-		-		1,013,816

Operating costs:
General and administrative costs:
Compensation		2,354,897		1,667,748		11,165,560		-		15,188,205
Operating expense, related party		923,292		-		191,908		-		1,115,200
Professional fees		489,910		991,998		927,814		-		2,409,722
Information technology		561,420		29,267		61,169		-		651,856
Clearing and other charges		229,338		-		-		-		229,338
General and administrative-other		592,090		197,304		1,183,162		-		1,972,556
General and administrative costs		5,150,947		2,886,317		13,529,613		-		21,566,877
Research and development costs		-		1,238,463		-		-		1,238,463
Total operating costs		5,150,947		4,124,780		13,529,613		-		22,805,340
Net operating loss		(4,137,131)		(4,124,780)		(13,529,613)		-		(21,791,524)
Other income and expense:
Less: interest expense		459,875		77,066		-		(536,941)		-
Interest income		303,532		2,637		1,168,757		(536,941)		937,985
Income (loss) before income taxes		(4,293,474)		(4,199,209)		(12,360,856)		-		(20,853,539)
Income tax expense		-		2,143		-		-		2,143
Net loss		(4,293,474)		(4,201,352)		(12,360,856)		-		(20,855,682)
Less net loss attributable to non-controlling interests		-		(1,630,383)		-		-		(1,630,383)
Net loss attributable to MDB Capital Holdings, LLC	$	(4,293,474)	$	(2,570,969)	$	(12,360,856)	$	-	$	(19,225,299)

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