Ownership / MDB Capital Holdings, LLC Class A common | 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

Year	Amount
Remainder of 2024	$	124,676
2025		503,684
2026		516,001
2027		528,586
2028		541,674
Thereafter		451,600
Total	$	2,666,221
Less effects of discounting		(484,441)
Total operating lease liabilities	$	2,181,780

	September 30, 2024		December 31, 2023
	(Unaudited)
Cash and cash equivalents	$	16,679,428	$	6,109,806
Cash segregated in compliance with regulations		1,584,734		1,247,881
Grants receivable		553,963		882,319
Clearing deposits		516,774		260,000
Prepaid expenses and other current assets		428,692		523,788
Investment securities, at amortized cost (U.S. Treasury Bills)		5,084,197		24,658,611
Investment securities, at fair value (held by our licensed broker dealer) (Note 2)		5,566,955		5,771,634
Investment securities, at cost less impairment		200,000		200,000
Deferred offering cost		587,368		69,303
Deferred costs related to deferred revenue		110,958		75,328
Property and equipment, net		835,753		866,490
Operating lease right-of-use assets, net		2,062,015		2,320,119
Total assets	$	34,210,837	$	42,985,279

LIABILITIES AND EQUITY
Accounts payable	$	1,044,209	$	578,214
Accrued expenses		304,271		1,105,078
Payables to non-customers		21		1,405,293
Payables to customers		2,361,514		-
Deferred grant reimbursement		137,035		140,703
Deferred revenue		-		20,000
Operating lease liabilities		2,181,780		2,415,889
Total liabilities		6,028,830		5,665,177
Commitments and Contingencies (Note 9)`		-		-
Equity:
Preferred shares, 10,000,000 authorized shares at no par value; 0 issued and outstanding		-		-
Class A common shares, 95,000,000 authorized shares at no par value; 4,295,632 and 4,295,632 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively		-		-
Class B common shares, 5,000,000 authorized shares at no par value; 5,000,000 shares issued and outstanding		-		-
Common stock, value		-		-

Paid-in-capital		60,314,806		49,405,779
Accumulated deficit		(31,318,226)		(12,092,927)
Total MDB Capital Holdings, LLC Members’ equity		28,996,580		37,312,852
Non-controlling interest		(814,573)		7,250
Total equity		28,182,007		37,320,102
Total liabilities and equity	$	34,210,837	$	42,985,279

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