MDB Capital Holdings LLC
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
MDBH$1.500.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets –December 31, 2023 and 2022
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Cash and cash equivalents | $6,109,806 | $4,952,624 |
| Cash segregated in compliance with regulations | 1,247,881 | - |
| Grants receivable, includes unbilled receivables of $695,598 and $783,520 | 882,319 | 809,532 |
| Clearing deposits | 260,000 | - |
| Prepaid expenses and other current assets | 523,788 | 309,818 |
| Investment securities, at amortized cost (U.S. Treasury Bills) | 24,658,611 | 16,188,920 |
| Investment securities, at fair value (held by our licensed broker dealer) (Notes 1 and 2) | 5,771,634 | 832,577 |
| Investment securities, at cost less impairment (held by our licensed broker dealer) | - | 50,000 |
| Investment securities, at cost less impairment | 200,000 | 200,000 |
| Deferred offering cost | 69,303 | 323,224 |
| Deferred costs related to deferred revenue | 75,328 | - |
| Property and equipment, net | 866,490 | 624,644 |
| Operating lease right-of-use asset, net | 2,320,119 | 1,409,732 |
| Total assets | $42,985,279 | $25,701,071 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | $578,214 | $698,782 |
| Accrued expenses | 1,105,078 | 254,745 |
| Payables to non-customers | 1,405,293 | - |
| Deferred grant reimbursement | 140,703 | 214,998 |
| Deferred revenue | 20,000 | - |
| Operating lease liability | 2,415,889 | 1,423,538 |
| Total liabilities | 5,665,177 | 2,592,063 |
| Commitments and Contingencies (Note 8) | - | - |
| 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 2,628,966 shares issued and outstanding, respectively | - | - |
| Class B Common Shares, 5,000,000 authorized shares at no par value; 5,000,000 and 5,000,000 shares issued and outstanding, respectively | - | - |
| Paid-in-capital | 49,405,779 | 27,764,453 |
| Accumulated deficit | (12,092,927) | (5,124,110) |
| Total MDB Capital Holdings, LLC equity | 37,312,852 | 22,640,343 |
| Non-controlling interest | 7,250 | 468,665 |
| Total equity | 37,320,102 | 23,109,008 |
| Total liabilities and equity | $42,985,279 | $25,701,071 |
See accompanying notes to consolidated financial statements
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