# SHARE FINANCIAL SERVICES, INC. X-17A-5 (2026-01-29) — Broker-dealer annual report - Company: SHARE FINANCIAL SERVICES, INC. - Form: X-17A-5 - Filed: 2026-01-29 - Period: 2025-09-30 - Accession: 0000027148-26-000002 - CIK: 27148 - File #: 8-16207 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Company, LLC - Auditor location: Dallas, TX - Contact: David Turner - Phone: 972-450-6305 - Email: dturner@sharefinancial.com - Website: sharefinancial.com - Signed by: CHARLES MAJOR (PRESIDENT) Original filing: https://www.sec.gov/Archives/edgar/data/27148/000002714826000002/shareaudit25.pdf --- {0}------------------------------------------------ OMB APPROVAL UNITED STATES OMB Number: 3235-0123 SECURITIES AND EXCHANGE COMMISSION Expires: Nov. 30, 2026 Washington, D.C. 20549 Estimated average burden hours per response: 12 ANNUAL REPORTS SEC FILE NUMBER FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING 9/30/2025 filing for the period beginning \_10/1/2024 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OFFIRM: Share Financial Services, Inc. TYPE OF REGISTRANT (check all applicable boxes): തി Broker-dealer □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 16475 Dallas Parkway, Suite 345 (No. and Street) Addison TX 75001 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING David Turner 972-450-6305 .dturner@sharefinancial.com (Name) (Area Code - Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Sanville & Company, LLC (Name - if individual, state last, first, and middle name) 75201 325 North Saint Paul Street, Suite 3100 Dallas TX (Address) (City) (State) (Zip Code) 9/18/2003 169 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) FOR OFFICIAL USE ONLY \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION Charles Major swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Share Financial Services, Inc. as of September 30 2 025 , is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified soley as that of a customer. | .
CARLA TONG
uni
State of Public, State of Texas
| | |---------------------------------------------------------------|--| | Comm. Expires 08-06-2029
Notary ID 6829890 | | Title: President This filing \*\* contains (check all applicable boxes): - D (a) Statement of financial condition. - [ (b) Notes to consolidated statement of financial condition. - D (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - (d) Statement of cash flows. - [2 (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [f) Statement of changes in liabilities subordinated to claims of creditors. - 2 (g) Notes to consolidated financial statements. - (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - [ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - 2 (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - [ {p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [t] Independent public accountant's report based on an examination of the statement of financial condition. - D (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - [ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - 2 (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [x] Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - [y] Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - O (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable. {2}------------------------------------------------ #### **SHARE FINANCIAL SERVICES, INC.** REPORT PURSUANT TO RULE 17a-5(d) YEAR ENDED SEPTEMBER 30, 2025 {3}------------------------------------------------ ### **SHARE FINANCIAL SERVICES, INC.** ### CONTENTS | | | PAGE | |----------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------| | | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1
-
2 | | STATEMENT OF FINANCIAL CONDITION | | 3 | | STATEMENT OF OPERATIONS | | 4 | | STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY | | 5 | | STATEMENT OF CASH FLOWS | | 6 | | NOTES TO FINANCIAL STATEMENTS | | 7
-
8 | | SUPPLEMENTARY INFORMATION | | | | Schedule I: | Computation of Net Capital Under Rule 15c3-1
of the Securities and Exchange Commission | 9
–
10 | | Schedule II
& III: | Computation for Determination of Reserve Requirements and Information
Relating to Possession or Control Requirements Under Rule 15c3-3 of the
Securities and Exchange Commission | 11 | | ON MANAGEMENT'S EXEMPTION REPORT | REVIEW REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 13
-
14 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # Report of Independent Registered Public Accounting Firm To the To the Stockholder and those charged with governance Share Financial Services, Inc. # Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Share Financial Services, Inc. (the Company) as of September 30, 2025, the related statements of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of September 30, 2025, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. #### Supplemental Information The supplementary information contained in Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the > 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {5}------------------------------------------------ responsibility of the Company's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. § 240.17a-5. In our opinion, the supplementary information contained in Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2020. Sanwille & Company, LLC Sanville & Company, LLC Dallas, Texas January 20, 2026 {6}------------------------------------------------ # SHARE FINANCIAL SERVICES, INC. Statement of Financial Condition September 30, 2025 #### **ASSETS** | Cash
Due from trust organizations
Certificate of deposit
Accounts receivable, related parties
Prepaid expenses | \$
69,030
72,755
27,703
3,209
2,000 | |----------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------| | Total assets | \$
174,697 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | Liabilities: | | | Commissions payable
Accounts payable | \$
40,813
42 | | Total liabilities | 40,855 | | Stockholder's equity:
Common stock, 100,000 shares
authorized with \$1 par value, | | | 8,000 shares issued and outstanding | 8,000 | | Additional paid-in capital
Accumulated deficit | 509,000
(383,158) | | Total stockholder's equity | 133,842 | | Total liabilities and stockholder's equity | \$
174,697 | {7}------------------------------------------------ # SHARE FINANCIAL SERVICES, INC. Statement of Operations For the Year Ended September 30, 2025 | Revenues | | |-----------------------------------------------------|---------------| | Brokerage commissions income | \$
288,078 | | Bond program fees | 129,391 | | Consulting fee income | 25,000 | | Other income | 11,931 | | Total Revenues | 454,400 | | Expenses | | | Compensation and benefits | 33,615 | | Commissions and clearance paid to all other brokers | 206,678 | | Telecommunications | 8,437 | | Occupancy | 30,000 | | Office supplies | 24,067 | | Transaction fees | 150 | | Regulatory fees and expenses | 33,124 | | Professional fees | 74,520 | | General and administrative | 9,490 | | Total Expenses | 420,081 | | Income before taxes | 34,319 | | Provision of income taxes | 800 | | Net Income | \$
33,519 | {8}------------------------------------------------ # SHARE FINANCIAL SERVICES, INC. Statement of Changes in Stockholder's Equity For the Year Ended September 30, 2025 | | Shares | Common
Stock | Additional
Paid-In
Capital | Accumulated
Deficit | Total | |-----------------------------------|--------|-----------------|----------------------------------|------------------------|---------------| | Balances at
September 30, 2024 | 8,000 | \$
8,000 | \$
505,000 | \$
(416,677) | \$
96,323 | | Non-cash contributions | -- | -- | 29,000 | -- | 29,000 | | Capital distributions | -- | -- | (25,000) | -- | (25,000) | | Net income | -- | -- | -- | 33,519 | 33,519 | | Balances at
September 30, 2025 | 8,000 | \$
8,000 | \$
509,000 | \$ (383,158) | \$
133,842 | {9}------------------------------------------------ # SHARE FINANCIAL SERVICES, INC. Statement of Cash Flows For the Year Ended September 30, 2025 | Cash flows from operating activities:
Net income | \$
33,519 | |--------------------------------------------------------------|---------------------| | Adjustments to reconcile net
income
to | | | net cash provided (used) by operating activities: | | | Non-cash contributions | 29,000 | | Change in assets and liabilities: | | | Increase
in due from trust organizations | (66,304) | | Increase in certificates of deposit | (1,089) | | Increase in accounts receivable, related parties | (3,209) | | Increase in prepaid expenses | (2,000) | | Increase in commissions payable | 37,754 | | Decrease in deferred revenue
Decrease in accounts payable | (25,000)
(3,957) | | | | | Net cash used in operating activities | (1,286) | | Cash flows from investing activities: | | | Net cash provided by investing activities | -- | | Cash flows from financing activities: | | | Capital distributions | (25,000) | | Net cash used in financing activities | (25,000) | | Net decrease
in cash | (26,286) | | Cash at beginning of year | 95,316 | | Cash at end of year | \$
69,030 | | Supplemental Disclosures | | | Cash paid for: | | | Income taxes | \$
800 | | Interest | \$
-- | {10}------------------------------------------------ ### Note 1 - Summary of Significant Accounting Policies Share Financial Services, Inc. (the "Company") is a broker-dealer in securities registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is a wholly owned subsidiary of Share Holdings, Inc. (the "Parent"). The Company's revenue is generated through consulting and underwriting services ("program fees") to churches and not-for-profit organizations and the brokerage of securities of its client issues. The Company's customers are primarily located throughout the Midwestern and Southwestern portions of the United States. # *Revenue Recognition* The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) Topic 606, *Revenue from Contracts with Customers*. Revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements within the scope of ASC 606, the Company performs the following five steps: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the Company satisfies a performance obligation. The Company's primary sources of revenue are brokerage commissions and bond program fees, both of which are derived from contracts with not-for-profit organizations (primarily churches) for services related to securities offerings and brokerage activities. Contracts are typically formalized through financing agreements that outline the scope of services, fees, and conditions for payment. Revenue is measured based on the consideration specified in the contract, which may include fixed fees, variable fees (e.g., based on bonds sold), and reimbursements for direct expenses if applicable. The Company evaluates whether it acts as a principal or agent in each arrangement; in its role as a brokerdealer and financial advisor, the Company generally acts as a principal and recognizes revenue on a gross basis. #### *Brokerage Commissions* Brokerage commissions are earned from arranging the trading of securities between third parties, primarily in connection with church bond issuances. The performance obligation is the successful facilitation of securities transactions, which is satisfied at a point in time when the transaction clears and the offering closes and funds (i.e., when control transfers to the customer and the Company has no further obligations). - For transactions cleared within a semi-monthly period after the offering has closed and funded, revenue is recognized and billed on a semi-monthly basis. - For transactions cleared prior to closing and funding, revenue is recognized upon the closing and funding of the securities offering. - In certain cases, as outlined in client agreements (e.g., for bonds sold outside the church membership), brokerage fees are variable and calculated as a percentage (typically 5.0%) of the par value of bonds sold. These are recognized upon sale completion, as this represents the point when the performance obligation is satisfied. - The transaction price is generally fixed or determinable at the time of clearance, with no significant financing components or non-cash consideration. Variable consideration, if any, is estimated based on historical experience and constrained until it is highly probable that a significant reversal will not occur. {11}------------------------------------------------ ### Note 1 - Summary of Significant Accounting Policies, continued Commissions are generally collected in the month following accrual, and management has determined no allowance for doubtful accounts is necessary based on historical collectability. # *Bond Program Fees* Bond program fees are earned from providing financial advisory and administrative services to not-for-profit organizations issuing securities, including but not limited to: establishing program calendars, preparing prospectuses and regulatory filings, coordinating legal instruments, conducting informational meetings and seminars, administering bond sales, and facilitating best-efforts brokerage if needed. These services are bundled into a single performance obligation—the successful facilitation of a bond issuance—because they are highly interrelated and the customer (the issuing organization) receives the primary benefit (access to raised funds) only upon completion of the offering. - Revenue is recognized at a point in time upon the closing and funding of the securities offering, as this is when the customer obtains control of the benefits and the Company has no significant remaining obligations. Prior services (e.g., preparation and filings) are inputs to this overall obligation but do not transfer control independently. - The transaction price is typically a fixed financing fee and may be adjusted per the Company's fee schedule for changes in issue size, payable from bond proceeds once a minimum escrow amount is met (as specified in escrow agreements). If the minimum escrow is not met, no fee is earned, and the contract is considered unfulfilled; in such cases, the Company may only recover direct reimbursable expenses (e.g., travel, printing, regulatory fees), which are recognized as revenue when incurred and reimbursed. - Deposits received in advance are recorded as deferred revenue until the performance obligation is satisfied or the contract terminates. These advances do not represent separate performance obligations. The Company's contracts do not typically include significant warranties, rights of return, or other post-delivery obligations. Adjustments to revenue for variable consideration, refunds, or concessions are rare based on historical experience. Revenue is presented net of any sales taxes collected on behalf of governmental authorities. Commissions receivable are generally collected in full in the month following their accrual. As such, management has not recorded an allowance for doubtful accounts on these receivables. The Company advances funds to its registered representatives as determined necessary by management. The advances are generally recouped upon the following commission payment cycle. Management records an allowance for bad debts based on a collectability review of specific accounts. Any receivables deemed uncollectible are written off against the allowance. The Company holds a certificate of deposit for \$27,703 that matures on July 30, 2026. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 those estimates. {12}------------------------------------------------ ### Note 1 - Summary of Significant Accounting Policies, continued Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due. The provision for federal income taxes differs from the expected amount using statutory rates because certain expenses included in the determination of net income are non-deductible for tax reporting purposes. #### Note 2 - Net Capital Requirements Pursuant to the net capital provisions of Rule 15c3-1 of the Securities and Exchange Act of 1934, the Company is required to maintain a minimum net capital, as defined under such provisions. Net capital and the related net capital ratio may fluctuate on a daily basis. On September 30, 2025, the Company had net capital of approximately \$96,552 and net capital requirements of \$5,000. The Company's ratio of aggregate indebtedness to net capital was 0.42 to 1. The U.S. Securities and Exchange Commission (SEC) permits a ratio of no greater than 15 to 1. ### Note 3 - Income Taxes The Company files a consolidated income tax return with the Parent. Income taxes are recorded using the separate company method to comply with Accounting Standards Codification 740. Any resulting provision or benefit for income taxes is recorded as receivable from or payable to the Parent. Any potential interest and penalty associated with tax contingency, should one arise, would be included as a component of income tax expense in the period in which the assessment arises. The Company's federal and state income tax returns are subject to examination by various statutes of limitations generally ranging from three to five years. #### Note 4 - Related Party Transactions The Company and its Parent are under common control and the existence of that control creates operating results and financial positions significantly different than if the companies were autonomous. The Company is provided office space, office facilities and certain administrative functions from its Parent under the terms of an existing expense sharing agreement. During the year ended September 30, 2025, the Company paid the Parent approximately \$42,000 allocated as follows: | Accounting (included in Professional Fees): | \$
12,000 | |--------------------------------------------------------------|--------------| | Facilities
and Equipment
Fees (included in Occupancy): | 30,000 | | | \$
42,000 | For certain engagements, the Parent pays the Company a deposit for services to be rendered per a consulting agreement between the Parent and a client. The Company treats these deposits as deferred revenue. When the Company receives payment for these services, it repays these deposits to the Parent. During the year ended September 30, 2025, the Company did not repay any deposits to the Parent. {13}------------------------------------------------ #### Note 4 - Related Party Transactions, continued The Parent reimburses the Company for certain commissions that the Company pays to its registered representatives for consulting services. During the year ended September 30, 2025, the Parent reimbursed the Company approximately \$34,918. These receipts are reflected as a decrease in commission expense. ### Note 5 - Segment Reporting The Accounting Standards Update (ASU) 2023-07 issued by the Financial Accounting Standards Board (FASB) introduced enhancements to segment reporting requirements for public entities, including broker-dealers. The update aimed to improve the transparency and usefulness of financial disclosures for investors and other stakeholders. ASU 2023-07 disclosure requirements are effective for fiscal years starting after December 15, 2024. The chief operating decision maker is the President of the Company and determined that no additional disclosures are required as the Company has only one reportable segment. # Note 6 - Commitments and Contingencies The Company is the subject of an ongoing FINRA investigation related to a bond issuance involving is parent company. In connection with the transaction, a holding company entity temporarily acquired certain bonds that were issued by the affiliated broker-dealer and subsequently sold them to investors. No investors or the church issuer were financially harmed. The matter arose approximately one year ago, and while FINRA has not requested testimony or additional information to date, the investigation remains open. Management, in consultation with external counsel, has concluded that no loss is reasonably estimable at this time, and the ultimate outcome cannot be predicted. The Company intends to cooperate fully with FINRA and will continue to monitor developments. {14}------------------------------------------------ Supplementary Information Pursuant to Rule 17a-5 of the Securities Exchange Act of 1934 As of September 30, 2025 {15}------------------------------------------------ # **Schedule I** | SHARE FINANCIAL SERVICES, INC. | |-------------------------------------------------| | Computation of Net Capital Under Rule
15c3-1 | | of the Securities and Exchange Commission | | September 30, 2025 | ### **COMPUTATION OF NET CAPITAL** | Total stockholder's equity qualified for net capital | \$
133,842 | |---------------------------------------------------------------------------------------------------------------------------------------|--------------------------------| | Deductions and/or charges
Non-allowable portion of accounts receivable
Accounts receivable, related parties
Prepaid expenses | (31,942)
(3,209)
(2,000) | | Net capital before haircuts
on securities positions | 96,691 | | Haircuts on securities (computed, where applicable,
pursuant to Rule
15c3-1(f)) | (139) | | Net capital | \$
96,552 | | AGGREGATE INDEBTEDNESS | | | Items included in statement of financial condition:
Commissions payable
Accounts payable | \$
40,813
42 | | Total aggregate indebtedness | \$
40,855 | {16}------------------------------------------------ ### **Schedule I (continued)** | SHARE FINANCIAL SERVICES, INC. | |-------------------------------------------------| | Computation of Net Capital Under Rule
15c3-1 | | of the Securities and Exchange Commission | | September 30, 2025 | ### **COMPUTATION OF BASIC NET CAPITAL REQUIREMENT** | Minimum net capital required (6-2/3% of total
aggregate indebtedness) | \$
2,724 | |-------------------------------------------------------------------------------------------------|--------------| | Minimum dollar net capital requirement of
reporting broker or dealer | \$
5,000 | | Net capital requirement (greater of above two
minimum requirement amounts) | \$
5,000 | | Net capital in excess of
required minimum | \$
91,522 | | Net capital less the greater of 10% of total aggregate indebtedness or 120% of required minimum | \$
90,552 | | Ratio: Aggregate indebtedness to net capital | 0.42
to 1 | There were no material differences between the above computation and the computation included in the Company's unaudited FOCUS IIA filing. {17}------------------------------------------------ # **Schedule II & III** SHARE FINANCIAL SERVICES, INC. Computation For Determination Of Reserve Requirements And Information Relating To Possession Or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission September 30, 2025 The Company is considered a "Non-Covered Firm" exempt from 15c3-3 by relying on footnote 74 to SEC Release 34- 70073 and therefore, is not required to maintain a "Special reserve bank account for the Exclusive benefit of customers." {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) #### Report of Independent Registered Public Accounting Firm To the To the Stockholder and those charged with governance Share Financial Services, Inc. We have reviewed the accompanying Exemption Report of Share Financial Services, Inc. (the Company) as of and for the fiscal year ended September 30, 2025, in which management asserts that: 1. The Company did not claim an exemption under any paragraph of 17 C.F.R. § 240.15c3-3(k); 2. The Company is filing this Exemption Report in reliance on Footnote 74 of SEC Release No. 34-70073 because it limited its securities business activities to (1) acting as a broker or dealer selling securities of non-profit organizations and the private placement of securities throughout the fiscal year ended September 30, 2025 exclusively to the activities described in that footnote; and 3. Throughout the fiscal year ended September 30, 2025, the Company: (i) did not receive, hold, or owe funds or securities for or to customers (except amounts received and promptly transmitted in accordance with 17 C.F.R. § 240.15c2-4(a) or (b)(2)); (ii) did not cary accounts of or for customers; and (iii) did not carry proprietary accounts of other broker-dealers. Management of the Company is responsible for the assertions in the Exemption Report and for compliance with the applicable requirements. We conducted our review in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States). A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's assertions. Accordingly, we do not express such an opinion. Based on our review, nothing came to our attention that caused us to believe that management's assertions referred to above are not fairly stated, in all material respects, based on the requirements set forth in Footnote 74 of SEC Release No. 34-70073 and related provisions of Rule 17a-5. Sanville & Company, LLC Dallas, Texas January 20, 2026 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {19}------------------------------------------------ ### Share Financial Services, Inc. Exemption Report Share Financial Services, Inc. (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: - (1) The Company is considered "Non-Covered Firm" exempt from 17 C.F.R. §240.15c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to: acting as a broker or dealer selling securities of non-profit organizations and the private placement of securities. - (2) The Company (1) did not directly or indirectly receive, hold or otherwise owe funds or or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3), throughout the most recent fiscal year without exception. I, Charles Major, swear (or affirm) that, to my best knowledge and belief, this exemption report is true and correct. Regards, President Date of Report: January 2, 2026 {20}------------------------------------------------ Report of Independent Registered Public Accounting Firm On The SIPC Annual Assessment Required By SEC Rule 17a-5 For the Year Ended September 30, 2025 {21}------------------------------------------------ #### SIPC-7A 37 REV 0722 # SECURITIES INVESTOR PROTECTION CORPORATION SIPC-7A 37 REV 0722 # AMENDED GENERALASSESSMENT FORM For the fiscal year ended 913012025 | | | Determination of "SIPC NET Operating Revenues" and General Assessment for:
MEMBERNAME
SHARE FINANCIAL SERVICES INC | SECNo.
8.16207 | | |---|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|---------------| | | | 101112024
For the fiscal period beginning
and ending | 913012025 | | | 1 | | Total Revenue (FOCUS Report- Statement of lncome (Loss) - Code 4030) | | \$ 454,399.00 | | 2 | a | Additions:
Total revenues from the securities business of subsidiaries (except foreign | | | | | | subsidiaries) and predecessors not included above. | | | | | b | Net loss from principal transactions in securities in trading accounts. | | | | | c | Net loss from principal transactions in commodities in trading accounts.
lnterest and dividend expense deducted in determining item 1. | | | | | d
e | Net loss from management of or participation in the underwriting or
distribution of securities. | | | | | ¡ | Expenses other than advertising, printing, registration fees and legal fees
deducted in determining net profit management of or participation in | | | | | g | underwriting or distribution of securities.
Net loss from securities in investment accounts. | | | | | h | Add lines 2a through 29. This is your total additions. | | \$ o.oo | | | | Add lines 1and2h | | \$ 454,399.00 | | | | Deductions: | | | | | a | Revenues from the distribution of shares of a registered open end investment
company or unit investment trust, from the sale of variable annuities, from the | | | | | | business of insurance, from investment advisory services rendered to
registered investment companies or insurance company separate accounts
and from transactions in security futures products. | | | | | b | Revenues from commodity transactions. | | | | | c | Commissions, floor brokerage and clearance paid to other SIPC members
in connection with securities transactions. | | | | | d | Reimbursements for postage in connection with proxy solicitations. | | | | | e | Net gain from securities in investment accounts. | | | | | f | 100% commissions and markups earned from transactions in (l) certificates
of deposit and (ii) Treasury bills, bankers acceptances or commercial paper
that mature nine months or less from issuance date. | | | | | g | Direct expenses of printing, advertising, and legal fees incurred in connection
with other revenue related to the securities business (revenue defined by
Section 16(9XL) of theAct). | | | | | h | Other revenue not related either directly or indirectly to,the securities business | | | | | | Deductions in excess of \$100,000 require documentation | | | | | | 5 a Total interest and dividend expense (FOCUS Report - Statement
of lncome (Loss) - Codè 4075 plus line 2d above) but | | | | | | not in excess of total interest and dividend income | | | | | | b 40% of margin interest eamed on customers securities accounts | | | | | | (40% of FOCUS ReporJ - Statement of lncome (Loss) -
Code 3960) | | | | | | c Enter the greater of line 5a or 5b | \$ 0.00 | | | | | | | \$ 0.00 | | | | Add lines 4a through 4h and 5c. This is your total deductions.
Subtract line 6 from line 3. This is your SIPC Net Operating Revenues. | | \$,454,399.00 | {22}------------------------------------------------ #### SIPC-7A 37 REV 0722 #### SECURITIES INVESTOR PROTECTION CORPORATION #### SIPC-7A 37 REV 0722 #### AMENDED GENERAL ASSESSMENT FORM For the fiscal year ended 9/30/2025 | | | Multiply line 7 by .0015. This is your General Assessment. | | | \$ 681.00 | |----|-----------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------|----------------------|------------------------| | | | Current overpayment/credit balance, if any | | | \$ 0.00 | | 10 | | General assessment from last filed 2025 SIPC-7 or 7A | | \$ 787.00 | | | | c Any other overpayments applied
f Add lines 11a through 11e | a Overpayment(s) applied on all 2025 SIPC-6 and 6A(s)
b Overpayment(s) applied on all 2025 SIPC-7 and 7A(s)
d All payments applied for 2025 SIPC-6 and 6A(s)
e All payments applied for 2025 SIPC-7 and 7A(s) | \$ 0.00
\$ 0.00
\$ 0.00
\$ 277.00
\$ 510.00 | \$ 787.00 | | | 12 | LESSER of line 10 or 11f. | | | | \$ 787.00 | | | a Amount from line 8 | | | \$ 681.00 | | | 13 | | | | | | | | b Amount from line 9
c Amount from line 12 | | | \$ 0.00
\$ 187.00 | | | | | d Subtract lines 13b and 13c from 13a. This is your assessment balance due, | | | | | 14 | | Interest (see instructions) for 2 2 days late at 20% per annum | | | (\$ 106.00)
\$ 0.00 | | 15 | | Amount you owe SIPC. Add lines 13d and 14. | | | \$ 0.00 | | 16 | | Overpayment/credit carried forward (if applicable) | | | (\$ 106.00) | | | | | | | | | | SEC No.
8-16207 | Designated Examining Authority
DEA: FINRA | FYE
2025 | Month
Sep | | · By checking this box, you certify that you have the authority of the SIPC member to sign this form; that all information in this form is true and complete; and that on behalf of the SIPC member, you are authorized, and do hereby consent, to the storage and handling by SIPC of the data in accordance with SIPC's Privacy Policy | SHARE FINANCIAL SERVICES INC | Joe Todd | |------------------------------|----------| | | | (Name of SIPC Member) (Authorized Signatory) 12/3/2025 (Date) itodd@sharefinancial.com (e-mail address) Completion of the "Authorized Signatory" line will be deemed a signature. This form and the assessment payment are due 60 days after the end of the fiscal year. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.