# ALLIANT SECURITIES, INC. TURNER, NORD, KIENBAUM X-17A-5 (2026-02-25) — Broker-dealer annual report - Company: ALLIANT SECURITIES, INC. TURNER, NORD, KIENBAUM - Form: X-17A-5 - Filed: 2026-02-25 - Period: 2025-12-31 - Accession: 0000277570-26-000003 - CIK: 277570 - File #: 8-23305 - Type: Broker-dealer - Material weakness: No - Auditor: BAKERTILLY US LLP - Auditor location: SPOKANE, WA - Contact: SALLY S MANN - Phone: 5097479144 - Signed by: MICHAEL O NORD (PRESIDENT) Original filing: https://www.sec.gov/Archives/edgar/data/277570/000027757026000003/x17a5a.pdf2025_1.pdf --- {0}------------------------------------------------ FINANCIAL STATEMENTS for the year ending December 31, 2025 {1}------------------------------------------------ | S
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e 1 | 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. 1029 {2}------------------------------------------------ | | | 【一】【字体育 【字体】
ਸ ਸੀ ਸੀ ਸੀ ਲੋਕ ਲੋਕ | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | OATH OR AFFIRMATION | 2. 48. 14.41. 11.11.22
g- a 100g, Sep 17 | | MICHAEL O NORD
financial report pertaining to the firm of ALLIANT SECURITIES INC | | swear (or affirm) that, to the best of my knowledge and belief, the
To Breat 1 as a sam as of | | 12/31 | | 2 025 _ is true and correct. I further swear (or affirm) that neither the company nor any | | partner, officer, director, or equivalent personal be, has any proprietary interest in any account classified solely | | | | as that of a customer. | | | | | Signature: < | | | | minute | | | | Title: | ﻨﻴﺔ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍ
1. 8. 1. 1. 1. 1. 1. 1. | | | PRESIDENT | | | | | | | Notary Public | | 11:40 12:11
. Vale parti | | This filing** contains (check all applicable boxes): | | 1) : 3768. 1 . 14:20 ! | | (a) Statement of financial condition. | | sucwledge and belief, the
1 :35 : 12 : 12 : 12 : 12 :
, 25 01 | | (b) Notes to consolidated statement of financial condition. | | Roger the contributy and any | | (c) (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a stated of | | | | comprehensive income (as defined in § 210.1-02 of Regulation S-X). | | | | (d) Statement of cash flows.
(e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | | | ال (f) Statement of changes in liabilities subordinated to claims of creditors. | | | | (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. | | | | . () 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 240.25c3-3 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. | | STER ENR FREE REG | | (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 | | | | 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. | | | | (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net | | | | worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve reguirements 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. | | | | ్లో విశ్రీ స్టే
(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. | | 14:2 0.0000 5. | | َ (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. | | | | (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 y | | | | CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | | | | ಷ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240,17a-5 or 37, 120 ರಲ್ಲಿ ಬಲ | | | | CFR 240.18a-7, as applicable.
(x) Supplemental reports on applying agreed upon procedures, in accordance with 17 CFR 240.17a-12 | | | | as applicable. | | | | 7 {}} Report describing any material inadequacies 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). | | | | (z) Other: | | | | ** To request confidential treatment of chis filing, see 17 CFR 240.17a-5(e/(3) or 17 CFR 240.18a-7(d)(2), as | | | | applicable. | | ( | | | | Carlos Career States of Career
: | | | | | a fir far man katalog Masder 17-6 11:12 : : {3}------------------------------------------------ # TABLE OF CONTENTS | | | Page | |---------------------|------------------------------------------------------------|------| | | Report of Independent Registered | 1-2 | | | Public Accounting Firm: | | | | Statement of Financial Condition | 3 | | Statement of Income | | 4 | | | Statement of Changes in Stockholders' Equity | 5 | | | Statement of Cash Flows | 6 | | | Notes to Financial Statements | 7-15 | | | Schedule 1 - Computation of Net Capital under Rule 15c3-1 | | | | of the Securities and Exchange Commission | 16 | | | Schedule 2 - Computation for Determination of Reserve | | | | Requirements under Rule 15c3-3 of the Securities | | | | and Exchange Commission | 17 | | | | | | | Schedule 3 - Reconciliation with Company's Computation of | | | | Net Capital Included in Part II of Form X-17A-5 | 18 | | | Schedule 4 - Information Relating to Possession of Control | | | | Requirements under Rule 15c3-3 of the | | | | Securities and Exchange Commission | 19 | | | | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # Report of Independent Registered Public Accounting Firm The Board of Directors and Stockholders of Alliant Securities, Inc. ### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Alliant Securities, Inc. (the Company) as of December 31, 2025, the related statements of income, changes in stockholders' equity, and cash flows for the year then ended, the related notes (collectively, referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for 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 the 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 to 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. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are members of the global network of Baker Tilly Intenational Ltd., the members of which are separate and independent legal entitles. Baker Tilly US, LLP is a licensed CPA firm that provides assurance services to its clients. Baker Tilly Advisidiary entilies provide tax and consulting services to their clients and are not licensed CPA firms. {5}------------------------------------------------ ### Opinion on the Supplemental Information The supplemental information in Schedules I has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The information in Schedules I is the responsibility of the Company's management. Our audit procedures include determining whether the information in Schedules I 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 Schedules I. In forming our opinion on the information in Schedules I, we evaluated whether the information in Schedules I, including its form and content is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the information in Schedules I is fairly stated in all material respects in relation to the financial statements as a whole. Baker Tilly US, Lif Spokane, Washington February 24, 2026 We have served as the Company's auditor since 2022. {6}------------------------------------------------ # STATEMENT OF FINANCIAL CONDITION December 31, 2025 | ASSETS | 2025 | |------------------------------------------|--------------| | Cash | S
459,400 | | Receivable from clearing broker | 63,365 | | Concessions receivable | 28,971 | | Prepaid expense | 600 | | Deposits with clearing brokers | 250,000 | | Right-of-use lease asset | 269,885 | | Deferred tax asset | 73,200 | | TOTAL ASSETS | \$ 1,145,421 | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | Accounts payable | S
32,870 | | Concessions payable | 28,971 | | Accrued profit sharing plan contribution | 98,458 | | Accrued payroll | 307,668 | | Payroll and business taxes payable | 8,537 | | Lease Liability | 272,917 | | TOTAL LIABILITIES | 749,421 | | Stockholders' equity: | | | Common stock, \$50 par value: | | | Authorized 1,000 shares; | | | Issued and outstanding, 667 shares | 33,334 | | Additional paid-in capital | 182,500 | | Retained earnings | 180,166 | | TOTAL STOCKHOLDERS' EQUITY | 396,000 | | TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | \$ 1,145,421 | The accompanying notes are an intergal part of the financial statements {7}------------------------------------------------ STATEMENT OF INCOME for the year ended December 31, 2025 | | 2025 | |-----------------------------------------|--------------| | Revenues: | | | Total revenue | \$ 2,785,116 | | Expenses: | | | Salesmen salaries and commissions | 1,064,040 | | Office salaries | 885,590 | | Payroll taxes | 106,885 | | Profit sharing plan contribution | 100,194 | | Medical insurance | 46,757 | | Officers' life and disability insurance | 2,808 | | Telephone and telequote | 42,869 | | Rent | 117,849 | | Office supplies and postage | 23,360 | | Clearing costs | 158,793 | | Regulatory fees | 19,055 | | Business and property taxes | 48,788 | | Dues, licenses and subscriptions | 15,509 | | Equipment rental and maintenance | 7,510 | | Professional services | 95,194 | | Corporate insurance | 5,752 | | Auto and travel expense | 28,614 | | Meals and entertainment | 11,616 | | Bank and transfer fees | 2,827 | | Advertising and promotion | 621 | | Interest expense | 147 | | | 2,784,778 | | Income before federal income taxes | 338 | | Federal income tax expense | 338 | | Net income | S
-0- | ### The accompanying notes are an intergral part of the financial statements. {8}------------------------------------------------ # STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY for the year ended December 31, 2025 | | Shares | Common
Stock | Additional
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Capital | Retained
Earnings | Total | |-----------------------------|--------|-----------------|----------------------------------|------------------------------------------------|------------| | Balances, January 1, 2025 | 667 | | | \$ 33,334 \$182,500 \$ 180,166 | \$ 396,000 | | Net income | | | | | | | Balances, December 31, 2025 | | | | 667 \$ 33,334 \$ 182,500 \$ 180,166 \$ 396,000 | | The accompanying notes are an intergral part of the financial statements. Page 5 {9}------------------------------------------------ # STATEMENT OF CASH FLOWS for the year ended December 31, 2025 2025 | Cash flows from operating activities:
Net income | | S | | |-----------------------------------------------------|----------|-----|----------| | Adjustments to reconcile net income to net cash | | | | | provided by (used in) operating activities: | | | | | Amortization of Right of Use Asset | | | (98,714) | | | | | | | Changes in assets and liabilities: | | | | | Net receivables from clearing broker | | | 18,093 | | Concessions receivable | | | (1,232) | | Officer receivable | | | ਪ | | Accounts payable and concessions payable | | | 4,063 | | Accrued profit sharing plan contribution | | | 5,275 | | Accrued payroll | | | 118,286 | | Payroll and business taxes payable | | | 254 | | Change in lease liability | | | 99,184 | | Net cash provided by (used in) operating activities | | | 145,213 | | Net increase (decrease) in cash | | | 145,213 | | Cash at beginning of year | | હને | 314,187 | | Cash at end of year | | S | 459,400 | | Supplemental disclosure of cash paid for: | | | | | Interest | S
147 | | | | Income taxes | S | | | The accompanying notes are an intergral part of the finanical statements {10}------------------------------------------------ # NOTES TO FINANCIAL STATEMENTS # 1. The Company and Significant Accounting Policies: The Company was incorporated under the laws of the State of Washington on October 10, 1978 to operate as a broker/dealer in investment securities. The Company is a member of the Securities and Exchange Commission (SEC) and also a member of the Financial Industry Regulatory Authority (FINRA). The Company's office is located in Liberty Lake, Washington. The Company is engaged in various trading and brokerage activities with counterparties that primarily include broker/dealers, banks, and other financial institutions. In the event counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparty or issuer of the instrument. It is the Company's policy to review, as necessary, the credit standing of all counterparties. In the normal course of business, the Company's customer activities involve the execution of various customer securities transactions. These activities may expose the Company to offbalance-sheet risk in the event the customer or other is unable to fulfill its contracted obligations and the Company has to purchase or sell the financial instrument underlying the contract at a loss. Use of Estimates in the Preparation of Financial Statements -The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures 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. Trade Settlement -Customer's securities transactions are recorded on a trade date basis and the related commission revenues and expenses are also recorded on a trade date basis. Concentration of Credit Risk - The Company maintains its cash with high quality financial institutions. At times, the amount may be in excess of the FDIC insured limits, however the Company does not consider this to be a significant credit risk. Receivable from Clearing Broker- The Company's accounts receivable consist of commissions due from our clearing broker/dealer, Wells Fargo, under contractual agreement. The Company has not experienced any losses related to this receivable and does not consider these amounts to be a significant risk. The Company's accounts receivable as of January 1st 2025 was \$81,458, all of which was subsequently collected. {11}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS Deposits - The Company has an agreement with First Clearing Corporation (FCC), whereby FCC clears all security transactions, carries all customer accounts, finances and holds the Company's trading inventory, and performs certain other services. The Company is subject to a termination fee if termination is within a specified time frame stated in the agreement. As part of this agreement, the Company is required to, and does maintain a deposit in the amount of \$250,000 held at FCC as of December 31, 2025. Concession Receivable/Payable - Concessions receivable consists of an average of 12B-1 fees due over a three-month period to the Company from various Mutual Fund Families. The concession is then payable upon receipt to the Company's Registered Representatives. The Company's concession receivable as of January 1, 2025 was \$27,739, all of which was subsequently collected. Advertising - The Company's policy is to expense advertising costs when incurred. Advertising expense as of December 31, 2025 was \$621. Property and Equipment - Property and equipment are recorded at cost. Depreciation is computed using straight-line methods over estimated useful lives for equipment and the term of the related lease for leasehold improvements, which range from five to ten years. {12}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS ### 2. Revenue from Contracts with Customers To determine revenue recognition for contracts with customers, the company performs the following five steps: (1) identify the contract with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price (4) allocated the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company recognizes revenue from contracts with customers when it transfers promised services to the customers in an amount that reflects the consideration to which the Company expects to be entitled to receive in exchange for those goods or services. The Company's revenue from contracts with customers includes the following: ### Commissions Brokerage commissions. The Company facilitates the execution of buy and sell transactions on behalf of its customers. Each time a customer enters into a buy or sell transaction, the Company charges a commissions and related clearing expenses are recorded on the trade date (the date that the Company fills the trade order by finding and contracting with a counterparty and confirms the trade with the customer). The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. ### Concessions Concessions. Concessions consist of 12b-1 fees managed by the Company. 12b-1 fees are earned on the Company's client assets under management. The fees are based on contractual rates applied to the average daily net asset value of eligible shares of a respective mutual fund held by the Company's clients. 12b-1 fees are earned over time and collected from the funds on a monthly or quarterly basis. ### Asset Management Premier Fees. The Company provides investment advisory services on a daily basis. The Company believes the performance obligation for providing advisory services is satisfied over time because the customer is receiving and consuming the benefits as they are provided by the Company. Fee arrangements are based on a percentage applied to the customer's assets under management. Fees are received quarterly and are recognized as revenue at that time as they related specifically to the service provided in that period, which are distinct from the services provided in other periods. {13}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS ### Miscellaneous and Interest Miscellaneous. The Company charges miscellaneous fees, including postage fees, special handling fees, and others each time a customer enters into a buy or sell transaction. Miscellaneous fees are recorded on the trade date (the date the Company fills the trade order by finding and contracting with a counterparty and confirms the trade with the customer). The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer of which the miscellaneous fees are related. Interest. The Company charges interest on a daily basis on customer assets under management which is covered by various other areas of General Accepted Accounting Principles. Interest income is outside of the scope of ASC 606, but is included in the table below to reconcile the total revenues to the statement of income. The following table presents revenue by major source, as December 31, 2025 ### Revenue from contract with customers | Brokerage commissions | \$336,357 | |-----------------------|-------------| | Concessions | 347,651 | | Premier Fees | 1,961,454 | | Interest Income | 29,775 | | Miscellaneous | 109.879 | | Total revenue | \$2.785.116 | {14}------------------------------------------------ # NOTES TO FINANCIAL STATEMENTS #### 3. Property and Equipment: A summary of property and equipment at December 31, 2025 is as follows: | Furniture and equipment | \$67.648 | |-------------------------------|----------| | Leasehold improvements | 8,586 | | | 76,234 | | Less accumulated depreciation | 76.234 | | | 80 | ### 4. Net Capital Requirements: The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Net capital and the related net capital ratio will fluctuate on a daily basis. At December 31, 2025 the Company had net capital of \$322,200 which was \$222,200 in excess of its required net capital of \$100,000. The Company's ratio of aggregate indebtedness to net capital ratio was 1.49 to 1. #### 5. Operating Line of Credit: The Company has a \$250,000 unsecured line of credit with U.S. Bank of Washington guaranteed by the stockholders due on demand, no maturity date. Interest is due monthly at the bank's prime rate plus 0.5%. There were no balances due under the line of credit agreement at December 31, 2025. #### Profit Sharing Plan: 6. The Company has established a profit-sharing plan with 401(k) features available to all eligible employees. Contributions to the plan are determined annually by the Company. Profit sharing plan contributions for the years ended December 31, 2025 were \$98,458. {15}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS #### 7. Lease Commitments: In 2018, the Company entered into a three-year office lease in a building which is owned 27% by two of the stockholders of the Company. The lease included two additional one year renewal options. The lease expired in September 2023 and was amended before expiration to extend the term an additional two years. The amendment included one additional one year renewal option, which was not exercised. In October 2025, the lease was amended to extend the term an additional two years. The amendment included an additional one year renewal option. The lease expires in September 2028 and the Company classified this lease as an operating lease. Since the Company is reasonably certain to exercise the renewal option, the optional period is included in determining the lease term. The Company's leases do not include termination options for either party to the lease or restrictive financial or other covenants. The weighted average discount rate is based on the Company's incremental borrowing rate. Total rent to related parties was \$104,834 for the year ended December 31, 2025. The components of lease costs for the year ended December 31, 2025 are as follows: \$104,834 Operating lease cost The lease right-of-use asset and lease liability are presented in the Statement of Financial condition. The following table summarizes the supplemental cash flow information for the year ended December 31, 2025: | Cash Paid for Amounts Included in the Measurement of Lease Liabilities | | |------------------------------------------------------------------------|-----------| | Operating Lease | \$104,364 | | Right-of-Use Assets Obtained in Exchange of Lease Liabilities | | | Operating Lease | \$191.491 | Other information related to leases as of December 31, 2025 as follows: | Weighted average remaining lease term: | 2.15 years | |----------------------------------------|------------| | Weighted average discount rate: | 7.25% | {16}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS Maturities of lease liabilities under noncancelable operating leases as of December 31, 2025, are as follows: ### Years ending December 31, | 2026 | 106.971 | |---------------|-----------| | 2027 | 109,641 | | 2028 | 83,768 | | Less interest | (27,463) | | | \$272.917 | #### વર્ષ Federal Income Taxes: Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between financial and income tax reporting. The amount of current and deferred taxes payable or refundable is recognized as of the date of the financial statements, utilizing currently enacted tax laws and rates. At the end of the year management reviews the Company's income and accrues bonuses in order to minimize taxable income. Deferred tax expenses or benefits, if material, are recognized in the financial statements for the changes in deferred tax liabilities or assets between years. As of December 31, 2025, \$73,200 was accrued for the benefit of deferred federal taxes. The Company has an unused operating loss carryforward of approximately \$345,000 at December 31, 2025. The loss carryforwards do not have an expiration date. The carryforward may be applied against future taxable income in an amount not to exceed 80% of the pre-loss carryforward taxable income in any given tax year. The deferred tax asset represents the future tax return consequences of the net operating loss, which can be used to decrease tax liabilities in the future. The deferred tax asset can be reduced by a valuation allowance if management deems it more likely than not that some or all of the deferred tax asset will not be realized. The Company has not recorded a valuation allowance for deferred tax asset, as it is management's opinion the deferred tax asset will be fully realized. There was no change in the valuation allowance during the year. | Deferred tax asset-net operating loss carry forward | \$73,200 | |-----------------------------------------------------|----------| | Less valuation allowance | | | | \$73,200 | {17}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS The Company's effective income tax rate differed from the actual federal statutory tax rate of 21% in 2025. As discussed in the previous paragraph, management reviews taxable income to minimize tax expense. As a result, income tax expense is related to differences between items included as an expense for financial statement purposes that are not deductible for income tax purposes. Those items include meals and entertainment and other expenses A reconciliation of income taxes computed at the federal statutory rate of 21% is as follows: | Federal income taxes at statutory rate | \$71 | |-------------------------------------------------------|-------| | Effect of meals, entertainment, and other differences | 267 | | Income Tax expense | \$338 | The Company evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. As of December 31, 2025, the unrecognized tax benefit accrual was zero. The Company will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. ### 9. Related Party Transactions The financial statements of the Company includes no receivable for advances made to an officer. If receivables are paid during the year, then they are taken as a deduction out of the officer's paycheck during January 2026. The Company also leases office space from a related party - see Note 7. ### 10. Stock Redemption Agreement: In accordance with the Company's stock control agreement, the Company shall purchase all the shares of stock held by a stockholder in accordance with the terms and conditions as set forth in the agreement if any of the following events have occurred: (a) death of the stockholder; (b) long term disability; or (c) voluntary or involuntary termination of an employed stockholder. These events listed are conditions and no liability is required to be recorded until these conditions are met. The purchase price is determined as the lesser of \$415 per share or the book value of the stock as of the effective date of the termination. {18}------------------------------------------------ NOTES TO FINANCIAL STATEMENTS ### 11. Subsequent Events: The Company evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through February 24th 2026, the date the financial statements were available to be issued, and has determined there are not subsequent events that require disclosure. ### 12. Broker Dealer - Single Reportable Segment Alliant Securities Inc. is engaged in a single line of business as a securities broker Dealer, which is comprised of several classes of services, including principal transactions, agency transactions, and investment advisory. The Company has identified its President, Michael O Nord and CEO Paul D Kienbaum as its chief operating decision makers ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 16) which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy. The company's operations constitute a single operation segment and therefore, a single reportable segment, because the CODM manages the business activities using information of Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. {19}------------------------------------------------ # SCHEDULE 1 COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION December 31, 2025 | Net capital: | | | | | |------------------------------------------------------------------------------|------|---------|--------|---------| | Stockholders' equity: | | | | | | Common stock | ન્ડે | 33,334 | | | | Additional paid-in capital | | 182.500 | | | | Retained earnings | | 180,166 | | | | Total stockholders' equity | | | S | 396,000 | | Deductions: | | | | | | Non-allowable assets: | | | | | | Prepaid expense | | 600 | | | | Deferred Tax Asset | | 73,200 | | | | | | | | 73,800 | | Net capital | | | | 322,200 | | Minimum net capital required | | | | 100,000 | | Excess net capital | | | રું છે | 222,200 | | Aggregate indebtedness: | | | | | | Accounts payable | ક્ષ્ | 32,870 | | | | Other liabilities | | 28,971 | | | | Accrued profit sharing plan contribution | | 98.458 | | | | Accrued payroll | | 307,668 | | | | Payroll and business taxes payable | | 8,537 | | | | Operating lease payable | | 3,032 | | | | Total aggregate indebtedness | | | ਦੇ ਤੋਂ | 479,536 | | Ratio: Aggregate indebtedness to net capital | | | | 1.49 | | No material differences exist between net capital and aggregate indebtedness | | | | | reported above and net capital and aggregate indebtedness reported on Focus Form X-17A-5 {20}------------------------------------------------ # SCHEDULE 2 COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION December 31, 2025 Alliant Securities, Inc. Turner ♦ Nord ♦ Kienbaum acts strictly as an introducing broker-dealer, clearing all transactions with and for customers on a fully disclosed basis with the clearing broker, which carries all of the accounts of such customers and maintains and preserves such books and records pertaining therefore, Alliant Securities, Inc. Turner ♦ Nord • Kienbaum is not required to carry a "Special Reserve Bank Account for the Exclusive Benefit of Customers", as stated under Exemption Rule 15c3-3. {21}------------------------------------------------ # SCHEDULE 3 RECONCILIATION WITH COMPANY'S COMPUTATION OF NET C INCLUDED IN PART II OF FORM X-17A-5 December 31, 2025 | Net capital:
Net capital as reported on FOCUS REPORT | \$322,200 | |-------------------------------------------------------------------------------|-----------| | Net capital as computed on page 16 | \$322,200 | | Aggregate indebtedness:
Aggregate indebtedness as reported on FOCUS REPORT | \$479,536 | | Aggregated indebtedness as computed on page 16 | \$479,530 | {22}------------------------------------------------ # SCHEDULE 4 INFORMATION RELATING TO POSSESSION OF CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION December 31, 2025 Alliant Securities, Inc. Turner + Nord + Kienbaum acts strictly as an introducing broker-dealer, clearing all transactions with and for customers on a fully disclosed basis with the clearing broker, which carries all of the accounts of such customers and maintains and preserves such books and records pertaining therefore, Alliant Securities, Inc. Turner ♦ Nord ♦ Kienbaum is exempt under Rule 15c3-3(k)(2)(ii). Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.