# BLAKESLEE AND BLAKESLEE INC. X-17A-5 (2026-03-02) — Broker-dealer annual report
- Company: BLAKESLEE AND BLAKESLEE INC.
- Form: X-17A-5
- Filed: 2026-03-02
- Period: 2025-12-31
- Accession: 0000748089-26-000003
- CIK: 748089
- File #: 8-32071
- Type: Broker-dealer
- Material weakness: No
- Auditor: DCPA - Amy Fusco
- Auditor location: CENTURY CITY, CA
- Contact: Deirdre Torres
- Phone: 8055434366
- Email: sblakeslee@blakeslee-blakeslee.com
- Website: blakeslee-blakeslee.com
- Signed by: Sam N. Blakeslee (President)
Original filing: https://www.sec.gov/Archives/edgar/data/748089/000074808926000003/Publicbb.pdf
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**Blakeslee & Blakeslee, Inc. Report Pursuant to Rule 17a-5 (d) Financial Statements For the Year Ended December 31, 202**
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| SEC FILE NUMBER | |
|-----------------|--|
| 2-22071 | |
| | | (No. and Street) | | | | |
|-----------------------------------------------------------------------------------|--------|------------------------------------------------------------|---------|--------------------------------------------|--|--|
| SAN LUIS OBISPO | | CA | | 93041 | | |
| (City) | | (State) | | (Zip Code) | | |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | |
| Sam N. Blakeslee | | 805-543-4366 | | sblakeslee@blakeslee-blakeslee.com | | |
| (Name) | | (Area Code - Telephone Number) | | (Email Address) | | |
| | | B. ACCOUNTANT IDENTIFICATION | | | | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
DCPA | | | | | | |
| | | (Name - if individual, state last, first, and middle name) | | | | |
| 2121 Avenue of the Stars #800 Century City | | | | California 90067 | | |
| (Address) | (City) | | (State) | (Zip Code) | | |
| 9/15/2020 | | | 6567 | | | |
| (Date of Registration with PCAOB)(if applicable) | | | | (PCAOB Registration Number, if applicable) | | |
| | | FOR OFFICIAL USE ONLY | | | | |
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| Sam N. Blakeslee | swear (or affirm) that, to the best of my knowledge and belief, the | |
|-------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|--|
| tinancial report pertaining to the firm of BLAKESLEE AND BLAKESLEE INC. | 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 person, as the case may be, has any proprietary interest in any account classified solely | |
| as that of a customer. | | |
| | Signature: | |
| | | |
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### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
DCPA
To The Board of Directors and the Stockholders of Blakeslee & Blakeslee, Inc.:
#### **Opinion on the Financial Statements**
We have audited the accompanying statement of financial condition of Blakeslee & Blakeslee, 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, and 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 the year then ended, in conformity with accounting principles generally accepted in the United States.
#### **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. 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 information contained in Schedules I and II ) has been subjected to audit procedures performed in conjunction with the audit of the Information is the responsibility of the Company 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, Schedules I and II are fairly stated, in all material respects, in relation to the financial statements taken as a whole.
DCPA We have served as the Company's auditor since 2022. Century City, California February 26, 2026
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# **Blakeslee & Blakeslee Statement of Financial Condition December 31, 2025**
#### **Assets**
| Cash
Commissions receivable
Due from affiliate
Property and equipment, net
Other assets
Right of use assets | \$
292,589
1,140
90,824
47,478
25,726
145,536 |
|----------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
| Total assets | \$
603,293 |
| Liabilities and Stockholders' Equity | |
| Liabilities | |
| Accounts payable and accrued expenses | \$
750 |
| Credit card payable
Lease payables | 568
155,141 |
| Total liabilities | 156,459 |
| Stockholders' equity | |
| Common stock, no par value, 200,000 shares authorized, | 59,205 |
| 68,843 shares issued and outstanding | |
| Retained earnings | 387,629 |
| Total stockholders' equity | 446,834 |
| Total liabilities and stockholders' equity | \$
603,293 |
*The accompanying notes are an integral part of these financial statements.*
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# **For the Year Ended December 31, 2025 Statement of Income Blakeslee & Blakeslee**
| Revenues | |
|-----------------------------------------------------|-----------------|
| Commissions | \$
2,637,006 |
| Other income | 308,537 |
| Total revenues | 2,945,543 |
| Expenses | |
| Employee compensation and benefits | 735,930 |
| Commission expense | 1,611,077 |
| Communications | 115,833 |
| Occupancy and equipment rental | 280,638 |
| Other operating expenses | 162,316 |
| Total expenses | 2,905,794 |
| Operating income (loss) before income tax provision | 39,749 |
| Income tax provision | 1,790 |
| Net income (loss) | \$
37,959 |
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# **Blakeslee & Blakeslee Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2025**
| | Common
Stock | | Retained
Earnings | | Total | |
|------------------------------|-----------------|--------|----------------------|---------|-------|---------|
| Balance at December 31, 2024 | \$ | 59,205 | \$ | 349,670 | \$ | 408,875 |
| Net income (loss) | | - | | 37,959 | | 37,959 |
| Balance at December 31, 2025 | \$ | 59,205 | \$ | 387,629 | \$ | 446,834 |
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# **For the Year Ended December 31, 2025 Statement of Cash Flows Blakeslee & Blakeslee**
| Cash flow from operating activities: | | |
|--------------------------------------------------------------------|--------------|---------------|
| Net income (loss) | | \$
37,959 |
| Adjustments to reconcile net income (loss) to net | | |
| cash provided by (used in) operating activities: | | |
| Depreciation expense | \$
4,500 | |
| Amortization right of use assets | 109,328 | |
| (Increase) decrease in assets: | | |
| Commissions receivable | 1,980 | |
| Due from affiliate | (21,170) | |
| Increase (decrease) in liabilities: | | |
| Accounts payable and accrued expenses | (1,377) | |
| Credit card payable | 568 | |
| Lease payable | (105,992) | |
| Total adjustments | | (12,163) |
| Net cash provided by (used in) operating activities | | 25,796 |
| Cash flows from investing activities: | | - |
| Cash flows from financing activities: | | - |
| Net increase (decrease) in cash | | 25,796 |
| Cash at beginning of year | | 266,793 |
| Cash at end of year | | \$
292,589 |
| Supplemental disclosure of cash flow information: | | |
| Cash paid during the year for: | | |
| Interest | \$
9,660 | |
| Income taxes | \$
1,790 | |
| Supplemental disclosures of non-cash transactions: | | |
| The Company recognized a right of use asset and lease obligations: | \$
49,062 | |
*The accompanying notes are an integral part of these financial statements.*
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# **Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
## *General*
Blakeslee & Blakeslee, Inc. (the "Company) was incorporated in the State of California on March 1, 1984. The Company is a registered broker-dealer in securities under the Securities and Exchange Act of 1934, a member of the Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC).
The Company is engaged in business as a securities broker-dealer, that provides several classes of services, including mutual fund sales, and variable and fixed annuities.
The Company transacts business with its clients in primarily San Luis Obispo and Santa Barbara counties.
## *Summary of Significant Accounting Policies*
The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America (US GAAP) 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.
Commissions receivables are stated at face amount with no allowance for doubtful accounts. An allowance for doubtful accounts is not considered necessary because probable uncollectible accounts are immaterial. The balance as of December 31, 2025 was \$1,140.
Property and equipment are stated at cost net of accumulated depreciation. Repairs and maintenance to these assets are charged to expense as incurred; major improvements enhancing the function and/or useful life are capitalized. When items are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gains or losses arising from such transactions are recognized.
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# **Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**
Securities transactions are recorded on a trade date basis with related commission income and expenses also recorded on a trade date basis except for trail commissions which are recorded when received. This is not in accordance with US GAAP as the difference between US GAAP and the Companys recognition of its trail commissions is immaterial when compared to the financial statements taken as a whole.
The Company accounts for its income taxes in accordance with FASB ASC 740, Income Taxes. This standard requires the establishment of a deferred tax asset or liability to recognize the future tax effects of transactions that have not been recognized for tax purposes, including taxable and deductible temporary differences as well as net operating loss and tax credit carryforwards. Deferred tax expenses or benefits are recognized as a result of changes in the tax basis of an asset or liability when measured against its reported amount in the financial statements.
Current income taxes are provided for estimated taxes payable or refundable based on tax returns. Deferred income taxes are recognized for the estimated future tax effects attributable to temporary differences in the basis of assets and liabilities for financial and tax reporting purposes. Measurement of current and deferred tax assets and liabilities is based on provisions of enacted federal and state tax laws.
ASC 842 generally applies to leases that have a lease term greater than 12 months at lease commencement, or that include an option to purchase the underlying asset the Company is reasonably certain to exercise. The Company is a lessee in several noncancelable operating leases for office space subject to ASC 842, applied as set forth below.
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# **Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**
The Company determines if an arrangement is a lease, or contains a lease, at inception of a contract and when the terms of an existing contract are changed. The Company recognizes a lease liability and a Right-of-use asset (ROUA) at the commencement date of the lease. The lease liability is initially and subsequently recognized based on the present value of its future lease payments. Variable payments are included in the future lease payments when those variable payments depend on an index or a rate. The discount rate is the implicit rate if it is readily determinable or otherwise the Company uses its incremental borrowing rate (IBR) at the leases commencement date. The Companys IBR represents the rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms and in a similar economic environment. The ROUA is subsequently measured throughout the lease term at the amount of the remeasured lease liability, representing the present value of the remaining lease payments; as adjusted for unamortized initial direct costs, prepaid or accrued lease payments; unamortized lease incentives received; and any impairments. Lease cost for lease payments is recognized on a straight-line basis over the lease term.
The Company has evaluated events subsequent to the Statement of Financial Condition date for items requiring recording or disclosure in the financial statements. The evaluation was performed through the date the financial statements were available to be issued. Based upon this review, the Company has determined that there were no events which took place that would have a material impact on its financial statements.
## **Note 2: DUE FROM AFFILIATE**
For the year ended December 31, 2025, the Company is owed \$90,824 from an affiliate, Blakeslee & Blakeslee Financial Advisors, Inc. (BBFAI), for payroll and other shared administrative costs under an expense sharing agreement. These shared costs are included in the various expense balances shown on the State of Income. Reimbursements of these shared costs totaling \$292,966 during the year ended December 31, 2025 is included in Other Income on the Statement of Income.
The Companys majority shareholder is also the majority shareholder of BBFAI and it is possible that the terms of certain related party transactions are not the same as those that would result for transactions amount wholly unrelated parties.
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## **Note 3: PROPERTY AND EQUIPMENT, NET**
Property and equipment are recorded net of accumulated depreciation and summarized by major classification as follows:
| | | | Useful Life |
|--------------------------------------|-----------|---------|-------------|
| Furniture and fixtures | \$ | 38,645 | 7 |
| Equipment | | 89,664 | 5 |
| Leasehold improvements | | 21,713 | 39 |
| Total cost of property and equipment | | 150,022 | |
| Less: accumulated depreciation | (102,544) | | |
| Property and equipment, net | )
\$ | 47,478 | |
Depreciation expense for the year ended December 31, 2025 was \$ 4,500.
## **Note 4: INCOME TAXES**
The provision for income tax expense (benefit) is composed of the following:
| | Current | Deferred | Total |
|------------------------------------|----------------|----------|-------|
| Federal | \$
474 \$ | -
\$ | 474 |
| State | 1,316 | - | 1,316 |
| Total income tax expense (benefit) | \$
1,790 \$ | -
\$ | 1,790 |
The Company is required to file income tax returns in both federal and state tax jurisdictions. The Companys tax returns are subject to examination by taxing authorities in the jurisdictions in which it operates in accordance with the normal statutes of limitations in the applicable jurisdiction. For federal purposes, the statute of limitations is three years. Accordingly, the Company is no longer subject to examination of federal returns filed more than three years prior to the date of these financial statements. The statute of limitations for state purposes is generally three years but may exceed this limitation depending upon the jurisdiction involved. Returns that were filed within the applicable statute remain subject to examination. As of December 31, 2025, the IRS has not proposed any adjustment to the Companys tax position.
Deferred taxes are also the result of timing differences arising from different methods of depreciation used for income tax accounting and accounting principles generally accepted in the United States of America. A 100% valuation allowance has been applied against this asset since management cannot determine if it is more likely than not that the entire asset will be realized.
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### **Note 5: RETIREMENT PLAN**
The Company maintains a SIMPLE IRA Plan (the "Plan") covering all its eligible employees. The Plan is discretionary, and continuance of the plan is at the sole election of the Company. Under the terms of the plan, all employees, 21 years of age or older, are eligible to participate in the Plan. The Company recorded a \$11,068 contribution to this plan, which is included in employee compensation and benefits on the Statement of Income. There is a 3% matching requirement.
### **Note 6: CONCENTRATIONS OF CREDIT RISK**
The Company is engaged in various trading and brokerage activities in which counter-parties 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 counter-party or issuer of the instrument. It is the Companys policy to review, as necessary, the credit standing of each counter-party.
### **Note 7: LEASES**
The Company has obligations as a lessee for office space with initial noncancelable terms in excess of one year. The Company classified these leases as operating leases. These leases generally contain renewal options for periods ranging from two to three years. Because the Company is not reasonably certain to exercise these renewal options, the optional periods are not included in determining the lease term, and associated payments under these renewal options are excluded from lease payments. The Companys leases do not include termination options for either party to the lease or restrictive financial or other covenants. Payments due under the lease contracts include fixed payments plus, for certain of the Companys leases, variable payments. The Companys office space leases require it to make variable payments for the Companys proportionate share of the buildings property taxes, insurance, and common area maintenance. These variable lease payments are not included in lease payments used to determine lease liability and are recognized as variable costs when incurred. A 5% discount rate has been used in determination of the lease liability. The lease costs for the year ended December 31, 2025 are:
| Operating lease costs | \$229,598 |
|----------------------------------------------------------------------|-----------|
| Variable lease costs | 7,331 |
| Total lease costs included in occupancy and equipment rental expense | \$236,929 |
Amounts reported in the Statement of Financial Condition as of December 31, 2025 are as follows: Operating leases:
| Right of use asset | \$ 145,536 |
|--------------------|------------|
| Lease payable | \$ 155,141 |
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Amounts disclosed for ROUA obtained in exchange for lease obligations and reductions to ROUA assets resulting from reductions to lease obligations include amounts added to or reduced from the carrying amount of ROUA resulting from new leases, lease modifications or reassessments.
Maturities of lease liabilities under noncancelable operating leases as of December 31, 2025 are as follows:
| 2026 | \$ 164,520 |
|-----------------------------------|------------|
| 2027 | 4,300 |
| Total undiscounted lease payments | \$ 1 |
| Less imputed interest | (13,679) |
| Total lease payable | \$ 155,141 |
## **Note 8: CONTINGENCIES**
The Company maintains several bank accounts at financial institutions. These accounts are insured either by the Federal Deposit Insurance Commission (FDIC), up to \$250,000, or the Securities Investor Protection Corporation (SIPC), up to \$500,000. At times during the year ended December 31, 2025, cash balances held in financial institutions were in excess of the FDIC and SIPCs insured limits. The Company has not experienced any losses in such accounts and management believes that it has placed its cash on deposit with financial institutions which are financially stable.
# **Note 9: RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS**
The Financial Accounting Standards Board (the FASB) has established the Accounting Standards Codification (Codification or ASC) as the authoritative source of generally accepting accounting principles (GAAP) recognized by the FASB. The principles embodies in the Codification are to be applied by nongovernmental entities in the preparation of financial statements in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the ASC through the issuance of Accounting Standards Updates (ASUs).
For the year ending December 31, 2025, various ASUs issued by the FASB were either newly issued or had effective implementation dates that would require their provisions to be reflected in the financial statements for the year then ended. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Companys financial statements. In most cases, management has determined that the pronouncement has either limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statements taken as a whole.
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## **Note 10: NET CAPITAL REQUIREMENTS**
The Company is subject to the Securities and Exchange Commission 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. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. Net capital and aggregate indebtedness change day to day, but on December 31, 2025, the Company had net capital of \$253,196 which was \$248,196 in excess of its required net capital of \$5,000; and the Company's ratio of aggregate indebtedness (\$1,318) to net capital was 0.01 to 1, which is less than the 15 to 1 maximum allowed.
## **Note 11: GUARANTEES**
FASB ASC 460, Guarantees, requires the Company to disclose information about its obligations under certain guarantee arrangements. FASB ASC 460 defines guarantees as contracts and indemnification agreements that contingently require a guarantor to make payments to the guaranteed party based on changes in an underlying factor (such as an interest or foreign exchange rate, security or commodity price, an index or the occurrence or nonoccurrence of a specified event) related to an asset, liability or equity security of a guaranteed party. This guidance also defines guarantees as contracts that contingently require the guarantor to make payments to the guaranteed party based on another entity's failure to perform under an agreement as well as indirect guarantees of indebtedness of others.
The Company has issued no guarantees on December 31, 2025 or during the year then ended.
## **Note 12: SEGMENT REPORTING**
The Company follows Accounting Standards Update 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07) , which expands reportable segment information by requiring companies to disclose, on an annual and interim basis, significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (CODM) and included within each reported measure of a segment's profit or loss. ASU 2023-07 also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM makes decisions about allocating resources to segments and evaluating performance.
The Company conducts its business activities and reports financial results as a single reportable brokerage services segment. The CODM title and position is the CEO who make decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents their financial results. The nature of business and accounting policies of the brokerage services segment are the same as described in the description of business and summary of significant accounting policies.
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# **Pursuant to Rule 15c3-1 Schedule I - Computation of Net Capital Requirements Blakeslee & Blakeslee For the Year Ended December 31, 2025**
| Computation of net capital | | |
|------------------------------------------------|--------------|---------------|
| Common stock | \$
59,205 | |
| Retained earnings | 387,629 | |
| Total stockholders' equity | | \$
446,834 |
| Less: Non-allowable assets | | |
| Due from affiliate | (90,824) | |
| Property and equipment, net | (47,478) | |
| Commissions receivable | (78) | |
| Other assets | (25,725) | |
| Total non-allowable assets | | (164,105) |
| Net capital | | 282,729 |
| Computation of net capital requirements | | |
| Minimum net capital requirements | | |
| 6 2/3 percent of net aggregate indebtedness | \$
88 | |
| Minimum dollar net capital required | 5,000 | |
| Net capital required (greater of above) | | (5,000) |
| Excess net capital | | \$
277,729 |
| Aggregate Indebtedness | | \$
1,318 |
| Ratio of aggregate indebtedness to net capital | 0.01 to 1 | |
There was no material difference between net capital computation shown here and the net capital computation shown on the Company's most recently filed Part IIa Form X-17A-5 report dated December 31, 2025.
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## **As of December 31, 2025 Blakeslee & Blakeslee, Inc. Schedule II - Computation for Determination of the Reserve Requirements and Information Relating to Possession or Control Requirements For Brokers and Dealers Pursuant to SEC Rule 15c3-3**
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**Blakeslee & Blakeslee, Inc. Report on Exemption Provisions Pursuant to Provisions of 17 C.F.R. § 15c3-3(k) For the Year Ended December 31, 202**
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### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
DCPA
To The Board of Directors and the Stockholders of Blakeslee & Blakeslee, Inc.:
We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Blakeslee & Blakeslee, Inc. does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and (2) Blakeslee & Blakeslee, Inc. Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a- but limited to (1) direct mutual fund; (2) annuities; and (3) sale of 529 Plans and that the Company did not identify any exceptions to this assertion throughout the year ended December 31, 2025. Blakeslee & Blakeslee, Inc. exemption provisions, and the provisions of Footnote 74, and its statements.
Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Blakeslee & Blakeslee, Inc.'s compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in the Non-Covered Firm provision.
DCPA
Century City, California February 26, 2026
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**Blakeslee & Blakeslee, Inc. Report on the SIPC Annual Assessment Pursuant to Rule 17a-5(e)4 For the Year Ended December 31, 2025**
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## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES**
DCPA
To The Board of Directors and the Stockholders of Blakeslee & Blakeslee, Inc.:
We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below and were agreed to by Blakeslee & Blakeslee, Inc. and the SIPC, solely to assist you and SIPC in evaluating Blakeslee & Blakeslee, Inc. Reconciliation (Form SIPC-7) for the year ended December 31, 2025. Blakeslee & Blakeslee, Inc. management is responsible for its Form SIPC-7 and for its compliance with those requirements. This agreedupon procedures engagement was conducted in accordance with standards established by the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed, and our findings are as follows:
- 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences;
- 2) Compared the Total Revenue amount reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2025 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2025, noting no differences;
- 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences;
- 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and
- 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences.
We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on Blakeslee & Blakeslee, Inc. applicable instructions of the Form SIPC-7 for the year ended December 31, 2025. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures; other matters might have come to our attention that would have been reported to you.
This report is intended solely for the information and use of Blakeslee & Blakeslee, Inc. and the SIPC and is not intended to be and should not be used by anyone other than these specified parties.
Century City, California February 26, 2026
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# **Blakeslee & Blakeslee, Inc. Schedule of Securities Investor Protection Corporation Assessments and Payments For the Year Ended December 31, 2025**
| | Amount | | |
|-----------------------------------------------------------|--------|--|--|
| Total assessment | | | |
| 0IWWTVMSVSZIVTE]QIRXETTPMIH | | | |
| Total assessment balance
(overpayment carried forward) | | | |
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.