# VISCOGLIOSI & COMPANY, LLC X-17A-5 (2022-02-23) — Broker-dealer annual report - Company: VISCOGLIOSI & COMPANY, LLC - Form: X-17A-5 - Filed: 2022-02-23 - Period: 2021-12-31 - Accession: 0000795051-22-000003 - CIK: 1307978 - File #: 8-66717 - Type: Broker-dealer - Material weakness: No - Auditor: Sanford Becker & Co. P.C. - Auditor location: New York, NY - Contact: Steven Singer - Phone: 561-784-8922 - Email: jurquiola@vcollc.com - Website: vcollc.com - Signed by: Jean Urquiola (President) Original filing: https://www.sec.gov/Archives/edgar/data/1307978/000079505122000003/vcoshortform2021.pdf --- {0}------------------------------------------------ ### **VISCOGLIOSI & COMPANY, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021** {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** # **ANNUAL REPORTS FORM X-17A-5 PART Ill** **FACING PAGE** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-66717 Information Requited Pursuant to Rules 17a-s, 11a-12, and 18a-7 under the Securities Exchange Act of 1934 | FILING FOR THE PERIOD BEGINNING | | _____
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12/31/21
MM/DD/YY | |------------------------------------------------|--|----------------------------------------------|------------------|------------------------------------| | | | A. REGISTRANT IDENTIFICATION | | | | NAME OF FIRM: ___ V_is_c_o=g_lio_s_i _&_C_o_m~ | | pa_n_,y;; ,_L_L_C | ________________ | __ | TYPE OF REGISTRANT (check all applicable boxes): LXl Broker-dealer □ Security-based swap dealer □ Major security-based swap participant 0 Check here if respondent is also an OTC derivatives dealer ## ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | (No. and Street) | | | |----------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------|-----------------------------|------------| | New York | NY | 10022 | | | {City) | (State) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Jean Urguiola | 646-213-3703 | jurquiola@vcollc.com | | | (Name) | | \$
\$
(Email Address) | | | | (Area Code - Telephone Number) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | Sanford Becker & Co. P.C. | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
(Name - if individual, state last, first, and middle name) | | | | 1430 Broadway | New York | NY | 10018 | | | (City) | (State) | (Zip Code) | | (Address)
6/25/2009 | | 3563 | | - \* Claims for exemption from the requirement that the annual reports be covered by the 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-S(e)(l)(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 0MB control number.** {2}------------------------------------------------ ### **OATH OR AFFIRMATION** I, Jean Urquiola swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Viscoglio\$i & Company, LLC as of December 31 , 2021 , 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. ~ Notary Public *?/(b/2* uJ-1\_ **This filing\*\* contains (check all applicable boxes):** - uq (a) Statement of financial condition. - 5q (b) Notes to consolidated statement of financial condition. Signature: - □ (c) Statement of ihCome (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. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (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. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15t3-3. - D (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. - □ (I) 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. - D (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15t3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.lSc:3-l, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requiremehts 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. - D (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. - D (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. - □ (u) Independent public: accountant's report based on an examination of the financial report or 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 240.1.7.a-5 or 17 CFR 240.18a-7, as applicable. - □ (w) Independent public atc:ountaht's report based on a review of the exemption report under 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - □ (x} supplemental r~ports on applying agreed-upon procedures, in accordance with 17 CFR 240.15t3-1e or 17 CFR 240.17a-12, as applicable. - □ (y) Report de.scribing 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). □ (z) Other: --- -~------------ ----- ------ - ----- --------- - - - \*\*To *request confidential treatment* of *certain portions of* this *filing, see* 17 CFR 240.17a-5(e)(3) *or* 17 CFR 240.18a-7(d)(2), as *applicable.* {3}------------------------------------------------ #### **VISCOGLIOSI & COMPANY, LLC STATEMENT OF FINANCIAL CONDITION REPORT DECEMBER 31, 2021** #### **TABLE OF CONTENTS** | | ----
Page | |---------------------------------------------------------|--------------| | Report of Independent Registered Public Accounting Firm | | | Financial Statement | | | Statement of Financial Condition | 2 | | Notes to Statement of Financial Condition | 3 -
5 | {4}------------------------------------------------ **SANFORD BECKER & CO., P.C.** CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS ADVISORS 1430 BROADWAY - SUITE 605 NEWYORK, N.Y. 10018 > TELEPHONE (212) 921 - 9000 FACSIMILE. (212) 354-1822 #### **Report of Independent Registered Public Accounting Firm** To the Members of Viscogliosi & Company LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Viscogliosi & Company LLC, as of December 3 J, 2021 and the related notes ( collectively referred to as the "financial statement"). In our opinion, the financial statement present fairly, in all material respects, the financial position of the Company, as of December 31, 2021 in conformity with the accompanying principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement 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 is free of material misstatements, whether due to error or fraud. Our audit included perfonning procedures to assess the risks of material misstatement of the financial statement, 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 overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditors since 2009. NewYork,NY February 17, 2022 {5}------------------------------------------------ #### **VISCOGLIOSI & COMPANY, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021** #### **ASSETS** | Total
Assets | \$
34,615 | |-----------------|--------------| | Other
assets | 4,336 | | Cash | \$
30,279 | #### **LIABILITIES AND MEMBERS' EQUITY** | Total
Liabilities
and
Members'
Equity | \$
34,615 | |---------------------------------------------------|--------------| | Members'
Equity
Members'
equity | 15,545 | | Liabilities
Accrued
expenses | \$
19,070 | The accompanying notes are part of this financial statement. {6}------------------------------------------------ #### **VISCOGLIOSI & COMPANY, LLC NOTES TO STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021** #### **Note 1 - Summary of Significant Accounting Policies** #### **Nature of Operations** Viscogliosi & Company, LLC, (the "Company"), is majority owned by Viscogliosi Brothers, LLC ("VB"). The Company is a registered broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA) and is subject to regulation by the United States Securities and Exchange Commission (SEC) and FINRA. The Company provides and is engaged in private placements, investment banking and underwriting services. All revenue, if any, is derived from the Company's private placement income, advisory and consulting fees which are from affiliated companies in which the Company, VB, or certain members of VB have ownership interests. VB intends to provide the Company with sufficient working capital to meet future operations and minimum net capital requirements. #### **Securities Transactions** Securities owned are carried at quoted market values, and securities not readily marketable are valued at fair value as determined by management. Securities transactions and the related revenue and expenses are recorded on a trade date basis. #### **Revenue Recognition** The Company provides private placement and investment banking services to its clients. Revenue for these services is generally recognized at the point in time that performance under the arrangements is completed (the closing of the transaction) or the contract is cancelled and when the amount is determinable and realizable. #### **Use of Estimates** The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. {7}------------------------------------------------ #### **VISCOGLIOSI & COMPANY, LLC NOTES TO STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021** #### **Note 1 - Summary of Significant Accounting Policies (Continued)** #### **Cash Equivalents** For purposes of the statement of cash flows, cash equivalents include highly liquid debt instruments purchased with original maturities of three months or less. #### **Income Taxes** The Company, as a limited liability company, has elected to be treated similar to a partnership, whereby its taxable income or loss is taxable directly to its members. Accordingly, no provision for Federal and State income tax has been provided. Management of the Company is not aware of any issues or circumstances that would unfavorably impact its tax status. Management has determined that the Company had no uncertain tax positions that would require financial statement recognition. #### **Note 2 - Concentration of Credit Risk** The Company maintains cash balances at a financial institution. Accounts at the institution are insured by the Federal Deposit Insurance Corporation up to \$250,000. #### **Note 3 - Net Capital Requirements** The Company is subject to the net capital requirements of SEC Rule 15c3-1, which requires a broker-dealer to have at all times sufficient liquid assets to cover current indebtedness. In accordance with the rule, the Company is required to maintain minimum net capital of the greater of \$5,000 or 1/15th of aggregate indebtedness. At December 31, 2021, the Company had net capital, as defined, of \$11,209 which exceeded the required minimum net capital by \$6,209. Aggregate indebtedness at December 31, 2021 totaled \$19,070 and the ratio of aggregate indebtedness to net capital was 1.70 to 1. {8}------------------------------------------------ #### **VISCOGLIOSI & COMPANY, LLC NOTES TO STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021** #### **Note 4 – Related Party Transactions** The Company has an agreement with VB, whereby the Company pays VB for rent and administrative services. At December 31, 2021, there is a balance due from the Company to VB of \$16,200, which is included in accrued expenses on the statement of financial condition. The Company recognizes that it does not have sufficient revenue to support its ongoing operations. VB has assured the Company that it will continue to provide the necessary capital to ensure that the Company remains in net capital compliance under Rule 15c3-1. Further, VB has confirmed that it has the necessary capital to continue to fund the operations of the Company through February 17, 2023. #### **Note 5 – Subsequent Events** The Company has evaluated subsequent events through the date that this financial statement was available to be issued. There were no subsequent events requiring disclosure. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.