# PACIFIC FINANCIAL ASSOCIATES NV, INC. X-17A-5 (2025-09-30) — Broker-dealer annual report - Company: PACIFIC FINANCIAL ASSOCIATES NV, INC. - Form: X-17A-5 - Filed: 2025-09-30 - Period: 2025-06-30 - Accession: 0000844934-25-000002 - CIK: 844934 - File #: 8-40712 - Type: Broker-dealer - Material weakness: No - Auditor: ohab and company pa - Auditor location: maitland, FL - Contact: alex feldman - Phone: 954-732-4495 - Email: tiffcap@gmail.com - Website: ohabco.com - Signed by: alex feldman (General Principal) Original filing: https://www.sec.gov/Archives/edgar/data/844934/000084493425000002/Audit20251.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 SEC FILE NUMBER ## **ANNUAL REPORTS 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** FILING FOR THE PERIOD BEGINNING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ AND ENDING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 07/01/2024 06/30/2025 MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** #### NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ PACFIC FINANCIAL ASSOCIATES TYPE OF REGISTRANT (check all applicable boxes): ☐ Broker-dealer ☐ Security-based swap dealer ☐ Major security-based swap participant ☐ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) #### \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 10170 SWEET BAY CT | | (No. and Street) | | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|-----------------|--------------------------------------------| | PARKLAND
_____________________________________________________________________________________ | FLORIDA | | 33076 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | ALEX FELDMAN
_____________________________________________________________________________________ | 954-732-4495 | | TIFFCAP@GMAIL.COM | | (Name) | (Area Code – Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
OHAB AND COMPANY, PA
_____________________________________________________________________________________ | (Name – if individual, state last, first, and middle name) | | | | 100 E SYBELIA AVE, SUITE 130
_____________________________________________________________________________________ | MAITLAND | FL | 32751 | | (Address) | (City) | (State) | (Zip Code) | | JULY 28, 2004
_____________________________________________________________________________________ | | 1839 | | | (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 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-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 #### |. ALEXANDER FELDMAN , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of PACIFIC FINANCIAL ASSOCIATES as of 6/30 2 025 \_\_ , is true and correct. I further swear (or affirm) that neither the company nor ony partner, officer, director, or equivalent person, as the case may be, has any propriet ariner the conjparity hor any as that of a customer. ![](_page_1_Picture_4.jpeg) | Signature: | | |------------|--| | | | | Title: | | GENERAL PRINCIPAL Notary Public #### This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - □ (b) Notes to consolidated statement of financial condition. - (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. - = (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. - □ (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. - | Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 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. - (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, 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. - (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. - (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 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to 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 240.18c-7(d)(2), as applicable. {2}------------------------------------------------ **PACIFIC FINANCIAL ASSOCIATES, NV** **Financial Statements** **For the Fiscal Year Ended June 30, 2025** {3}------------------------------------------------ **Pacific Financial Associates, NV** **For the year-end June 30, 2025** **Table of Contents** #### Financial Statements Statement of Financial Condition Statement of Income (Loss) Statement of Changes in Stockholder's Equity Statement of Cash Flows Notes to Financial Statements #### Supplemental Information Schedule I – Computation of Net Capital Requirements Pursuant to Rule 15c3-1 of the Securities and Exchange Commission as of June 30, 2025 Schedule II – Computation for Determination or Reserve Requirements Pursuant to Rule 15c3-3 Schedule III – Information Relating to Possession or Control Requirements under Rule 15c3-3 {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholder of Pacific Financial Associates, Inc. #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Pacific Financial Associates, Inc. as of June 30, 2025, the related statements of income, changes in stockholder's 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 Pacific Financial Associates, Inc. as of June 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 Pacific Financial Associates, Inc.'s management. Our responsibility is to express an opinion on Pacific Financial Associates, Inc.'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 Pacific Financial Associates, Inc. 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. #### Auditor's Report on Supplemental Information The Schedules I, II and III have been subjected to audit procedures performed in conjunction with the audit of Pacific Financial Associates, Inc.'s financial statements. The supplemental information is the responsibility of Pacific Financial Associates, Inc.'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 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, II and III are fairly stated, in all material respects, in relation to the financial statements as a whole. Ohal and Compay . Or We have served as Pacific Financial Associates, Inc.'s auditor since 2020. Maitland, Florida September 26, 2025 {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholder of Pacific Financial Associates, Inc. #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Pacific Financial Associates, Inc. as of June 30, 2025 and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial Associates, Inc. as of June 30, 2025 in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of Pacific Financial Associates, Inc.'s management. Our responsibility is to express an opinion on Pacific Financial Associates, Inc.'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 Pacific Financial Associates, Inc. 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 statement is 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 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 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. Offall and Compy. 88 We have served as Pacific Financial Associates, Inc.'s auditor since 2020. Maitland, Florida September 26, 2025 {6}------------------------------------------------ ![](_page_6_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam(@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholder of Pacific Financial Associates, Inc. We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) Pacific Financial Associates, Inc. (the Company) did not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, and (2) the Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to collecting trailing 12B-1 and commissions. In addition, the Company did not directly receive, hold, or otherwise owe funds or securities for 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 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not cary accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. Pacific Financial Associates, Inc.'s management is responsible for compliance with the provisions contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions 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 Pacific Financial Associates, Inc.'s compliance with the exemption . 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 upon the Company's business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. Ohab and Company, PA Maitland, Florida September 26, 2025 {7}------------------------------------------------ ## **Pacific Financial Associates, NV Notes to Financial Statements For the fiscal year ended June 30, 2025** ## **Note 1 – Organization and Nature of Business** Pacific Financial Associates, NV (the "Company") was organized in the State of Nevada on December 8th, 2000. The Company is a registered broker/dealer under the Securities and Exchange Act of 1934 and is a member of the Financial Industry Regulatory Agency (FINRA) and the Securities Investment Protection Corporation ("SIPC"). ## **Note 2 – Significant Accounting Policies** **Basis of Presentation** – The Company conducts the following types of business as a securities broker-dealer, which comprises several classes of services, including: - Mutual fund retailer - Broker or dealer selling variable life insurance or annuities Under its membership agreement with FINRA and pursuant to Rule 15c3-3 (k) (1), the Company will not hold customer funds or safe keep customer securities. Accordingly, the Company is exempt from the requirement of Rule 15c3-3 under the Securities Exchange Act of 1934 pertaining to the possession or control of customer assets and reserve requirements. **Commissions** – Commissions from the sale of mutual funds and variable annuities are recognized as revenue at the point in time the associated service is fulfilled, which is based on the trade date. **Distribution Fees- 12 B1's** – The company enters into arrangements with managed accounts or other pooled investments vehicles (funds) to distribute shares to investors. The Company may receive distribution fees paid by the fund up front, over time, upon the investor's exit from the fund (that is, a contingent deferred sales charge), or as a combination thereof. The Company believes that its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, as the uncertainty is dependent on the value of the shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome this constraint until the market value of the fund and the investor activities are known, which are usually monthly or quarterly. Distribution fees recognized in the current period are primarily related to performance obligations that have been satisfied in prior periods. **Use of Estimates** - 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 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. **Income Taxes** – 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. Deferred tax {8}------------------------------------------------ ## **Pacific Financial Associates, NV Notes to Financial Statements For the fiscal year ended June 30, 2025** #### **Note 2 – Significant Accounting Policies (continued)** expenses or benefits are recognized in the financial statements for the changes in deferred tax liabilities or assets between years. However, no such expenses or benefits were recorded as of June 30, 2024 because it is not material. The Company recognizes and measures its unrecognized tax benefits in accordance with FASB ASC 740*, Income Taxes*. Under that guidance the Company assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax benefits is adjusted when new information is available, or when an event occurs that requires a change. **Cash and Cash Equivalents -** The Company has defined cash equivalents as highly liquid investments, with original maturities of less than three months that are not held for sale in the ordinary course of business. ## **Note 3 - Fair Value of Financial Instruments** Unless otherwise indicated, the fair values of all reported assets and liabilities that represent financial instruments (none of which are held for trading purposes approximate the carrying values of such amounts. ## **Note 4 – Related Parties** The company pays a small commission to its sole stockholder. During the year commissions of \$5,100 were paid to the stockholder. Additionally, the stockholder received a monthly fee for telephone and auto expense totaling \$2,547 for the year ending June 30th, 2025. #### **Note 5 – Net Capital Requirements** The Company is subject to the SEC Uniform Net Capital Rule SEC Rule 15c3-1(a) (2) (vi), 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. At June 30, 2025, the Company had net capital of \$7,776 which was \$2,776 in excess of its required net capital of \$5,000. The Company's net capital ratio was **1.09 to 1.** {9}------------------------------------------------ ## **Pacific Financial Associates, NV Notes to Financial Statements For the fiscal year ended June 30, 2025** #### **Note 6 - Income Taxes** At June 30, 2025 there was a provision of \$14 of Federal income tax and no State income taxes due. There is no state income tax in Nevada where incorporated and Florida corporate taxes are based on Federal taxes with a \$50,000 exemption. The accounting principles generally accepted in the United States of America provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Company in its Federal and State organization tax returns are more likely than not to be sustained upon examination. The Company is subject to examinations by U.S. Federal and State tax authorities from July 1, 2021 to the present, generally for three years after they are filed. ## **Note 7- Exemption from SEC Rule 15c3-3** Under its membership agreement with FINRA and pursuant to Rule 15c3 (k)(1), the Company's business that limit their activities (both principal and agent) to transactions in certain redeemable securities of registered investment companies (mutual funds) or insurance products. Under this exemption, the broker-dealer may briefly handle customer funds and/or securities, but must promptly transmit such funds and securities received in connection with its broker or dealer activities. Additionally, it cannot hold funds or securities for, or owe money or securities to, customers. ## **Note 8** – **SIPC Supplementary Report Requirement** The Company is not required to complete the SIPC Supplementary Report under SEC Rule 17a-5(e) (4) for fiscal year ending June 30, 2025 because the Company's SIPC Net Operating Revenues are under \$500,000. ## **Note 9 – Credit Losses** The Company follows ASC Topic 326, Financial Instruments – Credit Losses ('ASC 326"). ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL') methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, the Company has the ability to determine that there are no expected credit losses in certain circumstances (e.g., based on the credit quality of the customer). The Company had accounts receivable as of June 30th, 2024 and 2025 of \$1,497 and \$1,745 respectively. #### **Note 10 -Segment Reporting** The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of revenues that are derived from trailing 12B-1 and commissions generated from orphaned accounts by the clients directly from their respective mutual funds/annuity. The Company has identified its President as the chief operating decision maker ("CODM"), who used net income to evaluate the {10}------------------------------------------------ ## **Pacific Financial Associates, NV Notes to Financial Statements For the fiscal year ended June 30, 2025** results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 5), which is not measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the 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. #### **Note 11 – Subsequent Events** Management has evaluated the company's subsequent events and transactions that occurred through the date the financial statements where available to be issued. The company has determined that no subsequent events or transactions have occurred that would require disclosure or adjustments. #### **Note 12- Commitments and Contingencies** The company does not have any commitments or contingencies as of the year ended June 30, 2025 {11}------------------------------------------------ # **Pacific Financial Associates, NV Schedule II – Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3 As of June 30, 2025** The Company does not claim an exemption under paragraph k of Rule 15c-3 in reliance on Footnote 74 of SEC Release No. 34-70073. The Company does not hold customer funds or securities. {12}------------------------------------------------ # **Pacific Financial Associates, NV Schedule III – Information Relating to Possession or Control Requirements Pursuant to Rule 15c3-3 As of June 30, 2025** The Company does not claim exemption under paragraph K of Rule 15c3-3 in reliance on Footnote 74 of SEC Release No. 34-70073. The Company does not hold customer funds or securities. {13}------------------------------------------------ ## **Pacific Financial Associates, NV. Statement of Financial Condition June 30, 2025** #### **Assets** | Cash
and
cash
equivalents | \$
16,235 | |------------------------------------------------------------------------------|--------------| | Commissions
receivable | 1,745 | | Other
Assets | 2,671 | | Total
assets | \$
20,651 | | | | | Liabilities
and
Stockholder's
Equity | | | Accounts
payable
and
accrued
expenses | \$
7,150 | | Commissions
payable | 1,309 | | | 8,459 | | | | | Total
liabilities | 8,459 | | | | | Stockholder's
equity | | | Common
stock
(\$0
par
value,
100,000
shares
authorized, | | | 46,821
shares
issued
and
outstanding) | 2,000 | | Paid-in
capital | - | | Retained
earnings | 10,192 | | | | | Total
stockholder's
equity | 12,192 | | | | | Total
liabilities
and
stockholder's
equity | \$
20,651 | {14}------------------------------------------------ ## **Pacific Financial Associates, NV. Statement of Cash Flows For the Fiscal Year Ended June 30, 2025** | Cash
flows
from
operating
activities: | | | |--------------------------------------------------------------------------------|----------|--------------| | Net
income
(loss) | | \$
68 | | Adjustments
to
reconcile
net
income
(loss)
to
net
cash | | | | provided
by
(used
in)
operating
activities: | | | | (Increase)
decrease
in: | | | | Commissions
receivable | | (248) | | Acccounts
Receivable | | (1,210) | | CRD
Account | | (1,282) | | (Decrease)
increase
in: | | | | Accounts
payable
and
accrued
expenses | | (7,345) | | Commissions
payable | | 1,309 | | | | | | Net
cash
provided
by
operating
activities | | (8,708) | | | | | | | | | | Net
decrease
in
cash
and
cash
equivalents | | (8,708) | | | | | | Cash
and
cash
equivalents
at
beginning
of
year | | 24,944 | | | | | | Cash
and
cash
equivalents
at
end
of
year | | \$
16,236 | | | | | | Supplemental
disclosure
of
cash
flow
information: | | | | Cash
paid
for
interest | \$0 | | | Taxes
paid | \$
27 | | {15}------------------------------------------------ ## **Pacific Financial Associates, NV. Schedule I - Computation of Net Capital Requirements Pursuant to Rule 15c3-1 As of June 30, 2025** | (1,461) | |---------| | (2,955) | | | | (4,416) | | | | 7,776 | | | | | | | | | | 5,000 | | 2,776 | | | | | | | There are no material differences between the preceding computation and the Company's corresponding unaudited Part IIA of form X-17A-5 as of June 30, 2025. {16}------------------------------------------------ ## **Pacific Financial Associates, NV. Statement of Income (Loss) For the Fiscal Year Ended June 30, 2025** #### **Revenues** | Commissions
income-Mutual
Funds | \$
3,518 | |------------------------------------------------------------------|-------------| | Commissions
income-Mutual
Funds
and
12B-1's | 16,512 | | Commissions
Income-Variable
Annuities | 2,847 | | Total
revenues | 22,877 | | | | | Expenses | | | Commissions
expense | 6,409 | | Insurance | | | Professional
services | 12,741 | | Regulatory
fees | 1,068 | | All
other
expenses | 2,577 | | Total
expenses | 22,795 | | Net
income
(loss)
before
income
tax
provisions | 82 | | Interest
Income | - | | Income
tax
provision | 14 | | Net
income
(loss) | \$
68 | {17}------------------------------------------------ ## **Pacific Financial Associates, NV Statement of Changes in Stockholder's Equity For the Fiscal Year Ended June 30, 2025** | | Common | | | | | | | | |------------------------------------------------------|--------|--------|--------------------|-------|----------------------|-------------|----------|-------------| | | Stock | Common | Paid-in
Capital | | Retained
Earnings | | | | | | Shares | Stock | | | | | Total | | | Balance,
June
30,
2024
Dividends
Paid | 12,125 | | \$ | 2,000 | \$
\$ | 10,125
- | \$
\$ | 12,125
- | | Net
Income
(Loss) | | | | | | 68 | | 68 | | Balance,
June
30,
2025 | 12,125 | | \$ | 2,000 | \$ | 10,193 | \$ | 12,193 | Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.