# DABBAH SECURITIES CORP. X-17A-5 (2022-02-18) — Broker-dealer annual report - Company: DABBAH SECURITIES CORP. - Form: X-17A-5 - Filed: 2022-02-18 - Period: 2021-12-31 - Accession: 0000863374-22-000001 - CIK: 863374 - File #: 8-42634 - Type: Broker-dealer - Material weakness: No - Auditor: Weisberg, Mole', Krantz & Goldfarb, LLP - Auditor location: Woodbury, NY - Contact: Steve Dabbah - Phone: 646 465 4825 - Email: steve@dabbahsecurities.com - Website: dabbahsecurities.com - Signed by: Steve Dabbah (Dabbah) Original filing: https://www.sec.gov/Archives/edgar/data/863374/000086337422000001/dscaudit.pdf --- {0}------------------------------------------------ *Financial Statements* *December 31, 2021* {1}------------------------------------------------ | | UNITED STATES | | l | | | | |--------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------|---------|----------------------------------------------------|--|--|--| | | SECURmES AND EXCHANGE COMMISSION | | 0MB Number: 3235-0123 | | | | | Washington, D.C. 20549 | | | Expires: Oct. 31, 2023
Estimated average burden | | | | | | | | hours per response: 12 | | | | | | ANNUAL REPORTS | | SEC FILE NUMBER | | | | | | FORM X-17A-S | | 8-42634 | | | | | | PART Ill | | | | | | | | | | | | | | | FACING PAGE
Information Required Pursuant to Rules 17a-s, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | | | AND ENDING 12/31 /21
FILING FOR THE PERIOD BEGINNING 01 /01 /21 | | | | | | | | | MM/00/YY | | MM/00/YV | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAMEOFFIRM: DABBAH SECURITIES CORP. | | | | | | | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | | | ii Broker-dealer | □ Security-based swap dealer | | D Major security-based swap participant | | | | | □ Check here if respandent ls also an OTC derivatives dealer | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | 167 EAST 63RD STREET | | | | | | | | | (No. and Street) | | | | | | | | | | | | | | | NEW YORK | NY | | 10065 | | | | | (City) | (State) | | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | STEVE DABBAH | 646-465-4825 | | steve@dabbahsecurities.com | | | | | (Name) | (Area Code -Telephone Number) | | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing• | | | | | | | | Weisberg, Mole', Krantz & Goldfarb, LLP | | | | | | | | | (Name- if Individual, state last, first, and middle name) | | | | | | | 185 Crossways Park Drive | Woodbury | NY | 11797 | | | | | (Address) | (City) | (State) | (Zip Code) | | | | | 12/14/04 | | 2107 | | | | | | (Date of Re lstration with PCAOB if a llcable | | | (PCAOB Re "stratlon Number, If a licable) | | | | | 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-S(e)(l){il}, If applicable. Persons who are to respond to the collection of information contained In this form are not required to respond unless the form dlsp!ays a currently valid 0MB controJ number. {2}------------------------------------------------ ### **OATH OR AFFIRMATION** | 1, stave Dabbah | • swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of Dabbah 8ecUrttles Corp. | , as of | | 2~
•
December 31 | Is true and correct. I further swear (or affirm) that neither the company nor any | | | ff fftiit.:a~~m~DU!qUlllaleJ~et\$0n, as the case i:nav be, has any proprietary Interest In any account classlfled solely | | as--•r.:-,.::a:: | | | | ~A, | | iiallfied ·: | a~,.0-
Slsnature: | | i11ionE | O \X | | | Title: | | | | Notary Public ### This flHna-• **contains (check** all **applicable boxes):** - ii (a) Statement of flnanclal condition. - □ (b) Notes to consolldated statement of financial condition. - ii (c) Statement of Income (loss) or, If there Is other comprehensive Income In the perlod(s) presemed, a statement of comprehensive Income (as defined in § 210.1-02 of Regulation S-X). - Iii (d) Statement of cash flows. - Iii (e) Statement of changes In stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes In liabllftfes subordinated to dafms of creditors. - ii (g) Notes to consolidated financial statements. - Ii (h) Computation of net capital under 17 CFR 240.1Sc3•1 or 17 CFR 240.lBa-1, as applicable. - □ (I) computation Oftanglbte net worth under 17 CFR 240.lBa-2. - D 0) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 cr:R 240.18a-4, as applicable. - D (I) Computation for Determination of PAB Requlrements under Exhibit A to § 240.1Sc3·3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3, - □ (n) tnformatlon relatlns to possesslon or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as appllcable. - □ (o) Reconcllfatlons, lndudlng appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.1Sc3-1, 17 CFR 240.lBa-1, or 17 CFR 240.lSa-2, as applicable, and the reserve requirements under 17 CFR 240.1Sci-3 or 17 CFR 240.18a-4, as applicable, If matarial differences exist, or a statement that no material differences exist. - D (p) Summary of flnandal data for subsidiaries not consolidated rn the statement of financial condition. - ii {q) Oath or affirmation In accordance with 17 CFR 240.17a-S, 17 CFR 240.17a-12, or 17 CFR 240,18a-7, ea applicable, - □ (r) Complfance report In accordance with 17 CFR 240.17a•S or 17 CFR 240.18a-7, as applfcable. - ii (s) Exemption report In accordance with 17 CFR 240.17a-s or 17 CFR 240.18a-7, as applfcable. - □ (t) Independent publlc accountant's report based on an examination of the statement of financial condition. - ii (u) Independent public accountant's report based on an examination of the flnanclal report orfinanclal statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent publlc accountant's report based on an examination of certain statements In the compliance report under 17 CFR 240.17a•S or 17 CFR 240.lSa-7, as applicable. - Ii (w) Independent publlc accountant's report based on a review of the exemption report under 17 CFR 240.17a•S or 17 CF~ **240.lBa-7, as** appllcable. - □ (x) Supplemental reports on applying agreed-upon procedures, In accordance with 17 CFR 240.1Sc3-le or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material fnadequades 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. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - *••ro* request con/ldentfal treatment of certain portions of this filing, see 17 CFR 240.17a•S(e}(3} or 17 CFR 240.1Ba•7(d}{2}, as applicable. {3}------------------------------------------------ ### **Dabbah Securities Corp.** Table of Contents December 31, 2021 | | PAGE | |--------------------------------------------------------|-------| | Report oflndependent Registered Public Accounting Finn | 1-2 | | Statement of Financial Condition | 3 | | Statement of Operations | 4 | | Statement of Changes in Stockholder's Equity | 5 | | Statement of Cash Flows | 6 | | Notes to Financial Statements | 7-1 O | ### SUPPLEMENT ARY INFORMATION | Computations of Net Capital Under Rule 15c3-l of the Securities and | | |---------------------------------------------------------------------|----| | Exchange Commission | 11 | {4}------------------------------------------------ # Weisberg, Mole, ~ Krantz & Goldfarb, LLP **Certified Public Accountants** ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Board of Directors of Dabbah Securities Corp. ### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Dabbah Securities Corp. as of December 31, 2021, and the related statements of operations, changes in stockholder's equity, and cash flows for the year then ended and the related notes and schedule ( collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Dabbah Securities Corp. as of December 31, 2021 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 Dabbah Securities Corp.' s management. Our responsibility is to express an opinion on Dab bah Securities Corp.' 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 Dabbah Securities Corp. 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 perfonn 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. {5}------------------------------------------------ ### **Supplemental Information** The Computation of Net Capital on page 11 has been subjected to audit procedures performed in conjunction with the audit of Dabbah Securities Corp.'s financial statements. The supplemental information is the responsibility of Dabbah Securities Corp.' 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 infonnation 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 and the regulations under the Commodity Exchange Act. In our opinion, the Computation of Net Capital is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Dabbah Securities Corp.'s auditor since 2009. Woodbury, New York February 15, 2022 {6}------------------------------------------------ ### STATEMENT OF FINANCIAL CONDITION ### December 31, 2021 ### ASSETS | Cash and cash equivalents
Marketable securites
Due from broker
Other assets
Furniture, equipment and improvements, net of accumulated depreciation of \$17,533 | \$ | 65,791
1,729,673
658,226
49,788
77,172 | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|----------------------------------------------------| | Total assets | \$ | 2,580,650 | | | | | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | LIABILITIES | | | | Accounts payable and accrued expenses | | 27,603 | | Total liabilities | \$ | 27,603 | | COMMITIMENTS & CONTINGENCIES -
none | | | | STOCKHOLDER'S EQUITY
Common stock, no par value; 10,000 shares authorized, | \$ | | | 3,000 shares issued and outstanding | | 59,800 | | Additional paid-in-capital
Retained earnings | | 1,010,000
1,483,247 | | | | | | Total stockholder's equity | \$ | 2,553,047 | | Total liabilities and stockholder's equity | \$ | 2,580,650 | {7}------------------------------------------------ ### STATEMENT OF OPERATIONS ### For the Year Ended December 31, 2021 ### REVENUES | Commissions | \$
1,145,506 | |---------------------------------------|-----------------| | Trading losses, net of gains | (97,957) | | Other income | 2,198 | | Interest and dividends | 40,409 | | Total revenues | \$
1,090,156 | | EXPENSES | | | Trading expenses and clearing charges | \$
212,717 | | Employee compensation and related | 136,113 | | Professional fees | 78,350 | | License and registration fees | 6,666 | | Communtications & technology | 21,899 | | Depreciation | 4,294 | | Occupany | 112,353 | | Insurance | 98,842 | | General, administrative and other | 140,517 | | Total expenses | \$
811,751 | | Net income | \$
278,405 | {8}------------------------------------------------ ### STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY For the Year Ended December 31, 2021 | | Shares | | Common
Stock | | Additional
Paid-In-Capital | | Retained
Earnings | | Total
Stockholder's
Equity | | |------------------------------|--------|----|-----------------|----|-------------------------------|----|----------------------|----|----------------------------------|--| | Balance at January 1, 2021 | 3,000 | \$ | 59,800 | \$ | 1,010,000 | \$ | 1,204,842 | \$ | 2,274,642 | | | Net income | - | | - | | - | | 278,405 | | 278,405 | | | Balance at December 31, 2021 | 3,000 | \$ | 59,800 | \$ | 1,010,000 | \$ | 1,483,247 | \$ | 2,553,047 | | *The accompanying notes are an integral part of the financial statements.* {9}------------------------------------------------ ### STATEMENT OF CASH FLOWS For the Year Ended December 31, 2021 ### CASH FLOWS FROM OPERATING ACTIVITIES | Net income | \$
278,405 | |---------------------------------------------------------------|---------------| | Adjustments to reconcile net income to net cash provided by | | | operating activities: | | | Trading losses, net of gains | 97,957 | | Depreciation | 4,294 | | Cash flow from changes in assets and liabilities: | | | Purchases of marketable securities, net of sales | (358,457) | | Decrease in due from broker | 115,295 | | Increase in other assets | (7,448) | | Increase in accounts payable and accrued expenses | 8,694 | | Total adjustments | (139,665) | | Net cash provided by operating activities | \$
138,740 | | CASH FLOWS FROM INVESTING ACTIVITIES
Building improvements | (77,172) | | CASH FLOWS FROM FINANCING ACTIVITIES
None | \$ | | | | | Net change in cash and cash equivalents | 61,568 | | Cash and cash equivalents at beginning of year | 4,223 | | Cash and cash equivalents at end of year | 65,791 | | | | | SUPPLEMENT AL CASH FLOW DISCLOSURES: | | | Interest paid | 2,117 | | Income taxes paid | | *The accompanying notes are an integral part of the financial statements.* {10}------------------------------------------------ ### NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ### Nature of Operations Dabbah Securities Corp. (the "Company"), a Delaware corporation, is a broker-dealer registered with the Securities and Exchange Commission ("SEC"), a member of the Financial Industry Regulatory Authority ("FINRA") and an introducing broker registered with the . National Futures Association (''NF A"). ### Revenue Recognition The Company's business consists substantially of comm1ss1ons based on customer transactions and income from proprietary trading. Commission revenues and proprietary trading gains and losses are recorded on a trade date basis. The Company believes that, with regards to commission income, the perfonnance 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 risk and rewards of ownership have been transferred to/from the customer. The Company is a non-clearing broker and, accordingly, utilizes a clearing broker on a fully disclosed basis on applicable transactions. ### Use of Estimates and Subseguent Events The preparation of financial statements in conformity with generally accepted accounting principles 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 revenue and expenses during the reported period. Actual results could differ from those estimates. The Company has evaluated events and transactions that occurred through February 15, 2022, which is the date the financial statements were available for issuance, for possible disclosure and recognition in the financial statements. ### Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash in banks, and short-term, highly liquid investments purchased with an original maturity of three months or less. ### Marketable Securities Marketable securities are reflected at the closing price on the day of valuation with resultant unrealized gains or losses reflected in net income for the year. The financial statements reflect realized gains and losses on dispositions of investment securities on a trade date basis. The cost of marketable securities sold is detennined on the specific identification method. {11}------------------------------------------------ ## **Dabbah Securities Corp.** Notes to Financial Statements December 31, 2021 ### NOTE 1 - NATURE OF BUSINESS **AND SUMMARY** OF SIGNIFICANT ACCOUNTING POLICIES *(continued)* ### Good Faith Deposit At December 31, 2021 the Company maintained Good Faith Deposits totaling approximately \$35,000 with its current clearing/trading firms. The Company's active deposits are invested in U.S Treasury Bills and are included in Due From Broker on the accompanying financial statements. ### Income Truces The Company has elected to be treated as a Subchapter S Corporation for federal and state purposes and, as a result, will generally not be subject to corporate income taxes. The Company's shareholder is taxed on the Company's income. However, New York City does not recognize S corporation status and, accordingly, local corporation income taxes will continue to be payable by the Company in addition to certain alternative and minimum taxes to various state agencies where applicable. ### Due To/From Broker The Company maintains proprietary trading positions in broker accounts. The balances in these accounts and the related margin balances are reflected as due to/from brokers in the accompanying financial statements. ### NOTE 2 - DUE FROM STOCKHOLDER As of December 31, 2021, the Company's stockholder has received short-tenn advances amounting to \$17,154. These advances are due on demand without interest. ### NOTE 3 - FURNITURE, EQUIPMENT & IMPROVEMENTS Furniture, equipment and improvements are stated at cost Depreciation is provided for on the straight-line basis using estimated useful lives of *5* to 40 years. A summary of furniture, equipment and improvements is as follows: | Furniture, equipment & improvements | \$
94,705 | |-------------------------------------|--------------| | Less accumulated depreciation | (17,533) | | Net | \$
77,172 | {12}------------------------------------------------ # **Dabbah Securities Corp.** Notes to Financial Statements December 31, 2021 ### NOTE 4 - MARKET ABLE SECURITIES The Company's investments in marketable securities are held primarily for short-term trading profits and are classified as trading securities and are reflected at fair value. At December 31, 202 marketable securities consisted of common stocks (\$1,541,812) and options (\$187,861 ). Accounting Standards Codification 820, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified in accordance with professional standards, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: Level 1 - Pricing inputs are unadjusted, quoted prices in active markets for identical assets or liabilities the Company has ability to access. Level 2 - Pricing inputs are quoted prices for similar investments, or inputs that are observable for the asset or liability either directly or indirectly for substantially the full term through corroboration with observable market data Level 3 - Pricing inputs are unobservable for the asset or liability and rely on management's own assumptions. The unobservable inputs should be developed based on the best information available in the circumstances and may include the Company's own data Management considers all investments to be valued using Level 1 inputs. ### NOTE *5* - NET CAPITAL REQUIREMENTS The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (rule 1 Sc3-1 ), which requires the maintenance of minimum net capital of \$100,000 and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2021, the Company had net capital of \$1,489,153 which was \$1,389,153 in excess of its required net capital. The Company's aggregate indebtedness to net capital ratio was . 0184 to 1. {13}------------------------------------------------ ### **Dabbah Securities Corp.** Notes to Financial Statements December 31, 2021 ### NOTE 6 - REGULATION The Company is registered as a broker-dealer with the SEC. The securities industry in the United States is subject to extensive regulation under both federal and state laws. The SEC is the federal agency responsible for the administration of the federal securities laws. Much of the regulation of broker-dealers has been delegated to self-regulatory organimtions, such as the FINRA, which has been designated by the SEC as the Company's primary regulator. These self-regulatory organimtions adopt rules, subject to approval by the SEC, that govern the industry and conduct periodic examinations of the Company's operations. The primary purpose of these requirements is to enhance the protection of customer assets. These laws and regulatory requirements subject the Company to standards of solvency with respect to capital requirements, financial reporting requirements, record keeping and business practices. ### NOTE 7 - CUSTOMER PROTECTION RULE The Company had no items reportable as customers' fully paid securities: (1) not in the Company's possession or control as of the audit date (for which instructions to reduce to possession or control had been issued as of the audit date) but for which the required action was not taken by the Company within the time frames specified under Rule 15c3-3 or (2) for which instructions to reduce to possession or control has not been issued as of the audit date, excluding items arising from ''temporary lags which result from normal business operations" as permitted under Rule 15c3-3. The Company is exempt from SEC rule 1 Sc3-3 pursuant to the exemptive provisions under sub-paragraph (k)(2)(ii). ### NOTE 8 - CREDIT AND OFF-BALANCE SHEET RISK The Company receives its commission income from customer transactions on a monthly basis from its clearing brokers and, accordingly, is not exposed to credit risk. At certain times throughout the year the Company may maintain bank account balances in excess of federally insured limits. The Company's clearing broker will require the Company to fulfill the obligation of a customer acc01mt that goes into default. The Company monitors customer accounts intraday to mitigate such risk. ### NOTE 9 - OFFICE SPACE The Company's primary office space is located in the residence of the sole shareholder of the Company. The Company paid rent of approximately \$112,000 for the year ended December 31, 2021 which is considered fair value of the space provided. The occupancy commitment is month-to-month. The Financial Accounting Standards Board ("F ASB") issued ASU 2016- 02, *Leases* (Topic 842) which requires companies to generally recogni7.e on the balance sheet operating and financing lease liabilities and corresponding right-of-use assets. The Company's does not have any leases meeting the criteria of the new accounting standards. {14}------------------------------------------------ # *Supplementary Information* {15}------------------------------------------------ ### COMPUTATION OF NET CAPITAL UNDER RULE 1Sc3-l OF THE SECURITIES AND EXCHANGE COMMISSION ### As ofDecember 31, 2021 | NET CAPITAL | | |-------------------------------------------------------------------------------------------|--------------------------| | Total stockholder's equity | 2,553,047
\$ | | Deduct stockholder's equity not allowable for net capital | | | Total stockholder's equity qualified for net capital | 2,553,047
\$ | | Additions: none | | | Deductions: | | | Non-allowable assets | (144,459)
\$ | | Proprietary charges on commodities | (540,895) | | Total deductions | \$
(685,354) | | Net capital before haircuts on securities positions | \$
1,867,693 | | Haircuts on securities | p78,540) | | Net capital | \$
1,489,153 | | AGGREGATE INDEBTEDNESS | | | Items included in statement of financial condition | | | Accounts payable and accrued expenses | 27,609
\$ | | Total aggregate indebtedness | \$
'1.7,~09 | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENTS | | | Minimum net capital required (6 2/3% of aggregate indebtedness) (A) | \$
1,841 | | Minimum dollar net capital requirement for reporting broker or dealer (B) | \$
100,000 | | Net capital requirement (greater of(A) or (B)} | \$
100,000 | | Excess net capital | \$
1,389,153 | | | \$ | | Net capital less 120% of minimum required
Ratio: Aggregate indebtedness to net capital | 1,369,153
.01821 fo I | | | | | RECONCILIATION WITH COMP ANY'S COMPUTATION | | | (Included in Part ll A of Form X-17 A-5 as of December 31, 2021) | | | Net capital as reported in Company's Part ll A (unaudited) FOCUS report
No differences | 1,489,153
\$ | | Net capital per above | \$
1,489,153 | {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) **Weisberg, Mole, Krantz** & **Goldfarb, LLP** *Certified Public Accountants* ### **Report of Independent Registered Public Accounting Firm** To Toe Board of Directors of Dabbah Securities Corp. We have reviewed management's statements, included in the accompanying Statement of Exemption From SEC Rule l 5c3-3, in which (1) Dabbah Securities Corp. identified the following provisions of 17 C.F .R. § 15c3-3(k) under which Dabbah Securities Corp. claimed an exemption from 17 C.F.R. § 240.15c3-3: ((k)(2)(ii)) (the "exemption provisions") and (2) Dabbah Securities Corp. stated that Dabbah Securities Corp. met the identified exemption provisions throughout the most recent fiscal year without exception. Dabbah Securities Corp.' s management is responsible for compliance with the exemption provisions 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 Dabbah Securities Corp.'s compliance with the exemption provisions. A review is substantially less in scope than an examinatio~ 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 conditions set forth in paragraph(k)(2)(ii) of Rule I 5c3-3 under the Securities Exchange Act of 1934. Woodbury, New York February 15, 2022 > 185 Crossways **Park** Drive, Woodbury, New York 11797 • Phone: 516-933-3800 • Fax: 516-933-1060 700 Klnderkamack Rd, Oradell, New Jersey 07649 • Phone: 201-655-6249 • Fax: 201-655-6098 www.weisbergmole.com {17}------------------------------------------------ ### DABBAH SECURfflES CORP. 167 EAST &3ID STREET NEW YORK, NY 10065 Exemption Report Dabbah securities Corp. rs a reststered broker-dealer subject to Rule 17a-s promulgated by the Securities and Exchanp Commission (17 C.F.R. 240.17a•S nReports to be made by certain brokers and dealers•). This Exemption Report was prepared • required by 17 C.F.R. 240.17a-S(d)(1) and (4). To the best of Its knowledae and belief, the Company states the followlns: The company clalmed an exemption for 17 C.F.R. 240.15c3-3 under the provisions of 17 C.F.R. 240.15c3• 3(1()(2)(11). The company met the Identified exemption provisions In 17 C.F.R. 240.15c3-3(1C)(2)(11) throu&hout the most recent fiscal year (December 31, 2021) without exception. **Dabbah** 5ecurltles r.orp. I, Steve Dabbah, affirm that, to the best of my knowledge and belief, this Exemption Report Is true and correct. Steve Dabbah, President Date: February 15, 2022 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.