# TRANSACTIONDRIVERS LLC X-17A-5 (2026-03-11) — Broker-dealer annual report
- Company: TRANSACTIONDRIVERS LLC
- Form: X-17A-5
- Filed: 2026-03-11
- Period: 2025-12-31
- Accession: 0000913473-26-000006
- CIK: 913473
- File #: 8-46579
- Type: Broker-dealer
- Material weakness: No
- Auditor: Jennifer Wray CPA PLLC
- Auditor location: Sugar Land, TX
- Contact: Michael Kane
- Phone: 3107015263
- Email: michaelkane@kaneco.com
- Website: kaneco.com
- Signed by: Michael Kane (Managing Partner)
Original filing: https://www.sec.gov/Archives/edgar/data/913473/000091347326000006/2025-Transactiondriversllc1.pdf
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| | (No. and Street) | | | | |
|-----------------------------------------------------------------------------------------------------|------------------------------------------------------------|------------------------|------------|--|--|
| Los Angeles | CA | | 90024 | | |
| (City) | (State) | (Zip Code) | | | |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | |
| Michael Kane | (310) 441-5263 | MichaelKane@Kaneco.com | | | |
| (Name) | (Area Code - Telephone Number) | (Email Address) | | | |
| | B. ACCOUNTANT IDENTIFICATION | | | | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Jennifer Wray CPA PLLC | | | | | |
| | (Name - if individual, state last, first, and middle name) | | | | |
| 800 Bonaventure #168 | Sugar Land | TX | 77479 | | |
| (Address)
11/30/2016 | (City) | (State)
6328 | (Lip Code) | | |
| 000 DVITavellure it 100 | ouyal Latiu | 1 // | 11 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 |
|----------------------------------------------------------------------------------------------|-----------------------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Address) | (City) | (State) | (Zip Code) |
| 11/30/2016 | | 6328 | |
| (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 of an independent public | | | |
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| Michael Kane | swear (or affirm) that, to the best of my knowledge and belief, the |
|-------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|
| *inancial report pertaining to the firm of Transactiondivers LLC DBA Kane & Company | as of |
| December 31
2025 | Intella and corract. I furthar quany or offices I that mather the gompany por any |
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TransactionDrivers LLC dba Kane & Company Report Pursuant to Rule 17a-5 (d) Financial Statements
> For the Year Ended December 31, 2025
> > CONFIDENTIAL TREATMENT REQUESTED
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Year Ended December 31, 2025
# CONTENTS
### Report of Independent Registered Accounting Firm
Financial Statements: Statement of Financial Condition Statement of Operations Statement of Changes in Members' Equity Statement of Cash Flows Notes to Financial Statements
Supplemental Information:
Schedule I, Computation of Net Capital Pursuant to SEC Rule 15c3-1
- Schedule II, Computation for Determination of Reserve Requirements Pursuant to SEC Rule 15c3-3
- Schedule III, Information Relating to the Possession or Control Requirements Pursuant to SEC Rule 15c3-3
Exemption Provisions:
Report of Independent Registered Public Accounting Firm on Management's Exemption Report
Management's Exemption Report
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# **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
To member of TransactionDrivers, LLC,
# **Opinion on the Financial Statements**
We have audited the accompanying statement of the financial condition of TransactionDrivers, LLC as of December 31, 2025, the related statements of operations, changes in member's equity, and cash flows for the year ended December 31, 2025, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of TransactionDrivers, LLC as of December 31, 2025, and the results of its operations and its cash flows for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
# **Basis for Opinion**
These financial statements are the responsibility of TransactionDrivers, LLC's management. Our responsibility is to express an opinion on TransactionDrivers, LLC'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 TransactionDrivers, LLC 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 supplementary information contained in Schedules I, II & III has been subjected to audit procedures performed in conjunction with the audit of TransactionDrivers, LLC's financial statements. The supplemental information is the responsibility of TransactionDrivers, LLC'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 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, the Supplementary schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.
Jennifer Wray CPA PLLC
We have served as TransactionDrivers, LLC's auditor since 2022. Sugar Land, Texas February 23, 2026
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#### STATEMENT OF FINANCIAL CONDITION
#### DECEMBER 31, 2025
# ASSETS
| Cash | | \$
98,976 |
|---------------------------------------------------------------------------------------------------------------------|---------------------------------------------|---------------|
| Account
Receivable | | \$
2,000 |
| Furniture
and
Equipment
Furniture
and
fixtures
Office
equipment
Accumulated
depreciation | \$
7,880
79,232
87,112
(64,551) | |
| Net
furniture
and
equipment | | 22,561 |
| Total
assets | | \$
123,537 |
#### LIABILITIES AND MEMBERS' EQUITY
Liabilities
| Accounts
payable | \$ | 0 | | |
|----------------------|--------------------------------|--------|---------------|---|
| Total
Liabilities | | | \$ | 0 |
| Members'
equity | | | 123,537 | |
| Total | liabilities
and
members' | equity | \$
123,537 | |
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#### STATEMENT OF OPERATIONS
#### YEAR ENDED DECEMBER 31, 2025
Revenues:
| Fee-based
income
(Consulting)
Reimbursed
Expenses | \$
12,000
6082 | |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------|--------------|
| Total
revenue | | \$
18,082 |
| Expenses:
Pension
Expense
Travel
and
lodging
Professional
fees
Dues,
publications,
continuing
education,
license
fees
Advertising,
promotion,
meals,
and
entertainment
Vehicles
Office
supplies/postage
and
delivery
Regulation
expense
Telecommunications
Information
Services
Bank
Fees
CA
Min
Franchise
Tax
Fee
Depreciation | 2,000
2,939
26,492
13,935
1,242
1,588
2,248
1,419
6,337
1,999
321
800
15,024 | |
| Total
expenses | | 76,344 |
| Income
(loss)
before
taxes | | (58,262) |
Income tax expense
Net income (loss) \$ (58,262)
0
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# STATEMENT OF CHANGES IN MEMBERS' EQUITY YEAR ENDED DECEMBER 31, 2025
| Members'
equity,
beginning
of
year | \$
129,975 |
|------------------------------------------------|---------------|
| Net
income
(loss) | (58,262) |
| Distributions | (0) |
| Contribution
of
Capital | 51,824 |
| Members'
equity,
end
of
year | \$
123,537 |
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#### STATEMENT OF CASH FLOWS
#### YEAR ENDED DECEMBER 31, 2025
Cash flows from operating activities:
| Net
income
(loss) | \$
(58,262) |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------|
| Adjustments
to
reconcile
Net
Income
to
Net
Cash
Provided
by
(used
in)
operating
activities:
Depreciation
Changes
in
operating
assets
and
liabilities:
(Increase)
in
other
current
assets
(Decrease)
in
accounts
payable | 15,024
(2,000)
(3,907) |
| Net
cash
used
in
operating
activities | (49,145) |
| Cash
flows
from
investing
activities: | - |
| Net
cash
used
in
investing
activities: | - |
| Cash
flows
from
financing
activities: | |
| Contributions
of
capital:
Distributions: | 51,824
- |
| Net
cash
provided
by
financing
activities | 51,824 |
| Net
cash
increase | 2,679 |
| Cash
at
beginning
of
year | 96,297 |
| Cash
at
end
of
year | \$
98,976 |
#### SUPPLEMENTAL CASH FLOW INFORMATION
| Cash
payments
for: | | |
|--------------------------|----|---|
| Income
taxes | \$ | 0 |
| Interest
expense | \$ | - |
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#### NOTES TO FINANCIAL STATEMENTS
#### DECEMBER 31, 2025
#### (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
#### Nature of Business
The Company is a broker-dealer registered with the Securities and Exchange Commission (SEC) and a FINRA member. It was formed under the laws of the State of California and maintains an office in Los Angeles, California.
The Company's revenues consist of fees for advisory services for mergers and acquisitions, other strategic financial transactions, financial operating consulting to build or preserve equity value unrelated to securities business, and reimbursed expenses.
#### Method of Accounting
The Company maintains its books and records on the accrual basis of accounting.
#### Use of Estimates
Preparing financial statements in accordance with U.S. generally accepted accounting principles requires the use of management's estimates. Actual results could differ from those estimates, and such differences could be material.
# Revenue Recognition
The Company provides advisory services to assist clients in planning, preparing, and executing strategic financial transactions, including mergers and acquisitions, strategic partnerships, longterm financing, and balance sheet restructuring. The Company receives success fees for these financial advisory investment banking services. The Success Fees are received under the terms of the agreement and earned upon success.
Consulting is offered to assist companies in improving financial operating performance and increasing realizable value in any equity transaction. Consulting fees are invoiced weekly or monthly under the terms of the client agreement. They are recognized in the period billed, corresponding to the Company's completion of its performance obligations. The firm earned \$12,000 Consulting fees for the year ended December 31, 2025.
Retainer fees secure the Company's commitment to a client project of any kind. They are paid in advance of service provision and are recognized upon receipt as Unearned revenues. Unearned revenues are recognized as revenue upon completion of any related performance obligations or upon disengagement under the agreement. For the year ended December 31, 2025, the Company recognized no unearned revenue pursuant to client agreements.
Reimbursed expenses are recognized when billed as stipulated in the respective agreements. In all cases, revenue recognition is subject to satisfying realization criteria. The Company credited \$6,082 revenues to reimbursed expenses.
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### NOTES TO FINANCIAL STATEMENTS CONTINUED
#### DECEMBER 31, 2025
#### (1)SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
### Furniture and Equipment
Furniture and equipment are depreciated using the straight-line method over useful lives of generally five years. As of December 31, 2025, the Company recorded an undepreciated balance of \$22,561. Depreciation expense amounts to \$15,024 as of December 31, 2025.
#### INCOME TAXES
As a limited liability company, the earnings and losses of the members will be included in their personal income tax returns and taxed in accordance with their personal tax strategies. Accordingly, the Company does not incur additional income tax obligations, and the financial statements do not include a provision for income taxes, except for the California minimum tax. The Company's filed Federal and California income tax returns are subject to examination by the taxing authorities for three and four years after being filed.
# LEASES
The Company has no arrangements subject to ASC 842; therefore, adopting ASC 842 did not significantly affect the Company's financial statements for the year ended December 31, 2025.
#### (2) SUBSEQUENT EVENTS
Management has evaluated subsequent events and transactions occurring after year-end through the date the financial statements were available for issuance. No transactions or events were found requiring recognition in the financial statements.
#### (3) NET CAPITAL
The Company is subject to the SEC Uniform Net Capital Rule 15c3-1, which requires the maintenance of minimum net capital and a ratio of aggregate indebtedness to net capital that shall not exceed 15 to 1. Net capital and the related net capital ratio fluctuate daily; however, as of December 31, 2025, net capital was \$98,976, exceeding the required minimum capital by \$93,976. The aggregate indebtedness-to-net capital ratio was 0.00 to 1, which is below the 15 to 1 maximum allowed.
#### (4) RELATED PARTY TRANSACTIONS
In 2025, the Company engaged Manning Financial, Inc. for monthly administration (ministerial), bookkeeping, vendor screening, web development project management, human resources, and promotional services. A Member of the Company owns Manning Financial, Inc.. During the year ended December 31, 2025, the Company paid \$10,000 for these services, which are included in
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#### NOTES TO FINANCIAL STATEMENTS CONTINUED
#### DECEMBER 31, 2025
Professional fees on the statement of operations. Members provide the Company with office space at no cost and have formally waived any reimbursement. The scope and terms of certain related-party transactions may differ from those that would result from transactions among wholly unrelated parties.
## (5) INCOME TAX PROVISION
As discussed in the Summary of Significant Accounting Policies (Note 1), the Company operates as a limited liability company. It is subject to a limited liability company gross receipts tax, with a minimum franchise tax in California. The Company files its tax returns using the cash method of accounting. As of December 31, 2025, the Company recorded the California minimum tax of \$800.
#### (6) ACCOUNTS RECEIVABLE
Accounts receivable are fees billed but not yet received and are recorded at net realizable value. Should any amounts become uncollectible, they would be charged to operations upon Management's determination. As of December 31, 2025, the Company had \$2,000 of accounts receivable.
#### (7) CONTINGENCIES
The Company maintains bank accounts at c o m m e r c i a l financial institutions. The accounts are insured either by the Federal Deposit Insurance Commission ("FDIC") for up to \$250,000 or by the Securities Investor Protection Corporation ("SIPC") for up to \$500,000. The Company has not incurred any losses on these accounts, and management believes it has placed its cash on deposit with financially stable institutions.
#### (8) SINGLE SEGMENT REPORTING
The Company engages in a single line of business as a securities broker-dealer, focused on several classes of financial advisory services, specifically for mergers and acquisitions and other strategic financial transactions, and financial operating consulting to build or preserve equity value in anticipation of one or more client strategic financial transactions. Financial operating consulting is unrelated to the securities business. The Company designates its Managing Partner as the chief operating decision-maker ("CODM"). The Company's CODM uses revenue to evaluate business results, primarily in forecasting, and to manage the Company because it is structured to operate with a very high proportion of variable expenses. Additionally, the CODM uses excess net capital (see Schedule I), which is not a 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 about the Company as a whole. The accounting policies used to measure the segment's profit and loss are the same as those described in the summary of significant accounting policies.
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NOTES TO FINANCIAL STATEMENTS CONTINUED
> DECEMBER 31, 2025
#### (9) EMPLOYEE BENEFIT PLANS
The Company's qualified 401(k) plan and a cash balance defined benefit plan ("Plan") were terminated on December 15, 2025.
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#### Schedule I
#### COMPUTATION OF NET CAPITAL PURSUANT TO SEC RULE 15c3-1
#### DECEMBER 31, 2025
| Total
members'
equity
from
statement
of
financial
condition | | | 123,537 |
|-----------------------------------------------------------------------------------------------------|--------------------|-----|-----------------|
| Less
non-allowable
assets
Account
Receivable
Property,
Plant,
and
Equipment | 2,000
22,561 | | |
| Net
Capital | | \$ | 98,976 |
| COMPUTATION
OF
BASIC
NET
CAPITAL | REQUIREMENT | | |
| Minimum
net
capital
required
(6-2/3%
of
aggregate
indebtedness) | | \$ | 0 |
| Minimum
dollar
net
capital
required | | \$ | 5,000 |
| Net
capital
requirement
(greater
than
the
above | two
figures) | \$ | 5,000 |
| Excess
net
capital | | \$ | 93,976 |
| COMPUTATION
OF
RATIO
OF
AGGREGATE | INDEBTEDNESS
TO | NET | CAPITAL |
| Total
liabilities
(aggregate
indebtedness) | | \$ | 0 |
| Ratio
of
aggregate
indebtedness
to
net
capital | | | 0.00
to
1 |
There was no material difference between the net capital computation and the net capital computation shown on the Company's most recently filed unaudited Form X-17-A Part IIA report dated December 31, 2025.
See report of independent registered public accounting firm.
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#### Schedule II
#### COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS PURSUANT TO SEC RULE 15c3-3
#### DECEMBER 31, 2025
Information Relating to Possession or Control Requirements for Brokers and Dealers does not apply to the Company, as the Company is not subject to the provisions of Rule 15c3-3. The Company does not hold customer funds or securities, as its business activities are financial advisory, M&A, and strategic financial operating consulting services. Accordingly, there are no items to report under this Rule's requirements.
> See report of independent registered public accounting firm.
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Schedule III
#### INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS PURSUANT TO SEC RULE 15c3-3
# DECEMBER 31, 2025
The Computation for Determination of the Reserve Requirements does not apply to the Company, as the Company is not subject to the provisions of Rule 15c3-3. The Company does not hold customer funds or securities, as its business activities are financial advisory, M&A, and strategic financial operating consulting services. Accordingly, there are no items to report under this Rule's requirements.
> See report of independent registered public accounting firm.
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TransactionDrivers LLC dba Kane & Company Report on Exemption Provisions Report Pursuant to 17 C.F.R. § 15c3-3(k) For the Year Ended December 31, 2025
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# **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
To the Member of TransactionDrivers LLC DBA Kane & Company
We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) TransactionDrivers LLC DBA Kane & Company states that (1) The Company does 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 (1). Receiving transaction-based compensation for advisory services for mergers and acquisitions and other strategic financial transactions, and (2). Receiving consulting-based compensation for financial operating consulting in accordance with the requirement of (a) or (b) of Rule 15c2-4, and the Company (a) did not directly or indirectly receive, hold and or otherwise owe funds or securities for to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (b)did not carry accounts of or for customers; and (c) did not carry PAB account (as defined in Rule 15c3-
3) throughout the most recent fiscal year without exception. TransactionDrivers LLC DBA Kane & Company'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 TransactionDrivers LLC DBA Kane & Company'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 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.
Jennifer Wray CPA PLLC
Sugar Land, Texas. February 23, 2026
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## TransactionDrivers LLC dba Kane & Company Exemption Report
TransactionDrivers LLC dba Kane & Company (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). The Company prepared the Exemption Report as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following:
- (1) The Company does 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: (1) receiving transaction-based compensation for advisory servicesfor mergers and acquisitions, and other strategic financial transactions, and; (2) receiving consulting-based compensation for financial operating consulting under the requirements of paragraphs (a) or (b)(2) of Rule 15c2-4, and the Company (1) did not directly or indirectly 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; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception.
TransactionDrivers LLC dba Kane & Company
I, Michael Kane, swear (or affirm) that this Exemption Report is true and correct to my best knowledge and belief.
By: Michael Kane, Title: Managing Partner
February 23,2026
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.