Full text of TRUSTFIRST INC.'s X-17A-5 filed 2024-04-01 (period 2023-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **TRUSTFIRST, INC. STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY FOR THE YEAR ENDED DECEMBER 31, 2023** | | | Additional | | | | |--------------------------------------------------|-------------------|--------------------|--------------------|------------------------------|----------------------------| | | Capital<br>Stoel< | Paid-In<br>capital | Treasury<br>Stoel< | Retained<br>Earnings | Total | | BEGINNING BALANCE<br>Additional Paid In (apit.al | \lt;br>354,300 | \lt;br>361,500 | \lt;br>(346,361) | \lt;br>(44,863) | \lt;br>324,576 | | Net Income (Loss)<br>ENDING BALANCE | \lt;br>354,300 | \lt;br>361,500 | \lt;br>(346,361) | \lt;br>{103,366)<br>(148,229) | \lt;br>{103,366}<br>221,210 | | | | | | | | {1}------------------------------------------------ | CASH FLOWS FROM OPERATING ACTIVITIES | | |----------------------------------------------------------------|-----------------| | Net Income (Loss) | \lt;br>(103,366) | | Adjustments to reconcile net income (loss) to net cash used in | | | operating activities: | | | Unrealized gains on marketable securities | 1,735 | | (Increase) decrease in operating assets: | | | (Increase) decrease in commissions receivable | (21,738) | | (Increase) decrease in other assets | (839) | | Increase (decrease) in operating liabilities: | | | Increase (decrease) in accounts payable and accrued expenses | 10,081 | | Increase (decrease) in payable to clearing agent | (228) | | Increase (decrease) in payable to affiliated entity | (29,137) | | Increase (decrease) in payable to stockholder | (50,000) | | Net cash used in operating activities | (193,493) | | CASH FLOWS FROM INVESTING ACTIVITIES | | | Purchases and sales of marketable securities, net | 222,286 | | Net cash used in investing activities | 222,286 | | NET (DECREASE) IN CASH AND CASH EQUIVALENTS | 28,793 | | CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 71,456 | | CASH AND CASH EQUIVALENTS AT END OF YEAR | \lt;br>100,249 | | | | | SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES | | | Cash Paid During the Year for: | | | Interest | \lt;br>139 | | Income Taxes | \$ | {2}------------------------------------------------ # **NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES** This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. The financial statements, notes and supplemental schedules are representations of the Company's management who is respo…Read the full text as markdown