Full text of LEWIS YOUNG ROBERTSON & BURNINGHAM, INC.'s X-17A-5 filed 2020-03-11 (period 2019-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # LEWIS YOUNG ROBERTSON & BURNINGHAM, INC. STATEMENT OF FINANCIAL CONDITION December 31, 2019 | ASSETS | | |--------------------------------------------------------|-----------------| | Cash | \lt;br>110,734 | | Accounts receivable, net | 177,746 | | Prepaid expenses | 2,652 | | | | | Total current assets | 291,132 | | Property and equipment, net | 422,522 | | Cash surrender value of life insurance | 525,649 | | Total assets | \lt;br>1,239,303 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | Current liabilities: | | | Payables | \lt;br>223,445 | | Current portion of lease liability | 167,640 | | | | | Total current liabilities | 391,085 | | Lease liability | 229,103 | | Deferred income taxes | 18,000 | | Total liabilities | 638,188 | | | | | Stockholder's equity: | | | Common stock, \$1 par value; 50,000 shares authorized, | | | 3,779 shares issued and outstanding | 3,779 | | Additional paid-in capital | - | | Retained earnings | 597,336 | | Total stockholder's equity | 601,115 | | Total liabilities and stockholder's equity | \lt;br>1,239,303 | | | | The accompanying notes are an integral part of these financial statements. {1}------------------------------------------------ # LEWIS YOUNG ROBERTSON & BURNINGHAM, INC. STATEMENT OF OPERATIONS Year Ended December 31, 2019 | Revenues: | | |-------------------------------------------|-----------| | Consulting fees<br>\$ | 2,623,873 | | Municipal advisory fees | 1,868,730 | | Gain on investments | 131,956 | | Administrative fees | 129,793 | | Total revenues | 4,754,352 | | Operating expenses: | | | Employee compensation and benefits | 2,274,333 | | Other general and administrative expenses | 2,080,783 | | Occupancy | 184,418 | | Total operating expenses | 4,539,534 | | Income from operations | 214,818 | | Provision for income taxes | 47,000 | | Net income<br>\$ | 167,818 | The accompanying notes are an integral part of these financial statements. {2}------------------------------------------------ #### LEWIS YOUNG ROBERTSON & BURNINGHAM, INC. STATEMENT OF STOCKHOLDERS' EQUITY Year Ended December 31, 2019 | | Common Stock | | Additional<br>Paid-in | Retained | | |--------------------------------------------|--------------|-------------|-----------------------|---------------------|----------| | | Shares | Amount | Capital | Earnings | Total | | Balance at January 1, 2019 | 3,862<br>\$ | 3,862<br>\$ | - | \lt;br>474,193<br>\$ | 478,055 | | Purchase and retirement of<br>…Read the full text as markdown