Full text of LEWIS YOUNG ROBERTSON & BURNINGHAM, INC.'s X-17A-5 filed 2023-03-03 (period 2022-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # LEWIS YOUNG ROBERTSON & BURNINGHAM, INC. STATEMENTS OF FINANCIAL CONDITION December 31, 2022 and 2021 | ASSETS | 2022 | 2021 | |---------------------------------------------------------------------------------|-----------------|-----------| | | | | | Cash | \lt;br>631,529 | 582,867 | | Accounts receivable, net | 319,732 | 813,829 | | Prepaid expenses | 28,605 | 302 | | Income tax receivable | 13,000 | 6,000 | | Total current assets | 992,866 | 1,402,998 | | Property and equipment, net | 549,704 | 738,382 | | Cash surrender value of life insurance | 644,197 | 786,741 | | Total assets | \lt;br>2,186,767 | 2,928,121 | | | | | | LIABILITIES AND STOCKHOLDERS' EQUITY<br>Current liabilities: | | | | Payables | \lt;br>317,314 | 355,632 | | Current portion of lease liabilities | 198,395 | 182,730 | | Total current liabilities | 515,709 | 538,362 | | Lease liabilities | 311,736 | 510,131 | | Deferred income taxes | 89,000 | 204,000 | | Total liabilities | 916,445 | 1,252,493 | | Stockholders' equity:<br>Common stock, \$1 par value; 50,000 shares authorized, | | | | 3,879 and 3,829 shares issued and outstanding, respectively | 3,879 | 3,829 | | Additional paid-in capital | 119,820 | 79,880 | | Retained earnings | 1,146,623 | 1,591,919 | | Total stockholders' equity | 1,270,322 | 1,675,628 | | Total liabilities and stockholders' equity | \lt;br>2,186,767 | 2,928,121 | The accompanying notes are an integral part of these financial statements. {1}------------------------------------------------ # LEWIS YOUNG ROBERTSON & BURNINGHAM, INC. STATEMENTS OF OPERATIONS Years Ended December 31, 2022 and 2021 | | 2022 | 2021 | |-------------------------------------------|-----------------|-----------| | Revenues: | | | | Municipal advisory fees | \lt;br>2,695,229 | 4,369,011 | | Consulting fees | 1,564,265 | 1,328,037 | | Gain (loss) on investments | (142,544) | 136,888 | | Administrative fees | 167,623 | 152,849 | | Total revenues | 4,284,573 | 5,986,785 | | Operating expenses: | | | | Employee compensation and benefits | 3,843,975 | 4,403,118 | | Other general and administrative expenses | 875,604 | 613,733 | | Occupancy | 95,290 | 132,704 | | Total operating expenses | 4,814,869 | 5,149,555 | | Income (loss) from operations | (530,296) | 837,230 | | Other income: | | | | Gain on forgiveness of debt | - | 242,100 | | Net other income | - | 242,100 | | Provision (benefit) for income taxes | (85,000) | 202,000 | | Net income (loss)…Read the full text as markdown