# J.H. DARBIE & CO., INC. X-17A-5 (2026-06-26) — Broker-dealer annual report - Company: J.H. DARBIE & CO., INC. - Form: X-17A-5 - Filed: 2026-06-26 - Period: 2026-03-31 - Accession: 0001042567-26-000001 - CIK: 1042567 - File #: 8-50335 - Type: Broker-dealer - Material weakness: No - Auditor: NTT & Company, PLLC - Auditor location: Giddings, TX - Contact: Hasnain Naveed - Phone: 212-668-8700 - Email: hnaveed@acisecure.com - Website: acisecure.com - Signed by: Robert Robinowitz (President) Original filing: https://www.sec.gov/Archives/edgar/data/1042567/000104256726000001/jhdarbiepublicaudit.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-50335 # ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING 03/31/2026 filing for the period beginning 04/01/2025 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: J.H. Darbie & Co., Inc. TYPE OF REGISTRANT (check all applicable boxes): □ Broker-dealer □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | 48 Wall St, Suite 1206 | | | | | | |------------------------|--|--|--|--|--| |------------------------|--|--|--|--|--| | | | (No. and Street) | | | | |----------------------------------------------------------------------------------------------------|--|------------------------------------------------------------|-----------------|--------------------------------------------|--| | New York | | NY | | 10005 | | | (City) | | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Hasnain Naveed | | 212-668-8700 | | hnaveed@acisecure.com | | | (Name) | | (Area Code - Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filling *
NTT & Company, PLLC | | (Name - if individual, state last, first, and middle name) | | | | | 3488 South U.S. Highway 77 Giddings | | | TX | 78624 | | | (Address) | | (City) | (State) | (Zip Code) | | | March 19, 2019 | | | 6543 | | | | (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 accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ # OATH OR AFFIRMATION | I Robert Robinowitz | swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------|---------------------------------------------------------------------| | financial report pertaining to the firm of J.H. Darbie & Co., Inc. | as of | March 31 , 2 026 , is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Signature: Title: President # This filing \*\* contains (check all applicable boxes): - = (a) Statement of financial condition. - = (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - 0 (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [ (g) Notes to consolidated financial statements. - [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - [j] 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 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - | |o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve reguirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - [ - | | Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - @ (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ {v} Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - | (y) Report describing any material inadequacies 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: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ # J.H. DARBIE & CO., INC. Financial Statement With Report of Independent Registered Public Accounting Firm For the Year Ended March 31, 2026 This report is deemed PUBLIC in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. {3}------------------------------------------------ # J.H. DARBIE & CO., INC. MARCH 31, 2026 # Table of Contents | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-------| | Financial Statement: | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3 - 7 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Directors and Shareholders of J. H. Darbie & Co., Inc .: # Opinion on Financial Statements We have audited the accompanying statement of financial condition of J. H. Darbie & Co., Inc. (the "Company") as of March 3 1, 2026, and the related notes (collectively referred to as "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financal position of the Company as of March 31, 2026, in conformity with acounting principles generally accepted in the United States of America. # Basis for Opinion These financial statement is the company's management. Our responsibility is to express an opinion on the Company's financial statement 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 the Company 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 require that we plan that we plan and perform the audit to obtain reasonable assurance about whether the financial misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement, 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 statement. Our audit also included evaluating trinciples used and significant estimates made by management, as well as evaluating the overall rresentation of the financial statement. We believe that the audit of the financial statement provides a reasonable basis for our opinion. NTT & Company, PLLC Beaumont, Texas June 24, 2026 We have served as the auditor for J. H. Darbie & Co., Inc. since 2020. > NTT & Company, PLLC 5865 Mistletoe Avenue Beaumont, TX 77707 512.766.8131 NathanTuttle@NTTCoCPA.com {5}------------------------------------------------ # J.H. DARBIE & CO., INC. STATEMENT OF FINANCIAL CONDITION MARCH 31, 2026 | A SSIETS: | | | |---------------------------------------------------------------------------------------------------|----|-----------| | Cash and cash equivalents | S | 888,485 | | Deposit at clearing firms | | 188,746 | | Due from broker | | 204,527 | | Accounts receivable | | 27,412 | | Other assets | | 576,698 | | TOTAL ASSETS | ತಿ | 1,885,868 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | LIABILITIES: | | | | Accounts payable and accrued expenses | S | 723,130 | | Deferred revenue | | 81,580 | | TOTAL LIABILITIES | | 804,710 | | COMMITMENTS AND CONTINGENCIES | | | | STOCKHOLDERS' EQUITY: | | | | Common stock; Series A - 1,000,000 shares authorized, none outstanding; common stock, \$.0001 par | | | | value, 200,000,000 shares authorized, 175,250,000 issued, 175,000,000 outstanding | | 200 | | Additional paid-in capital | | 692,048 | | Retained earnings | | 388,910 | | TOTAL STOCKHOLDERS' EQUITY | | 1,081,158 | | TOTAL LIABILITIES AND STOCKHOLDERS' FOUITY | S | 1 885 868 | See accompanying notes to financial statement {6}------------------------------------------------ #### NOTE 1- ORGANIZATION AND NATURE OF BUSINESS: J.H. Darbie & Co., Inc. (the "Company") was incorporated in the state of New York in February 1997. The Company is a registered broker-dealer with the Securities and Exchange Commission ("SEC") and is a member of both the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investors Protection ("SIPC"). The Company is also a member of the Nasdaq Stock Market ("Nasdaq"). The Company is authorized to engage in transactions in listed and over-the counter securities, corporate debt securities, mutual funds, government securities, variable life insurance, annuities, and non-exchange member arranging for transactions in listed securities by exchange members. The Company introduces its customer accounts to a carrying broker on a fully-disclosed basis. The Company is also authorized to act as a placement agent for securities offerings, an underwriter or selling group participant for corporate securities (other than mutual funds), and to perform investment advisory services. ### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: #### Basis of Presentation The accompanying financial statement has been prepared on the accrual basis of accounting in accounting principles generally accepted in the United ("GAAP") as detailed in the Financial Accounting Standards Board's Accounting Standards Codification. ### Use of Estimates The preparation of financial statement and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statement, and the reported amounts of income and expenses during the reporting period. Accordingly, actual results could differ from those estimates and such differences could be material. #### Accounts Receivable The Company carries its accounts receivable at cost less an allowance for doubtful accounts. On a periodic basis, the Company evaluates its accounts receivable and establishes an allowance for doubtful accounts based on history of past write-offs and collections and current credit conditions. No allowance for doubtful accounts was required at March 31, 2026. ### Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of funds maintained in checking and money market accounts held at financial institutions. ### Commissions and Securities Transactions Commissions earned from customer securities transactions are recorded on a trade date basis. Securities transactions of the Company are recorded on a trade date basis. #### Receivables from Broker-Dealers and Clearing Organizations Receivables from broker-dealers and clearing organizations represent billings for trading commissions and licensing fees. Based on the Company's operating history and customer base, bad debts to date have not been material, and as such a reserve has not been established. #### Revenue Recognition The Company adopted ASU 2014-09, Revenue from Contracts with Customers, (codified in ASC 606). The Company recognizes revenue when services are transferred to clients. Revenue is recognized based on the amount of consideration that management expects to receive in exchange for these services in accordance with the client. To determine the amount and timing of revenue recognition, the Company must (1) identify the contract with the client, (2) identify the performance obligations in the contract, (3)determine the transaction price to the transaction price to the performance obligations in the contract, and (5) recognize revenue when the Company satisfies a performance obligation. {7}------------------------------------------------ #### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): #### Revenue Recognition (Continued) #### Significant Judgement Significant judgement is required to determine whether performance obligations are satisfied at a point in to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the constraints on variable consideration should be applied due to uncertain future events. #### Commissions The Company earns commissions on client transactions in equity securities, life insurance, debt securities, and variable annuities. Commissions revenue and related clearing expenses are recorded on a trade-date basis. The Company also earns ongoing trailing commissions, and is responsible for minor ongoing client relations services, which are recorded as the services are performed. #### Mutual Fund Fees and Variable Annuity Fees The Company enters into agreements with Mutual Funds and Variable Annuities ("funds") to distribute shares to investors. The Company may receive distribution fees paid by the fund up front, over time, upon the investor's exit from the fund (that is, a contingent deferred sales charge), or as a combination thereof. The Company believes that its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade and variable amounts are recognized to the extent it is probable that a significant reversal will not occur once the uncertainty is resolved. For variable amounts, as the uncertainty is dependent on the shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome this constraint until the market value of the fund and the investor activities are known, which are usually monthly or quarterly. Mutual fund fees and variable annuity fees recognized in the current period are primarily related to performance obligations that have been satisfied in prior periods. #### Mutual Fund Referring Fee The Company receives fees from the clearing firm for refering mutual fund clearing firm. This is in accordance with the contracts with the clearing firm and is received monthly or quarterly based upon the terms of the client. As long as the investor stays in the mutual fund we are eligible to earn this revenue. #### Private Placement Fee Income The Company is engaged by private companies to raise company securities in unregistered offerings to qualified investors. If the Company is successful in achieving the private capital raise, the Company is paid a fee for its efforts in finding the investors, in accordance with the terms of the private company 's contracts with qualified investors. #### Fee Income The Company receives various fees from the clearing firm which includes amounts charged for processing of securities trades and for providing administrative and compliance services the majority of these fees monthly for satisfying the performance obligations. These fees are recognized as they are earned. The Company charges fees to the clients for mailings and or processing of trades. When the postage and handling fees are incurred and paid on behalf of the client by the Company, it triggers the recognition of a receivable and we charge the client for these fees and record them as income. {8}------------------------------------------------ ### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): ### Revenue Recognition (Continued) ### Referral Income The Company receives a monthly or quarterly refertal fee for its efforts to introduce potential investment banking clients to another broker-dealer. In the event there is a successful transaction, the Company will recognize a success fee in connection with the introduction. Under ASC 606, the quarterly fee is recognized evenly throughout each quarter as the Company is nerforming its obligations to make attempts to make introductions. In the event of a successful transaction, the Company recognizes revenue when the transaction is successfully closed. ### Receivables and Contract Balances Receivables arise when the Company has an unconditional right to receive payment with a customer and are derecognized when the cash is received. There are no receivable balances as of March 31, 2026. Contract assets arise when the revenue associated with the contract is recognized prior to the company's unconditional right to receive payment under a contract with a customer (i.e., unbilled receivable) and are dereognized when either it becomes a receivable or the cash is received. Contract assets are reported in the statement of financial condition. As of March 31, 2026, contract asset balances were \$0. Contract liabilities arise when customers remit contractual cash payments in advance of the Company satisfying its performance obligations under the contract and are derecognized when the contract is recognized when the performance obligation is satisfied. As of March 31, 2026 there were no contract liabilities. # Income Taxes Effective June 3, 1997, the Company elected "S" corporation status for federal income tax purposes. Under "S" corporation regulations, net income or loss is reportable for tax purposes by the shareholders. Accordingly, no federal income taxes are included in the accompanying financial statement. At March 31, 2026, management has determined that the Company had no uncertain tax positions that would require financial statement recognition in accordance with FASB ASC 740-10 "Accounting for Income Taxes". This determination will always be subject to ongoing re-evaluation as facts and circumstances may remains subject to U.S. federal and state income tax audits for all periods. # NOTE 3 - NET CAPITAL REQUIREMENTS: The Company is subject to the SEC Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net capital, and requires that the ratio of aggregate indebtedness to net capital, shall not exceed 15 to 1. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. At March 31, 2026, the Company had net capital of \$996,243 which was \$942,596 in excess of its required net capital of \$50,000. The Company's ratio of aggregate indebtedness to net capital was 0.81 to 1. #### NOTE 4-CONCENTRATION OF CREDIT RISK: #### Cash The Company maintains principally all cash balances in multiple financial institutions which, at times, may exceed the amount insured by the Federal Deposit Insurance Corporation. The Company is solely dependent upon daily bank balances and the strength of the financial institutions. The Company has not incurred any losses on this account. At March 31, 2026, the amount in excess of insured limits was \$533,972. {9}------------------------------------------------ #### /X\$X Y-XZX -- % \$[\Z]^]! #### -- -- - # \_4>9ACBF?>674=>=9:?9B>A6:?9=4BC49=4G>3=6FD3747I4=@A=7?6@`ab\_M6:9@FCC;GA?BC6?4GI9?A?Ka:>344c4:>>39>BF?>674=? 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A:GA=4B>DF9=9:>44?6@A:G4I>4G:4??6@6>34=?K23456789:;39?A??F4G:6DF9=9:>44?9>N9=B3OP34PQf76:>3 84=A6G>34:4:G4GK a:>34:6=79CB6F=?46@IF?A:4??<>3456789:;A:G47:A@A4?9:GDF9=9:>44?B4=>9A:?4=cAB48=6cAG4=?6G; 9D4:>?<>=F?>44?9:G9G7A:A?>=9>6=?<9D9A:?>?84BA@A4G86>4:>A9CC6??4?A:B6::4B>A6:HA>3>34A=9B>A:D9?9:9D4:>6@<6=8=6cAGA:D ?4=cAB4?>6>3456789:;K23479kA7F786>4:>A9C976F:>6@@F>F=489;74:>?>39>>3456789:;B6FCGI4=4EFA=4G>679J4F:G4= >34?4A:G47:A@AB9>A6:?B9::6>I44?>A79>4GKq6H4c4=<>3456789:;I4CA4c4?>39>A>A?F:CAJ4C;A>HACC39c4>679J479>4=A9C 89;74:>?F:G4=>34?49==9:D474:>?K23456789:;39?A??F4G:6DF9=9:>44?9>N9=B3OP34PQf76:>384=A6G>34: 4:G4GK {10}------------------------------------------------ ### NOTE 9 - SEGMENT REPORTING: The Company follows ASC 280, Segment Reporting (including adoption of ASU 2023-07), which requires companies to disclose segment data based on how management makes decisions about allocating resources to segments and evaluating performance. The Company conducts its business activities and reports financial results as a single reportable segment, brokerage services segment. Using the management approach, qualitative and quantitative criteria established by ASC 280, the Company is considered to be a single reportable segment. The Company's Chief Operating Decision Maker ("CODM") is the Company's Chief Executive Officer. The CODM makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents their financial results. The nature of business and accounting policies of the brokerage services segment are the same as described in the organization and nature of business and summary of significant accounting policies. The measure of segment assets is reported on the Statement of Financial Condition as total assets. Segment financial information is identical to that presented in the accompanying financial statement. # NOTE 10 - SUBSEQUENT EVENTS: The Company has evaluated events subsequent to the Statement of Financial Condition date for items requiring or disclosure in the financial statement. The evaluation was performed through the date the financial statement was issued. Based upon this review, the Company has determined that there were no events which took place that would have a material impact on its financial statement. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.