# HAMILTON CLARK SUSTAINABLE CAPITAL, INC. X-17A-5 (2025-03-13) — Broker-dealer annual report - Company: HAMILTON CLARK SUSTAINABLE CAPITAL, INC. - Form: X-17A-5 - Filed: 2025-03-13 - Period: 2024-12-31 - Accession: 0001172571-25-000003 - CIK: 860034 - File #: 8-42236 - Type: Broker-dealer - Material weakness: No - Auditor: McBee & Co. - Auditor location: Dallas, TX - Contact: John J. McKenna - Phone: 202-461-2252 - Email: john.mckenna@hamiltonclark.com - Website: hamiltonclark.com - Signed by: John J. McKenna (President and Chief Compliance Officer) Original filing: https://www.sec.gov/Archives/edgar/data/860034/000117257125000003/2024audithamilton-.pdf --- {0}------------------------------------------------ OMB APPROVAL **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB Number: 3235\*0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 **ANNUAL REPORTS FORM X-17A-5 PART III** SEC FILE NUMBER **8-42236 FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-L2, and 18a-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING 01/01/2024 AND ENDING 12/31/2024 MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** Hamilton Clark Sustainable Capital, Inc. NAME OF FIRM: TYPE OF REGISTRANT (check all applicable boxes): H Broker-dealer Security-based swap dealer Check here if respondent is also an OTC derivatives dealer Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 1701 Pennsylvania Avenue NW, STE 200 (No. and Street) Washington DC 20006 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING John J. McKenna 202-461-2252 john.mckenna@hamiltonclark.com (Name) (Area Code -Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* McBee & Co. (Name -if individual, state last,first, and middle name) 718 Paulus Avenue Dallas TX 75214 (Address) (City) (State) (Zip Code) 09/22/2009 3631 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number,if applicable) **FOR OFFICIAL USE ONLY** \* Claims for exemption from the requirement that the annualreports be covered by the 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)(l)(ii),if applicable. Persons who are to respond to the collectionof information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | | financial reoort pertaining to the firm of
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as of
12/31
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is true and correct. Ifurther
swear (or affirm) that neither the company nor any
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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 § 210.102 of Regulation S-X). | | 5 | (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. | | m | (g) Notes to consolidated financial statements. | | | (h) Computation of net capital under 17 CFR 240 15c3-lor 17 CFR 240.18a 1.as applicable. | | | (i) Computation of tangible net worth under 17 CFR 240.183-2. | | | (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. | | Z | (k) Computation for determination of security-based swap eserve requirements pursuant to Exhibit B to 17 CFR 240.1Sc3-3 or | | | Exhibit A to 17 CFR 240.18a-4, as applicable. | | | (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. | | | nformation relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
(m) | | !_ | (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR
240 15e3-3(p)(2) or 17 CFR 740 18a-4,as applicable | | * | (o) Reconciliations,including appropriate explanations,of the FOCUS Report with computation of net capital or tangible net | | | worth under 17 CFR 240.1Sc3-l,17 CFR 240.18a-l,or 17 CFR 240.18a-2,as applicable,and the reserve requirements 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. | | Z | (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. | | m | (q) Oath or affirmation in accordance with 17 CFR 240.17a-5,17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. | | Z | (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | | of | (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. | | 6 | (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 | | | CFR 240.17a-5,17 CFR 240.18a-7, or 17 CFR 240 17a-12, as applicable | | 1 | ( 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 | (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-le or 17 CFR 240.17a-12,
as applicable. | | | (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit,or | | | statement that no material inadequacies exist,under 17 CFR 240.17a-12(k).
a | | | (z) Other: | {2}------------------------------------------------ Hamilton Clark Sustainable Capital, Inc. Financial Statements And Report of Independent Registered Public Accounting Firm For the Year Ended December 31, 2024 {3}------------------------------------------------ ### TABLE OF CONTENTS | Page | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--| | REPORT
OF
INDEPENDENT
REGISTERED
PUBLIC
ACCOUNTING
FIRM
THE
FINANCIAL
STATEMENTS
ON
1 | | | | | | FINANCIAL
STATEMENTS | | | | | | Statement
of
Financial
3
Condition | | | | | | Operations
4
Statement
of | | | | | | Stockholder's
of
5
Statement
Equity | | | | | | Statement
of
Cash Flows
6 | | | | | | Notes
to
Financial
Statements
7-11 | | | | | | SUPPLEMENTAL
INFORMATION | | | | | | Schedule I -
Computation of Net Capital | | | | | | Under Rule 15c3-1 of the Securities and Exchange Commission
12
Schedule II -Statement Regarding Reserve Requirements and | | | | | | Possession or Control Requirements
13 | | | | | | REPORTS
ADDITIONAL
RELATED
INFORMATION
AND | | | | | | on
Report
of
Independent
Registered
Public
Accounting
Firm
The
Exemption
from
SEC
Rule 15c3-3
Report
14 | | | | | | Exemption
Report
15 | | | | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) **A** Professional Corporation Certified Public Accountants ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** # **To the Stockholder of Hamilton Clark Sustainable Capital,Inc.** # **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Hamilton Clark Sustainable Capital,Inc. as of December 31, 2024,the related statements of operations, stockholder's equity and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Hamilton Clark Sustainable Capital, Inc. as of December 31, 2024, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. # **Basis for Opinion** These financial statements are the responsibility of Hamilton Clark Sustainable Capital Inc.'s management. Our responsibility is to express an opinion on Hamilton Clark Sustainable Capital Inc.'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 Hamilton Clark Sustainable Capital, Inc. 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. {5}------------------------------------------------ Hamilton Clark Sustainable Capital, Inc. Report of Independent Public Accounting Firm December 31, 2024 ### **Auditor's Report on Supplemental Information** **The supplemental information contained in Schedule I-Computation of Net Capital Under Rule 15c3-l of the Securities and Exchange Commission ("Schedule I") and Schedule II - Statement Regarding Reserve Requirements and Possession or Control Requirements ("Schedule II") has been subjected to audit procedures performed in conjunction with the audit of Hamilton Clark Sustainable Capital Inc.'s financial statements. The supplemental information is the responsibility of Hamilton Clark Sustainable Capital, Inc.'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 supplemental information contained in Schedule I and Schedule II is fairly stated, in all material respects, in relation to the financial statements as a whole.** **McBee & Co.,PC We have served as Hamilton Clark Sustainable Capital, Inc.'s auditor since 2024. Dallas, Texas March 11, 2025** {6}------------------------------------------------ # **HAMILTON CLARK SUSTAINABLE CAPITAL, INC. STATEMENT OF FINANCIAL CONDITION DECEMBER 31 , 2024** | Assets | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------| | assets:
Current | | | Cash
Accounts
receivable
customers
receivable
and
other
Accounts
independent
contractor | 111,456
\$
48,204
38,603 | | account
Brokerage
Prepaid
expense
Deposits | 1,003
37,681
568 | | assets
Total
current | 237,515 | | Long-term
assets: | | | cost:
equipment,
at
and
Furniture | | | and
equipment
Furniture
Less
and
accumulated
depreciation
amortization | 13,825
(13,582) | | furniture,
equipment,
Total
fixtures
and
net | 243 | | Deferred
asset
tax | 33,788 | | assets
Total
long-term | 34,031 | | assets
Total | 271,546
S | | Stockholder's
Equity
Liabilities and
liabilities:
Current | | | Accounts
accrued
expenses
payable
and
payable
Commissions
Deferred
revenue
related
expense
and | 5,479
\$
40,500
4,183 | | Total
current
liabilities | 50,162 | | :
Stockholder's
equity | | | 3,000
(\$0.01
shares;
Common
stock
par
value,
authorized
100
issued
31,
as
shares
December
and
outstanding
of
2024) | 1 | | Additional
paid-in
capital
Accumulated
deficit
Totalstockholder's
equity | 339,039
(117,656)
221,384 | | stockholder's
Total
liabilities and
equity | 271,546
\$ | {7}------------------------------------------------ # **HAMILTON CLARK SUSTAINABLE CAPITAL, INC, STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2024** | Revenues | | | |-----------------------------------------------------------------|-----------|------------| | success
fees
Advisory
and | \$ | 2,111,140 | | expenses
Reimbursed | | 223,141 | | Total
revenues | 2,334,281 | | | | | | | Costs
expenses:
and | | | | Travel
and
entertainment | | 32,936 | | Salaries
and
benefits | | 207,687 | | fees
Independent
contractors | | 1 ,868,525 | | General
and
administrative | | 161,668 | | fees
Legal
and
professional | | 111,326 | | and
expense
Depreciation
amortization | | 2,488 | | Property
tax
expense | | 1 ,650 | | Total
costs
and
expenses | | 2,386,280 | | Net
operating
loss | | (51,999) | | Other
income | | | | Interest
income | | 1 | | Total
other
income | | 1 | | taxes
Loss
before
for
provision (benefit)
income | | (51 ,998) | | for
taxes
Provision
(benefit)
income | | | | expense,
Federal
current
income
tax | | 22,904 | | benefit,
Federal
deferred
income
tax | | (34,347) | | State
expense
tax | | 11 ,704 | | taxes
Total
for
income
provison | | 261 | | Net
loss | \$ | (52,259) | {8}------------------------------------------------ # **HAMILTON CLARK SUSTAINABLE CAPITAL, INC. STATEMENT OF STOCKHOLDER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2024** | | Common
Stock | | | | | | |----------------------------------------------------------------|-----------------|----|--------------|-------------------------------|------------------------|---------------| | | Shares | | Par
Value | Additional Paid
in Capital | Accumulated
Deficit | Total | | 31,
as
Balance
at
December
2023 | | | | | | | | reported
previously | 100 | \$ | 1 | \$
324,704 | \$
(51,062) | \$
273,643 | | Reclassification | | | | 14,335 | (14,335) | | | 31,
at
as
Balance
December
2023
reclassified | 100 | | 1 | 339,039 | (65,397) | 273,643 | | Net
loss | | | | | (52,259) | ( 52,259) | | 31.
December
Balance
at
2024 | 100 | S | 1 | \$
339,039 | \$
(117,656) | \$
221384 | {9}------------------------------------------------ # HAMILTON CLARK SUSTAINABLE CAPITAL, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2024 | OPERATING
ACTIVITIES | | | |-------------------------------------------------------------------------------------------|----|-----------| | Net
loss | S | (52,259) | | to
Adjustments
reconcile
net
loss | | | | in operations:
net
cash
to
used | | | | expense
Depreciation
and
amortization | | 2,488 | | tax
Deferred
benefit | | (34,347) | | Changes
in Operating
Assets
and
Liabilities | | | | Decrease
accounts
receivable | | 105,495 | | Increase
brokerage
account | | (1) | | Decrease
expense
prepaid | | 11,962 | | expenses,
payable,
Decrease
accounts
accrued
and
commissions
payable | | (145,421) | | Decrease
federal
tax
payable
income | | (4,115) | | Decrease
deferred
and
related
expense
revenue | | ( 1 ,942) | | cash
Net
used
in Operating
Activities | | (118,140) | | Net
cash
decrease | | (118,140) | | Cash
at
of
year
beginning | | 229,596 | | Cash
at
end
of
year | \$ | 1 11,456 | | of
cash
Supplemental
disclosure
flow
information | | | | Interest
paid | S | | | Income
tax
paid | \$ | 27,019 | {10}------------------------------------------------ # 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: ### Business and operations Hamilton Clark SustainableCapital, Inc. (theCompany) wasincorporated in Delaware on January 24, 1990. In June 2014, an amendment was approved to change the name of the Company to Hamilton Clark Sustainable Capital, Inc. The Company is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FfNRA) and Securities Investor Protection Corporation (SIPC). The Company's operations are limited to the distribution of private placements of debt and equity securities to institutional and other accredited investors and mergers and acquisitions. The U.S. dollar (\$) is the functional currency of the Company. ## Management estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ### Segment Reporting The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of fees from investment banking services. The Company has identified its CEO as the chief operating decisions maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or to pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM managesthe business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same asthose described in the summary of significant accounting policies. Segment financial information is identical to that presented in the accompanying financial statements. #### Cash and cash flows For purposes of the statement of cash flows, cash includes demand deposits. The Company maintains deposits primarily in one financial institution. At December 31, 2024, the Federal Deposit Insurance Corporation (FDIC) provided insurance coverage of up to \$250,000, per depositor, per institution. At December 31, 2024, there is no uninsured cash. {11}------------------------------------------------ ## Current Expected Credit Losses ("CECL") The Company accounts for estimated credit losses on financial assets measured at an amortized cost basis in accordance with FASB ASC 326-20, *Financial Instruments*— *Credit Losses.*FASB ASC 326-20 requires the Company to estimate expected credit losses over the life of its financial assets as of the reporting date based on relevant information about past events, current conditions, and reasonable and supportable forecasts. The Company records the estimate of expected credit losses as an allowance for credit losses. For financial assets measured at an amortized cost basisthe allowance for credit lossesisreported as a valuation account on the statement of financial condition that adjusts the asset's amortized cost basis. Changes in the allowance for credit losses are reported in credit loss expense. Any receivables deemed uncollectible are written off against the allowance. In management's opinion, any potential allowance for credit losses would not be material to the financial statements as of December 31, 2024. ## Furniture and equipment Furniture and equipment are stated at cost less accumulated depreciation. Depreciation of furniture and equipment is being provided using the straight-line method for financial reporting purposes over estimated usefiil lives of five to seven years. ## Revenue recognition The Company recognizes revenues in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers. Under this guidance, the Company recognizes revenue from sales when performance obligations under the terms of a contract with a customer are satisfied by analyzing exchanges with its customers using a five-step approach (1) identify the contract(s) with a customer; (2) identify the performance obligation in the contract(s); (3) determine the transaction price; (4) allocate the transaction price to the performance obligation(s) in the contract(s); and (5) recognize the revenue when (or as) the Company satisfies a performance obligation. Such revenue is recorded at the amount of consideration expected to be received in exchange forthe transfer of goods and services to its customers. Revenue from contracts with customers includes fees from investment banking services. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how 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 contract; and whether constraints on variable consideration should be applied due to uncertain future events. The Company earns consulting fees (comprised of advisory services and success fees as further described in the following paragraphs). The Company's contracts typically do not have multiple performance obligations or any variable consideration. ### Advisory Services Income The Company earns fees and commissions in connection with the placement and advisory services it provides (\$1,185,666 during 2024) and recognizes revenue when the Company has completed its contractual obligations and collection is reasonably assured. {12}------------------------------------------------ #### Success Fee Income Revenue is recognized when securities transactions are closed,securities are exchanged and all elements of contractual fulfillment are met. Success Fee revenues include fees earned from providing merger-andacquisition and financial restructuring advisory services. Success Fees from securities related transactions (\$925,474 during 2024) are recognized when earned under the respective agreements. #### Deferred revenue In 2023 the Company reviewed its policiesforrevenue recognition and related expense.In discussions with the Managing Directors, it was determined that invoices were prepared in advance of the services provided in accordance within the terms of the engagement agreements. As such, the Company started to record the income on a weekly basis to match the performance of the services. #### Client concentrations For the year ended December 31, 2024, the Company had the following customers with respect to its revenue concentrations as well as accounts receivable concentrations as of December 31, 2024. | | | Accounts | | |---------------|----------|------------|--| | | Revenues | Receivable | | | Customer
1 | 25% | * | | | 2
Customer | 11% | * | | | 3
Customer | 10% | 12% | | | 4
Customer | 10% | * | | | 5
Customer | * | 18% | | \*amounts less than 10% #### Income Taxes The Company files its income tax return on a separate company basis. The amount of current and deferred taxes payable or refundable is recognized as of the date of the financial statements, utilizing currently enacted tax laws and rates. Deferred tax expenses or benefits are recognized in the Financial statements for the changes in deferred tax liabilities or assets between years. The Company recognizes and measures its unrecognized tax benefits in accordance with FASB ASC 740, Income Taxes. Under that guidance the Company assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax benefits is adjusted when new information is available, or when an event occurs that requires a change. {13}------------------------------------------------ ### Fair value of financial instruments In accordance with the reporting requirements of the (FASB) (ASC) Topic 825, *Financial Instruments,* the Company calculates the fair value of its assets and liabilities which qualify as financial instruments under this standard and includesthis additional information in the notes to the financial statements when the fair value is different than the carrying value of those financial instruments. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value at December 31, 2024, nor gains or losses reported in the statement of operations and stockholder's equity that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held during the year ended December 31, 2024. The estimated fair value of cash, accounts receivable and accounts payable approximate their carrying amounts due to the nature and short maturity of these instruments. ### Recent accounting pronouncements During the year ended December 31, 2024 and through March 11, 2025, there were several new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company'sfinancial statements. In December 2023, the FASB issued Accounting Standards Update 2023-09, Income Taxes (Topic 740), to enhance transparency and decision usefulness of income tax disclosures. The pronouncement is effective for fiscal years beginning after December 15, 2025, and management does not expect a material impact to our disclosures as a result of adoption. ## Subsequent events In preparing the financial statements, the Company has reviewed, as determined necessary by the Company's management, events that have occurred after December 31, 2024, up until the issuance of the financial statements, which occurred on March 11, 2025 and noted no items requiring an adjustment to or disclose in the accompanying financial statements and notes to the financial statements. ### Reclassification of Previously Reported Amounts A prior year capital distribution has been reclassified to increase additional paid-in capital and to increase accumulated deficit to conform with the 2024 presentation. {14}------------------------------------------------ # **2.** INCOME TAXES: The provision for income taxes for the year ended December 31, 2024, differs from the expected federal income tax expense computed by applying the U.S. federal statutory rate to loss before income taxes primarily because of underestimated prior year income tax expense. The deferred income tax benefit for the year ended December 31, 2024, and corresponding deferred tax asset result from the current year net operating loss carryforward of approximately \$160,000. The net operating loss carries forward indefinitely and deductions are subject to taxable income limitations. A valuation allowance is recorded when it is more likely than not that some portion or all of the deferred tax asset will not be realized. The ultimate realization of the deferred tax asset depends on the ability of the Company to generate sufficient taxable income of the appropriate character in the future and in the appropriate taxing jurisdiction. As of December 31, 2024, the Company determined that no valuation allowance was necessary. # 3. COMMITMENTS AND CONTINGENCIES: The Company is party to an operating lease for their corporate office on a month-to-month basis. For the year ended December 31, 2024 rent expense was \$6,751. # 4. NET CAPITAL REQUIREMENTS: The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-l), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined,shall not exceed 15 to 1 (and the rule of the "applicable" exchange 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 December 31, 2024, the Company had net capital of \$102,797, which was \$97,797 in excess of its required net capital of \$5,000. The Company's net capital ratio was .45 to 1. # 5. RULE 15c3-3 EXEMPTION: 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) private placement of securities and (2) investment banking and advisory services including the private placement of debt and equity securities, and the Company, (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (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. {15}------------------------------------------------ # **HAMILTON CLARK SUSTAINABLE CAPITAL, INC. SCHEDULE I COMPUTATION OF NET CAPITAL UNDER RULE 15c3-l OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2024** | NET
CAPITAL | | | |---------------------------------------------------------------------------------------------------------------|----|-----------------| | Stockholder's
for
Total
Equity Qualified
Net
Capital | | 221384 | | Less
Non-allowable
Assets | | | | Accounts
receivable | | 46307 | | expense
Prepaid | | 37,681 | | Deposit | | 568 | | Fixed assets | | 243 | | asset
Deferred
tax | | 33,788 | | Net
Capital | | 102,797 | | | | | | INDEBTEDNESS
AGGREGATE | | | | Accounts
and
accrued
expenses
payable | \$ | 5,479 | | Commissions
payable | | 40,500 | | Aggregate
Indebtedness | \$ | 45,979 | | COMPUTATION
OF
BASIC
NET
REQUIREMENT
CAPITAL | | | | Minimum Net
Capital
Required | | | | (6
2/3%
of
indebtedness)
total
aggregate | | 3,065 | | or
Net
Capital
Requirement
Reporting
Broker
Dealer
Minimum Dollar
of | | 5,000 | | Minimum Net
Capital
Requirement | | 5,000 | | Net
Capital
in Excess
Minimum Required
of | | 97,797 | | in Excess
at
Net
Net
Capital
of
Minimum Required
120%
of
Minimum Dollar
Capital | | 96,797 | | Dealer
Requirement
of
Reporting
Broker
or | \$ | | | RATIO
OF
AGGREGATE
INDEBTEDNESS
TO
NET
CAPITAL | | 0.45
TO
1 | ### **RECONCILIATION WITH COMPANY'S COMPUTATION** The above computation does not differ from the computation of net capital under Rule 15c3-l as of December 31, 2024 and the corresponding unaudited filing of Part HA of the FOCUS Report/Form X-l 7A5 filed by Hamilton Clark Sustainable Capital, Inc. Accordingly, no reconciliation is necessary. #### **STATEMENT OF CHANGES IN LIABILITIES TO CLAIMS OF GENERAL CREDITORS** No statement is required as no subordinated liabilities existed at any time during the year. See Report of Independent Registered Public Accounting Finn {16}------------------------------------------------ ## HAMILTON CLARK SUSTAINABLE CAPITAL, INC SCHEDULE II STATEMENT REGARDING RESERVE REQUIREMENTS AND POSSESSION OR CONTROL REQUIREMENTS AS OF DECEMBER 31, 2024 The Company is considered a Non-Covered Film exempt from 17 C.F.R. § 240.15c3-3 relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5. The Company limits its business activities exclusively to: (1) private placement of securities; and (2) investment banking and advisory services including the private placement of debt and equity securities. The Company does not hold funds or securities. As a Non-Covered Firm, the Computation for Determination of Customer Reserve Requirements and Information Relating to Possession or Control Requirements for Customers are not required. {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) A Professional Corporation Certified Public Accountants #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** # **To the Stockholder of Hamilton Clark Sustainable Capital,Inc.** We have reviewed management's statements,included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5,in which (1) Hamilton Clark Sustainable Capital,Inc. ("the Company") did 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) private placement of securities and (2) investment banking and advisory services including the private placement of debt and equity securities. In addition,the Company (1) did not directly or indirectly receive,hold,or otherwise owe funds or securities for or to customers;(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,December 31,2024, without exception. Hamilton Clark Sustainable Capital Inc.'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 Hamilton Clark Sustainable Capital Inc.'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. McBee & Co.,PC Dallas,Texas March 11, 2025 {18}------------------------------------------------ # **Hamilton Clark Sustainable Capital,Inc. 1701Pennsylvania Avenue NW, Suite 200 / Washington, DC 20006 202-461-2252** #### Hamilton Clark Sustainable Capital, Inc. Assertions Hamilton Clark Sustainable Capital, Inc. (the "Company")is a registered broker-dealersubject 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"). This Exemption Report was prepared 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: (l)The Company does not claim an exemption under paragraph (k) ofl7 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 amendmentsto 17 C.F.R. § 240.17a-5 because the Company limitsits business activities exclusively to: (1) private placement of securities and (2) investment banking and advisory servicesincluding the private placement of debt and equity securities, and the Company, (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (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. #### Hamilton Clark Sustainable Capital, Inc. I,John J.McKenna,swear(or affirm)that,to my best knowledge and belief,this ExemptionReport is true and correct. John J. lyfflcKlpnna, President and Chief Compliance Officer March 7, 2025 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.