Full text of ARTIST CAPITAL LLC's X-17A-5 filed 2022-02-28 (period 2021-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 This report is filed in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. {1}------------------------------------------------ #### **CONTENTS** Page(s) | Report of Independent Registered Public Accounting Firm | 3 | |---------------------------------------------------------|------| | Statement of Financial Condition | 4 | | Notes to Financial Statements | 5-10 | {2}------------------------------------------------   {3}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 #### ASSETS | Cash & cash equivalents | \lt;br>4,791,975 | |-----------------------------------------------|-------------------| | Corrnnissions receivable | 7,077,908 | | Fixed assets | 297,959 | | Prepaid expenses | 93,589 | | Other assets | 128,458 | | Right of use assets | 477,349 | | | | | | \lt;br>12,867 ,238 | | LIABILITIES AND MEMBER'S EQUITY | | | LIABILITIES: | | | Commissions payable | \lt;br>1,650,786 | | Lease liability (Note 3) | 549,348 | | Due to related parties (Note 5) | 157,200 | | Accrued liabilities | 111,252 | | | \lt;br>2,468,586 | | COMMITMENTS AND CONTINGENCIES (Notes 3 and 5) | | | MEMBER'S EQUITY(Note 2) | 10,398,652 | | | \lt;br>12,867 ,238 | The accompanying notes are an integral part of this statement. {4}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS # *NOTE 1- ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES* ### *Organization and business* Artist Capital LLC (the "Company") is a limited liability company formed in the state of Delaware on March 1, 2016. The Company converted from an S Corporation that was formed in the state of Texas on June 29, 2011 to a Limited Liability Company on March 1, 2016. The Company was approved to do business as a registered broker-dealer on May 23, 2013 with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA"). The Company's primary business activity is to assist managers of private alternative investment funds, including private equity, hedge funds and fund of funds, raise capital. ### *Cash and Cash Equivalents* Cash, including cash denominated in foreign currencies, represents cash deposits held at financial institutions. Cash equivalents include short-term, highly l…Read the full text as markdown