Full text of PUBLIC VENTURES, LLC's X-17A-5 filed 2026-03-17 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # MDB CAPITAL # FINANCIAL STATEMENTS AND ACCOMPANYING SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2025 # **PUBLIC** {1}------------------------------------------------ # **MDB CAPITAL** ## **Table of Contents** | | Page | |---------------------------------------------------------------|------| | SEC Form X-17A-5 | 1 | | Report of Independent Registered Public Accounting Firm | 3 | | Statement of Financial Condition | 4 | | Notes to Statement of Financial Condition | 5 | | Supplementary Information | | | Schedule I - Computation of Net Capital under SEC Rule 15c3-1 | 16 | {2}------------------------------------------------ | UNITED STATES | |------------------------------------| | SECURITIES AND EXCHANGE COMMISSION | | Washington, D.C. 20549 | | FILING FOR THE PERIOD BEGINNING | 01/01/2025 | AND ENDING | 12/31/2025 | | |---------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|---------------------------------------|-----------------|--------------------------------------------| | | MM/DD/YY | | | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | | MDB Capital<br>NAME OF FIRM | | | | | | TYPE OF REGISTRANT (check all applicable boxes):<br>Broker-dealer<br>Check here if respondent is also an OTC derivatives dealer | [ Security-based swap dealer | Major security-based swap participant | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | 14135 Midway Road, Suite G-150 | | | | | | | (No. and Street) | | | | | Addison | | X | | 75001 | | (City) | | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Gary Schuman | 945-262-9010 | | info@mdb.com | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing"<br>RBSM LLP | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | 805 Third Avenue | New York | | NY | 10022 | | (Address)<br>9/24/2003 | (City) | 00587 | (State) | (Zip Code) | | (Date of Registration with PCAOB)(if applicable) | | | | (PCAOB Registration Number, if applicable) | | | FOR OFFICIAL USE ONLY | | | | {3}------------------------------------------------ | Gary Schuman | | | |--------------|-------------|--| | | MDB Capital | | December…Read the full text as markdown