# BARDI CO. LLC X-17A-5 (2026-03-06) — Broker-dealer annual report - Company: BARDI CO. LLC - Form: X-17A-5 - Filed: 2026-03-06 - Period: 2025-12-31 - Accession: 0001561729-26-000002 - CIK: 1561729 - File #: 8-69190 - Type: Broker-dealer - Material weakness: No - Auditor: Brian Anson - Auditor location: Tarzana, CA - Contact: Cristiano Manfre - Phone: 3109939960 - Email: cmanfre@bardico.com - Website: bardico.com - Signed by: Cristiano Manfre (CEO & FINOP) Original filing: https://www.sec.gov/Archives/edgar/data/1561729/000156172926000002/audit.pdf --- {0}------------------------------------------------ | 0MB Number. 3235-0123
SECURITIES AND EXCHANGE COMMISSION
Expires: Oct. 31, 2023
Washington, D.C. 20549
Estimated average burden
12
hours per response
ANNUAL REPORTS
SEC FILE NUMBER
FORM X-17A-5
PART Ill
FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
AND ENDING 12/31/2025
FILING FOR THE PERIOD BEG1Ne 1/1/2025
MM/DD/YY
MM/DD/YY
A. REGISTRANT IDENTIFICATION
---------------------
NAME or re. Bardi Co. LLC
ii Broker-dealer
[ Major security-based swap participant
[ Security-based swap dealer
[ Check here if respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P .0. box no.)
633 W 5th Street, FL 26
(No. and Street)
90071
CA
Los Angeles
(Zip Code)
(City)
(State)
PERSON TO CONTACT WITH REGARD TO THIS FILING
cmanfre@bardico.com
(310) 993 9960
Chris Manfre
(Name)
(Email Address)
(Area Code - Telephone Number)
B. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing
Brian W. Anson, CPA
(Name - if individual, state last, first, and middle name)
Tarzana
CA
91356
18455 Burbank Blvd. #404
(2ip Code)
(city)
(State)
(Address)
l'' of Reg;m,tioo w;th PCAOBWf •PPl"•bl•I
FOR OFFICIAL USE ONLY
IPCAOB Reg;n,.tioo N,mbe,, ;t,pp!;c,blel I | | UNITED STATES | | 0MB APPROVAL | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|----------------------------------------------------------------------------------------------------------------------|--|--------------| | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 | | Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public | | | displays a currently valid 0MB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | j, Crstano Manfre | swear (or affirm) that, to the best of my knowledge and belief, the | |----------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of Bardico.LC | as of | | December 31 | 29°, is true and correct.
further swear (or affirm) that neither the company nor any | | partner, officer, director, or equivalent person, | a5/ @se may be, has any proprietary interest in any account classified solely | | as that of a customer. | ,, ,, \\;,Nix' I,,,, | | ,"._')_0••····;:•• |
, | | stir | _£}/
�
"d
i
~
c
f | | | | | · ' a u
z
- | 7
s0'.« -
_
Title:
6fkfmS>
:-- | | :N
- | 0go° :z5
·Mi;"25¢
C
S
9
f
9
? | | 0 • | «so'
s
g | | '
j
's
6
5
%
5
% | i
\$;
s | | | ,,,,,111111\ | | This filing contains (check all applicable boxes): | | | iii (a) Statement of financial condition. | | | [u (b) Notes to consolidated statement of financial condition. | | | | i (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 5 210.1-02 of Regulation S-X). | | | ii (d) Statement of cash flows. | | | ii (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | | D (f) Statement of changes in liabilities subordinated to claims of creditors. | | | D (g) Notes to consolidated financial statements. | | iii (h) Computation of net capital under 17 CFR 240.15c3-1 0r 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - D U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 0r Exhibit A to 17 CFR 240.18a-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to 5 240.15c3-3. - D (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) 0r 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.lBa-l, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 0r 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences **exist.** - D (p) Summary of financial data for subsidiaries not consolidated In the statement of financial condition. - a (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. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (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. - ii (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. - 0() 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. - ii (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. - 0 () Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - D (y) Report describing any material inadequacies found to exist or 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). ii (z) Other. Exemption Report - *··To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7()(2), as applicable.* {2}------------------------------------------------ **RIAN W, ANSON** *Cerfie«d Public Accountant* 1*45\$* Burbank Blvd., Suite 406, Tarznu, C'A 91316 • Tel. (8186) 636-5660 #### REPORT OF INDEPENDENT REGISTERED PUIJLIC ACCOUNTING FIRM To the Member's and Board of Members' of Burdi Co. LLC # **Opinion** on **the Financlal Statements** I have audited the accompanying statement of financial condition of Bardi Co., LLC as of December l, 2025, the related statements of income, changes in member's equity, and cash flows for the year then ended, and the related notes (collectively referred to as the financial statements). In my opinion, the financial statements present fairly, in all material respects, the financial position of Bardi Co., LLC as of December 31, 2025, 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 Bardi Co., LLC's management. My responsibility is to express an opinion on Bardi Co., LLC 's financial statements based on my audit. I am a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and am required to be independent with respect to Bardi Co., LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. I conducted my audit in accordance with the standards of the PCAOB. Those standards require that I 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. My 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. My audit also included evaluating the accounting principles used and significant estimates made by management, as evaluating the overall presentation of the financial statements. I believe that my audit provides a reasonable basis for my opinion. #### Supplemental Information The information contained in Schedule I, II, and III ("Supplemental Information") has been subjected to audit procedures perfonned in conjunction with the audit of the Bardi Co., LLC's financial statements. The Supplemental Information is the responsibility of the Bardi Co., LLC's management. My 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 my opinion on the Supplemental Information, I evaluated whether the Supplemental Information, including its form and content is presented in conformity with 17 C.F,R. \$ 240.17a-5. In my opinion, Schedules I, II, and Ill are fairly stated, in all material respects, in relation to the financial statements taken as a whole. rian . Anson Certified Public Accountant I have served as Bardi Co., LLC 's auditor since 2017. Turzana, California January 21, 2026 {3}------------------------------------------------ #### **Bardi Co. LLC Statement of Financial Conditions December 31, 2025** | Assets | 2025 | |---------------------------------------|---------------| | Cash | \$
8,131 | | Marketable Securities, at Fair Value | 623,025 | | Loan to Shareholders | 97,500 | | Accounts Receivables | 15,165 | | FINRACRD | 152 | | Deposits | 435 | | Total Assets | 744,408 | | | | | Liabilities and Members' Equity | | | Liabilities | | | Accounts Payables | 6,000 | | Accrued Expenses | 13,609 | | Business Credit Card | 2,825 | | Deferred Revenues | 175,055 | | Payable SBA Loan | 183,940 | | Total Liabilities | 381,429 | | Members' Equity | | | Members' Equity | 362,979 | | Total Members' Equity | 362,979 | | Total Liabilities and Members' Equity | \$
744,408 | {4}------------------------------------------------ ### **Bardi Co., LL.C Statement of Income (Loss) For the Year Ended December 31, 2025** | Revenues; | | |----------------------------------------------|---------------| | Commissions and Consulting Fees | \$
177,990 | | Interest and Dividends Earned | 18,818 | | Realized (Loss) Gain on Sale of Securities | 28,537 | | Unrealized Gain (Loss) on Sale of Securities | 17,498 | | Total revenue | 242,843 | | Expense: | | | Commissions & Fees | 100,560 | | Office Expense | 19,286 | | Legal & Professional Services | 6,000 | | Bank Charges | 1,001 | | Regulatory Fees | 3,222 | | Rent and Utilities | 38,592 | | Travel and Entertainment | 20,491 | | Marketing | 664 | | Dues and Subscriptions | 597 | | IT Equipment | 1,134 | | Interest Expenses | 7,485 | | All Others | 6,113 | | Total Expenses | 205,144 | | Income (Loss) from Operation | 37.699 | | Income Tax Benefit (Expense): | | | State Franchise Tax | 800 | | Total Income Tax Expense | 800 | | Net Income (Loss) | \$
36,899 | {5}------------------------------------------------ | | Bardi Co., LLC | | |--------------------------------------|----------------|-----------------------------------------| | | | Statement of Changes in Members' Equity | | For the Year Ended December 31, 2025 | | | | | • | |----------------------------|------------| | | Total | | Balance, December 31, 2024 | \$ 315,710 | | Members (Withdrawals) | (18,800) | | Members Contributions | 29,170 | | Net Income (Loss) | 36,899 | | Balance, December 31, 2025 | \$ 362,979 | {6}------------------------------------------------ #### **Bardi Co., LLC Statement of Cash Flows For the Year Ended December 31, 2025** | | | 2025 | | |----------------------------------------------------|-----|-----------|--| | Operating Activities | | | | | Net Income (Loss) | \$s | 37,303 | | | Adjustments to Reconcile Net Income (Loss) to | | | | | Net Cash Provided by Operating Activities: | | | | | Realized and Unrealized Gain on Sale of Securities | | (17,498) | | | Change in working capital components: | | | | | Increase in Accounts Receivable | | 2,635 | | | Increase in Accounts Payable | | 19,609 | | | Decreases in FINRA CRO | | (533) | | | Lease Deposits | | 500 | | | Increase in Credit Card Debt | | 1,906 | | | Decrease in Deferred Revenues | | 14,830 | | | Net Cash Provided (Used) by Operating Activities | | 58,617 | | | Investing Activities | | | | | Loan to Shareholders | | (47,500) | | | Trade Purchase | | (128,029) | | | Proceeds from Sale of Investments | | 109,674 | | | Net Cash Provided (Used) by Investment | | | | | Activities: | | (65,720) | | | Financing Activities | | | | | Change in SBA Loan | | (4,617) | | | Capital Contributions | | 29,170 | | | Capital Withdrawals | | (8.80o) | | | Net Cash provided (Used) by Financing Activities: | | 5,753 | | | Net Increase (Decrease) in Cash and Equivalents | \$ | (1,350) | | | Cash at 12/31/24 | \$ | 9,481 | | | Cash at 12/31 /25 | \$ | 8,131 | | | Supplementary Information: | | | | | Cash Paid for Interest | \$ | 7,485 | | | Cash Paid for Income Taxes | \$ | 800 | | | | | | | {7}------------------------------------------------ #### **Bardi Co., LLC Notes to Financial Statements December 31, 2025** ### **Note 1-Organization and Nature of Business** Bardi Co., LLC (the "Company") was formed in the State of California on September 13, 2012. The Company is a registered broker-dealer with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority ("FINRA"), and the Securities Investor Protection Corporation ("SIPC"). The Company is also a registered investment advisory. #### **Note 2-Significant Accounting Policies** **Basis of Presentation -** The Company conducts the following types of business as a securities broker-dealer, which comprises several classes of services, including: - Private placements of securities; - Investment banking; - Investment advisory. **Use of Estimates -** The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Securities Owned - Profit and loss arising from all securities and commodities transactions entered into for the account and risk of the Company are recorded on a trade date basis and mark to market. Due to the nature of the Company's business, the size of any one transaction may be significant to the Company's operations for the period. From time to time, the Company is engaged with agreements that entail refundable retainers; in such cases, retainers are recognized as revenues only once the service is actually provided to the client. **Revenue Recognition -** Investment banking fees are contingent on, and are recognized upon, the successful completion of a project. Investment banking fees are generated from services related to a limited number of transactions. # Significant accounting policy Revenue is measured based on a consideration specified in a contract with a customer and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. {8}------------------------------------------------ #### **Bardi Co., LLC Notes lo Financial Statements December 31, 2025** Taxes and regulatory fees assessed by a government authority or agency that are both imposed on and concurrent with a specified revenue-producing transaction, that arc collected by the Company from a customer, are excluded from revenue. #### Nature of services The following is a description of activities -- separated by reportable segments, per **FINRA** Form "Supplemental Statement of Income (SSOI"; from which the Company generates its revenue. For more detailed information about reportable segments, see below Fees earned: This includes fees earned from affiliated entities; investment banking fees, **M&A** advisory; capital raising fees; account supervision and investment advisory fees; administrative **fees, and revenue from research services.** The Company's three top clients accounted for approximately 80% of total revenues for the year ending December 31, 2025. Income **Taxes -** For tax purposes, the Company, with the consent of its members, has elected to be treated like a partnership; therefore, in lieu of business income taxes, the Member is taxed on the Company's taxable income. Therefore, no provision or liability for Federal Income Taxes is included in these financial statements. The State of California has a similar treatment, although there exists a provision for a gross receipts tax and a minimum Franchise Tax of \$800. The accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be **uncertain.** Management has considered its tax positions and believes that all of the positions taken by the Company in its Federal and State organization tax returns are more likely than not to be sustained upon examination. The Company is subject to examinations by U.S. Federal and State tax authorities from 2022 to the present, generally for three years after they are filed. #### **Note** 3 - **Fair Value** FASB ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market {9}------------------------------------------------ #### Bardi Co., LLC Notes to Financial Statements December 31, 2025 for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that arc consistent with the market, income or cost approach, as specified by FASB ASC 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: - Level l inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities the Company has the ability to access; - Level 2 inputs are inputs (other than quoted prices included within level l) that are observable for the asset or liability, either directly or indirectly; - Level 3 are unobservable inputs for the asset or liability and rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs should be developed based on the best information available in the circumstances and may include the Company's own data). The following table presents the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2024: | | Level I | Level 2 | Level 3 | Total | |--------------|-----------|---------|---------|-----------| | Monev Market | \$485,819 | | | \$485,819 | | Fixed Income | 7,152 | | | 7,152 | | Common Stock | I l 9,848 | | | 119,848 | | Derivatives | | \$8.761 | | 8,761 | | Accruals | l 445 | | | 1,445 | | Total | \$623,025 | \$8,761 | | \$623,025 | # Fair Value Measurements on a Recurring Basis As of December 31, 2025 #### **Note 4-Concentration of Risk** Amounts held in financial institutions occasionally are in excess of the Federal Deposit Insurance Corporation and Securities Investor Protection Corporation limits. The organization deposits its cash in high-quality financial institutions, and management believes the organization is not exposed to significant credit risk on those amounts. #### Note 5-Net Capital Requirement The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule I 5c3-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 I. Rule l 5c3-l also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed IO to I. {10}------------------------------------------------ ### Bardi Co., LL.C Notes to Financial Statements December 31, 2025 On December 31, 2025, the Company had net capital of \$221,407, which was \$121,407 in excess of its required net capital of \$100,000. The Company's net capital ratio was 1.72. Note 6- Operating Lease Commitments and Contingencies During the year 2025, the Company leased three different office spaces in three separate locations, respectively in California, Tennessee, and Florida. From January 1, 2025, through December 31, 2025, the Company leased three office spaces for approximately \$3,216 on average every month, while maintaining a virtual address first at the Regus in downtown Fort Lauderdale, Florida, for \$100 a month, and then from August 1" 2025, in Nashville, TN. On July 31 2025, the Company left its office space at Metro 417, in Los Angeles, CA. Management has reviewed ASC 842 Lease Accounting and does not believe that it applies to the Company because its leases are either on a month-to-month basis, or they will expire in the next few months (the space at Regus in Los Angeles, CA, and the virtual address in Nashville, TN will expire at the end of June 2026. Total rent expense for the year ended December 31, 2025, was \$38,592. At December 31, 2025, future minimum lease payments under these agreements were as follows: For the Year Ending December 31, 2026: \$3066. The Company was not subject to any litigation during or at the year ended December 3 1, 2025. Note 7 -- Unearned Revenues As of December 31, 2025, the Company recorded deferred revenues for a total of \$175,055 as related to six clients. The Company anticipates that such revenues will be recognized in full during fiscal year 2026. #### **Note 8-SBA Loan** On June 26, 2020, the Company took a 30-year SBA loan in the net aggregate amount of \$107,000 for an interest rate of3.75%. In January 2021, the amount was subsequently increased by \$93,000 for a total of \$200,000. Payments are made in monthly installments of \$1,000, which include both principal and interest. As of December 31, 2025, the balance of the SBA loan was \$183,940. {11}------------------------------------------------ #### Note 9- Subsequent Events The management has reviewed the results of operations for the period from its year-end December 31, 2025, through January 21, 2026, the date the financial statements were available to be issued, and has determined that no adjustments are necessary to the amounts reported in the accompanying financial statements, nor have any subsequent events occurred, the nature of which would require disclosure. **Note 10 - Related Party** The Company's shareholders owed \$97,500 on December 31, 2025. #### **Note 11-Segment Reporting** The Company is engaged in a single line of business as a securities broker dealer and investment advisor, which is comprised of several classes of services, including proprietary trading and transactions, investment banking, and investment advisory. The Company has identified its chief operating officer (CEO), 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 pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information from the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. {12}------------------------------------------------ # **Bardi Co., LLC Schedule** I -- **Computation of Net Capital Requirement December 31, 2025** #### Computation ofNet\_Capital Under Rule5e3-1 of the\_Securities and Ehange Commission; | Total Members' Equity from Financial Condition | s | 362,979 | | |-------------------------------------------------------------------|---|----------|--| | Deduction and Charges: | | | | | Non-allowable other assets | | (13,252 | | | Net Capital Before Haircut Charges | | 249,727 | | | Haircut on Investments | | (28,319) | | | Net Capital | | 221,407 | | | Aggregate Indebtedness: | | | | | Total Aggregate Indebtedness (AI) | | 381,429 | | | Computation of Basic Net Capital Requirement: | | | | | Net Capital | | 221,407 | | | Minimum Net Capital Required 6-2/3 of AI | | 25,428 | | | Minimum Dollar Net Capital Requirement of Reporting Broker-Dealer | | 100,000 | | | Excess Net Capital | | 121,407 | | | Excess Net Capital at Net Capital Less 120% of \$100,000 | s | 101,407 | | | Ratio: Aggregate Indebtedness to Net Capital | | 1.72 | | | Reconciliation with_the Company's Computation; | | | | | Members' Equity as Reported in the Company's Part IL | | | | | Focus Report (Unaudited) | s | 362,979 | | | | | | | {13}------------------------------------------------ ### **Bardi Co., LLC Schedule** II -- **Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3 December 31, 2025** The Company has no reserve deposit obligations under SEC 15c3-3(e) because **it** is a "noncovered" firm pursuant to Footnote 74 to SEC Release 34-70073 and therefore it is not subject to the Rule. {14}------------------------------------------------ # **Bardi Co., LLC Schedule** III - **Information Relating to Possession or Control Requirements under Rule 15c3-3 December 31, 2025** The Company has no possession or control obligations under I5c3-3(b) because it is a "noncovered" firm pursuant to Footnote 74 to SEC Release 34-70073 and therefore it is not subject to the Rule. {15}------------------------------------------------ **BRIAN W. ANSON** *Certified Public Accountant* 18455 Burbank Blvd., Suite 406, Tarzana, CA 91356 • Tel. **(818)** 636-5660 • #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** Board of Members' Bardi Co. LLC Los Angeles, California I have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 Exemption Report in which Bardi Co., LLC, stated that Bardi Co., LLC's, business activities are limited to private placement of securities and mergers and acquisitions advisory services, and investment advisory services, and that it has not held customer funds or securities and that Bardi Co., LLC is classified as "non-covered" pursuant to footnote 74 to SEC Release 34-70073, dated July 30, 2013, and as discussed in Q & A 8 of the related FAQ issued by SEC state on July I, 2020. Bardi Co., LLC also stated that it had maintained compliance with the above declaration throughout the most recent year ended December 31, 2025, without exception. Bardi Co., LLC's management is responsible for compliance and is not subject to the provisions set forth in Rule 15c3-3 under the Securities and Exchange Act of 1934 and its statements. My 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 Bardi Co., LLC's declaration concerning the provisions set forth in Rule 15c3-3 under the Securities Exchange Act of 1934. 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, I do not express such an opinion. Based on my review, I am 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 on the provisions set forth in Footnote 74 to SEC Release 34-70073. rian W. Anson Certified Public Accountant Tarzana, California January 21, 2026 {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) January 21, 2026 I, as member of the management ofBardi Co. LLC (the "Company") am responsible for the compliance with the annual reporting requirement under Rule 17a-5 of the Securities Exchange Act of 1934. Those requirements compel a broker or a dealer to file annual reports with the SEC and the broker's or dealer's designed examining authority. One of the reports to be included in the annual filing is an exemption report prepared by an independent registered public accounting firm, based upon a review of the assertions provided by the broker or dealer. Pursuant to that requirement, the management of the company hereby makes the following assertions: The Company is non covered firm pursuant to Footnote 74 to SEC Release 34-70073 and is therefore no subject to the SEA Rule 15c3-3 for the most recent year ended December 31, 2025. The Company represents that it has not held customer funds or securities, did not carry accounts of or for customers. The Company has maintained compliance with the above throughout the year ended December 31, 2025, without exception. As such, under its membership agreement with FINRA and pursuant to Rule 15c3-3, the Company conducts business on a fully disclosed basis and does not execute or clear securities transactions for customers. The Company's business activities include mergers and acquisitions advisory services, private placements of securities, and investment advisory services. Sincerely, Chris Manfre CEO and FinOp 6 5 **Seet, Hor 26 Los Angeles.** *CA* **90071 P 121.977.9960 E877.774-126 info@ bardico com** Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.