# JAMIESON CORPORATE FINANCE US LLC X-17A-5 (2026-06-22) — Broker-dealer annual report
- Company: JAMIESON CORPORATE FINANCE US LLC
- Form: X-17A-5
- Filed: 2026-06-22
- Period: 2026-03-31
- Accession: 0001595342-26-000003
- CIK: 1595342
- File #: 8-69412
- Type: Broker-dealer
- Material weakness: No
- Auditor: YSL & Associates LLC
- Auditor location: New York, NY
- Contact: John Greenland
- Phone: 917-733-8137
- Signed by: John Greenland (CEO)
Original filing: https://www.sec.gov/Archives/edgar/data/1595342/000159534226000003/public.pdf
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## JAMIESON CORPORATE FINANCE US LLC FINANCIAL STATEMENT AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AS OF MARCH 31, 2026
### (IN US DOLLARS)
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# **JAMIESON CORPORATE FINANCE US LLC CONTENTS**
| Repo rt oflndependent Registered Public Accounting Firm 1 | |
|------------------------------------------------------------|--|
| Financial Statement: | |
| Statement of Financial Condition 2 | |
| Notes to Financial Statement 3-8 | |
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11 Broadway, Suite 700, New York, NY 10004 Tel: (212) 232-0122 Fax: (646) 218-4682
## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
To tbe Members of Jamieson Corporate Finance US LLC
#### **Opinion on the Financial Statement**
We bave audited tbe accompanying statement of financial condition of Jamieson Corporate Finance US LLC (tbe "Company") as of Marcb 31, 2026, and tbe related notes ( collectively refe1Ted to as the "financial statement"). In our opinion, tbe financial statement presents fairly, in ali material respects, tbe financial position of tbe Company as of Marcb 31, 2026, in conf01mity witb accounting principles generally accepted in tbe United States of Amelica.
#### **Basis for Opinion**
This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on tbe Company's financial statement based on our audit. We are a public accounting fum registered with tbe Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to tbe Company in accordance with the U.S. federa! secmities laws and the applicable mles and regulations of tbe Securities and Excbange Commission and the PCAOB.
We conducted our audit in accordance witb tbe standards of tbe PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about wbether the fi.nancial statement is free of mate1ial lnisstatement, wbetber due to en or or fraud. Our audit included performing procedures to assess tbe 1isks of material lnisstatement of the financial statement, wbether due to en or or fraud, and perfo1ming procedures tbat respond to tbose 1isks. Sucb 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 tbe overall presentation of tbe financial statements. We believe tbat our audit provides a reasonable basis for our opinion.
We bave se1ved as Jamieson Corporate Finance US LLC's auditor since 2021.
New York, NY
June 19, 2026
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### **JAMIESON CORPORATE FINANCE US LLC**
### **STATEMENT OF FINANCIAL CONDITION**
#### **MARCH 31, 2026**
#### **(IN US DOLLARS)**
### **ASSETS**
| Cash | \$
4,349,583 |
|-------------------------------------------|-----------------|
| Accounts receivable | 427,308 |
| Dne from af:filiate | 13,389 |
| P:repaid expenses | 29,739 |
| Operating lease right-of-nse asset | 834,070 |
| Fnrniture and equipment at cost, | |
| less accumulated depreciation of \$39,177 | 35,283 |
| Security deposits | 145,788 |
| Total assets | \$
5,835,160 |
| LIABILITIES AND MEMBERS' EQUITY | |
| Liabilities: | |
| Accounts payable and accrued expenses | \$
1,301,163 |
| Dne to affiliate | 121,753 |
| Operating lease liability | 894,888 |
| Total liabilities | 2,317,804 |
| Members' equity | 3,517,356 |
| Total liabilities and members' equity | \$
5,835,160 |
The accompanying notes are an integral pa1t of this statement of financial condition.
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## **1. ORGANIZATION AND NATURE OF BUSINESS**
Jamieson C01porate Finance US LLC (the "Company") was organized as a limited liability company in State of Delaware in 2013. The Company was granted membership in the Financial Industly Regulat01y Authority ("FINRA") on June 22, 2015. It isa registered broker-dealer with the Securities and Exchange Commission ("SEC"), and is a member of the Secmities Investor Protection C01poration ("SIPC").
The Company provides strategic financial advis01y, mergers and acquisitions, entity valuation services, and assistance in finding strategic partners for both private and public entities. The Company does not hold accounts or process transactions for customers. The Company also advises management teams through financial sponsor backed buyouts including assisting with the negotiation oftheir incentive plans. Investors usually consist of institutional investors, pension plans and other legal entities meeting the regulatory definition of qualified or accredited investors.
### Recent Issued Accounting Pronouncements
The Company does not believe that the adoption of any recently issued, but not yet effective, accounting standards will bave a material effect on its financial position and results of operations.
## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
## Basis of Presentation
The accompanying financial statement has been prepared in conformity with U.S. generally accepted accounting princip les ("GAAP") and the rnles and regulations of the United States Secmities and Exchange Commission (the "SEC"). It is management's opinion that aU material adjustments (consisting of nom1al recuning adjustments) have been made which are necessary for a fair financial statement presentation.
## Cash and cash equivalents
The Company considers all highly liquid investments with a maturity of three months or less when pmchased to be cash equivalents. Cash equivalents are canied at cost, which approximates the fair market value.
### Accounting basis
The Company uses the accmal basis of accounting for financial statement repo1iing. Accordingly, revenues are recognized when services are rendered and expenses are recognized when incuned.
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## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**
# Use ofEstimates
The preparation of financial statement in confonnity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the repo1ted amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statement. Actual results could differ from those estimates.
### fucome Taxes
The Company is a limited liability company, taxed as a pa1tnership for federal and state income tax purposes, and, thus, no federal or state income tax expense has been recorded in the financial statements. Taxable income of the Company is passed through to the members and repo1ted on their individua! tax retums. The Company is subject to the New York City Unincorporated Business Tax ("UBT"). The Company became a single member LLC effective Aplil 1, 2026.
Pursuant to accounting guidance conceming provision for unce1tain income tax provisions contained in Accounting Standards Codification ("ASC") 7 40-1 O, there are no uncertain income tax positions.
## Revenue Recognition
The Company recognizes revenue to depict the transfer of promised services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those services. The guidance requires an entity to follow a five-step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, ( c) detennine the transaction price, ( d) allocate the transaction price to the performance obligations in the contract, (e) recognize revenue when (or as) the entity satisfies a perfo1mance obligation. hl dete1mining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the unce1tainty associated with the variable consideration is resolved.
The Company typically enters into contracts with clients calling for adviso1y service fee, which includes advisory fees and success fees. The Company recognizes advisory fees over time as the related services are provided by the Company. The Company recognizes success fees at the date the performance obligation is satisfied which is at the completion of the transaction.
## Significant Judgn1ents
The recognition and measurement of revenue are based on the assessment of individua! contract terms. Significant judgment is required to determine whether perfonnance 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 ofthe Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future events.
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### **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**
## Fair Valnes of Financial Instrnments
Financial Accounting Standards Board Acconnting Standards Codification ("ASC") 825, "Financial lnstrnments," reqnires the Company to disclose estimated fair valnes for its financial instrnments. Fair valne estimates, methods, and assnmptions are set forth below for the Company's financial instnnnents: The canying amount of cash, accounts receivable, prepaid expenses and acconnts payable and accmed expenses, approximate fair valne becanse of the shmt maturity of those instmments.
#### Accounts Receivable
Accounts receivable is recorded at the amonnt the Company expects to collect on balances ontstanding at year-end. The detennination of the amounts of uncollectible acconnts is based on the length of time each receivable bas been ontstanding, and a reasonable assessment of the capacity of the debtor to pay the receivable. The allowance for nncollectible amonnts reflects the amount of loss that can be reasonably estimated by management and is inclnded as pa1t of operating expenses in the accompanying statement of operations. As of April 1, 2025, and March 31, 2026, the Company's accounts receivable were \$713,588 and \$427,308 respectively.
#### Cont:ract Balances
Contract assets arise when the revenne associated with the contract is recognized prior to the Company's nnconditional right to receive payment nnder a contract with a cnstomer and are derecognized when either it becomes a receivable or the cash is received. Contract liabilities arise when cnstomers remit contractual cash payments in advance of the Company satisfying its perfo1mance obligation nnder the contract and are derecognized when the revenne associated with the contract is recognized when the perfo1mance obligation is satisfied. The Company did not bave any contract assets or liabilities at April 1, 2025. The Company had no contract assets and contract liabilities at March 31, 2026.
### Foreign CmTency Transactions
The Company's functional cnnency and its repo1ting cnnency is the United States dollar. Transactions denominated in any cnnency other than the functional cmTency are converted into United States dollars nsing the exchange rate in effect at the date of the transaction or the average rate for the period in the case of revenne and expense transactions. Monetary assets and liabilities are revalned into the repmting cnnency at each balance sheet date nsing the exchange rate in effect at the balance sheet date, with any resnlting exchange gains or losses being inclnded in the accompanying statement of income. Non-moneta1y assets and liabilities are recorded in the repo1ting cnnency nsing the historical exchange rate.
The Company does not engage in hedging activities to offset the risk of exchange rate flnctuations on financial transactions denolninated ina foreign cnnency.
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## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**
# Concentrations of Credit Risk
The Company places its cash with high-credit-quality financial institutions. The Company's accounts at these institutions are insured by the Federal Deposit fusurance Corporation ("FDIC") up to \$250,000. At times during the year, cash balances may exceed federally insured limits. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institution in which it holds deposits.
## Fixed Assets
Acquisitions of fumiture and equipment are recorded at cost. Improvements and replacements of fumiture and equipment are capitalized. Maintenance and repairs that do not improve or extend the lives of fumiture and equipment are charged to expense as incmTed. When assets are sold or retired, their cost and related accumulated depreciation are removed from the accounts and any gain or loss is repo1ted in the statement of income and members' equity. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method over the following useful lives:
| Computer and office equipment | 3 years |
|-------------------------------|---------|
| Fumiture and fixtures | 7 years |
The Company had no impanment charges as ofMarch 31, 2026.
## Segment Repmting
The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of providing corporate financial adviso1y services related to mergers and acquisitions, debt financing, equity financing, derivative strategies and leveraged buy-outs. The Company's chief operating decision maker ("CODM") is the Managing Member, 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 into the entity. The Company's operations constitute a single operating segment and therefore, a single repmtable segment, because the CODM manages the business activities using inforrnation of 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 summa1y of significant accounting policies.
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## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**
## Allowance for Credit Losses
The Company follows ASC Topic 326, Financial Instrnments- Credit Losses ("ASC 326"). The Company identified no accounts receivable impacted by the guidance. An allowance for credit losses may be based on the Company's expectation of the collectability of its receivables utilizing the CECL framework. The Company considers factors such as historical experience, credit quality, age of balances and cmTent and future economic conditions that may affect the Company's expectation of the collectability in dete1mining the allowance for credit losses. The Company's expectation is that the credit risk associated with its receivables is not significant. Accordingly, the Company has not provided an allowance for credit losses at March 31, 2026.
# **3. NET CAPITAL**
The Company is subject to the SEC Unifo1m Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net capital of \$5,000, and requires that the ratio of aggregate indebtedness to net capital, both as defined, not exceed 15 to 1. The rnle also provides that equity capital may not be withdrawn, cash dividends paid or the Company's operations expanded, if the resulting net capital ratio would exceed 10 to 1. At March 31 , 2026, the Company had net capital of \$2,865,849 which was \$2,766,933 in excess ofthe FINRA minimum net capital requirement of \$98,916.
## **4. CONCENTRATION**
For the year ended March 31, 2026, four clients accounted for 85% of the Company's accounts receivable.
# **S. RELATED PARTY TRANSACTIONS**
The Company has an Expense Sharing Agreement (the "Agreement") in place with its parent for se1vices that are shared and paid by the Parent. These expenses are allocated to the Company in accordance with the Agreement and the appo1tionment is based on reasonable allocation agreed by the pa1ties. As of the year ended March 31, 2026, the balance due to the parent was \$121,753. The Company also paid \$13,389 of tax compliance expenses on behalf of the U. S. parent company. Such amounts remain outstanding as of March 31, 2026.
## **6. RETIREMENT SA VING PLAN**
The Company maintains a 401(k) retirement saving plan for all eligible employees. The plan allows for sala1y defenal anangements under the provisions of Section 401(k) of the Interna! Revenue Code. The Company's contributions into the retirement plan were defined by the Interna! Revenue Code's Safe Harbor rnles. Under these rnles, the Company contributes a safe harbor Matching Contribution to each member's account.
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# 7. **COMMITMENTS AND CONTINGENCIES**
Leases
The Company detennines if an an angement is a lease at inception. The Company's leases as a lessee were determined to be operating leases and are included in the Company's statement of financial condition. 1n connection with F ASB 842 regarding leases, the Company records a right of use ("ROU") asset, which is offset by a conesponding liability.
The Company recognizes the lease liability and a ROU asset on its balance sheet by recognizing the lease liability based on the present value of its future lease payments. The Company uses an incremental borrnwing rate of 7% based on what it would approximately have to pay on a collateralized basis to borTow an amount equal to the lease payments under similar terms and in a similar economic environment. The Company recognizes lease costs on a straight-line basis over the lease tenn.
On March 2, 2022 the Company signed 5-year and 6-month lease for new office space which rnns until October 31, 2027. On Janua1y 22, 2025 the Company signed an extended term agreement amending the ori ginal lease. The term of the lease commences on November 1, 2027 and ends December 31, 2029. The future minimum lease payments are as follows:
| Year Ending | |
|--------------------------------------|------------------|
| March 31, | Operating Leases |
| 2027 | 279,249 |
| 2028 | 275,586 |
| 2029 | 264,825 |
| 2030 | 198,619 |
| Total undiscounted lease
payments | \$1,018,279 |
| Less: imputed interest | (123,391) |
| Present value of | |
| Lease liabilities | \$ 894,888 |
The Company's office space lease requires it to make variable payments for the Company's proportionate share of operating expenses (i.e., building's property taxes, insurance, and common area maintenance). These variable lease payments are not included in lease payments used to determine lease liability and are thus recognized as variable costs when incuned.
## **8. SUBSEQUENT EVENTS**
The Company evaluated events occuning between the end of its fiscal year, March 31 , 2026, through the date when the financial statement was issued and has noted no additional events that require disclosure or adjustment to this financial statement herein, except as already disclosed in the accompanying notes.
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.