# COMMONGOOD SECURITIES LLC X-17A-5 (2026-02-23) — Broker-dealer annual report - Company: COMMONGOOD SECURITIES LLC - Form: X-17A-5 - Filed: 2026-02-23 - Period: 2025-12-31 - Accession: 0001711974-26-000001 - CIK: 1711974 - File #: 8-69989 - Type: Broker-dealer - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Jeff Shafer - Phone: 4076250444 - Email: jeff@commongoodcap.com - Website: commongoodcap.com - Signed by: Jeff Shafer (CEO, CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1711974/000171197426000001/1cgsfull.pdf --- {0}------------------------------------------------ ![](_page_0_Picture_0.jpeg) ORLANDO, FLORIDA FINANCIAL STATEMENTS, FORM X-17A-5, PART III, SUPPLEMENTAL INFORMATION, AND REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM DECEMBER 31, 202 {1}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: ϯϮϯϱͲϬϭϮϯ Expires: KĐƚ͘ϯϭ͕ϮϬϮϯ Estimated average burden hours per response: # **ANNUAL REPORTS FORM X-17A-5 PART III** SEC FILE NUMBER 8-69989 | | FACING PAGE | | | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|---------------------------------------|--------------------------------------------|--| | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | FILING FOR THE PERIOD BEGINNING _____________________ AND ENDING ______________________ | 01/01/2025 | | 12/31/2025 | | | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: _______________________________________________________________________ | CommonGood Securities, LLC | | | | | TYPE OF REGISTRANT (check all applicable boxes):
܆
܆
Broker-dealer
■
܆ 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.) | | | | | | 181 W Stovin Ave
_____________________________________________________________________________________ | | | | | | | (No. and Street) | | | | | Winter Park
_____________________________________________________________________________________ | FL | | 32789 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Jeff Shafer
_____________________________________________________________________________________ | 407-476-5453 | | jeff@commongoodcap.com | | | (Name) | (Area Code – Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Rubio CPA, PC
_____________________________________________________________________________________ | | | | | | | (Name – if individual, state last, first, and middle name) | | | | | 3500 Lenox Road NE Suite 1500
_____________________________________________________________________________________ | Atlanta | GA | 30326 | | | (Address)
_____________________________________________________________________________________ | (City) | (State)
3514 | (Zip Code) | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | FOR OFFICIAL USE ONLY | | | | \* Claims for exemption from the requirement that the annual reports 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)(1)(ii), if applicable. **Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.** {2}------------------------------------------------ - - - - - - - - - - - - - - - - - - - - - - - - - {3}------------------------------------------------ #### **-** \$(=B0+1(&;D"40\$\$\$9D7B7B? 4Pjm>mGM8) @`zP gHjzH - #### **-** Cm{^Q6QiKQtmR %miimk.mmNAQLta{aQy55% #### :pakamkmk{^Q,akIkLaIdA{I{QiQk{y FQ^IQINa{QN{^QILLmiqIkak]y{I{QiQk{mRYkIkLaIdLmkNa{amkmR%miimk/mmNAQLta{aQy55%{^Q%miqIk-Iy mR'QLQiKQt{^QtQdI{QNy{I{QiQk{ymRmqQtI{amkyL^Ik]QyakiQiKQtyQsa{IkNLIy^ShmySot{^QQIt{^Qk QkNQNIkN{^QtQdI{QNkm{QyLmddQL{aQdtQXttQN{mIy{^QYkIkLaIdy{I{QiQk{y- 3kmtmqakamk{^QYkIkLaIdy{I{QiQk{y qtQyQk{WatdakIddiI{QtaIdtQyqQL{y{^QYkIkLaIdqmya{amkmR{^Q%miqIkIymR'QLQiKQt2IkN{^QtQyd{ymRa{y mqQtI{amkyIkNa{yLIy^Shmy[t{^QQIt{^QkQkNQNakLmk[tia{a{^ILLmk{ak]qtakLaqdQy]QkQtIddILLQq{QNak{^Q Eka{QNA{I{QymR!iQtaLI #### #Iyay[t:pakamk C^QyQYkIkLaIdy{I{QiQk{yItQ{^QtQyqmkyaKada{mR{^Q%miqIkyiIkI]QiQk{ :ttQyqmkyaKada{ay{mQqtQyyIkmqakamk mk{^Q%miqIkyYkIkLaIdy{I{QiQk{yKIyQNmkmtINa{ FQItQIqKdaLILLmk{ak]YtitQ]ay{QtQNa{^{\_QSchedule I: Computation of Net Capital pursuant to Rule 15c3-1 | 11 | | Schedule II: Computation for Determination of Reserve Requirements pursuant to Rule
15c3-3 | 12 | | Schedule III: Information Relating to Possession or Control Requirements pursuant to
Rule 15c3-3 | 13 | | Report of Independent Registered Public Accounting Firm on the Exemption Report | 14 | | Exemption Report Pursuant to Rule 17a-5 of Securities and Exchange Commission | 15 | {6}------------------------------------------------ # **COMMONGOOD SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION** AS OF DECEMBER 31, 2025 | ASSETS | | |-----------------------------------------------------------------|--------------| | Cash | \$
73,470 | | Accounts receivable, net of allowance for credit losses of \$28 | 1,815 | | Due from affiliate | 750 | | Prepaid expenses and other assets | 8,960 | | Total assets | \$
84,995 | | | | | LIABILITIES AND MEMBER'S EQUITY | | | Liabilities: | | | Accounts payable and accrued expenses | \$
14,925 | | Due to Member | 1,650 | | Total liabilities | \$
16,575 | | Member's equity | 68,420 | | Total liabilities and member's equity | \$
84,995 | The accompanying notes form an integral part of these financial statements. {7}------------------------------------------------ # **COMMONGOOD SECURITIES, LLC STATEMENT OF OPERATIONS** FOR THE YEAR ENDED DECEMBER 31, 2025 | Revenues: | | | | |------------------------------------|--------|----------|--| | Placement fees | \$ | 34,033 | | | Service fees | | 9,750 | | | Interest | | 2 | | | Total revenues | 43,785 | | | | | | | | | Expenses: | | | | | Advertising | | 30,026 | | | Compensation and benefits | | 16,850 | | | Technology and communication costs | | 10,586 | | | Other | | 51,930 | | | Total expenses | | 109,392 | | | Net loss | \$ | (65,607) | | The accompanying notes form an integral part of these financial statements. {8}------------------------------------------------ # **COMMONGOOD SECURITIES, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY** FOR THE YEAR ENDED DECEMBER 31, 2025 | Member's equity at beginning of year | \$ 74,027 | |--------------------------------------|-----------| | Contributions | 60,000 | | Net loss | (65,607) | | Member's equity at end of year | \$ 68,420 | The accompanying notes form an integral part of these financial statements. {9}------------------------------------------------ # **COMMONGOOD SECURITIES, LLC STATEMENT OF CASH FLOWS** FOR THE YEAR ENDED DECEMBER 31, 2025 ### **Operating activities:** | Net loss | \$ (65,607) | |-----------------------------------------------------------------------------|-------------| | Adjustments to reconcile net loss to net cash used by operating activities: | | | (Increase) decrease in operating assets: | | | Decrease in accounts receivable | 5,208 | | Decrease in due from affiliate | 6,488 | | Decrease in prepaid expenses and other assets | 8,226 | | Increase (decrease) in operating liabilities: | | | Increase in accounts payable and accrued expenses | 3,447 | | Increase in due to member | 1,591 | | Net cash used by operating activities | (40,647) | | Financing activities: | | | Contributions | 60,000 | | Net cash provided by financing activities | 60,000 | | Net increase in cash | 19,353 | | Cash - beginning of the year | 54,117 | | Cash - end of the year | \$ 73,470 | The accompanying notes form an integral part of these financial statements. {10}------------------------------------------------ #### Note 1 - Organization and Nature of Business CommonGood Securities, LLC (the "Company") commenced operations on February 12, 2018 and is a Florida limited liability company based in Winter Park, FL. The Company provides private placement and corporate finance advisory services to customers. The Company is registered with the Securities and Exchange Commission ("SEC") as a broker-dealer and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is 100% owned by CommonGood Capital, LLC (the "Member"). As the Company is a limited liability company, the Member's liability is limited to its investment. #### Note 2 - Summary of Significant Accounting Policies #### **Basis of Financial Statement Presentation** The financial statements are presented on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). #### **Use of Estimates** The preparation of financial statements in conformity with 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. #### **Advertising** Advertising costs are expensed as incurred. The Company incurred \$30,026 in advertising expenses for the year ended December 31, 2025. #### **Revenue Recognition** Revenue from contracts with customers includes placement and service fees from customers. 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; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. #### *Placement Fees* The Company enters into contracts with customers for various private placement offerings. The Company earns placement fees by soliciting for and referring qualified prospective investors to investment funds. The Company may receive placement fees upfront and/or over time. The Company believes its performance obligation is the solicitation and referral of investors which is fulfilled when the investor purchases an interest in a fund (trade date). Any fixed amounts are recognized on the trade {11}------------------------------------------------ #### Note 2 -Summary of Significant Accounting Policies (Continued) date. Variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, since the uncertainty is dependent on the value of the investment at future points in time and / or the length of time an investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome this constraint until the value of the investment and / or the investors' activities are known, which are usually quarterly or annually. Approximately \$20,532 of placement fees recognized during the year ended December 31, 2025 are related to performance obligations that were satisfied in prior periods. #### *Service Fees* The Company has a services agreement with a related fund manager (see Note 3) through which the Company primarily provides administrative and operational support to the related fund manager. The Company recognizes such service fees over time as the related performance obligations are simultaneously provided to and consumed by the related fund manager. ### **Cash** The Company maintains its bank accounts in a high credit quality financial institution. The balances at times may exceed federally insured limits. The Company has not experienced any losses in such accounts and does not believe it is exposed to any significant credit risk on cash. ### **Accounts Receivable** Accounts receivable are non-interest-bearing uncollateralized obligations receivable in accordance with the terms agreed upon with each customer. The carrying amount of accounts receivable is reduced by an allowance for credit losses, as necessary, to reflect management's best estimate of the amounts that will not be collected. The Company considers factors such as historical experience, credit quality, age of balances and current and future economic conditions that may affect the Company's expectation of the collectability in determining the allowance for credit losses. Based on the Company's review, an allowance for credit losses has been established in the amount of \$28 at December 31, 2025. ### **Income Taxes** As a limited liability company, the tax consequences of the Company's operations all pass through to the Member. Accordingly, the Company's financial statements do not include a provision for income taxes. The Company has adopted the provisions of FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Under this provision, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the {12}------------------------------------------------ #### Note 2 – Summary of Significant Accounting Policies (Continued) respective position. A tax position includes an entity's status, including its status as a pass-through entity, and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that no provision or liability for income taxes is necessary. #### **Subsequent Events** The Company has evaluated events and transactions that occurred between December 31, 2025 and the date the financial statements were issued. ### Note 3 – Related Party Transactions The Company has an Expense Sharing Agreement (ESA) in place with its Member. Under the terms of the ESA, the Company pays its Member monthly fees for personnel services. Allocated expenses to the Company under the ESA amounted to approximately \$16,850 for the year ended December 31, 2025. The balance due to Member on the accompanying statement of financial condition arose from the ESA. Separately, the Company at times pays for operating expenses on behalf of its Member for which it subsequently seeks reimbursement. There was no balance due from the Member at December 31, 2025, as the result of such payments by the Company. The Company has agreements in place with Fortis Green Renewables Investment Management I, LLC, who acts as a manager of Fortis Green Renewables Green Fund I, which primarily invests in small-scale renewable energy projects in Sub-Saharan Africa. The Company's Member holds a 20% equity interest in Fortis Green Renewables Investment Management I, LLC. The Company receives monthly service fees as well as reimbursement of any expenses incurred in connection with services performed by the Company pursuant to the agreements. The service fees recognized by the Company pursuant to these agreements during the year ended December 31, 2025, were \$9,750 and have been included within services fees revenues within the accompanying statement of operations. The balance due from affiliate on the accompanying statement of financial condition arose from these agreements. The Company operates from premises provided by its Chief Executive Officer at no cost to the Company. Financial position and results of operations could differ from the amounts in the accompanying financial statements if these related party transactions did not exist. {13}------------------------------------------------ #### Note 4 -Net Capital Requirements The Company is subject to the SEC's Net Capital Rule (Rule 15c3-1), which requires that the Company maintain "Net Capital" equal to the greater of \$5,000 or 6-2/3% of Aggregate Indebtedness, both as defined, and requires that the ratio of aggregate indebtedness to net capital shall not exceed 15 to 1. At December 31, 2025, the Company's Net Capital was \$56,895 which was \$51,895 in excess of its required minimum of \$5,000. At December 31, 2025, the Company's ratio of aggregate indebtedness to net capital was 0.29 to 1. #### Note 5 – Contingencies The Company is subject to ligation in the normal course of business. The Company has no litigation in progress at December 31, 2025. #### Note 6 – Concentrations During 2025, the Company had four customers that accounted for all of placement fees and services fees revenue. All of accounts receivable at December 31, 2025 is due from one customer. #### Note 7 - Segment Reporting The Company has one reportable segment: providing private placement services. The Company has identified its Chief Executive Officer as the chief operating decision maker ("CODM"), who uses net income or loss to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 4), 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 distributions. The Company's operations constitutes a single operating segment and therefore, a single reportable segment, because the CODM manages the 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 as those described in the summary of significant accounting policies. ### Note 8 – Net Loss The Company has incurred a loss during the year ended December 31, 2025. The Company's Member has represented that it intends to make capital contributions, as needed, to ensure the Company's survival through at least one year subsequent to the date of the report of the independent registered public accounting firm. Management expects the Company to continue as a going concern and the accompanying financial statements have been prepared on a going concern basis without adjustments for realization in the event that the Company ceases to continue as a going concern. {14}------------------------------------------------ # **COMMONGOOD SECURITIES, LLC Schedule I Computation of Net Capital Pursuant to S.E.C. Rule 15c3-1** December 31, 2025 | Net Capital | | |--------------------------------------------------------|-----------| | Total member's equity | \$ 68,420 | | Non-Allowable Assets | (11,525) | | Net Capital before haircuts | 56,895 | | Less haircuts | - | | Net Capital | 56,895 | | Net Capital Requirements | | | Greater of \$5,000 or 6 2/3% of Aggregate Indebtedness | 5,000 | | Excess Net Capital | \$ 51,895 | | | | | Aggregate Indebtedness | 16,575 | | Percentage of aggregate indebtedness to net capital | 29.13% | Reconciliation with Company's computation of net capital included in Part IIA of Form X-17A-5, as amended, as of December 31, 2025. There is no significant difference between net capital reported in Part IIA of Form X-17A-5 as of December 31, 2025, as amended, and net capital as reported above. {15}------------------------------------------------ # **SCHEDULE II COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENT UNDER RULE 15c3-3** ## **DECEMBER 31, 2025** The Company does not claim an exemption from Rule 15c3-3, in reliance on 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 staff on April 4, 2014. The Company does not hold customer funds or securities. {16}------------------------------------------------ # **SCHEDULE III INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3** ## **DECEMBER 31, 2025** The Company does not claim an exemption from Rule 15c3-3, in reliance on 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 staff on April 4, 2014. The Company does not hold customer funds or securities. {17}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{18}------------------------------------------------ CommonGood Securities 275 E. Webster Avenue Winter Park, FL, 32789 888-736-4485 info@commongoodcap.com ![](_page_18_Picture_1.jpeg) February 2, 2026 # **Exemption Report Pursuant to Rule 17A-5 of the Securities and Exchange Commission** CommonGood Securities, LLC is a registered broker-dealer subject 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: > (1) The Company does not claim 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 private placements of securities on a best-efforts basis, and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (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 ended December 31, 2025 without exception. I, Jeff Shafer, affirm that, to my best knowledge and belief, this Exemption Report is true and correct. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Signature Name: Jeffrey Shafer Title: CEO Company: CommonGood Securities, LLC Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.