# TIGERBRIDGE CAPITAL LLC X-17A-5 (2025-01-02) — Broker-dealer annual report - Company: TIGERBRIDGE CAPITAL LLC - Form: X-17A-5 - Filed: 2025-01-02 - Period: 2024-09-30 - Accession: 0001733080-25-000001 - CIK: 1733080 - File #: 8-70086 - Type: Broker-dealer - Material weakness: No - Auditor: Jennifer Wray CPA, PLLC - Auditor location: Sugar Land, TX - Contact: Justin Gardinier - Phone: 917-714-0452 - Email: jsg@tigerbridge.capital - Website: tigerbridge.capital - Signed by: Justin Gardinier (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1733080/000173308025000001/TigerBridgePublic24.pdf --- {0}------------------------------------------------ # **STATEMENT OF FINANCIAL CONDITION AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** **Year Ended September 30, 2024** {1}------------------------------------------------ UNITED STATES S URITIES /\ND EXCHANGE COMMISSION Washington, D. . 20549 # **ANNUAL R PORTS FORM X-17A-5 PART Ill** | """ A A•• RflVAl | | |-------------------------|--| | OMR Numb•r: 37 lS 01J l | | | lxpires; Nov JO, lOl& | | | Estimated •~rage burden | | | hours per ,espon-se: 12 | | | SFC Fil F NIJMRFR | | | 8-70086 | | | | FACING PAGE | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|-----------------------------------------|-----------------|--| | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | | 10/01/23 | 09/30/24 | | | | FILING FOR THE PERIOD BEGINNING _______ | _
MM/DD/YY | AND ENDING ________ | _
MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | Tiger Bridge Capital LLC
NAME OF FIRM:
---------------- | | ---------------- | | | | TYPE OF REGISTRANT (check all applicable boxes):
~ Broker-dealer
D Check here if respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | D Security-based swap dealer | 0 Major security-based swap participant | | | | 187 Wolf Road, Suite 300 | | | | | | | ( No. and Street) | | | | | Albany | NY | | 12205 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Justin Gardinier | 917-714-0452 | jsg@tigerbridge.capital | | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Jennifer Wray CPA PLLC | | | | | | | (Name - if individual, stale la,t, first, and middle name) | | | | | 800 Bonaventure Way, Suite 168 | Sugar Land | TX | 77479 | | | (Address)
11/30/2016 | (C,ty) | {Stale)
6328 | {Zip Code) | | | T"
of "''"'""o" wiaccountant mu5t be supported by a 5tatcmcnt of focts and circumstances relied on as thc basis of the exemption. Sec l 7 | | | | | CFR 240.17a-5{e)(l)(ii), rf 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 valld 0MB control number. {2}------------------------------------------------ #### OATH OR AFFIRMATION | I, Justin Gardinier | | swear (or affirm) that, lo the best of my knowledge and belief, the | | |------------------------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--| | inancial | | ertaining to the firm of noerBndge Capital LLC
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eptembet 3 | 2~ | is true and correct. I further swe.ir (or affirm) th.it neither the company nor any | | | as that of a customer. | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely
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No. 01AL6307204
GEO | | #### This filing\*\* contains {check all applicable boxes): - i!!!i (a) Statement of financial condition. - iii (b) Notes to consolidated statement of financial condition. - D (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§ 210.1-02 of Regulation S-X). Qualified in AlbO1~£l My Commission Exp.' •~ ~ - D (d) Statement of cash flows. - D (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. - D (h) Computation of net capital under 17 CFR 240.15c3-1 or 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 8 to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (1) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3{p)(2) or 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report wilh computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.lSa-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences **exist.** - n (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - iii (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-S 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. - iii (t) Independent public accountant's report based on an examination of the statement of financial condition. - D (u) Independent publlc accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-S, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as appllcable. - n (v) 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. - D (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, In accordance with 17 CFR 240.1Sc3-le 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.l 7a-12(k). - D (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ ,.To request confidential treatment of certain portions of this filing, see 17 CFR 2./0.17a-5(e)(3) or 17 CFR 240.18a-7(d){2), as opp/Jcable. {3}------------------------------------------------ # **TABLE OF CONTENTS** | | Page No. | |---------------------------------------------------------|-------------| | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | | FINANCIAL STATEMENT | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3
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6 | {4}------------------------------------------------ #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To Member of TigerBridge Capital LLC, #### **Opinion on the Financial Statements** We have audited the accompanying statement of the financial condition of TigerBridge Capital LLC as of September 30, 2024, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of TigerBridge Capital LLC as of September 30, 2024, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of TigerBridge Capital LLC's management. Our responsibility is to express an opinion on TigerBridge Capital LLC's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to TigerBridge Capital 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. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, 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. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. Jennifer Wray CPA PLLC ~ We have served as TigerBridge Capital LLC's auditor since 2020. Sugar Land, Texas January 2, 2025 {5}------------------------------------------------ # **STATEMENT OF FINANCIAL CONDITION September 30, 2024** ## **ASSETS** | Cash | \$ | 22,653 | |---------------------------------------|----|--------| | Other assets | | 2,431 | | | \$ | 25,084 | | LIABILITIES AND MEMBER'S EQUITY | | | | Accounts payable and accrued expenses | \$ | 7,914 | | Member's equity | | 17,170 | | | \$ | 25,084 | {6}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENT September 30, 2024** ## Note 1 **Organization and nature of business** TigerBridge Capital LLC (the "Company") was formed on June 14, 2015 and is a Delaware limited liability company. The Company is a wholly-owned subsidiary of TigerBridge Holdings LLC (the "Parent"). The Company provides placement agent and referral services for capital raising, in accordance with its membership agreement with the Financial Industry Regulatory Authority ("FINRA"). The Company is a registered broker under the Securities Exchange Act of 1934 as of September 28, 2018 and is a member of FINRA and the Securities Investor Protection Corporation ("SIPC"). ## Note 2 **Summary of significant accounting policies** ## **Basis of presentation** The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). ## **Accounts receivable** The Company carries its accounts receivable at costs less an allowance for doubtful accounts. On a periodic basis, the Company evaluates its receivables and establishes an allowance for doubtful accounts based on history of past write-offs, collections and current credit conditions. As of September 30, 2024, there was \$91,875 reserved in allowance for doubtful accounts. ## **Income taxes** The member of the Company has elected to have the Company taxed as a partnership for income tax purposes. Accordingly, the Company is not subject to federal or state income taxes. All taxable income/loss and tax credits are reflected on the income tax return of the member. In previous years the Company was subject to New York City Unincorporated Business Tax and recorded a provision for unincorporated business taxes for the portion of the income tax attributable to the Company's income which is reported in the Parent's tax returns. The Company moved its operations to Albany New York and is not longer subject to the New York City Unincorporated Business Tax. ## **Cash and cash equivalents** The Company considers all money market accounts, time deposits and certificates of deposit purchased with original maturities of three months or less to be cash equivalents. At September 30, 2024, there were no cash equivalents. ## **Estimates** The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. {7}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENT September 30, 2024** ## Note 2 **Summary of significant accounting policies (continued)** ## **Income tax positions** The Financial Accounting Standards Board ("FASB") has issued a standard that clarifies the accounting and recognition of income tax positions taken or expected to be taken in the Company's income tax returns. The Company has analyzed tax positions taken for filing with the IRS and all state jurisdictions where it operates. The Company believes that income tax positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the Company's financial condition, results of operations or cash flows. Accordingly, the Company has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions. If the Company incurs interest or penalties as a result of unrecognized tax positions the policy is to classify interest accrued with interest expense and penalties thereon with operating expenses. The Company is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. ## Note 3 **Revenue recognition** The Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or 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) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. Revenue from contracts with customers includes fees earned for referral capital raising. The recognition and measurement of revenue is based on the assessment of individual contract terms. The Company enters into arrangements with private funds to refer investors. The Company believes that its performance obligation is the sale of securities to the referred investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date. ## **Accounts receivable and contract balances** Accounts receivable arise when the Company has an unconditional right to receive payment under a contract with a customer and are derecognized when the cash is received. At September 30, 2024, there were accounts receivable of \$91,875, less \$91,875 in allowance for doubtful accounts for a net accounts receivable balance of \$0. {8}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENT September 30, 2024** ## Note 3 **Revenue recognition (continued)** Contract assets arise when the revenue associated with the contract is recognized prior to the Company's unconditional right to receive payment under a contract with a customer (i.e., unbilled receivable) and are derecognized when either it becomes a receivable or the cash is received. Contract liabilities arise when customers remit contractual cash payments in advance of the Company satisfying its performance obligations under the contract and are derecognized when the revenue associated with the contract is recognized when the performance obligation is satisfied. There were no contract assets or contract liabilities at the beginning of the period or as of September 30, 2024. ## Note 4 **Net capital requirements** The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of a minimum net capital balance and requires that the Company's aggregate indebtedness to net capital, as defined, shall not exceed 15 to 1. At September 30, 2024 the Company's net capital was \$14,739 which was \$9,739 in excess of its required net capital of \$5,000. The Company's ratio of aggregate indebtedness to net capital was 0.54 to 1. ## Note 5 **Commitments and contingencies** The Company does not have any commitments, guarantees or contingencies including arbitration or other litigation claims that may result in a loss or future obligation. The Company is not aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. ## Note 6 **Concentrations** The Company maintains its cash at financial institutions in bank deposits, which may exceed federally-insured limits. The Company has not experienced any losses in such accounts and the Company believes it is not exposed to any significant risk with respect to cash. The Company earned 92% of its revenue from one customer for the year ended September 30, 2024. ## Note 7 **Exemption from Rule 15c3-3** The firm does not claim an exemption from SEC Rule 15c3-3 in reliance on footnote 74 to SEC Release 34-70073. The Company had no obligations under SEC Rule 15c3-3 for the year ended September 30, 2024. {9}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENT September 30, 2024** ## Note 8 **Going Concern** For the year ended September 30, 2024 the Company had a net loss of \$47,912 and negative cash flow from operating activities of \$15,176. The Company's operating deficit during this period was funded partially by member capital contributions totaling \$13,000. The Parent stated it will continue to provide such support to the Company for the foreseeable future, as needed. ## Note 8 **Subsequent Events** Subsequent events have been evaluated through January 2, 2025, which is the date the financial statements were available to be issued. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.