# EQX LLC X-17A-5 (2023-03-14) — Broker-dealer annual report - Company: EQX LLC - Form: X-17A-5 - Filed: 2023-03-14 - Period: 2022-12-31 - Accession: 0001753924-23-000002 - CIK: 1753924 - File #: 8-70220 - Type: Broker-dealer - Material weakness: No - Auditor: Mercurius & Associates LLP - Auditor location: New Delhi, K7 - Contact: Shari Rothenberg - Phone: 908-743-1307 - Email: srothenberg@integrated.solutions - Website: integrated.solutions - Signed by: Matthias Pitkowitz (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1753924/000175392423000002/eqx22s.pdf --- {0}------------------------------------------------ #### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 # ANNUAL REPORTS FORM X-17A-5 PART III | OMB APPROVAL | | | | |--------------------------|--|--|--| | OMB Number: 3235-0123 | | | | | Expires: Oct. 31, 2023 | | | | | Estimated average burden | | | | | hours per response: 12 | | | | SEC FILE NUMER 8- 70193 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 01/01/22 MM/DD/Y Y MM/DD/YY ### A. REGISTRANT IDENTIFICATION AND ENDING name of firm: EQX LLC TYPE OF REGISTRANT (check all applicable boxes): മ Broker-dealer □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 148 Lafayette Street | | (No. and Street) | | | | | |----------------------------------------------|---------------------------------------------------------------------------|----------------------------------|--|--|--| | New York | NY | 10013 | | | | | (City) | (State) | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Shari Rothenberg | (908) 743-1307 | srothenberg@integrated.solutions | | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | Mercuritie & Associates P | | | | | | | IIINI VUIIWA A I WUVULUWA I- | | | | |--------------------------------------------------|------------------------------------------------------------|---------|-------------------------------------------| | | (Name - if individual, state last, first, and middle name) | | | | | A-9478, Wazirpur Industrial Area New Delhi | Delhı | 110052 | | (Address) | (City) | (State) | (Zıp Code) | | 02/10/2009 | | 3223 | | | (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. {1}------------------------------------------------ ### **\$)),50\$7,21** **,VZHDURUDIILUP WKDWWRWKHEHVWRIP\NQRZOHGJHDQGEHOLHIWKH ILQDQFLDOUHSRUWSHUWDLQLQJ WRDVRILV WUXH DQG FRUUHFW , IXUWKHU VZHDU RU DIILUP WKDW QHLWKHU WKH FRPSDQ\ QRU DQ\ SDUWQHU RIILFHU GLUHFWRURUHTXLYDOHQWSHUVRQDVWKHFDVHPD\EHKDVDQ\SURSULHWDU\LQWHUHVWLQDQ\DFFRXQWFODVVLILHG VROHO\DVWKDWRIDFXVWRPHU** EQX LLC 12/31/22 Matthias Pitkowitz **BBBBBBBBBBBBBBBBBBBBBBBBBB** **6LJQDWXUH BBBBBBBBBBBBBBBBBBBBBBBBBB** CEO **7LWOH** Commonwealth of Virginia County of Prince William The foregoing instrument was subscribed and sworn before me on 03/13/2023 by Matthias Pitkowitz. 7999724 My commission expires: 01/31/2026 Notarized online using audio-video communication ![](_page_1_Picture_12.jpeg) **BBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBB** Natesha Lawanda Evans REGISTRATION NUMBER 7999724 COMMISSION EXPIRES January 31, 2026 **1RWDU\3XEOLF** {2}------------------------------------------------ ### This filing\*\* contains (check all applicable boxes): - 区 (a) Statement of financial condition. - 亥 (b) Notes to unconsolidated or consolidated statement of financial condition, as applicable. - O (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). - □ (d) Statement of cash flows. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity, as applicable. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to unconsolidated or consolidated financial statements,, as applicable. - □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (i) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - = (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - = (1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - □ (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) or 17 CFR 240.18a-4, as applicable. - O (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 240.18a-1, or 17 CFR 240.18a-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. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - 図 (q) Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - 四 (t) Independent public accountant's report based on an examination of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - [ (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. - | (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. - = (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - = (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). - □ (z) Other: \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(0)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {3}------------------------------------------------ # EQX LLC (a wholly-owned subsidiary of EQX Investor Capital LLC) Statement of Financial Condition Pursuant to Rule 17a-5 under the Securities Exchange Act of 1934 December 31, 2022 {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) **Mercurius & Associates LLP** **(formerly known as AJSH** & **Co LLP) LLPIN: AAG-1471** A-94/8, Wazirpur Industrial Area, Main Ring Road, Delhi - 110052 +91 11 45596689 www.masllp.com info@masllp.com #### **Report of Independent Registered Public Accounting Firm** To the Members of **EQX LLC** #### **Opinion on the Financial Condition** We have audited the accompanying statement of financial condition of EQX LLC (the "Company") as of December 31, 2022 and the related notes to the statement. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** The statement of financial condition and related notes to the statement is the responsibility of the Company's management. Our responsibility is to express an opinion on it 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 the Company 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 statement of financial condition is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of statement of financial condition, 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 statement of financial condition. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation. We believe that our audit provide a reasonable basis for our opinion. **Mercuri us** & **Associates LLP** (formerly known as AJSH & Co LLP) We have served as the EQX LLC Auditor since 2022. New Delhi, India March 13, 2023 ![](_page_4_Picture_16.jpeg) {5}------------------------------------------------ # Statement of Financial Condition December 31, 2022 | Assets
Cash
Prepaid expenses and other | S | 66,460
2,607 | |------------------------------------------------------------------------------------------|---|-----------------| | Total assets | | 69,067 | | Liabilities and Member's Equity
Liabilities:
Accounts payable and accrued expenses | S | 2,750 | | Member's equity | | 66,317 | | Total liabilities and member's equity | S | 69,067 | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ # Notes to Statement of Financial Condition December 31, 2022 #### 1. Nature of operations EQX LLC (the "Company") is a limited liability company formed under the laws of the state of Delaware. The Company is a wholly-owned subsidiary of EQX Investor Capital LLC (the "Parent"). The Company is a broker-dealer registered with the Securities and Exchange Commission (the "SEC") and is a member of the Financial Industry Regulatory Authority. The primary business of the Company is to act as a broker-dealer providing long-term financial and strategic advisory services (including mergers and acquisitions), equity and debt capital raising as well as the operation of a trading platform registered with the SEC. ### 2. Summary of significant accounting policies ### Basis of presentation This financial statement was prepared in conformity with accounting principles generally accepted in the United States of America which 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 statement and the amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. ### Cash All cash deposits are held by one financial institution and therefore are subject to the credit risk at that financial institution. The Company has not experienced any losses in such accounts and does not believe there to be any significant credit risk with respect to these deposits. #### Income taxes The Company is a single member limited liability company and is therefore treated as a disregarded entity for income tax reporting purposes. The Internal Revenue Code provides that any income or loss is passed through to the ultimate beneficial individual member for federal, state and local income taxes. Accordingly, the Company has not provided for federal, state and local income taxes. At December 31, 2022, management has determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination will be subject to ongoing reevaluation as facts and circumstances may require. Interest and penalties assessed, if any, are recorded as income tax expense. {7}------------------------------------------------ # Notes to Statement of Financial Condition December 31, 2022 ### 2. Summary of Significant Accounting Policies (continued) ### The Allowance for Credit Losses ASC Topic 326, Financial Instruments - Credit Losses ("ASC 326") impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under ASC 326, the Company could determine there are no expected credit losses in certain circumstances (e.g., based on the credit quality of the client). The allowance for credit losses is based on the Company's expectation of the collectability of financial instruments, including fees and other receivables utilizing the CECL framework. 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. Under the standard, the allowance for credit losses must be deducted from the amortized cost of the financial asset to present the net amount expected to be collected. #### 3. Clearing Broker During 2022, the Company terminated its agreement with its clearing broker. No transactions were cleared during the year ended December 31 2022. #### 4. Transactions with related party The Company has an expense sharing agreement with an affiliate whereby the affiliate provides accounting, administrative, office space, human resources and other services. The Company does not have any obligation, direct or indirect, to reimburse or otherwise compensate the affiliate for any or all costs that the affiliate has paid on behalf of the Company. These costs have not been recorded on the books of the Company. All transactions with the related party are settled in the normal course of business. The terms of any of these arrangements may not be the same as those that would otherwise exist or result from agreements and transactions among unrelated parties. #### 5. Regulatory requirements The Company is subject to SEC Uniform Net Capital Rule 15c3-1 under the Securities Exchange Act of 1934, 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 1. At December 31, 2022, the Company had net capital of approximately \$64,000 which exceeded the required net capital by approximately \$14,000. {8}------------------------------------------------ ## Notes to Statement of Financial Condition December 31, 2022 #### 6. Going Concern Accounting Standards Update 2014-15 requires that management evaluate conditions or events that might raise substantial doubt about the Company's ability to continue as a going concern. Management has evaluated the Company's conditions and has determined that unless the Company generates enough revenue or continues to be funded by its parent, there is substantial doubt about the Company's ability to continue as a going concern. Capital is not a significant income producing factor and should the Company have a need for capital, it has been able to rely upon its parent to infuse capital to cover overhead should that become necessary. Management has pledged additional support to the Company to enable it to operate for the next year should that become necessary. #### 7. Subsequent events Management of the Company has evaluated events or transactions that may have occurred since December 31, 2022 and determined that there are no material events that would require in the Company's financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.