# TEXTURE CAPITAL, INC. X-17A-5 (2022-09-29) — Broker-dealer annual report - Company: TEXTURE CAPITAL, INC. - Form: X-17A-5 - Filed: 2022-09-29 - Period: 2022-06-30 - Accession: 0001769517-22-000002 - CIK: 1769517 - File #: 8-70310 - Type: Broker-dealer - Material weakness: No - Auditor: Citrin Cooperman & Company LLP - Auditor location: New York, NY - Contact: Richard Johnson - Phone: 646 979 8558 - Email: richard@texture.capital - Website: texture.capital - Signed by: Richard Johnson (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1769517/000176951722000002/texpublic.pdf --- {0}------------------------------------------------ # TEXTURE CAPITAL INC STATEMENT OF FINANCIAL CONDITION JUNE 30, 2022 {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | OMB APPROVAL | |---------------------------| | OMB Number: 3235-0123 | | Expires: Oct. 31, 2023 | | Estimated average burden | | hours per response:
12 | # ANNUAL REPORTS FORM X-17A-5 PART III | | SEC FILE NUMBER | |--|-----------------| | | | 8-70310 FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 7/01/2021 6/30/2022 FILING FOR THE PERIOD BEGINNING AND ENDING MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: Texture Capital, Inc. TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer [ Major security-based swap participant O Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 59 Strong Place (No. and Street) NY 11231 Brooklyn (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Richard Johnson 646.979.8558 richard@texture.capital (Name) (Area Code - Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Citrin Cooperman & Company, LLP (Name - if individual, state last, first, and middle name) 529 Fifth Avenue New York NY 10017 (Address) (City) (State) (Zip Code) 11-2-2005 2468 (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 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}------------------------------------------------ #### OATH OR AFFIRMATION | | | . swear (or affirm) that, to the best of my knowledge and belief, the | |------------------------------------------------------------------|--|-------------------------------------------------------------------------------------------------------------------------------------| | Richard Johnson | | as of | | financial report pertaining to the firm of Texture Capital, Inc. | | . 2 022 _ , is true and correct. I further swear (or affirm) that neither the company nor any | | June 30 | | | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | as that of a customer. | | | | | FREDERICK SHIVRATTAN | |--|----------------------------------| | | Notary Public, State of New York | | | No. 01SH6205225 | | | Qualified in Queens County o | | | Commission Expires May, 4, 20_ | | | | | | . 0 14 | | | | Signature: Title: 60 Notary Public #### This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - [0] Notes to consonuated statement of ther comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - O (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - [ (g) Notes to consolidated financial statements. - O (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. - □ (j) 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. - □ (I) 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) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, 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. - | | Oath or affirmation in accordance with 17 CFR 240.17a-5, 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. - @ (t) Independent public accountant's report based on an examination of the statement 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 240.17a-12, as applicable. - 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(e)(3) or 17 CFR 240.180-7(d)(2), as applicable. {3}------------------------------------------------ # TEXTURE CAPITAL INC # JUNE 30, 2022 ## TABLE OF CONTENTS # Report of Independent Registered Public Accounting Firm | Financial Statement: | | |----------------------------------|-----| | Statement of Financial Condition | | | Notes to the Financial Statement | 2-4 | See accompanying notes to the Financial Statement {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) Citrin Cooperman & Company, LLP Certified Public Accountants 50 Rockefeller Plaza New York, NY 10020 T 212.697.1000 F 212.697.1004 citrincooperman.com ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholder Texture Capital, Inc. ### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Texture Capital, Inc. as of June 30, 2022, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Texture Capital, Inc. as of June 30, 2022, in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion This financial statement is the responsibility of Texture Capital, Inc.'s management. Our responsibility is to express an opinion on Texture Capital, Inc.'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 Texture Capital, Inc. 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as Texture Capital, Inc.'s auditor since 2021. New York, New York September 28, 2022 "Citrin Cooperman" is the brand under which Cooperman & Company, LLP, alicensed independent CPA from, and Citin Cooperman Advisors I LC serve clients' business needs. The two firms operate as separate legal entities in an alternative practice structure. Citin Cooperman is an independent member of Moore North America, which is itself a regional member of Moore Global Network Limited (MGNL). {5}------------------------------------------------ # TEXTURE CAPITAL INC STATEMENT OF FINANCIAL CONDITION JUNE 30, 2022 ### ASSETS | Cash
Prepaid expenses | ಕಿ | 505,456
15,070 | |--------------------------------------------------------|----|-------------------| | Total assets | ಕಿ | 520,526 | | | | | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | Liabilities: | | | | Due to parent | ക | 30,911 | | Accounts payable | | 12,038 | | Total liabilities | | 42,949 | | Stockholder's Equity: | | | | Common Stock, par value \$.01, 1,500 shares authorized | | | | 1,500 shares issued and outstanding | | 15 | | Additional paid-in capital | | 994,985 | | Accumulated deficit | | (517,423) | | Total stockholder's equity | | 477,577 | | Total liabilities and stockholder's equity | ക | 520,526 | {6}------------------------------------------------ ## 1. ORGANIZATION AND DESCRIPTION OF BUSINESS Texture Capital Inc (the "Company") is a wholly-owned subsidiary of Texture Holdings Corporation (the "Parent"). The Company was organized on November 8, 2018 as a Delaware corporation and is registered to do business in New York as a foreign entity. The Company is a registered broker-dealer under the Securities Exchange Act of 1934 and is a member of both the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investor Protection Corporation ("SIPC"), as of September 28, 2020. The Company operates an alternative trading system and a platform for initial digital securities offerings. In addition, the Company conducts private placement of securities and investment advisory services. The Company does not claim an exemption from SEC Rule 15c3-3 of the Securities Exchange Act of 1934, in reliance on Footnote 74 to SEC Release 34-70073 which provides that the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; did not carry accounts of or for customers; and did not carry PAB accounts. The accompanying financial statements have been prepared from the separate records maintained by the Company and, due to certain transactions and agreements with the Parent, such financial statements may not necessarily be indicative of the financial condition that would have existed or the results that would have been obtained from operations had the Company operated as an unaffiliated entity. # 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES # Concentration of risk The Company maintains cash in a bank account which is interest bearing. Interest bearing and non-interest bearing accounts are insured by the FDIC up to \$250,000 per financial institution. The Company has not experienced any losses in such accounts and does not believe it is exposed to any significant credit risk on cash. ### 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. Actual results could differ from those estimates. ### Income taxes As a wholly-owned company, the Company is considered to be a disregarded entity and thus does not file a federal income tax return. The Company files under the Parent's federal consolidated tax return in which all items of income, expense, gains and losses are reportable by the Parent for tax purposes. The Company has no unrecognized tax benefits at June 30, 2022. {7}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`,&+&',+a,&0\*)bc(&\*0d')(e,\*a/00(0 T98<<5;A89<3G>C2HJKLJKVf5U\RghigSjH>989<>8IT9@C;B639C@i4;3A>Ck5@@3@M157>< \hOlm38@B;3639C5F4;3A>Ck5@@3@59H>989<>8IT9@C;B639C@SnC23JKV8AA@C5VUKU^JJo89 >678>;639C65A3IMW95G98@C23CI5@@MN4p4kNO65A3IOC28C>@E8@3A 593D739?38@89 8II5G89<3S>C@3@C>68C35FI>F3C>633D73CI5@@3@SG2><2C23HJKLE3I>3X3@G>II;3@BIC >965;3C>63I:;3<5=9>C>595F@B<2I5@@3@S>F89:UJE;5W3;iA38I3;q@3@C>68C35F3D73A3;C233D73@W5F<;3A>CI5@@3X39>FC28C;>@W>@;365C3S;3=8;AI3@@ 5FC2363C25A877I>3AC53@C>68C3<;3A>CI5@@3@U > JE;5W3;iA38I3;S25G3X3;S>@95C;3ZB>;3AC5638@B;33D73CI5@@3@598F>989<>8I 8@@3CM5;=;5B75FF>989<>8I8@@3C@O>9G2><22>@C5;><8I<;3A>CI5@@>9F5;68C>598AYB@C3AF5; C>59@89A;38@598EI389A@B775;C8EI3F5;3<8@C@;3@BIC@>9893D7359C28C 95978:639C5FC23865;C>?3A<5@CE8@>@>@;365C3UH5;F>989<>8I8@@3C@638@B;3A8C 865;C>?3A<5@CM>U3U<8@2OSC23456789:28@<59C I5@@3@E8@3A59C2398CB;35;3D73F35FC23F>989<>8I8@@3C@89A>668C3;>8I2>@C5;><5; 3D73@@BEY3F5;693C<87>C8I;3ZB>;3639C@5FsBI3gtC>3@89ApD<289=3J<2;3ZB>;3@C23456789:C568>9C8>9S8C8II C>63@S@BFF><>39CI>ZB>A8@@3C@C5<5X3;>9A3EC3A93@@UT98<<5;A89<3G>C2C23sBI3SC23 456789:>@;3ZB>;3AC568>9C8>9A3F>93A6>9>6B693C<87>C8I5FC23=;38C3;5FutSRRR5;h \vw5F8==;3=8C3>9A3EC3A93@@U {8}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ource: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.