# AGILE TRADING TECHNOLOGIES, LLC X-17A-5 (2022-02-28) — Broker-dealer annual report - Company: AGILE TRADING TECHNOLOGIES, LLC - Form: X-17A-5 - Filed: 2022-02-28 - Period: 2021-12-31 - Accession: 0001796826-22-000002 - CIK: 1796826 - File #: 8-70466 - Type: Broker-dealer - Material weakness: No - Auditor: ALVAREZ & ASSOCIATES, INC. - Auditor location: NORTHRIDGE, CA - Contact: Janice Parise - Phone: 212 751-4422 - Email: crichins@trade-agle.com - Website: trade-agle.com - Signed by: CURTIS RICHINS (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1796826/000179682622000002/agilepublic2021.pdf --- {0}------------------------------------------------ | UNITED STATES
PURLIC
SECURITIES AND EXCHANGE COMMISSION
Expires: Oct. 31, 2023
Washington, D.C. 20549
ANNUAL REPORTS
FORM X-17A-S
PARTIN
FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
10/19/20
12/31/21 | OMB APPROVAL
OM& Mumber: 3235-0123
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hours per response: 12
SEC FILE NUMBER
8-70466 | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | AND ENDING
FILING FOR THE PERIOD BEGINNING | | | MM/DD/W | MM/DD/W | | A. REGISTRANT IDENTIFICATION | | | NAME OF FIRM: Agile Trading Technologies, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | @ Broker-dealer - O Security-based swap dealer - J Major security-based swap participant | | | Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | 111 Presidential Blvd, Suite 209 | | | (No. and Street) | | | PA
Bala Cynwyd | 19004 | | (City)
(State) | (Zip Cade) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | Curtis Richins 267-688-8435 | crichins@trade-agle.com | | (Area Code - Telephone Number)
(Name)
(Email Address) | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this fillng* | | | Alvarez & Associates, Inc. | | | (Name - if individual, state last, first, and middle name) | | | 9221 Corbin Avenue, Suite 165 Northridge
California 91324 | | | | (Žip Code) | | (AGGIOSS)
(State)
(City) | | | 10/16/2018
6517 | | | (Date of Registration with PCAOB)(if applicable)
(PCAO8 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)(li), if applicable. | | displays a currently valld OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | Curtis Richins | swear (or affirm) that, to the best of my knowledge and belief, the | |---------------------------------------------------------------------------|---------------------------------------------------------------------| | tinancial report pertaining to the firm of Ages Trading lechnologies. LLC | | | Danne Carlos Controller | | December 31 2, 2 021 is true and correct. I further swear (or affirm) that neither the company nor any 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. Signature President and CEO Title: Notary Public This filing \*\* contains (check all applicable boxes): - (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - O (c) Statement of income (loss) or, if there is other comprehensive 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. - O (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - O (f) Statement of changes in liabilities subordinated to claims of creditors. - O (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. - [] Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - O (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. - [in) Information relating to possession or control requirements for customers under 17 CFR 240,15c3-3. - [1] 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 24018a-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. - O (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - [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. - [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. - [1] Independent public accountant's report based on an examination of the statement of financial condition. - CEP 240 170 5 17 65 37 65 310 11 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - [0] (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. - IT {x| Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, 12 as anniirable as applicable. - a statement that no 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). - O (z) Other: \_ - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.170-5(e)[3] or 17 CFR 240.18c-7(d)[2], as applicable. Commonwealth of Pennsylvania - Notary Seal George M. Laughlin III. Notary Public Delaware County My commission expires March 25, 2023 Commission number 1285819 Member, Pennsylvania Association of Notarios {2}------------------------------------------------ Financial Statement For the period October 19, 2020 through December 31, 2021 {3}------------------------------------------------ Contents Independent Auditor's Report Financial Statement Statement of Financial Condition Notes to Financial Statement ﻣﺪﺍ にお 6.10 {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Those Charged with Governance and the Members of Agile Trading Technologies, LLC: ### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Agile Trading Technologies, "financial statement") as of December 31, 2021, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all accounting principles, consider of the Company as of December 31, 2021 in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to accounting firm on the Company'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 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 and norform with the standards of the PCAOB. Those standards require statement in free of metaily as a man the assurance about whether the financial statement is free of material misstatement, whether does which or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether included and performing procedures that respond to those risks. Such procedures atte luded examining, on a test basis, evidence regarding the amounts and disclosures in the financial estimates made by also included evaluating the accounting principlies used and significant estimates made by management, as well as evaluating the overall presentation of the finneaial statements. We believe that our audit provides a reasonable basis for our opinion. Alvarez & Associates, In We have served as the Company's auditor since 2021. Northridge, California February 22, 2022 > 9221 Carbin Avenue Suite 165 Northridge, California 91324 800.848.0008 www.AAICPAs.com Chicago, Dallas, Los Angeles, New York, San Francisco, Seattle {5}------------------------------------------------ Financial Statement {6}------------------------------------------------ # Statement of Financial Condition | December 31, | | 2021 | |---------------------------------------|----|---------| | Assets | | | | Cash and cash equivalents | 5 | 237,427 | | Accounts receivable, net | | 168,900 | | Due from related party | | 1,859 | | Prepaid expenses and other assets | | 10,513 | | Property and equipment, net | | 63,889 | | Total Assets | રે | 482 588 | | Liabilities and Members' Equity | | | | Accounts payable and accrued expenses | 5 | 3,020 | | Total Liabilities | | 3,020 | | Commitments and Contingencies | | | | Members' Equity | | 479,568 | | Total Liabilities and Members' Equity | 5 | 482 588 | See accompanying notes to financial statement. {7}------------------------------------------------ ### Notes to Financial Statement ### 1. Summary of Significant Accounting Policies #### Nature of Operations Agile Trading Technologies, LLC (the "Company") was formed as a limited liability company on January 17, 2019 under the laws of the State of Delaware. The principal activity of the Company is to provide mortgage capital market related technology solutions for its clients, which include broker dealers, mortgage companies, and hedge advisory firms. The Company is headquartered in Bala Cynwyd, Pennsylvania. The Company is a registered broker-dealer in securities under the Securities and Exchange Act of 1934 and a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The Company was approved to commence business on October 19, 2020. #### 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, if any, 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 and these differences could be material. #### Cash and Cash Equivalents The Company considers all highly-liquid investments with an original maturity of 90 days or less at date of purchase to be cash equivalents. There are no cash equivalents at December 31, 2021. #### Accounts Receivable and Allowance for Doubtful Accounts The Company performs ongoing credit evaluations of its customers' financial condition and has not experienced any significant collection problems to date. Accounts receivable payment terms are consistent across the company's products and services and are stated in the financial statements as accounts receivable, net of an allowance for doubtful accounts that are outstanding longer than the payment terms are considered past due. The Company determines its allowance by considering a number of factors, including length of time trade accounts receivable are past due, the Company's previous loss history, the customer's current ability to pay its obligation to the Company and the condition of the general economy and the industry as a whole. The Company writes off accounts receivable when they become uncollectible. At December 31, 2021, the allowance for doubtful accounts totals \$0. #### Property and Equipment All property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to operations on a straight-line basis over the estimated useful lives of the assets or, in the case of leasehold improvements, the lease period, if shorter. Generally, estimated useful lives are as follows: {8}------------------------------------------------ # Notes to Financial Statement | Leasehold improvements | Shorter of z years or the lease term | |------------------------|--------------------------------------| | Furniture and fixtures | E | # tn eToxes #### Reventre Recognition customers at an arnount that reflect: the consideration the Company expe€ts to reeaive for those are met: the company has a contract with custorn promised services are identified as performance obtigations; the transact'ion price or consideration that the Company expects to receive for trans?erring the goods or providing seruices is determinablej and the Company has transferred control of the pe rrnance obtigitions to the customer. A promise in a contract to transfer a distinct good or seryice to the customer is identified as a performance obtigation. The Company's revenue consists of two revenue str€ams - Software as a Seryice (,,SAAS"), which is subscription-based income, and Licensing Fee income, both of which are recognized over time on a straight-line basis over the related contractual period. The company does incur costs to obtain or fulfitt customer contracts and recognizes these costs as expense in the pe-od they are incurred. The Company elected the foltowing practjcal expedients and accounting pollcy elections: rlncremental costs of obtaining a contract - The Company has etected the practical expedient that, if appticabte for any customer, woutd attow recognizing incrernentaI eosts of obtaining acontr8ct as an expense when incurred if thE amorLizaeion period of the asset that the entity otherwise would have recognized is one year or less. {9}------------------------------------------------ # Notes to Financial Statement #### Contract Assets ond Liabilities er, a contract asset is recognized. There were ,ro contract assets inctuded in the accompanying statement of financiat condiiion at Decemnei:r, 20?1. Contract liabilities consist of payments received from customers, or such consideration that is accompanying statement of financiat condition as of December J'1 ,20?.1. There were no conrract liabilities in the accompanying statement of financiat condition as of December ] j , 2021. #### lAo rketi ng o n d Ad v e r tist ng Ex pense The Cornpany expenses marketing and advertising expenses as they are incurred. ### 2. Recently lssued Accounting Standards oritative source of generalty accepted accounting principles ['GAAP") recognized by the FASB. The principt-s embodied in the Codification are to be apptied by nongovernmental entities in the preparation of financiat statements in accordance with G in the United States. New accounting pronouncements are incorporated into the ASC through issuance of Accounting Standards UpOatii (.,ASUs,,). For the period ending December 31, 2021, various ASUs issued by the B were either newty issued or had effective implementation dates that would require their provisions to be refteited in the financiatstatements for the period then ended. The Company has either evatuated or is currently evaluating the implications, if any, of each rf these pronouncernents and the possibte al,lcases, irnplementation would not have a materiat impact on the financiat statements taken as a whole. ### 3. Concentration of Credit Risk #### Cosh and Cosh Eguivalents The Company maintains cash with a financial institution. Cash balances are insured by the Federat by onty depositing funds with major financialinstitutions and has not experienced any losses from maintaining cash and balances in excess of federa[y insured timits. {10}------------------------------------------------ # Notes to Financial Statement ### 4. Property and Equipment Property and equipment consist of the folt ing: | December 3l | | |-------------|--| | | | | | | | | | ### 5. Commitments #### eroting Lecses amended to defer commencement date of the lease due to the Company's inability to physicatty take possession of the office space due to the COVID-I9 outbreak. The lermination aaie of thelease agreement was similarty postponed" ### 6. Contingencies The Company had no contingent tiabitities and had not been narned as a defendant in any tawsuit at December 31,7021, or during the period then ended. ### 7. Related Party Transactions The Company and MCT are parties to an Asset Purchase Agreement, License Agreement and Expense Shanng Agreement. Under the Asset Purchase Agreement, MCT sotd ihe:rade Auction Manager ("T ") platform, devel,oped by l'lCT, to the company for 5100,000, Under the Llcense The Company earned Licensing Fee revenue from MCT during the period october 19, Z0Z0 through December 31,7021 and was due 527,900 in fees as of December 31 , ?ot1 The Company incurred Salaries, Commissions and Bonuses under the terrns of the fxpense Sharing Agreement during the period October 19, Z02O through December 31|, ZAZ| and owed MCT S26,04i as of December 31, 2021 for the unpaid portion of these expenses. The amounts due from and due to lrlCTare reftected net as S.t,g59 due from related party as of December 31 , 202i in the accompanying statement of financial, condition" {11}------------------------------------------------ Notes to Financial Statement It is possible that the terms of certain of the retated party transactions are not the same as those that would resu{t from transactions among whotty unietaied parties, #### E. Net Capital Requirements The Company is subject to the Securities and Exchange Commission Uniform Net Capitat Rute {SEC Rute 15c3'1), which requires the maintenance of minirnum net capitat and requires that the ration uld exceed 10 to 1. Net capita[ and aggregate 1 maximum allowed. ### 9. Subsequent Events through the date these financial statements were avaitable to be issued. Based on this review, the Company has deterrnined that there were no events which took ptace that wor.ltd have a materiat impact on its financiat statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.