# FON CORPORATE FINANCE LLC X-17A-5 (2026-06-29) — Broker-dealer annual report - Company: FON CORPORATE FINANCE LLC - Form: X-17A-5 - Filed: 2026-06-29 - Period: 2026-03-31 - Accession: 0001805206-26-000003 - CIK: 1805206 - File #: 8-70500 - Type: Broker-dealer - Material weakness: No - Auditor: Aprio, LLP - Auditor location: Atlanta, GA - Contact: Kim Matisoff - Phone: 202-780-3820 - Email: kmatisoff@compliance-risk.com - Website: compliance-risk.com - Signed by: Kim Matisoff (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1805206/000180520626000003/fonpublicaudit.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: Nov. 30, 2026 Estimated average burden hours per response: 12 sec file number 8-70500 FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING 03/31/2026 filing for the period beginning 04/01/2025 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: FON CORPORATE FINANCE LLC TYPE OF REGISTRANT (check all applicable boxes): ത ▪ 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.) 2000 DUKE STREET, SUITE 321 (No. and Street) ALEXANDRIA VA 22314 (Zip Code) (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING Kim Matisoff kmatisoff@compliance-risk.com (Name) (Area Code - Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* APRIO, LLP (Name – if individual, state last, first, and middle name) 30319 2002 Summit Boulevard, Suite 120 Atlanta GA (Address) (State) (Zip Code) (City) 11/25/2003 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) FOR OFFICIAL USE ONLY 926 \* 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. {1}------------------------------------------------ # OATH OR AFFIRMATION | Kim Matisoff | swear (or affirm) that, to the best of my knowledge and belief, the | | |-----------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------| | tinancial report pertaining to the firm of FON CORPORATE FINANCE, LLC | | as of | | 3/31 | 2 026 | | | | 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 Kary North, | | | |-----------------------|--|--| | Title: | | | | CEO | | | Notary Public # This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - □ (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. - \_ (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - □ (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. - | - | - □ (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. - | as applicable. - \_ (y) Report describing any material inadequacies 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(e)(2), as applicable. {2}------------------------------------------------ FON CORPORATE FINANCE LLC Statement of Financial Condition as of March 31, 2026 and Report of Independent Registered Public Accounting Firm This report is pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a Public Document. {3}------------------------------------------------ FON CORPORATE FINANCE LLC ### Table of Contents For the Year ended March 31, 2026 | Report of Independent Registered Public Accounting Firm | | | |----------------------------------------------------------|-------|--| | Financial statement:
Statement of Financial Condition | | | | Notes to Financial statement | 3 - 6 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members of FON Corporate Finance LLC # Opinion on the Financial Statement We have audited the accompanying statement of financial condition of FON Corporate Finance LLC as of March 31, 2026, 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 FON Corporate Finance LLC as of March 31, 2026 in conformity with accounting principles generally accepted in the United States of America. ## Basis for Opinion This financial statement is the responsibility of FON Corporate Finance LLC's management. Our responsibility is to express an opinion on FON Corporate Finance 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 FON Corporate Finance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and the РСАОВ. 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. Aprio, LLP We have served as FON Corporate Finance LLC's auditor since 2025. New York, NY June 29, 2026 {5}------------------------------------------------ ### FON CORPORATE FINANCE LLC ### Statement of Financial Condition March 31, 2026 | ASSETS
Cash
Other assets | S
145,271
2,979 | |---------------------------------------|-----------------------| | TOTAL ASSETS | 148,250 | | | | | LIABILITIES AND MEMBER'S EQUITY | | | LIABILITIES: | | | Due to Related Party | 13,413 | | Due to Parent | 4,324 | | Accrued payable & accrued expenses | 15,712 | | TOTAL LIABILITIES | 33,449 | | MEMBER'S EQUITY | 114,801 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | 148,250
S | See Notes to Accompanying Financial Statement. {6}------------------------------------------------ Notes to Financial Statement For the vear ended March 31. 2026 #### NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS FON Corporate Finance LLC (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory ("FINRA"). The Company is a wholly-owned subsidiary of FON Holdings, LLC (the "Parent"). The Company was formed on November 18, 2019, as a limited liability company in accordance with the laws of the state of Delaware. The primary business of the Company is to provide services and acquisitions and private capital raising. The Company holds no customer funds or securities for investment, nor does it owe funds or securities to its customers. #### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES #### Basis of Presentation The accompanying financial statement has been prepared on the accrual basis of accordance with accounting principles generally accepted in the United States of America ("GAAP"). #### Accounts Receivable Accounts receivable consist of unconditional amounts due for services and are reported at amortized cost. All receivables are uncollateralized. To provide for receivables that could become uncollectible in the future, the Company may establish an allowance for credit losses to reduce the carrying amount of such restimated net realizable value. The allowance for credit losses is based upon Management's assessment of historical and expected net collections, business and economic conditions, and other collection indicators. The balance of accounts receivable as of April 1, 2025 was \$5,000 and it was \$0 as of March 31, 2026. The Company adopted a policy of estimated credit losses on financial assets in accordance with FASB ASC 326-20 requires the Company to estimate expected credit losses over the life of its financial assets and certain off-balance sheet exposures as of the reporting date based on relevant information about past events, current conditions, and reasonable forecasts. The Company records the estimate of expected credit losses as an allowance for credit losses measured at an amortized cost basis the allowance for credit losses is reported as a valuation account on the balance sheet is amortized cost basis. Changes in the allowance for credit losses are reported in Credit Loss expense. No allowance was of March 31, 2026. #### Revenue and Expense Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("ASC Topic 606 requires that an entity recognize revenue to depict the transfer of promised gods 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 an entity to follow a five step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the a performance obligation. In determining the transaction price, an entity may include consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. #### Investment Banking The Company provides advisory services on mergers, acquisitions, and restructuring. Revenue for advisory arrangements is generally recognized at the point in time once the performance obligation under the arrangement is completed (the closing date of the transaction) or the contract is cancelled. However, for certain contracts, revenue is recognized over time for advisory arrangements in which the performance obligations are simultaneously provided by the company and consumed by the customer. In some circumstances, significant judgment is needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. Retainers and other fees received from customers prior to recognizing revenue are reflected as contract liabilities. During the year ended March 31, 2026, revenues recognized from investment banking fees were \$10,050. #### Retainer, Consultina, and Success Fees Fees are due in accordance with the terms of the executed agreement and are typically recorded upon execution of a signed agreement. Performance obligations in these arrangements vary depending on the contract, but are typically satisfied at a point in time under the arrangement. These types of fees may also include retainer, research, and/or success fees, which are recognized upon the completion or cancellation of the deal. {7}------------------------------------------------ Notes to Financial Statement For the vear ended March 31, 2026 ### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) #### Revenue and Expense Recognition (continued) #### Contract Balances Contract assets arise when the revenue associated with the contract is recognized prior to teceive 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 assets are reported in the statement of financial condition. As of March 31, 2026, there were no contract assets. Contract liabilities arise when customers remit contractual cash payments in advance of the Company satisfying its performance obligations under the contract and are derecognized with the contract is recognized when the performance obligation is satisfied. As of March 31, 2026, there were no contract liabilities. #### Income Taxes The Company is a single-member limited liability company and is treated entity for U.S. federal and state income tax purposes. As such, the Company is not subject to income or loss is income or loss is included in the income tax returns of its sole member. Accordingly, no provision for income taxes has been recorded in the accompanying financial statement. In accordance with ASC 740-10-50-16, the Company has not recognized any deferred tax assets or liabilities in its financial statement. The Company has evaluated its tax positions and determined that there are no uncertain tax require recognition or disclosure in the financial statement. #### Use of Estimates The preparation of financial statement and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statement, and the reported amounts of income and expenses during the reporting year. Accordingly, actual results could differ from those estimates and such differences could be material. #### Recent Accounting Pronouncements The Company has determined that no recently issued accounting pronouncements will have a material impact on its financial position. {8}------------------------------------------------ Notes to Financial Statement For the year ended March 31, 2026 #### NOTE 3 - CONCENTRATIONS OF CREDIT RISK #### Cash The Company maintains principally all cash balancial institution which, at times, may exceed the amount insured by the Federal Deposit Insurance Corporation. The Company is solely dependent upon daily bank balances and the strength of the financial institution. The Company has not incurred any losses on this account. As of March 31, 2026 the amount in excess of the FDIC limit was \$0. #### Revenue During the year ended March 31, 2026, two customers accounted for 60% and 22% of the total revenue. #### NOTE 4 - INDEMNIFICATIONS In the normal course of its business, the Company indemnifies and guarantees certains specified potential losses in connection with their acting as an agent of, or providing services to, the maximum potential amount of future payments that the Company could be required to make undemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make mater these arrangements and has not recorded any contingent liability in the financial statement for these indemnifications. The Company provides representations and warranties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event additional taxes are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generaly are standard contractual terms and are entered into in the normal course of business. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the it is unlikely it will have to make material payments under these arrangement and has not recorded any contingent liability in the financial statement for these indemnifications. #### NOTE 5 - CONTINGENCIES The Company is exposed to various asserted and unasserted potential claims encountered in the normal course of business. As of March 31, 2026, and through the date of this report there were no such claims. #### NOTE 6 - NET CAPITAL REQUIREMENTS The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital, and requires that the ratio of aggregate indebtedness to net capital, shall not exceed 15 to 1. SEC Rule 15c3-1 also provides that capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. Net capital and aggregate indebtedness change day to day, but on March 31, 2026, the Company had net capital of \$111,822 which was \$106,822 in excess of its required net capital of \$5,000; and the Company's percentage of aggregate indebtedness to net capital was approximately 29.91%. #### NOTE 7 - BAD DEBT EXPENSE During the year ended March 31, 2026, the Company recorded bad debt expense of \$5,000 related to an unsecured receivable that management determined to be uncollectible based on an assessment of the counterparty's creditworthiness and collection history. Accordingly, the receivable was written off during the year. The Company evaluates receivables on a periodic basis to determine whether an allowance for credit losses is necessary. This evaluation considers historical collection experience, the aging of receivables, specific relevant factors. As of March 31, 2026, management determined that no additional allowance for credit losses was required. {9}------------------------------------------------ Notes to Financial Statement For the year ended March 31, 2026 #### NOTE 8 – EXEMPTION FROM RULE 15c3-3 The Company is exempt from the provisions of Rule 15c3-3 under the Securities and Exchange Act of 1934. The Company does not hold customers' cash or securities and, therefore, has no obligations under the Securities Exchange Act of 1934. #### NOTE 9 - RELATED PARTY TRANSACTIONS Effective January 1, 2026, the Company revised its expenses ("ESA") and now shares certain operating expenses with its Parent and the Parent's wholly owned subsidiary. Under the ESA, the Company and its Parent and other shared costs among all related entities. Shared expenses are allocated based on headcount, directly correlated usage, and/or the percentage of time spent by personnel provides. Amounts due under the ESA are payable on demand and do not bear interest. As of March 31, 2026, total expenses allocated to the Parent amounted to \$178,004 and that to the Parent's Subsidiary amounted to \$33,423. As of March 31, 2026, the Company owed \$4,325 to the Parent's subsidiary respectively under this arrangement. #### NOTE 10 - SEGMENT REPORTING The Company follows ASC 280, Segment Reportion of ASU 2023-07), which requires companies to disclose segment data based on how management makes decisions about allocating resources to segments and evaluating performance. The Company conducts its business activities and reports financial results as a single reportable segment, the brokerage services segment. Using the management approach, qualitative criteria established by ASC 280, the Company is considered to be a single reportable segment. The Chief Operating Decision Maker ("CODM"), the Chief Executive Officer (CEO) of the Company makes decisions about allocating resources and assessing performance in a manner consistent with the way the company operates its business and presents their financial results. The nature of business of the brokerage services segment are the same as described in the organization and nature of business and summary of significant accounting policies. #### NOTE 11 - SUBSEQUENT EVENTS The Company has evaluated subsequent events for recognition or disclosure through the date the financial statement were available to be issued. Subsequent to March 31, 2026, there were no events or transactions that require recognition in or disclosure to the accompanying financial statement. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.