# PERITUS CAPITAL, LLC X-17A-5 (2025-05-27) — Broker-dealer annual report - Company: PERITUS CAPITAL, LLC - Form: X-17A-5 - Filed: 2025-05-27 - Period: 2025-03-31 - Accession: 0001824935-25-000003 - CIK: 1824935 - File #: 8-70590 - Type: Broker-dealer - Material weakness: No - Auditor: Weisberg, Mole', Krantz & Goldfarb, LLP - Auditor location: Woodbury, NY - Contact: Daniel Sakol - Phone: 516.393.5618 - Email: howard@peritus.com - Website: peritus.com - Signed by: Howard Tang (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1824935/000182493525000003/perpublic.pdf --- {0}------------------------------------------------ # PERITUS CAPITAL LLC STATEMENT OF FINANCIAL CONDITION MARCH 31, 2025 {1}------------------------------------------------ ### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 sec file number 8-70590 ## ANNUAL REPORTS FORM X-17A-5 PART III 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 04/01/2024 | | AND ENDING 03/31/2025 | |--------------------------------------------|-------------------|-----------------------| | | BARA CARA (1 1) / | BARA A PARTS 11 11 1 | MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM: Peritus Capital, LLC TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer □ Check here if respondent is also an OTC derivatives dealer □ Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) ## 535 Fifth Avenue, 4th floor | NY | | | | |------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------|--| | | | 10017 | | | (State) | | (Zip Code) | | | | | | | | 646 360 3102
Howard Tang | | Howard@peritus.com | | | | (Email Address) | | | | | | | | | | | | | | Weisberg, Mole', Krantz & Goldfarb, LLP | | | | | (Name - if individual, state last, first, and middle name)
Woodbury | NY | 11797 | | | (City) | (State) | (Zip Code) | | | | 2107 | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING
(Area Code - Telephone Number)
B. ACCOUNTANT IDENTIFICATION | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | \* 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 | Howard Tang
report pertaining to the firm of | | | Peritus Capital LLC | swear (or affirm) that, to the best of my knowledge and belief, the financial | | as of | |-------------------------------------------------------------------------------------------------------------------------------------------------|--|--------------------------------------------------------------------------------------------------|---------------------|-------------------------------------------------------------------------------------------|--|-------| | March 31
partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | | 2 025 , is true and correct. I further swear (or affirm) that neither the company nor any | | | | as that of a customer. | | EDWARD LIU
Notary Public - State of New York
No. 02LI0010736
Qualified in Nassau County | | Signature: | | | 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 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. Ay Commission Expires \_ 1 | 0/20 - [ (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 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. - @ (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. - @ (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 240.15c3-1e 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). - O (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable {3}------------------------------------------------ ## PERITUS CAPITAL LLC ## MARCH 31, 2025 ## TABLE OF CONTENTS | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|--| | Statement of Financial Condition | | | Notes to the Financial Statement | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## Weisberg, Molé, Krantz & Goldfarb, LLP Certified Public Accountants ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members and Management of Peritus Capital LLC ### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Peritus Capital LLC (the "Company") as of March 31, 2025, 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 the Company as of March 31, 2025, 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 express an opinion 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 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 the Company's auditor since 2025. Woodbury, New York May 15, 2025 > 185 Crossways Park Drive, Woodbury, New York 11797 · Phone: 516-933-3800 · Fax: 516-933-1060 700 Kinderkamack Rd, Oradell, New Jersey 07649 · Phone: 201-655-6249 · Fax: 201-655-6098 www.weisbergmole.com {5}------------------------------------------------ ## PERITUS CAPITAL LLC STATEMENT OF FINANCIAL CONDITION MARCH 31, 2025 ## ASSETS | Cash
Transaction fees receivable
Prepaid expenses and other assets | ಕಾ | 123,112
12,969
7,692 | |--------------------------------------------------------------------------|----|----------------------------| | Total assets | ಕಾ | 143,773 | | LIABILITIES AND MEMBERS' EQUITY | | | | Liabilities: | | | | Accounts payable
Total liabilities | ಕಾ | 18,899
18,899 | | Members' equity | ಕಿ | 124,874 | | Members' equity | ಕಾ | 143,773 | {6}------------------------------------------------ ## 1. ORGANIZATION AND DESCRIPTION OF BUSINESS Peritus Capital LLC (the "Company") is a limited liability company organized under the laws of the state of Delaware on July 22, 2020. The Company's operations consist primarily of financial advisory and private capital raises for corporate clients. On May 27, 2021, the Company became a registered broker-dealer with the Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority ("FINRA"). It is the intention of the members to continue to support and operate the Company for the twelve-month period from the date that these financial statements are issued and contribute the necessary capital to maintain the operations, fund its ongoing expenses and meet the net capital requirements of the SEC's Uniform Net Capital Rule. ## 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ## Basis of presentation The accompanying financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States of America. ## Revenue recognition Revenue from contracts with customers is recognized when, or as, the Company satisfies its performance obligations by transferring the promised services to the customers. A service is transferred to a customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied at a point in time or overtime. Revenue from a performance obligation satisfied at a point in time is recognized at the point in time that the Company determines the customer obtains control over the promised service. Revenue from a performance obligation satisfies over time is recognized by measuring the Company's progress in satisfying the performance obligation in a manner that depicts the transfer of the services to the customer. 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 Company 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. In determining the transaction price, an entity may include variable 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. {7}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gh^HNijG7K>9klmRS X XZ n\[!T"\op["# q\\"\gh^HNklmijF^HNklm>8K;9:<:?1>8K;>6813:87A1@576916:;>3 5>3;39>;@;<<1:<81;<461A;:;876:>M1A97<:CB61J4>6>3E;946613:1QK19:1A961A>:@7<< ghNrNsij81:?7A7@7EB:71<:>8;:11QK19:1A961A>:@7<<1<7216:?113:>61@>5175:?15>3;39>;@ ;<<1:<;<75:?161K76:>3EA;:1F {8}------------------------------------------------ ### -!"#\$ # 4567889:7;<6=9><>6?@A89BB6B@BC7B6?9;A56D9EF7;GHB6IF6JE6;AB<7>>@6?7A7E9>A@K6?<9BAL@;<8J?@;M=66B>6<6@N7C86JA@8@K@;MA56DODP =>7E6:9>QR %&'()'\*+,-(.//&/\*/,0'12/\*-(+&'\*+'))/+)'(32,'1,2,+,/) !"#\$ 456D9EF7;GHB6IF66?@A>@BQ7BB9<@7A6?:@A5A>7;B76<6@N7C86 @BA57A7;G<8@6;A:5@<5@A<9;?J7BA56<>6?@A>@BQ9=<8@6;AL7;?>6;A8GA56>6@B;9A7=9>6B667C86 6IF6<57;M6:5@<5<9J8?>6BJ8A@;A56=66B>6<6@N7C86C6@;MJ;F7@? 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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) ## Income taxes As a wholly-owned limited liability company, the Company is not subject to federal, state or local income taxes. All items of income, expense, gains and losses are reportable by the Parent for tax purposes. The Company is considered to be a disregarded entity and is thus not subject to federal, state and local income taxes and does not file income tax returns in any jurisdiction. At March 31, 2024, the Parent has determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination will always be subject to ongoing reevaluation as facts and circumstances may require. Generally, the Parent is subject to income tax examinations by major taxing authorities during the threeyear period prior to the period covered by these financial statements. ## Adoption of new accounting standards The FASB issued (ASU) 2023-07, "Segment Reporting" (Topic 280) which increased disclosure requirements regarding a public entity's reportable segments effective for fiscal years beginning after December 15, 2023. ASU 2023-07 required incremental line-item disclosures about each reportable segment's expenses as well as profit and losses. The Company has evaluated the guidance there under and has determined that the Company operates as one operating segment. For further discussion refer to Footnote 5, Reportable Segments. ## 3. RELATED PARTY TRANSACTIONS During the normal course of business, the Company may receive revenue deposits on behalf of its members. At March 31, 2025, there was no amount due to members. ## 4. NET CAPITAL REQUIREMENTS The Company is subject to the uniform net capital requirements of Rule 15c3-1 of the Securities and Exchange Act, as amended, which requires the Company to maintain, at all times, sufficient liquid assets to cover indebtedness. In accordance with the Rule, the Company is required to maintain defined minimum net capital of the greater of \$5,000 or 6.6667 % of aggregate indebtedness. At March 31, 2025, the Company had net capital, as defined, of \$104,213, which exceeded the required minimum net capital of \$5,000 by \$98,213. Aggregate indebtedness at March 31, 2024 was \$18,899. The Company's percentage of aggregate indebtedness to net capital was 18.13%. {10}------------------------------------------------ ## 4. NET CAPITAL REQUIREMENTS (continued) The Firm does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Firm has represented that it does not and will not, (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not and will not carry accounts of or for customers and (3) does not and will not carry PAB accounts. ## 5. REPORTABLE SEGMENTS The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of financial advisory and private capital raises for corporate clients. The Company has identified it's CEO as the Chief Operation Decision Maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 4), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure profit and loss of the segment are the same as those described in the summary of significant policies. ## 6. SUBSEQUENT EVENTS Management of the Company has evaluated events and transactions that may have occurred since March 31, 2025, and through date of issuance and determined that there are no material events that would require disclosures in the Company's financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.