# CLEANSOURCE SECURITIES LLC X-17A-5 (2026-04-14) — Broker-dealer annual report
- Company: CLEANSOURCE SECURITIES LLC
- Form: X-17A-5
- Filed: 2026-04-14
- Period: 2025-12-31
- Accession: 0001970831-26-000002
- CIK: 1970831
- File #: 8-71077
- Type: Broker-dealer
- Material weakness: No
- Auditor: Rubio CPA, PC
- Auditor location: Atlanta, GA
- Contact: Jonathan Self
- Phone: 404-596-5393
- Email: gmontgomery@cleansourcesecurities.com
- Website: cleansourcesecurities.com
- Signed by: W. Gregory Montgomery (President)
Original filing: https://www.sec.gov/Archives/edgar/data/1970831/000197083126000002/css2025auditpublic.pdf
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| | UNITED STATES | | 0MB APPROVAL
0MB Number: 3235-0123 | | |
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| ( FOR PUBLIC RELEASE ] | SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 | | Expires: Nov. 30, 2026
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hours per response:
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| | ANNUAL REPORTS | | | | |
| | FORM X-17A-5 | | SEC FILE NUMBER
8-71077 | | |
| | PART Ill | | | | |
| FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
AND EN DING 12/3
FILI NG FOR THE PERIOD BEG INNING O 1/01 /25
1 /
2 5 | | | | | |
| | MM/DD/VY | | MM/DD/VY | | |
| | A. REGISTRANT IDENTIFICATION | | | | |
| NAME oF FIRM : CleanSource Securities, LLC | | | | | |
| TYPE OF REGISTRANT (check all appli cable boxes):
0 Broker-dea
ler
D Check here if respondent is also an OTC derivatives dealer | D Security-based swap dealer
D Major secu | | rity-based swap participant | | |
| | ADDRESS OF PR INCIPAL PLACE OF BUSI NESS: (Do not use a P.O. box no.) | | | | |
| 1942 East 7th Street, Suite 350 | | | | | |
| | (No. and Street) | | | | |
| Charlotte | NC | | 28204 | | |
| (City) | (State) | | (Zip Code) | | |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | |
| Greg Montgomery | 704-271-9889 | | gmontgomery@cleansourcesecurities.com | | |
| (Name) | (Area Code - Telephone Nu mber) | | (Email Address) | | |
| B. ACCOUNTANT IDENTIFICATION | | | | | |
| RUBIO CPA, PC | IN DEPENDENT PUBLIC ACCOUNTANT w hose re ports are cont ained in this fil ing* | | | | |
| 3500 Lenox Road NE, Suite 1500 Atlanta | (Name - if individual, state last, first, and middle name) | | | | |
| | (City) | GA
(State) | 30326 | | |
| (Address)
05/05/09 | | 3514 | (Zip Code) | | |
| rt• of R,g;,t,atioo w;th PCAOB)(;f appllcable] | | | | | |
| ]PCAOB Reg;~,atioo N,mbec, ;f applicable] I
FOR OFFICIAL USE ONLY | | | | | |
| | | | | | |
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 0MB control number.
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#### **OATH OR AFFIRMATION**
| | swear (or affirm) that, to the best of my knowledge and belief, the
I, Greg Montgomery |
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| | 2~
as of
financial report pertaining to the firm of CleanSource Securities, LLC |
| | 12/31
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 |
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| | This filing** contains (check all applicable boxes): |
| | ~ (a) Statement of financial condition. |
| | ~ (b) Notes to consol idated statement of financial condition. |
| 0 | (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 | (d) Statement of cash flows. |
| D | (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. |
| D | (f) Statement of changes in liabilities subordinated to claims of creditors. |
| D | (g) Notes to consolidated financial statements. |
| D | (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. |
| D | (i) Computation of tangible net worth under 17 CFR 240.18a-2. |
| D | U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. |
| D | (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. |
| D | {I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. |
| D | (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. |
| D | (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. |
| D | (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. |
| D | {p) Summary of financial data for subsidiaries not consolidated in the statement of financial cond ition. |
| | ~ {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. |
| D | {r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. |
| D | {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. |
| D | {u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 |
| | CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. |
| D | (v) Independent public accountant's report based on an examination of certain statements in the compl iance report under 17 |
| D | 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. |
| D | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, |
- as applicable. D {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). D (z) Other:---------------------------------------
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- *\*\*To* request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3} or 17 CFR 240.18a-7(d)(2), as applicable.
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STATEMENT OF FINANCIAL CONDITION DECEMBER 31 , 2025 WITH REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
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## **Table of Contents**
| Report of Independent Registered Pub I ic Accounting Firm
1 | |
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| Statement of Financial Condition
2 | |
| Notes to Statement of Financial Condition 3-5 | |
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# **RUBIO CPA, PC**
CERTIFIED PUBLIC ACCOUNTANTS
3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770-690-8995
## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
To the Member of CleanSource Securities, LLC
### Opinion on the Financial Statement
We have audited the accompanying statement of financial condition of CleanSource Securities, LLC (the "Company") as of December 31, 2025, 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 the Company as of December 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 perfonn the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perfonn, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement to the financial statement, whether due to error or fraud, and perfonning procedures that respond to those risks. Such procedures included exan1ining, 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 2024.
April 14, 2026 Atlanta, Georgia
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### **STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025**
| ASSETS
Cash
Prepaid expenses and deposit | \$ | 23,916
2,089 |
|------------------------------------------------|------|-----------------|
| TOTAL ASSETS | I \$ | 26
,005 |
| | | |
| LIABILITIES AND MEMBER'S EQUITY | | |
| LIABILITIES | | |
| Accounts payable and accrued expenses | \$ | 8,000 |
| Due to related party | | 10,520 |
| TOTAL LIABILITIES | I | 18,520 |
| MEMBER'S EQUITY | | 7,485 |
| TOTAL LIABILITIES AND MEMBER'S EQUITY | I \$ | 26
,005 |
| | | |
The accompanying notes are an integral part of this financial statement.
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NOTES TO FINANCIAL STATEMENT DECEMBER 31, 2025
### **1. ORGANIZATION AND NATURE OF BUSINESS**
CleanSource Securities, LLC (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company, a limited liability company formed in the state of North Carolina on August 4, 2022, is wholly owned by CleanSource Capital, LLC (the "Member"). As a limited liability company, the Member's liability is limited to its investment. The Company primarily engages in banking services consisting of investment banking advisory for mergers, acquisitions and capital raises through private placements of securities.
### **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
**Basis of presentation** - The Company follows Generally Accepted Accounting Principles (GAAP), as established by the Financial Accounting Standards Board (the FASB), to ensure consistent reporting of financial condition, results of operations, and cash flows.
**Cash** - The Company maintains its bank account in a high credit quality financial institution. The balance at times may exceed federally insured limits.
**Income taxes** - The Company is a single-member limited liability company and is considered a disregarded entity for federal income tax reporting purposes. Accordingly, the Company does not file a separate income tax return. Therefore, the income or losses of the Company flow through to and are taxable to the Member. Accordingly, no income taxes are reflected in the accompanying financial statements.
The Company follows the provisions of FASB Accounting Standards Codification 740-10 ("ASC 740-10"), Accounting for Uncertainty in Income Taxes. Under ASC 740-10, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status, including its status as a disregarded entity, and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that it has no uncertain tax positions for which a provision or liability for income taxes is necessary.
**Use of estimates** - These financial statements were 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 statements and the amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
**Revenue Recognition** - Revenue from contracts with customers includes investment banking fees from mergers, acquisitions, and capital raises through private placements of securities. The recognition and measurement of revenue is based on the assessment of individual contract terms.
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**Revenue Recognition (cont.)** - Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events.
Revenue from investment banking agreements is generally recognized at the point in time that performance under the agreement is completed (the closing date of the transaction). The agreements often contain nonrefundable retainer fees, and/or success fees, which may be fixed or represent a percentage of the value that the customer receives, if and when the transaction is completed ("success fees"). However, for certain agreements, revenue is recognized over time when 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 agreement. If a promised good or service is not distinct, the Company combines that good or service with other promised goods or services until it identifies a bundle of goods or services that is distinct. In some cases, this would result in the Company accounting for all the services promised in an agreement as a single performance obligation and, if unfulfilled, amounts received from such agreements would be reflected as deferred revenue on the accompanying statement of financial condition.
The Company recognizes success fee revenue from investment banking services upon completion of a success fee based transaction. The Company recognizes certain retainer revenue from contracts with customers at the point in time in which specified deliverables are transferred to the Company's customers.
### **3. NET CAPITAL REQUIREMENTS**
The Company is subject to the net capital requirements of SEC Rule 15c3-1 which requires the maintenance of a minimum net capital and requires that the ratio of aggregate indebtedness to net capital not exceed 15 to 1. As of December 31, 2025, the Company's net capital was \$5,396, which was \$396 in excess of its minimum net capital requirement of \$5,000. The Company's ratio of aggregate indebtedness to net capital was 3.43 to 1.00.
## **4. CONTINGENCIES**
The Company is subject to litigation in the normal course of business. The Company has no litigation in progress at December 31, 2025.
### **5. RELATED PARTY TRANSACTIONS**
The Company has an expense sharing agreement with a related party who is an owner of the Company's Member. Under the terms of this agreement, the Company pays the related party for allocated expenses such as personnel services, technology and communications, occupancy and other administrative costs provided to the Company based on estimated usage. Allocated expenses to the Company amounted to approximately \$43,989 during the year ended December 31, 2025. The balance due to related party on the accompanying statement of financial condition as of December 31, 2025 arose from this agreement.
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### **5. RELATED PARTY TRANSACTIONS (cont.)**
The Company has a consulting agreement with a separate related entity that is wholly owned by the Company's President. Pursuant to the terms of the agreement, the related entity is compensated for general administrative services rendered to the Company. The Company expensed approximately \$36,000 pursuant to this agreement during the year ended December 31, 2025, which has been included in other expenses within the accompanying statement of operations.
The Company at times collects fees earned by the Company's Member on its behalf which are subsequently remitted to the Company's Member. There was no balance due to member on the accompanying statement of financial condition as of December 31, 2025 as a result of such fees collected by the Company on behalf of its Member that had yet to be remitted to the Member.
Financial position and results of operations might differ from the amounts in the accompanying financial statements if these related party transactions did not exist.
### **6. SEGMENT REPORTING**
The Company has one reportable segment: investment banking advisory for mergers, acquisitions and capital raises through private placements of securities. The Company has identified its President as the chief operating decision maker ("CODM"), who uses net income or loss 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 3), 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 distributions. The Company's operations constitute one 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 the profit and loss of the segment are the same as those described in the summary of significant accounting policies.
### **7. SUBSEQUENT EVENTS**
Subsequent events were evaluated through the date the financial statements were issued.
### **8. NET LOSS**
The Company incurred a loss for 2025 and was dependent upon capital contributions from its Member for working capital and net capital. The Company's Member has represented that it has the means and intentions to continue to make capital contributions as needed to ensure the Company's survival through at least one year subsequent to the date of the report of the independent registered public accounting firm.
Management expects the Company to continue as a going concern and the accompanying financial statements have been prepared on a going-concern basis without adjustments for realization in the event that the Company ceases to continue as a going concern.
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.