# EDG CAPITAL LLC X-17A-5 (2026-03-03) — Broker-dealer annual report - Company: EDG CAPITAL LLC - Form: X-17A-5 - Filed: 2026-03-03 - Period: 2025-12-31 - Accession: 0001977455-26-000004 - CIK: 1977455 - File #: 8-71103 - Type: Broker-dealer - Material weakness: No - Auditor: Weaver and Tidwell LLP - Auditor location: Forth Worth, TX - Contact: Richard M Feldman - Phone: 212-392-4838 - Signed by: Christopher Bae (Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1977455/000197745526000004/edgshort2025b.pdf --- {0}------------------------------------------------ #### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 # ANNUAL REPORTS | | FOR OFFICIAL USE ONLY | | | | |--------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|--------------------------------------|--------------------------------------------| | (Date of Registration with PCAOB)(if applicable) | _____________________________________________________________________________________ | | | (PCAOB Registration Number, if applicable) | | (Address) | (City) | | (State) | (Zip Code) | | | (Name – if individual, state last, first, and middle name)
_____________________________________________________________________________________ | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
_____________________________________________________________________________________ | | | | | | B.
ACCOUNTANT IDENTIFICATION | | | | | (Name) | (Area Code – Telephone Number) | | (Email Address) | | | | _____________________________________________________________________________________ | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | (City) | | (State) | | (Zip Code) | | | _____________________________________________________________________________________ | | | | | | _____________________________________________________________________________________
(No. and Street) | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | Broker-dealer | Security-based swap dealer
Check here if respondent is also an OTC derivatives dealer | Major security-based swap participant | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | | NAME OF FIRM: _______________________________________________________________________ | | | | | | A.
REGISTRANT IDENTIFICATION | | | | | | FILING FOR THE PERIOD BEGINNING _____________________ AND ENDING ______________________
MM/DD/YY | | | MM/DD/YY | | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | FACING PAGE | | | | | | PART III | | | | | | FORM X-17A-5 | | | SEC FILE NUMBER | | | ANNUAL REPORTS | | hours per response: | | | SECURITIES AND EXCHANGE COMMISSION
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Estimated average burden | | | | | | | OMB Number: | | | UNITED STATES | | | OMB APPROVAL | 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}------------------------------------------------ | Christopher Bae | swear (or affirm) that, to the best of my knowledge and belief, the | |------------------------------------------------------------|---------------------------------------------------------------------| | financial report pertaining to the firm of EDG Capital LLC | | ет - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ ## EDG CAPITAL LLC Statement of Financial Condition And Report of Independent Registered Public Accounting Firm December 31, 2025 {3}------------------------------------------------ #### EDG Capital LLC Statement of Financial Condition Index December 31, 2025 | | Page | |---------------------------------------------------------|------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statement: | | | Statement of Financial Condition | 2 | | Notes to the Statement of Financial Condition | 3-5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** The Member EDG Capital LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of EDG Capital 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. #### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this 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. The Company is not required to have, nor were we engaged to perform, 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 entity's internal control over financial reporting. Accordingly, we express no such opinion. 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. WEAVER AND TIDWELL, L.L.P. Fort Worth, Texas February 25, 2026 We have served as the Company's auditor since 2026. {5}------------------------------------------------ ## EDG Capital LLC Statement of Financial Condition December 31, 2025 | EDG Capital LLC
Statement of Financial Condition | | | |----------------------------------------------------------------|----------------------|--| | December 31, 2025 | | | | | | | | Assets | | | | Cash | \$
202,241 | | | Prepaid expenses | 490 | | | Other assets | \$
658
203,389 | | | Total Assets | | | | Liabilities and Member's Equity | | | | Liabilities: | | | | Accounts payable and accrued expenses | \$
6,000 | | | Member's equity | 197,389 | | | Total Liabilities and Member's Equity | \$
203,389 | | | See accompanying notes to the Statement of Financial Condition | | | {6}------------------------------------------------ #### EDG Capital LLC Notes to the Statement of Financial Condition December 31, 2025 #### 1. ORGANIZATION EDG Capital 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 is wholly owned by Enhanced Digital Group, Inc. (the "Parent"). The Company was formed in 2022 as a limited liability company in accordance with the laws of the State of Delaware and was approved to operate as a broker-dealer on April 26, 2024. Beginning in 2026, the Company expects to provide brokerage services to institutional investors seeking transactional support for derivative products. To date, the Company has provided no services and has had only minimal operations focused on start-up matters. The accompanying financial statements have been prepared on a going concern basis of accounting. To date, the Company has experienced losses primarily due to its lack of revenue producing activities, while incurring significant fixed costs. These conditions raised substantial doubt about the Company's ability to continue as a going concern. The Company has concluded that such doubt is alleviated due to the ongoing financial support of its Parent pursuant to an expense sharing agreement and capital funding commitments. Such commitments are expected to be sufficient to meet the Company's obligations as they come due for at least one year after the date the financial statements are issued. #### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES #### Basis of Presentation The accounting policies and reporting practices of the Company conform to the practices in the broker-dealer industry and are in accordance with accounting principles generally accepted in the United States of America. #### Government and Other Regulation The Company's business is subject to significant regulation by various governmental agencies and self-regulatory organizations, including the SEC and FINRA. Such regulation includes, among other things, periodic examinations by these regulatory bodies to determine whether the Company is conducting and reporting its operations in accordance with the applicable requirements of these organizations. As a registered broker-dealer, the Company is subject to the SEC's net capital rule (Rule 15c3-1) which requires that the Company maintain a minimum net capital, as defined. The Company relies on Footnote 74 of the 2013 Release to the Securities and Exchange Act to be compliant with the provisions of SEC Rule 15c3-3. #### Cash and Cash Equivalents The Company considers all highly liquid debt instruments having original maturities of three months or less at the date of purchase to be cash equivalents. The Company had no cash equivalents at December 31, 2025. #### Use of Estimates The preparation of the Statement of Financial Condition 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 the disclosure of contingent liabilities. Actual results can differ from those estimates. {7}------------------------------------------------ #### EDG Capital LLC Notes to the Statement of Financial Condition (continued) December 31, 2025 #### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) #### Income Taxes No provisions have been made for income taxes since the Company is a single-member limited liability company and is considered a disregarded entity for income tax purposes. The sole member is liable for income taxes based on the Company's taxable income. The Company recognizes and measures tax positions taken or expected to be taken in its tax return based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. Management 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. The U.S. federal jurisdiction and the state of Utah are the major tax jurisdictions where the Company files income tax returns. The Company is subject to U.S. federal or state examinations by tax authorities for all periods since inception. #### Segment Reporting The Company is authorized to engage in a single line of business, the private placement of securities, as a securities broker-dealer, however, to date, has not commenced operations. The Company has identified its Chief Executive Officer as the chief operating 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 may also use 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 make member withdrawals. The measurement of segment assets is reported on the Statement of Financial Condition as total assets. 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 the profit and loss of the segment are the same as those described in the summary of significant accounting policies. #### 3. RELATED PARTIES The Company and its Parent have entered into an agreement whereby the Parent provides certain compensation and office-related services to the Company. The Parent allocates the cost of such services to the Company without the requirement for reimbursement. The Company treats such contributed expenses as contributed capital The Company's Statement of Financial Condition contains a substantial number of related party transactions. The existence of these transactions could create financial positions significantly different than if the Company were operating autonomously. Transactions between the Company and the Parent were not consummated on terms equivalent to arm's length transactions. {8}------------------------------------------------ #### EDG Capital LLC Notes to the Statement of Financial Condition (continued) December 31, 2025 #### 4. NET CAPITAL REQUIREMENTS The Company, as a registered broker-dealer, is subject to the Securities and Exchange Commission's Net Capital Rule (Rule 15c3-1), which requires that the Company maintain Net Capital (as defined in the rule) equal to the greater of \$5,000 or 6 2/3% of Aggregate Indebtedness (also as defined in the rule) and requires that the ratio of Aggregate Indebtedness to net capital shall not exceed 15 to 1. At December 31, 2025, the Company's Net Capital was \$196,241 which was above the required Net Capital by \$191,241. At December 31, 2025, the Company's ratio of Aggregate Indebtedness to Net Capital was 0.03 to 1. ### 5. COMMITMENTS AND CONTINGENCIES The Company is exposed to various asserted and unasserted potential claims encountered in the normal course of business. As of December 31, 2025, and through the date of this report there were no such claims. #### 6. CONCENTRATION OF CREDIT RISK The Company maintains cash and savings accounts at one financial institution. Cash balances are insured by the Federal Deposit Insurance Corporation up to \$250,000 per insured bank account. The Company may, during the ordinary course of business, maintain account balances with banks in excess of federally insured limits. The Company has not experienced any losses to date in these accounts. #### 7. SUBSEQUENT EVENTS Management has evaluated for disclosure the impact of all subsequent events through February 25, 2026, the issuance date of this financial statement. No such events require disclosure. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.