# NEON MONEY, LLC X-17A-5 (2024-05-22) — Broker-dealer annual report

- Company: NEON MONEY, LLC
- Form: X-17A-5
- Filed: 2024-05-22
- Period: 2024-03-31
- Accession: 0002013816-24-000023
- CIK: 1914680
- File #: 8-70898
- Type: Broker-dealer
- Material weakness: No
- Auditor: Sanville & Company LLC
- Auditor location: Dallas, TX
- Contact: Hasnain Naveed
- Phone: 212-668-8700
- Email: hnaveed@acisecure.com
- Website: acisecure.com
- Signed by: Samantha Crystal Santiago-Paez (CEO & CCO)

Original filing: https://www.sec.gov/Archives/edgar/data/1914680/000201381624000023/neonmoneypublic.pdf

---

{0}------------------------------------------------

### 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

8-670898

# ANNUAL REPORTS FORM X-17A-5 PART III

FACING PAGE

| FILING FOR THE PERIOD BEGINNING 05/31/2023 | AND ENDING 03/31/2024 |
|--------------------------------------------|-----------------------|
|                                            |                       |

MM/DD/YY

MM/DD/YY

A. REGISTRANT IDENTIFICATION

# NAME OF FIRM: NEON MONEY, 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.)

| 239 JASMINE ST |
|----------------|
|----------------|

|                                                                                                     | (No. and Street)                                           |         |                                            |  |
|-----------------------------------------------------------------------------------------------------|------------------------------------------------------------|---------|--------------------------------------------|--|
| TAVERNIER                                                                                           | ட                                                          |         | 33070                                      |  |
| (City)                                                                                              | (State)                                                    |         | (Zip Code)                                 |  |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                        |                                                            |         |                                            |  |
| HASNAIN NAVEED                                                                                      | 212-668-8700                                               |         | HNAVEED@ACISECURE.COM                      |  |
| (Name)                                                                                              | (Area Code - Telephone Number)                             |         | (Email Address)                            |  |
|                                                                                                     | B. ACCOUNTANT IDENTIFICATION                               |         |                                            |  |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>Sanville & Company LLC |                                                            |         |                                            |  |
| 325 North Saint Paul Street, Suite 3100  Dallas                                                     | (Name - if individual, state last, first, and middle name) | TX      | 75201                                      |  |
| (Address)                                                                                           | (City)                                                     | (State) | (Zip Code)                                 |  |
| September 18, 2003                                                                                  |                                                            | 169     |                                            |  |
| (Date of Registration with PCAOB)(if applicable)                                                    |                                                            |         | (PCAOB 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)(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

i Samanita Crysla Santago-Page
financial, report, portaining to the Shop More Li Swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Neon Money, L.C.

as of as as of 3/31 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------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.

![](_page_1_Figure_4.jpeg)

GINGER GILL NOTARY PUBLIC, STATE OF NEW 32 Registration New York County
Commission Expires 08/20/2027

| Sighafurr |  |  |
|-----------|--|--|
| Title:    |  |  |
| CCC 9 Amo |  |  |

This filing \*\* contains (check all applicable boxes):

- മ്മ (a) Statement of financial condition.
- (b) Notes to consolidated statement of financial condition.
- D (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 proprietor18 equity.
- [] (f) Statement of changes in liabilities subordinated to claims of creditors.
- J (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.
- [1] Computation of tangible net worth under 17 CFR 240.18a-2.
- ロ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- [] {{i 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 § 240.1.5c3-3.
- 0 {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 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.
- [
- 国 (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.
- ‍ (t) Independent public accountant® report based on an examination of the statement of financial condition.
- コ (u) Independent public accountantils 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.
- [0 (v) Independent public accountant® 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 accountantly report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- O 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).
- U (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
- \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(2), as applicable.

{2}------------------------------------------------

# NEON MONEY, LLC

Financial Statement

With

Report of Independent Registered Public Accounting Firm

For the Period May 31, 2023 (Commencement of Operations) to March 31, 2024

This report is deemed PUBLIC in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934.

{3}------------------------------------------------

### NEON MONEY, LLC FOR THE PERIOD MAY 31, 2023 (COMMENCEMENT OF OPERATIONS) TO MARCH 31, 2024

#### Table of Contents

Page

| Report of Independent Registered Public Accounting Firm |       |
|---------------------------------------------------------|-------|
| Financial Statement:                                    |       |
| Statement of Financial Condition                        | 2     |
| Notes to Financial Statement                            | 3 - 5 |
|                                                         |       |

{4}------------------------------------------------

![](_page_4_Picture_0.jpeg)

#### Report of Independent Registered Public Accounting Firm

To the Member and Those Charged With Governance of Neon Money, LLC

#### Opinion on the Financial Statement

We have audited the accompanying statement of financial condition of Neon Money, LLC (the Company) as of March 31, 2024, and the related notes (collectively, the financial statement). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of March 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

#### Basis for Opinion

This financial statement is 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 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 require that we plan and perform the audit to obtain reasonable assurance about whether the financial 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 reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal reporting. Accordingly, we express no such opinion.

Our audit included perforning procedures to assess the risks 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 financial statement. We believe that our audit provides a reasonable basis for our opinion.

This is the initial year we have served as the Company's auditor.

Dallas, Texas May 15, 2024

> 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998

{5}------------------------------------------------

### NEON MONEY, LLC STATEMENT OF FINANCIAL CONDITION AS OF MARCH 31, 2024

| ASSETS:                               |        |         |
|---------------------------------------|--------|---------|
| Cash                                  | સ્ત્રે | 229,252 |
| Other assets                          |        | 1,668   |
| TOTAL ASSETS                          | S      | 230,920 |
|                                       |        |         |
| LIABILITIES AND MEMBER'S EQUITY       |        |         |
| LIABILITIES:                          |        |         |
| Accounts payable and accrued expenses | S      | 2,871   |
| TOTAL LIABILITIES                     |        | 2,871   |
| COMMITMENTS AND CONTINGENCIES         |        |         |
| MEMBER'S EQUITY                       |        | 228,049 |
| TOTAL LIABILITIES AND MEMBER'S EQUITY | ಳಿ     | 230,920 |

See accompanying notes to financial statement

{6}------------------------------------------------

#### -p -- q- rpsrt--- u- qrpsv

#### -- - -

a137Y3718Aww2e>01k2345678kfI6:H3941B6:6=<4<>1B=<6C<=<>8;345678<7x1=6I69137y67@698Z[A\]\\F/012345678<: I03==83I71B:@C:<B<6983Ha137Y3718`7;Fe>01kd6917>kfAI0<;06;?@<91B<><7y67@698\]\\F/012345678<:691E<:>191B C93J19cB16=19I<>0>01jFgFg1;@9<><1:67BhD;067E12344<::<37ekgh2kf67B<:6414C193HC3>0>01\_<767;<6=`7B@:>98 X1E@=6>398b@>039<>8A`7;Fek\_`aXbkf67B>01g1;@9<><1:`7G1:>39:d93>1;><372395396><37ekg`d2kfF

/012345678<:6@>039<L1BC8\_`aXb>317E6E1<7>967:6;><37:<7=<:>1B67B3G19c>01;3@7>19;395396>11?@<><1::1;@9<><1:A67B737c 1D;067E1414C1969967E<7EH39>967:6;><37:<7=<:>1B:1;@9<><1:C81D;067E1414C19:F/012345678B<B73>;37B@;>678 :1;@9<><1:C@:<71::H39>01519<3B17B1BY69;0Z[A\]\^F

 /01234567835196>1:@7B19>01593G<:<37:3Hd696E9650eJfe\fe<<f5@9:@67>>3gh2X@=1[i;ZcZ3H>01g1;@9<><1:67BhD;067E1 2344<::<3767BA6;;39B<7E=8A<:1D145>H934 >019146<7<7E593G<:<37:3H>06>9@=1F/0191?@<91417>:3Hd696E9650eJfe\fe<<f 593G<B1>06>>012345678;=1696==>967:6;><37:37C106=H3H;@:>3419:376H@==8B<:;=3:1BC6:<:I<>06;=169<7EC93J19cB16=19F/01 ;=169<7EC93J19cB16=19;699<1:6==3H>016;;3@7>:3H>01;@:>3419:67B46<7>6<7:67B591:19G1:6==91=6>1BC33J:67B91;39B:6:691 ;@:>3469<=8J15>C86;=169<7EC93J19cB16=19F

#### - - - -

## !!

/016;;345678<7EH<767;<6=:>6>1417>06:C1175915691B37>016;;9@6=C6:<:3H6;;3@7><7E<76;;39B67;1I<>06;;3@7><7E 59<7;<5=1:E17196==86;;15>1B<7>01j7<>1Bg>6>1:3Hb419<;6eklbbdkf6:B1>6<=1B<7>01\_<767;<6=b;;3@7><7Eg>67B69B:m369Bn: b;;3@7><7Eg>67B69B:23B<H<;6><37F

## !"!

##\$ !#%&' /015915696><373HH<767;<6=:>6>1417>67B91=6>1BB<:;=3:@91:<7;37H394<>8I<>0lbbd91?@<91:4676E1417>>346J11:><46>1: 67B6::@45><37:>06>6HH1;>>0191539>1B643@7>:3H6::1>:67B=<6C<=<><1:A67B>01B<:;=3:@913H;37><7E17>6::1>:67B=<6C<=<><1:6> >01B6>13H>01H<767;<6=:>6>1417>A67B>0191539>1B643@7>:3H<7;34167B1D517:1:B@9<7E>0191539><7E519<3BFb;;39B<7E=8A 6;>@6=91:@=>:;3@=BB<HH19H934>03:11:><46>1:67B:@;0B<HH1917;1:;3@=BC146>19<6=F

### 

/012345678;699<1:<>:6;;3@7>:91;1<G6C=16>;3:>=1::676==3I67;1H39B3@C>H@=6;;3@7>:Fo76519<3B<;C6:<:A>012345678 1G6=@6>1:<>:6;;3@7>:91;1<G6C=167B1:>6C=<:01:676==3I67;1H39B3@C>H@=6;;3@7>:C6:1B370<:>3983H56:>I9<>1c3HH:67B ;3==1;><37:67B;@9917>;91B<>;37B<><37:Fa36==3I67;1H39B3@C>H@=6;;3@7>:I6:91?@<91B6>Y69;0Z[A\]\^F

### ( #

/016;;345678<7EH<767;<6=:>6>1417>06:C1175915691B6::@4<7E>06>>012345678I<==;37><7@16:6E3<7E;37;197F/01 2345678<:;@9917>=8B1517B17>37<>:3I719>3H@7B<>:37E3<7E35196><37:6:>01234567806:73>81>E17196>1B:@HH<;<17> 91G17@1F/013I719<7>17B:>3593G<B16BB<><376=H<767;<7E>093@E0B<91;>;37>9<C@><37:3H;65<>6=@7><=53:<><G1;6:0H=3I:691 E17196>1BF/013I719<:73>;37>96;>@6==83C=<E6>1B>3;37><7@1>3593G<B1:@5539>F

## % \$#( !

### )\*++,--,\*.-

/0123456781697:;344<::<37:37;=<17>>967:6;><37:<71?@<>8:1;@9<><1:AB1C>:1;@9<><1:A67B3>0191D;067E1>96B1B593B@;>:F 2344<::<3767B91=6>1B;=169<7E1D517:1:69191;39B1B37>01>96B1B6>1F/012345678C1=<1G1:>06>>01519H39467;13C=<E6><37<: :6><:H<1B37>01>96B1B6>1C1;6@:1>06><:I017>01@7B19=8<7E<7:>9@417>395@9;06:19<:<B17><H<1BA>0159<;<7E<:6E911B@53767B >019<:J:67B91I69B:3H3I719:0<506G1C117>967:H1991B>3KH934>01;@:>3419F/01:191G17@1:69191;3E7<L1B6>653<7><7><41F

# MNON,PQRSN-Q.T)\*.UVQOUWQSQ.ON-

X1;1<G6C=1:69<:1I017>01234567806:67@7;37B<><376=9<E0>>391;1<G1568417>@7B196;37>96;>I<>06;@:>341967B691 B191;3E7<L1BI017>01;6:0<:91;1<G1BF/01916917391;1<G6C=1C6=67;1:6:3HY68Z[A\]\Z67BY69;0Z[A\]\^F

{7}------------------------------------------------

### !\$
! \$o% pqrsts

 \$! 
oqrsts# pr

# s! p\$!u\$

u
!
%"

#### ---- -

OF9=D<;=<CCB=C<D7CBGHB9=HBDBLB9?B<CCF;7<=B@G7=H=HB;F9=D<;=7CDB;F897NB@ID7FD=F=HBOFAI<9PQC?9;F9@7=7F9<KD78H==F DB;B7LBI<PAB9=?9@BD<;F9=D<;=G7=H<;?C=FABDi7RBR]?9J7KKB@DB;B7L<JKBj<9@<DB@BDB;F897NB@GHB9B7=HBD7=JB;FABC< DB;B7L<JKBFD=HB;<CH7CDB;B7LB@ROF9=D<;=<CCB=C<DBDBIFD=B@79=HBC=<=BAB9=F::79<9;7<K;F9@7=7F9RVCF:c<Pd[]eYed<9@<CF: c<D;Hd[]eYe(];F9=D<;=<CCB=J<K<9;BCGBDBkYR

OF9=D<;=K7<J7K7=7BC<D7CBGHB9;?C=FABDCDBA7=;F9=D<;=?<K;<CHI<PAB9=C79<@L<9;BF:=HBOFAI<9PC<=7C:P7987=CIBD:FDA<9;B FJK78<=7F9C?9@BD=HB;F9=D<;=<9@<DB@BDB;F897NB@GHB9=HBDBLB9?B<CCF;7<=B@G7=H=HB;F9=D<;=7CDB;F897NB@GHB9=HB IBD:FDA<9;BFJK78<=7F97CC<=7C:7B@RVCF:c<Pd[]eYed<9@c<D;Hd[]eYe(]=HBDBGBDB9F;F9=D<;=K7<J7K7=7BCR

# )\*+,\*-\*./,0123+45,0

67897:7;<9=>?@8AB9=7CDBE?7DB@=F@B=BDA79BGHB=HBDIBD:FDA<9;BFJK78<=7F9C<DBC<=7C:7B@<=<IF79=79=7ABFDFLBD=7ABMHFG=F <KKF;<=B=D<9C<;=7F9ID7;BCGHBDBA?K=7IKBIBD:FDA<9;BFJK78<=7F9C<DB7@B9=7:7B@MGHB9=FDB;F897NBDBLB9?BJ<CB@F9=HB <IIDFID7<=BAB<C?DBF:=HBOFAI<9PQCIDF8DBCC?9@BD=HB;F9=D<;=M<9@GHB=HBD;F9C=D<79=CF9L<D7<JKB;F9C7@BD<=7F9CHF?K@JB <IIK7B@@?B=F?9;BD=<79:?=?DBBLB9=CR

#### --

SHBOFAI<9P7C<C798KBABAJBDK7A7=B@K7<J7K7=P;FAI<9P=H<=7C@BBAB@=FJB<@7CDB8<D@B@B9=7=P:FD:B@BD<K79;FAB=<T I?DIFCBCRSHB=<T<JKB79;FABFDKFCCF:=HBOFAI<9P7C<KKF;<=B@<9@=<TB@=F7=CABAJBDR

SHBOFAI<9P<;;F?9=C:FD?9;BD=<79=7BC7979;FAB=<TBC?9@BD=HBIDFL7C7F9CF:UV6W V6O X(YZ[YZY\]^V;;F?9=798:FD \_9;BD=<79=P79`9;FABS<TBCR^SHBV6O;K<D7:7BC=HB<;;F?9=798:FD?9;BD=<79=P7979;FAB=<TBCDB;F897NB@79<9B9=BDID7CBaC :79<9;7<KC=<=BAB9=RSHBV6OIDBC;D7JBC<DB;F897=7F9=HDBCHFK@<9@AB<C?DBAB9=<IIDF<;H:FD=HB:79<9;7<KC=<=BAB9=DB;F897=7F9 <9@AB<C?DBAB9=F:<=<TIFC7=7F9=<bB9FDBTIB;=B@=FJB=<bB979<=<TDB=?D9RSHBV6OIDFL7@BC8?7@<9;BF9DBLBDC<K] ;K<CC7:7;<=7F9]79=BDBC=<9@IB9<K=7BC]<;;F?9=7987979=BD7AIBD7F@C]@7C;KFC?DB<9@=D<9C7=7F9RV=c<D;Hd[]eYe(]=HBOFAI<9PH<@ 9FA<=BD7<K?9DB;F897NB@=<T<9@9F?9;BD=<79=<TIFC7=7F9CR

# !"

' SHBOFAI<9P7CC?J>B;==F=HB6B;?D7=7BC<9@fT;H<98BOFAA7CC7F9\_97:FDAgB=O<I7=<Kh?KBi6fOD?KB[\;dZ[j]GH7;HDBE?7DBC =HBA<79=B9<9;BF:A797A?A9B=;<I7=<K]<9@DBE?7DBC=H<==HBD<=7FF:<88DB8<=B79@BJ=B@9BCC=F9B=;<I7=<K]JF=H<C@B:79B@]CH<KK 9F=BT;BB@[eR\=F[]79=HB:7DC=PB<DF:ABAJBDCH7I<9@[\=F[]=HBDB<:=BD]h?KB[\;dZ[<KCFIDFL7@BC=H<=BE?7=P;<I7=<KA<P9F= JBG7=H@D<G9FD;<CH@7L7@B9@CI<7@7:=HBDBC?K=7989B=;<I7=<KD<=7FGF?K@BT;BB@[Y=F[RV=c<D;Hd[]eYe(]=HBOFAI<9PH<@ 9B=;<I7=<KF:keel]dm[GH7;HG<Ckee[]dm[79BT;BCCF:7=CDBE?7DB@9B=;<I7=<KF:k\]YYYRSHBOFAI<9PaCD<=7FF:<88DB8<=B 79@BJ=B@9BCC=F9B=;<I7=<KG<CYRY[eX=F[R

# #

\$
%!&"

SHBOFAI<9PA<79=<79CID79;7I<KKP<KK;<CHJ<K<9;BC79F9B:79<9;7<K79C=7=?=7F9GH7;H]<==7ABC]A<PBT;BB@=HB<AF?9=79C?DB@ JP=HBUB@BD<KnBIFC7=`9C?D<9;BOFDIFD<=7F9RSHBBTIFC?DB=F=HBOFAI<9P7CCFKBKP@BIB9@B9=?IF9@<7KPJ<9bJ<K<9;BC<9@=HB C=DB98=HF:=HB:79<9;7<K79C=7=?=7F9RSHBOFAI<9PH<C9F=79;?DDB@<9PKFCCBCF9=H7C<;;F?9=RV=c<D;Hd[]eYe(]=HB<AF?9=79 BT;BCCF:79C?DB@K7A7=CG<CkYR

{8}------------------------------------------------

#### NEON MONEY, LLC NOTES TO FINANCIAL STATEMENT FOR THE PERIOD MAY 31, 2023 (COMMENCEMENT OF OPERATIONS) TO MARCH 31, 2024

#### NOTE 5 - RELATED PARTY TRANSACTIONS:

#### Due to Parent

The Company has an expense sharing agreement in place with the Parent permits the allocation of certain shared expenses to the Company. Total shared expenses for the period ended March 31, 2024, were \$17,464, and the balance due to the Parent as of March 31, 2024, was \$0. The shared expenses consists of compensation and benefits.

The Parent's practice is to forgive all liabilities owed to it by the Company. For the year ended March 31, 2024, the Parent forgave such Company liabilities totaling \$17,464, which was treated as Member's contributions in the financial statement.

#### NOTE 6-RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS:

The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification" or "ASC") as the authoritative source of GAAP recognized by the FASB. The principles embodied in the Codification are to be applied by nongovernmental entities in the preparation of financial statement in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the issuance of Accounting Standards Updates ("ASUs").

For the period ended March 31, 2024, various ASUs issued by the FASB were either newly issued or had effective implemation dates that would require their provisions to be reflected in the financial statement for the year then ended. The Company has ether evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the may have on the Company's financial statement. In most cases, management has determined that either limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statement taken as a whole.

#### NOTE 7-COMMITMENTS AND CONTINGENCIES:

The Company had no commitments or contingent liabilities and had not been named as a defendant in any lawsuit at March 31, 2024, or during the year then ended.

#### NOTE 8-SUBSEQUENT EVENTS:

The Company has evaluated events subsequent to the Statement of Financial Condition date for items requiring recording or disclosure in the financial statement. The evaluation was performed through the date the financial statement was available to be issued. Based upon this review, the Company has determined that there were no events which took place that would have a material impact on its financial statement.


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.